She wanted to cut taxes, shrink the government and unleash free markets; that wasn’t the direction that the EU wanted to take. Her Euroscepticism was reformist and liberal; it was the very opposite of reactionary. The Bruges speech was permanently to divide Lady Thatcher’s party; but it proved of vital importance. It helped to define modern British Euroscepticism and ensure that it would remain very different to the malign, inward-looking continental variety. Even today, the anti-EU wing of the Conservative Party is committed to a global, low-tax Britain that trades freely with the world. That is true of the MPs and activists who want to withdraw from the EU entirely, as well as of those who would be content with reducing the EU’s political influence over Britain. Their model is Hong Kong and Singapore, not Caracas or Cuba. Despite its increasing illiberalism and its obsession with immigration, Ukip too still just about supports free trade, lower taxes and capitalism – a unique position for any populist party anywhere.