The last great Prime Minister of Britain

Andrew Bolt Monday, May 04, 2009 at 08:27am The 30th anniversary of Margaret Thatcher’s election as Prime Minister of Great Britain is celebrated: We are here to celebrate a famous victory and to pay tribute to a great Lady who not only saved Britain but together with Ronald Reagan, ended the cold war, tore down the iron curtain, and enabled millions to escape the tyranny of communism. Her greatness may be measured by the smallness of her successors. What might she now think of the great spending splurge in Britain, the US and Australia. Lord Forsyth, in a fine speech at Thatcher’s tribute dinner, says it for her: When Margaret wanted to redecorate the study in no 10 she paid for it herself. She always paid cash and never signed the bill in the members dining room and many of her colleagues who did so were given stern lectures on the dangers of debt and credit.. She changed the way people thought about wealth creation, enterprise and the role of the state. Part of her legacy was the destruction of socialism and the creation of New Labour. Today we are back to the 70s in a Britain on the brink of bankruptcy thanks to the meddling excesses of Gordon Brown, the irresponsibility of some bankers and the searing incompetence of the regulators and monetary authorities here and in the United States. Old Labour is back. Margaret’s fixed ropes of sound money, living within our means, controlling public expenditure and smaller Government to release the enterprise of the British people are still in place. Source

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