Streep in talks to play 'Iron Lady'

“Mamma Mia” helmer Phyllida Lloyd will direct a biopic about Margaret Thatcher, provisionally titled “The Iron Lady,” with Meryl Streep in discussions to play the former British prime minister.

Pic, which is penned by “Brick Lane” scribe Abi Morgan, is being developed, financed and exec produced by Pathe, one of the financier’s of “The Queen.” Film4 will co-finance the project.

Pathe, which will also distribute the pic in the U.K. and France, has been in development on the project for three years and was skedded to work with BBC Films.

Pathe’s Cameron McCracken said Film4 boarded the project after BBC Films dropped out when the group decided to “take the film in a totally different direction.”

Pic, which is budgeted for less than $20 million, will shoot in late October/early November in the U.K.

Pic is produced by Damian Jones, who has produced a slew of Brit pics including Nick Hytner’s “The History Boys” and Noel Clarke’s “Adulthood.”

Story follows Thatcher’s career, which saw her smash through barriers of gender and class in order to be heard in a male-dominated world.

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