Having risen at my customary hour of seven, going down, tiptoeing down, and seeing the paper slanting through the letterbox, and reading the words “H… - Enoch Powell

She has peaked. I have the feeling of 1945. Mrs Thatcher has never known losing office as Gladstone did and the need to face changing circumstances and clear new obstacles before returning to power.

We exist to say to the nation that its future, economically and socially, will best be what the people themselves make it; that the possibilities which lie open to their ingenuity, effort and initiative are wider far than any government could conceive, still less bring to pass; and that the duty of government is to help, but never constrain, the free development of the nation's resources and talents. We offer neither servitude, nor the safety, ease and irresponsibility of servitude. We offer freedom, and the risks, the dangers, the uncertainties, the untidinesses, but also the responsibilities and the opportunities which are inseparable from it.

Parties come and go, governments come and go. But if we lose the power to make and unmake governments, to make and unmake parliaments, then everything else is changed. Even if I were convinced that the result of doing what Michael Foot has described—regaining what we ought never to have given away—even if I were convinced that the result of that would be that we would have Labour administrations for the rest of my lifetime, I would say: well, so be it. But at least we have retained the power to decide under what general principles this nation is going to be governed.