
“The Falkland Islands is about people; it is not about rocks. It is about people’s right to lead lives as they wish to lead them. As people in Argentina can: to live in peace, prosperity. It is about making their choices and leading their lives and having their home as an expression of their wishes, not somebody else’s wishes. They should be able to self-determine their own futures”.

The UK government has launched a legal challenge against plans for a European financial transactions tax (FTT), according to the BBC. The FTT will be adopted by 11 EU states, but not by the UK and Ministers fear it could be imposed on UK firms trading with businesses based in one of the 11 states.

A suggestion by some British senior Members of Parliament advocating a change of name for the Falkland Islands capital, Stanley to Port Margaret Thatcher in honour of the late Baroness had a strong reply from the local weekly, Penguin News.

The UK public opinion controversy over the cost of Baroness Thatcher’s funeral has reached the Falkland Islands where a member of the public proposed a ‘six figure’ contribution towards the event from the local government.

Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating. The move is an embarrassment for the Conservative-led government which promised to protect the country's rating when it took power in 2010, and will heighten the debate about whether austerity is still the right approach.

Argentine ambassador to the UK Alicia Castro has declined the official invitation to attend Margaret Thatcher’s funeral, Downing Street reported. Lady Thatcher was Britain’s PM when the Argentine invasion of the Falklands and she sent a task force to successfully recover them in June 1982 after a 74-day armed conflict.

By Gwynne Dyer - Margaret Thatcher was the woman who began the shift to the right that has affected almost all the countries of the West in the past three decades. But it is an open question whether even the crash of 2008 and the ensuing prolonged recession have finally ended the long reign of her ideas in Western politics.

The cost of Lady Thatcher’s funeral next Wednesday will be revealed afterwards, but the Daily Mirror has estimated it could be as high as £10m. The taxpayer is expected to foot most of the bill, with the Thatcher family agreeing to make an unspecified contribution.
Foreign Secretary Hague said Britain could afford to cover some of the costs.

By Steve Tsang (*) - Prime Minister Margaret Thatcher fought a war with Argentina to defend the Falklands, but she negotiated with China over the future of Hong Kong. Should the apparent success of British diplomacy in securing an acceptable future of Hong Kong be a shining example for a similar solution for the Falklands?

By Jose C. Moya (*) - The recent referendum’s near unanimous support for British rule seems to leave little space for negotiations. The passing of Thatcher -- who was seen as a liberator by most Islanders -- will, if anything, harden their position by reviving memories of the war. And the position of the Argentine population is equally hard, if the recent revival and political use of the issue by the government of Cristina Fernández de Kirchner is any indication.