I went to Oxford University - but I've never let that hold me back.

We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.

The role of Ronald Reagan had been deliberately diminished; the role of the Europeans, who, with the exception of Helmet Kohl, were often keen to undermine America when it mattered, had been sanitized; and the role of Mr. Gorbachev, who had failed spectacularly in his declared objective of saving communism and the Soviet Union, had been absurdly misunderstood.

We should not underestimate the enormity of the task which lies ahead. But little can be achieved without sound money. It is the bedrock of sound government.

As the former dissident Vladimir Bukovsky once remarked – referring to the Russian proverb to the effect that you cannot make an omelette without breaking eggs – he had seen plenty of broken eggs, but never tasted any omelette.

The mission of this government is much more than the promotion of economic progress. It is to renew the spirit and solidarity of the nation.

Advisers advise, and ministers decide.