I think it is a great day for freedom. I watched the scenes on television last night and again this morning because I felt one ought not only hear ab… - Margaret Thatcher

Labour's own drift to the left and the extremism of the trade unions had disillusioned and fractured its traditional support. The SDP and the Liberals failed to grasp the significance of what was happening. They projected their appeal to the middle-class Left, especially those who worked in the public sector, probably, I suspect, because Roy Jenkins and Shirley Williams instinctively sought out their own kind and allowed that instinct to overcome their judgement. In fact, the more numerous and dissatisfied Labour supporters were in the rising working and lower-middle class – the same group that in America Ronald Reagan was winning over and who were known as 'Reagan Democrats'. They were benefiting from the opportunities we had made available, especially the sale of council houses; more important, they shared our values, including a strong belief in family life and an intense patriotism. We now had an opportunity to bring them into the Conservative fold.

Having consulted widely among colleagues, I have concluded that the unity of the Party and the prospects of victory in a General Election would be better served if I stood down to enable Cabinet colleagues to enter the ballot for the leadership. I should like to thank all those in Cabinet and outside who have given me such dedicated support.

The feminists hate me, don't they? And I don’t blame them. For I hate feminism. It is poison.