"Mrs Thatcher argued that Government must limit its activities. The state had attempted to do too much and had intervened in areas where it had no business. In place of state action, she extolled the Victorian values of self reliance coupled with private charity". (British Politics: Burch & Moran 1987, p157-158)Thatcher then went on to triple poverty and inequality by putting huge numbers on the dole and shifting to indirect taxation that put the burden on the poorest while cutting services they needed most and yet still (after 18 years in office) leave the tax/GDP ratio virtually unchanged at 40% of GDP - little different from today.
So, when Cameron uses exactly the same language today, why would anyone expect him to be any different from Thatcher?