Thatcher: We Are Building a Property-Owning Democracy

Serene and assured, Prime Minister Thatcher defends her record and speaks of the future

After only four hours of sleep and a day spent thanking campaign workers and consulting with colleagues, Margaret Thatcher welcomed TIME London Bureau Chief Christopher Ogden and Reporter Frank Melville upstairs at No. 10 Downing Street to talk about her plans for a third term. Wearing a blue suit and her trademark double strand of pearls, she sat at a small table in an oak-paneled room. Behind her were congratulatory baskets of flowers. Excerpts from the interview:

Q. How do you interpret the election?

A. It means that the policies we were pursuing, which we put openly and frankly before the...

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