Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.

I was turned out because I said to Europe no, no, no. That no, no , no has now turned into yes, yes. Two yes's not three because he got the Social Chapter out and he's reserved his position on the single currency.

Gentlemen, if we don't cut spending we will be bankrupt. Yes, the medicine is harsh, but the patient requires it in order to live. Should we withhold the medicine? No. We are not wrong. We did not seek election and win in order to manage the decline of a great nation.

I started out in life with two great advantages: No money and good parents.

I will not change just to court popularity.

Any leader has to have a certain amount of steel in them, so I am not that put out being called the Iron Lady.

There's no such thing as society.