Today the conference hall in Manchester paid our respects, once again, to Britain’s greatest peacetime leader, Margaret Thatcher.
It is a source of never-ending pride for every Conservative MP that we represent a party which was led by the country’s first female Prime Minister. Baroness Thatcher did more to extend wealth and ownership across the country than any other politician. We are all better off because of what she did.
But it’s not only in the conference hall in Manchester that Baroness Thatcher’s legacy is alive and well. Across the country we see the change in the transferring of wealth from the state to the people.
Five years ago Gordon Brown used a huge amount of the taxpayers’ cash into bailing out the banks. Under George Osborne, we’re getting that money back. £3.2 billion was raised by selling Lloyds shares to institutional investors like pension funds – ensuring we can all benefit from the banks’ profitability.
There’s also the possibility that the sale of future shares might involve a retail offering – allowing ordinary people to enjoy the benefits of ownership.
The sale of shares in Royal Mail is just as important. Not only will it allow people to benefit from our national assets, but it will allow Royal Mail to get the investment and flexibility it needs to compete with rivals within the UK, and grow internationally.
We’re managing the process very carefully and the scare stories that the CWU and their political wing in the Labour Party are spreading about the end of the universal service are nonsense.
Just today we’ve heard good news about another scheme, Help to Buy.