Today is a sad day as Britain, and indeed the world, has lost the most important figure in British politics of the last five decades with the death of Margaret Thatcher, who passed away this morning following a stroke.

The so-called ‘Iron Lady’, who would become Baroness Thatcher, will be remembered for her monumental catalogue of achievements during her time in office, including her recovery of the Falkland Islands, and of course for becoming Britain’s first – and to date only – female Prime Minister.

But for me, and for many businesspeople of my generation and those whichfollowed, she will forever be known as the person who transformed the British economy, as well as the character of doing business in the UK.

Her policies brought the UK back from the brink and by doing so ushered in a new era of colourful confidence and a spirit of winning that was based on the principals of free enterprise, capitalism, personal responsibility and fairness – an era which has lasted to this day and to which has, in general terms, served Great Britain well.

The reforms she introduced, which included the dismantling of the unions’ power and the privatisation of the utilities and the national airline, might not have always been universally applauded, but history has shown that they fundamentally changed the economic and business landscape of the country, largely, for the better.

Her core beliefs – in enterprise, hard work and proper rewards for a job well done – and her character – defined by its courage and determination – inspired millions across the world; and, personally, they helped me identify and thenpursue my business ambitions.  For this, I am indebted to Margaret Thatcher.

She was a formidable woman and her colossal legacy will, surely, live long after we have forgotten the non-descript politicians of today.

Some of my favourite Thatcher quotes:

“No one would remember the Good Samaritan if he’d only had good intentions; he had money as well.”

“There is no such thing as society. There is a living tapestry of men and women and people, and the beauty of that tapestry and the quality of our lives will depend upon how much each of us is prepared to take responsibility for ourselves and how much each of us prepared to turn round and help by our own efforts those who are unfortunate.”

Blog written 8th April