a lot of this speech resonates with me i have highlighted it with speech marks " "
Margaret Thatcher’s stirring speech to a small business conference in 1965 gave so much hope for the future that it is worth repeating extracts here:
This Government believes in small business. Because small firms are indispensable to the creation of jobs and of wealth. Firms with fewer than 200 employees produce about a fifth of our national income; employ one in four of the total workforce; and provide one job in three in the private sector.
Small firms can be a seed-bed for new ideas and a testing ground for new ways of working.
" They often lead the way in new products and new services. They put the customer first. They have to, to survive in a fast-changing world."
We support small businesses because they embody freedom and independence. They are the roots of a free society. For in the words of one American President: “Energy in a nation is like sap in a tree; it rises from the bottom up; it does not come from the top down.”
We seek a society
"— where people make their own choices and take responsibility for their decisions."
"— where rewards are related directly to one's efforts."
"— where people have a stake in its success."
"— where individual initiative rather than the diktat of Government provides the driving force…"
Running a small business involves great risks. But to run those risks the rewards must be there. That means that taxes must be cut.
If we are to reduce taxation, we must hold down public expenditure.
The pressures for more public spending are remorseless. But the Government will resist them. Even though we may be opposed by powerful interests our duty is to speak up as well for the taxpayer, the ratepayer, the businessman, the wealth-creator. In a free society, government must leave more in the pockets of the people, to spend as they decide.
I came to office with one deliberate intent: "to change Britain from a dependent to a self-reliant society—from a give-it-to-me, to a do-it-yourself nation".
"A get-up-and-go, instead of a sit-back-and-wait-for-it Britain."
This means creating a new culture—an enterprise culture—which accords a new status to the entrepreneur and offers him the rewards to match;
" which breeds a new generation of men and women who create jobs for others instead of waiting for others to create jobs for them."
That is why this Government has given so much attention to the promotion of the small business. It is not simply that tall oaks from little acorns grow. "Small businesses are the very embodiment of a free society—the mechanism by which the individual can turn his leadership and talents to the benefit of both himself and the nation".
The freer the society, the more small businesses there will be. And the more small businesses there are, the freer and more enterprising that society is bound to be.
So my message to you today is quite simple: we will do our best for you, so that you can do your best for Britain.
as always welcome and invite your feedback and thoughts
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