The problem with socialism is that you eventually run out of other people's money - Margaret Thatcher

As Conservatives we believe that recovery can only come through the work of individuals. We mustn't forever take refuge behind collective decisions. Each of us must assume our own responsibilities. What we get and what we become depends essentially on our own efforts. For what is the real driving force in society? It's the desire for the individual to do the best for himself and his family. People don't go out to work for the Chancellor of the Exchequer. They go out to work for their family, for their children, to help look after their parents...That's the way society is improved, by millions of people resolving that they'll give their children a better life than they've had themselves. And there's just no substitute for this elemental human instinct, and the worst possible thing a Government can do is to try to smother it completely with a sort of collective alternative. They won't work, they can't work. They crush and destroy something precious and vital in the nation and in the individual spirit.

Orthodox finance, low levels of regulation and taxation, a minimal bureaucracy, strong defence, a willingness to stand up for Britain's interests wherever and whenever threatened – I did not believe that I had to open windows into men's souls on these matters. The arguments for them seemed to me to have been won. I now know that such arguments are never finally won.

The battle of the Falklands was a remarkable military operation, boldly planned, bravely executed, and brilliantly accomplished. We owe an enormous debt to the British forces and to the Merchant Marine. We honour them all. They have been supported by a people united in defence of our way of life and of our sovereign territory.