We stand on the threshold of a new decade, which will itself lead us into a new century. It is a time to look forward with hope and optimism to the limitless opportunities which lie ahead.
But we must also take with us into the 1990s the lessons of the decade we are leaving behind. And the overwhelming lesson of the 1980s is that Socialism has failed. We knew that in 1979, and now the whole of Eastern Europe knows it as well.
It has failed because: — by limiting liberty, it works against human aspirations; — by concentrating power at the centre, it creates poverty and economic decline; — by granting special privileges to vested interests, it undermines the rule of law.
By contrast, our policies of freedom and enterprise have produced a decade of solid achievement. They draw inspiration from principles which are timeless and soundly based because they respond to the hopes and ambitions of the human spirit.
Our vision is of a Britain and a Europe in which: — the power of the state is limited and individuals have more control over their own lives; — opportunity and choice are increased and prosperity and capital are spread more widely than ever before [end p1] — hard work and achievement receive their proper reward — people enjoy peace of mind, sure in the knowledge that: * help will always at hand for those who cannot help themselves; * justice and fairness will always be upheld by a firm rule of law; * encouragement will always be given to those who want to do well for their family, own property and have something to pass on to their children; * our defences will always be strong and sure.
In the 1980s, we have been building that Britain. It is an enormous task and there is still much to be done.
Of course, there will be new problems. There always will be. But the experience we have gained in the last ten years equips us well for the six great tasks which now lie ahead as we enter a new decade:
First, we must beat inflation which is still too high. The policies we now pursue will bring it down. And, as it falls, so in time will mortgage interest rates as well.
Second, we will continue to extend ownership. Water privatisation is the latest—huge—success creating over 2½ million shareholders. Wider ownership of shares and homes is giving power and wealth to those who never dreamed of it.
Third, we will take tough action to clean up our environment and, co-operating with the nations of the world, tackle the pollution that threatens our planet. [end p2]
Fourth, we will improve our public services such as health and education, and make them more responsive to people's needs.
Fifth, we will help build a wider Europe of free and democratic states prepared to work together to the benefit of all.
Sixth, we will work through NATO for balanced arms reductions and a defence policy that will continue to keep the peace.
The British people know that this Government in tackling these challenges will stand firmly by its principles, maintain a clear sense of purpose and continue to offer strong leadership.
These are the qualities which distinguish the Conservative Party from its political opponents.
We have reawakened in Britain her self esteem. We intend to continue to build a Britain that is free, prosperous, generous and secure.