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" "It is a great night. It is the end of Socialism.
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
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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 Delors report is aimed at a federal Europe, a common currency and a common economic policy, which would take many economic policies, including fiscal policy, out of the hands of the House, and that is completely unacceptable. It would also require a treaty amendment, which we do not believe would ever be passed by the House because of the lack of sovereignty that it would imply.