Margaret Thatcher: Freedom Is Working

Awaiting the outcome of last week's balloting, Margaret Thatcher, elegantly dressed for the victory celebration that was to come, sat on a brocade sofa in the handsome white drawing room at 10 Downing Street and talked with TIME London Bureau Chief Bonnie Angela. Excerpts from the interview:

On her first term. It is quite a lot for a politician to be able to take the long-term view, knowing that it is going to give you immense short-term trouble. That was the great decision, and we held together over it. The achievement in inflation is not just that it has come down to...

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