The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.

Speech to the Conservative Party Conference (13 October, 1988).