Margaret Thatcher that Foreign Secretary James Callaghan warned his fellow Labour Cabinet members in 1974 of the possibility of "a breakdown of democracy", telling them: "If I were a young man, I would emigrate." In mid-1978, the economy began to recover and opinion polls showed Labour in the lead, with a general election being expected later that year and a Labour win a serious possibility. Now Prime Minister, Callaghan surprised many by announcing on 7 September that there would be no general election that year and he would wait until 1979 before going to the polls. Thatcher reacted to this by branding
Denis Thatcher a Commonwealth Heads of Government Meeting, asking "So, what do you think the fuzzy wuzzies are up to?" In December 1990, following the resignation of his wife as Prime Minister, it was announced that Denis Thatcher would be created a baronet (the first such creation since 1964). The award was gazetted in February 1991, giving his title as Sir Denis Thatcher, 1st Baronet, of Scotney in the County of Kent. Thus Margaret was entitled to style herself Lady Thatcher while retaining her seat in the House of Commons; however she made it known that she preferred to be addressed as