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he is... that is good politics, isn't it? hold on, though. it is a topsy—turvy contest. he is the thatcherite. she used to go around saying, "you have got "to balance the books. "my father owned his shop in grantham and never spent "more than he earned," and so on, and that is basically what he is saying. but he is being attacked by those who regard themselves as the committed thatcherites — jacob rees mogg and people like that. as a socialist, even though he is actually being being the balance—the—books, don't put up taxes until you can pay forthem, now, he might be wrong about all of these things, but it is the thatcherite view. she, liz truss, is more stuck in that sort of reaganite view that you borrow to cut taxes and debt deficit really doesn't matter that much. let it rip and we can pay back over many decades. so, that is where they are, but that is not really how the party season,
owned a shop in grantham never spent more than _ owned a shop in grantham never spent more than he _ owned a shop in grantham never spent more than he earned _ owned a shop in grantham never spent more than he earned and _ owned a shop in grantham never spent more than he earned and that- owned a shop in grantham never spent more than he earned and that is- more than he earned and that is basicaiiy— more than he earned and that is basically what _ more than he earned and that is basically what you're _ more than he earned and that is basically what you're saying. - more than he earned and that i5| basically what you're saying. but more than he earned and that is- basically what you're saying. but he is being _ basically what you're saying. but he is being attacked _ basically what you're saying. but he is being attacked by— basically what you're saying. but he is being attacked by those - basically what you're saying. but he is being attacked by those who - is being attacked by those who regard — is being attacked by those who regard themselves _ is being attacked by those who regard themselves as - is being attacked by those who regard themselves as the - is being attacked by those who - regard themselves as the committed thatcherites, — regard themselves as the committed thatcherites, jacob _ regard themselves as the committed thatcherites, jacob rees—mogg - regard themselves as the committed thatcherites, jacob rees—mogg andl thatcherites, jacob rees—mogg and people _ thatcherites, jacob rees—mogg and people like — thatcherites, jacob rees—mogg and people like that, _ thatcherites, jacob rees—mogg and people like that, as— thatcherites, jacob rees—mogg and people like that, as a _ thatcherites, jacob rees—mogg and people like that, as a socialist, - people like that, as a socialist, though— people like that, as a socialist, though he _ people like that, as a socialist, though he is— people like that, as a socialist, though he is actually— people like that, as a socialist, though he is actually being - people like that, as a socialist, though he is actually being the | though he is actually being the balance — though he is actually being the balance the _ though he is actually being the balance the books _ though he is actually being the balance the books don't - though he is actually being the balance the books don't put. though he is actually being the balance the books don't put up though he is actually being the - balance the books don't put up taxes until you _ balance the books don't put up taxes until you can— balance the books don't put up taxes until you can pay— balance the books don't put up taxes until you can pay for— balance the books don't put up taxes until you can pay for them. - balance the books don't put up taxes until you can pay for them. he - balance the books don't put up taxes until you can pay for them. he might be wrong _ until you can pay for them. he might be wrong about — until you can pay for them. he might be wrong about all— until you can pay for them. he might be wrong about all these _ until you can pay for them. he might be wrong about all these things - until you can pay for them. he might be wrong about all these things but. be wrong about all these things but it is the _ be wrong about all these things but it is the thatcherite _ be wrong about all these things but it is the thatcherite view. _ be wrong about all these things but it is the thatcherite view. she, - be wrong about all these things but it is the thatcherite view. she, liz i it is the thatcherite view. she, liz truss. _ it is the thatcherite view. she, liz truss. is _ it is the thatcherite view. she, liz truss. is stuck— it is the thatcherite view. she, liz truss, is stuck in— it is the thatcherite view. she, liz truss, is stuck in that _ it is the thatcherite view. she, liz truss, is stuck in that sort - it is the thatcherite view. she, liz truss, is stuck in that sort of - truss, is stuck in that sort of reaganite _ truss, is stuck in that sort of reaganite view— truss, is stuck in that sort of reaganite view that - truss, is stuck in that sort of reaganite view that let - truss, is stuck in that sort of reaganite view that let you i truss, is stuck in that sort of - reaganite view that let you borrow to cut _ reaganite view that let you borrow to cut taxes — reaganite view that let you borrow to cut taxes and _ reaganite view that let you borrow to cut taxes and the _ reaganite view that let you borrow to cut taxes and the deficit - reaganite view that let you borrow to cut taxes and the deficit doesn't really _ to cut taxes and the deficit doesn't really matter— to cut taxes and the deficit doesn't really matter much. _ to cut taxes and the deficit doesn't really matter much. f _ to cut taxes and the deficit doesn't really matter much. f and - to cut taxes and the deficit doesn't really matter much. f and we - to cut taxes and the deficit doesn't really matter much. f and we can. to cut taxes and the deficit doesn't i really matter much. f and we can pay back over— really matter much. f and we can pay back over many — really matter much. f and we can pay back over many decades. _ really matter much. f and we can pay back over many decades. ._ really matter much. f and we can pay back over many decades. . that - really matter much. f and we can pay back over many decades. . that is - back over many decades. . that is where _ back over many decades. . that is where they— back over many decades. . that is where they are _ back over many decades. . that is where they are but _ back over many decades. . that is where they are but that _ back over many decades. . that is where they are but that is - back over many decades. . that is where they are but that is not - back over many decades. . that i5| where they are but that is not how the party— where they are but that is not how the party season~ _ where they are but that is not how the party season-— where they are but that is not how the party season. rishi sooner has declared himself _ the party season. rishi sooner has declared himself to _ the party season. rishi sooner has declared himself to be _ the party season. rishi sooner has declared himself to be a _ the party season. rishi sooner has. declared himself to be a thatcherite economist, if you like, whereas efficiently liz truss hasn't but where i think liz truss has played
