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The winter of discontent continues to exert a powerful hold over the British political imaginary. It acts as a discursive key to a collective mythology seemingly appealed to, and conjured, in each wave of industrial unrest, in each hint of political turmoil and, until recently, whenever the election of a Labour Government looked credible. In this paper I consider the rhetorical strategies and linguistic devices deployed by the tabloid media in the narration of the events of the winter of 1978-79. I argue for an interpretation of the winter of discontent as a moment of state crisis. By crisis however I do not refer to the mere accumulation of contradictions but rather to a moment of transition, a moment of decisive intervention. Within such a framework, the winter of discontent emerges as a strategic moment in the transformation of the British state, and perhaps the key moment in the pre-history of Thatcherism. For, as I hope to demonstrate, the initial appeal of the New Right was premised upon its ability to offer a convincing construction of the winter of discontent as symptomatic of a more fundamental crisis of the state. In such a moment of crisis, a particular type of decisive intervention was called for. In this discursive construction of crisis the New Right proved itself capable of changing, if not the hearts and minds of the electorate, then certainly the predominant perceptions of the political context. It recruited subjects to its vision of the necessary response to the crisis of a monolithic state besieged by the trade unions. This was perhaps the only truly hegemonic moment of Thatcherism. It occurred well before Mrs Thatcher entered Number 10. It is thus not surprising that one of the most enduring and distinctive legacies of Thatcherism has been the new political lexicon of crisis, siege and subterfuge born of the winter of discontent.