When you take into public ownership a profitable industry the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers.

Ladies and gentlemen, I stand before you tonight in my … chiffon evening gown, my face softly made up, my fair hair gently waved, the Iron Lady of the Western world. Me? A Cold War warrior? … Well, yes — if that is how they wish to interpret my defense of values of freedoms fundamental to our way of life.

There is no such thing as society, there is a living tapestry of men and women and the beauty of that tapestry, and the quality of our lives, will depend upon how much each of us is prepared to take responsibility for ourselves and to turn round and help, by our own efforts, those who are unfortunate. There's no such thing as entitlement unless someone has first met an obligation

Many of our troubles are due to the fact that our people turn to politicians for everything.

And what a prize we have to fight for: no less than the chance to banish from our land the dark divisive clouds of Marxist socialism.

In the same period that the Americans have lived under one constitution our French friends notched up five. A Punch cartoon has a 19th century Englishman asking a librarian for a copy of the French constitution, only to be told: 'I am sorry Sir, we do not stock periodicals.'

Communist regimes were not some unfortunate aberration, some historical deviation from a socialist ideal. They were the ultimate expression, unconstrained by democratic and electoral pressures, of what socialism is all about. ... In short, the state [is] everything and the individual nothing.