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The Thatcher-supporters' answer to the 'Ding Dong' song failed to get anywhere close to the controversial anthem, reaching Number 35 in the singles chart with sales of 8,768.
The Notsensibles’ 1979 single, 'I'm In Love With Margaret Thatcher', made its Top 40 debut some 34 years after it was first released.
It was adopted in the wake of the 'Ding Dong' uproar by supporters of the late Prime Minister.
Despite a vigorous online campaign and the furore in the media, 'Ding Dong! The Witch Is Dead' finished this week's charts over 5,700 copies behind Duke Dumont.
The single, which has climbing quickly up the charts since entering at Number 54 on Tuesday, has sold a total of 52,605 copies to date.
The BBC has opted not to play the 'Ding Dong' song in full after many people objected to it on the grounds of taste and decency.
Instead, the official chart show on BBC Radio 1 played a short news report that included five seconds of the song.
Listen to an excerpt of the programme below:
BBC Radio 1's controller, Ben Cooper, released the following statement defending his decision not to play the full song:
The 'Ding Dong! The Witch is Dead' song has missed out on the top slot in the official UK charts despite a campaign to promote the song in the wake of Margaret Thatcher's death.
Instead of playing the 51-second song in full, BBC Radio 1's chart show played a Newsbeat report that included a five-second excerpt.
Ding Dong! the Witch is Dead currently the tops the UK iTunes chart ahead of the rival punk song I am in Love With Margaret Thatcher which is sixth place.
Both songs have been pitted against each other as protest songs following the death of Baroness Thatcher.
The BBC said it will only play five seconds of Ding, Dong The Witch Is Dead on the chart show today.
Mark Menzies, vice chairman of the All-Party Parliamentary BBC Group, praised the corporation's decision not to play the song.
Margaret Thatcher is reported to have specified that Prime Minister David Cameron should read a lesson from the Gospels at her funeral.
According to the Daily Telegraph, her choice of reading was John 14.1, which says:
Another lesson will be read by Lady Thatcher's 19-year-old granddaughter Amanda, the Telegraph said.
The service will include the burial prayer that begins: "Man that is born of a woman hath but a short time to live and is full of misery. He cometh up and is cut down like a flower."
There will be the reading for meeting the body arriving at a church, which begins: "I am the Resurrection and the Life, saith the Lord. He that believeth in me, yea, though he were dead, yet shall he live."
Among hymns selected are John Bunyan's To Be a Pilgrim and Love Divine, All Loves Excelling.
Tory MPs have joined a campaign to get an obscure punk record about Baroness Thatcher to rival 'Ding Dong The Witch is Dead' at the top of the music charts.
Former MP Louise Mensch urged Thatcher supporters to buy the 1979 track 'I'm in Love with Margaret Thatcher' by the Notsensibles, using the 'Grantham Style' hashtag: