Last week, Mr President, I seemed to hear a strange sound emanating from Blackpool. And I thought at first it was seagulls. [laughter] Then I remembe… - Margaret Thatcher

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Last week, Mr President, I seemed to hear a strange sound emanating from Blackpool. And I thought at first it was seagulls. [laughter] Then I remembered that Labour was holding its annual Conference there. And I realised it wasn't seagulls, it was chickens—[laughter and applause] chickens being counted before they were hatched—[laughter and applause] except for Labour's call to enter the ERM and cut interest rates. That was a case of counting chickens after they'd flown the coop. Then, I heard voices getting all worked up about someone they kept calling the “Prime Minister in Waiting”. [laughter] It occurs to me, Mr President, that he might have quite a wait. [applause] I can see him now, like the people queuing up for the Winter sales. All got up with his camp bed, hot thermos, woolly balaclava, CND badge ... [laughter and applause] Waiting, waiting, waiting ... And then when the doors open, in he rushes—only to find that, as always, there's “that woman” ahead of him again. [applause and laughter] I gather there may be an adjective between “that” and “woman” [laughter] only no-one will tell me what it is. [laughter and applause]