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We have the leading companies and the leading sectors in the advanced industrial world, we have an incredibly dynamic society, and we have high levels of entrepreneurship. And we have the best universities in the world. . . . We also have impeccable credit. What we don't have is a political system that can take the simple measures to deal with our short-term deficit.

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Margaret Thatcher

I must be absolutely clear about this. Britain cannot accept the present situation on the budget. It is demonstrably unjust. It is politically indefensible. I cannot play Sister Bountiful to the Community while my own electorate are being asked to forego improvements in the fields of health, education, welfare and the rest

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