Cover of MoneyWeek magazine issue no 635

Soaring Japan

12 April 2013 / Issue 635

Cash in on the bull market

PLUS:

  • Get a 6% yield with this builder
  • What Margaret Thatcher did for Britain
  • How can printing money make us richer?

Excerpt

Merryn Somerset WebbEDITOR'S LETTER

Merryn Somerset Webb

Admirably unreasonable

You might think you’ve read enough about Margaret Thatcher by now. But I’m afraid that if you are going to get to the end of this week’s magazine, you are going to read more. We’ve looked at her rise to power and at some of the responses to her legacy, and we’ve looked at how her work really affected the UK economy – then and now.

Skim those, and you will see why most of us at MoneyWeek admired her greatly. She was a fabulous leader, a firm feminist, an intelligent policy maker and, as prime minister, a person who was clearly dedicated to improving the lot of as many Britons as she could.

She didn’t get everything right, of course (although her foresight on the problems inherent in the euro, among other things, was impressive) and the financial help she got from North Sea oil revenues is rarely fully recognised by her idolisers. But what she did do was to recognise the real problems facing Britain; to recognise the failure of the policies that had come before her tenure; and to force through change.

The best tribute to that core characteristic I’ve seen yet comes from one-time Tory party moderniser Steve Hilton in The Spectator. She was, he says “thrillingly anti-establishment”. She had all the virtues we most value today: “innovation, energy, daring”.

• Read the full editor’s letter here: Admirably unreasonable.