been worried about the massive increase in energy bills and the rise — the general rise in the cost of living. what do you make of that announcement and the implications of it? because even on the conservative side, there seems to be a bit of — "well, we are grateful "for the money but we don't like to be the party "doing this kind of thing — throwing money at the problem." the response is fascinating because it is has split the tories down the middle with what you might call a kind of one nation wing and actually the sort of boris red waller wing as well, liking the fact that the government is throwing money at the problem. ultimately, i think those on the other side, the free market thatcherites who sare saying that this is a ridiculous splurge, i think they are missing the point. the scale of what is about to be felt by the poorest in this country — not a situation which is unique to britain — butjust the scale of what is coming merits some kind of response. also on the windfall tax question, well, margaret thatcher did windfall taxes in 1981 and 1982 in the depth of the recession then, when people were hurting,
i mean, frankly, people like brian sewell and waldemarjanuszczak have dismissed your work with contempt as having no artistic value. we've had a lot of help from our enemies, that's true. but — but i am interested in where this feeling of yours comes from, that you're outsiders and that you're against — that the whole of the art world is against you. we never said that. we have enormous support from the art world. good heavens! we're feted wherever we go. you didn't know that? here's a quote from you, "in the art world, we once said we were thatcherites. it was the worst thing we could say. it was like saying that you're a nazi paedophile or something. they will never forgive us for that," you said. "the art world is full of left—wingers who want to be millionaires." that's true. that's still true as well. they all became millionaires. if you say you're conservative to the taxidriver or the waiter, it's just an opinion. it's only in the art world they throw up their arms in amazement. it's quite silly.
and do your hair nicely. for important occasions, yeah? and we believe that every single day of our life is important. and you call yourself a lower—class person... of course. ..but would it be fair to say that you have had a running battle with the art elite, the art establishment, because you think they don't give you the respect that you deserve? i mean, frankly, people like brian sewell and waldemar januszczak have dismissed your work with contempt as having no artistic value. we've had a lot of help from our enemies, that's true. but — but i am interested in where this feeling of yours comes from, that you're outsiders and that you're against — that the whole of the art world is against you. we never said that. we have enormous support from the art world. good heavens! we're feted wherever we go. you didn't know that? here's a quote from you — "in the art world, we once said we were thatcherites. "it was the worst
put on a suit and tie and do your hair nicely. for important occasions, yeah? and we believe that every single day of our life is important. and you call yourself a lower—class person... of course. ..but would it be fair to say that you have had a running battle with the art elite, the art establishment, because you think they don't give you the respect that you deserve? i mean, frankly, people like brian sewell and waldemar januszczak have dismissed your work with contempt as having no artistic value. we've had a lot of help from our enemies, that's true. but — but i am interested in where this feeling of yours comes from, that you're outsiders and that you're against — that the whole of the art world is against you. we never said that. we have enormous support from the art world. good heavens! we're feted wherever we go. you didn't know that? here's a quote from you, "in the art world, we once said we were thatcherites. it was the worst thing we could say. it was like saying that you're
we were thatcherites. it was the worst thing we could say. it was like saying that you're a nazi paedophile or something. they will never forgive us for that," you said. "the art world is full of left—wingers who want to be millionaires." that's true. that's still true as well. they all became millionaires. if you say you're conservative to the taxidriver or the waiter, it's just an opinion. it's only in the art world they throw up their arms in amazement. it's quite silly. it is interesting... afterall, we — we —i mean, we were working—class people, starting out with nothing. it was an extraordinary journey that we did. and even that we managed to make an art that's completely different than any other art. and we — it's our vision. we create a new way of making picture for ourselves. and we created what's called the journey that is lived in, confronted lived like conservative or left—wing or right—wing or sexuality or religion that we hate in some big way. we are trite and then, we call it the moral — what was it?
the readings today, right at the beginning, followed by david cameron, the current british prime minister. who said today, we are all thatcherites today. well, i'm not sure that everybody here in the uk would agree with that. she was a fairly divided character, as you know. the funeral now continues. it will go on for another 20, 25 minutes or so, and then the party here will move on to mansion house. john and chris. >> all right, our thanks to you becky anderson in london for us this morning. covering these funeral services, the pomp and pageantry going on at st. paul's cathedral. >> one type of memorial there. a very different one here in boston where we are live part of cnn's continuing coverage of the boston marathon attack. there is progress. even though it's just a couple of days since this happened. it is what's called a frantic investigation. 30 agencies on it. you are looking at pictures of what they believe to be a pressure cooker bomb.
find a major state-owned company in the western world. thatcher privatized 50 companies and governments in europe, asia, latin america and now africa have followed the same course. the top marginal tax rate in india in 1974 was 97.5%. real really. today the top rate is 40%. in the u.s. in 1977, taxes on capital gains and dividends were 39.9%. in 2012, the rate was 15%. in 1977, corporate taxes in america were close to 50%. they're now 35% and most companies pay a lower rate. these changes have taken place under conservative, liberal and even socialist governments. the architect of the labor party's rise in the 1990s declared, we are all thatcherites now. thatcher's ideas resignated because they were an effective anecdote to the times.