Successful entrepreneurship is ultimately a matter of flair. But there is also a fund of practical knowledge to be acquired and, of course, the right… - Margaret Thatcher

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Successful entrepreneurship is ultimately a matter of flair. But there is also a fund of practical knowledge to be acquired and, of course, the right legal and financial framework has to be provided for productive enterprise to develop.

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About Margaret Thatcher

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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Also Known As

Birth Name: Margaret Hilda Roberts
Alternative Names: Baroness Thatcher Margaret Hilda Thatcher Margaret Roberts Maggie Thatcher Baroness Margaret Thatcher Lady Thatcher Mrs. Thatcher Mrs. T Baroness Thatcher of Kesteven
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Additional quotes by Margaret Thatcher

I didn't realise how absolutely useless they [the House of Lords] are. There they are, they just go along to collect £15,000 a year... They've got no guts. They should be defending Britain against the transfer of power to Maastricht and our loss of sovereignty and our loss of identity... If they were bigger men, they would take the risk. Actually, I think they are quite useless and they ought to be abolished. They are no good at all.

The interviewer Stina Dabrowski said to Thatcher: "So when people criticise you and say what it led to the period when you were prime minister was that the rich became richer and the poor and the became poorer." Thatcher replied "That is not correct. The poor also became less poor, because the benefits at the bottom for those who are genuinely poor do go up. Money spend on education goes up and on the Health Service goes up so that is not true. What happens you might get a bigger gap but you might start here creates a small gap particularly if you're paying top tax today - 83% on earnings and income and 98% on savings. Your gap goes up, it does go up, but the whole thing moves up the gap, you must give people incentive!

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