I was asked whether I was trying to restore Victorian values. I said straight out I was. And I am.

(I)t is highly questionable whether when 'Europe speaks with one voice', as we are so often told it is doing, anyone is really listening. Europe's reputation as a serious player in international affairs is unenviable. It is a feeble giant who desperate attempts to be taken seriously are largely risible. It has a weak currency and a sluggish inflexible economy, still much reliant on hidden protectionism. It has a shrinking, ageing, population and, with the exception of Britain, rather unimpressive armed forces and, not excepting Britain, muddled diplomacy.

The virtues prized in free countries are honesty, self-discipline, a sense of responsibility to one's family, a sense of loyalty to one's employer and staff, and a pride in the quality of one's work. And these virtues only flourish in a climate of freedom.

There's no such thing as entitlement, unless someone has first met an obligation.

The messages on our banners in 1979 - freedom, opportunity, family, enterprise, ownership - are now inscribed on the banners in Leipzig, Warsaw, Budapest and even Moscow.

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.

Let me give you my vision: A man's right to work as he will, to spend what he earns, to own property, to have the state as servant and not as master. These are the British inheritance. They are the essence of a free country, and on that freedom all of our other freedoms depend.