Gloom. Relentless rain out of a sullen sky enhanced an already pessimistic mood. We were talking geopolitics and agreeing that the West ought to brace itself for a hard landing. Try as we might, we could find no good news, anywhere.

Where is the self-belief of the Reagan/Thatcher years? Instead, a culture war is taking place

Some of us were veterans, one or two of whom had spent time in Washington in 1980, the build-up to the Reagan era and the prelude to the most successful decade in modern peacetime history, in which Margaret Thatcher played a crucial role.