Lord Cecil Parkinson 1
Lord Cecil Parkinson 1 Trade minister in Margaret Thatcher's first government in 1979, Cecil Parkinson went on to become Conservative Party chairman. He was instrumental in privatizing Britain's state-owned enterprises, particularly electricity. In this interview, Parkinson discusses the rethink of the British Conservative Party in the 1970s, Margaret Thatcher's leadership in the Falklands War, the coal miners' strike, and the privatization of state-owned industries. Rethinking the Conservative Party, and the Role of Keith Joseph INTERVIEWER: Let's talk about Margaret Thatcher during the '70s. After the defeat of [Prime Minister Ted] Heath, Margaret Thatcher almost goes back to school. She and Keith Joseph go to Ralph Harris [at the Institute for Economic Affairs] and say, "Give us a reading list." What's going on here? What's Margaret really doing? LORD CECIL PARKINSON: I think Margaret was very happy with the Heath manifesto. If you look at the Heath manifesto, it was almost a mirror image of her 1979 manifesto. All the things—cutting back the role of the state, getting rid of the nationalized industries, curbing the train unions, cutting of taxes, controlling public expenditure—it's all there. It's a very, very good manifesto. And I've heard her recently compliment him on the 1970 manifesto, which was a slightly sort of backhanded compliment, really. What troubled her was that we could be bounced out of it. We could be moved from doing the things which we knew were right and doing things which we secretly knew were wrong because of circumstances, and I think instinctively she felt this was wrong, but she didn't have the sort of intellectual backup, she felt, to back up her instincts.
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