According to The Hollywood Reporter, Oscar winner Meryl Streep is going to play former British Prime Minister Margaret Thatcher in director Phyllida Lloyd's (Mamma Mia!) biopic Thatcher.

Jim Broadbent is also in talks to play Margaret Thatcher's husband, Denis. The project is developed by Pathe and BBC Films.

The film takes place in 1982 and follows Thatcher as she tries to save her career in the 17 days preceding the 1982 Falklands War. The 2 1/2-month war was a major "turning point for the prime minister, who, after the victory, saw her approval ratings double and went on to win a second term."

Brian Fillis penned the screenplay.