So all the system was running down and collapsing. Mrs. Thatcher became the leader of the Conservative Party in February 1975, and she clearly wanted to strike out and do something different.
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I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.