“I don't know by whom we might be threatened. What I do know is a government [sic] we have to be prepared for any eventuality, and I do know that possessions of those nuclear weapons has kept the peace between nuclear powers far better than the possession of conventional weapons did. You know when we only had conventional weapons Europe was at war again with 21–22 years. We have had 38 years peace and in another four or five years we will have the longest period of peace in Europe for centuries. That, to me, is the greatest prize of all, and…I'm prepared to allocate that expenditure to keep peace for the people for whom I'm responsible.”

TV Interview for Granada TV (1 June 1983) http://www.margaretthatcher.org/document/105096
First term as Prime Minister

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Do you have more details about the quote "I don't know by whom we might be threatened. What I do know is a government [sic] we have to be prepared for any eventu…" by Margaret Thatcher?
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Margaret Thatcher 348
British stateswoman and politician 1925–2013

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“No-one in their senses wants nuclear weapons for their own sake, but equally, no responsible prime minister could take the colossal gamble of giving up our nuclear defences while our greatest potential enemy kept their's. Policies which would throw out all American nuclear bases…would wreck NATO and leave us totally isolated from our friends in the United States, and friends they are. No nation in history has ever shouldered a greater burden nor shouldered it more willingly nor more generously than the United States. This Party is pro-American. And we must constantly remind people what the defence policy of the [Labour] Party would mean. Their idea that by giving up our nuclear deterrent, we could somehow escape the result of a nuclear war elsewhere is nonsense, and it is a delusion to assume that conventional weapons are sufficient defence against nuclear attack. And do not let anyone slip into the habit of thinking that conventional war in Europe is some kind of comfortable option. With a huge array of modern weapons held by the Soviet Union, including chemical weapons in large quantities, it would be a cruel and terrible conflict. The truth is that possession of the nuclear deterrent has prevented not only nuclear war but also conventional war and to us, peace is precious beyond price. We are the true peace party.”

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Context: America and Russia have excessive numbers of nuclear weapons today because we treated nuclear weapons, at the end of World War II, like they were just bigger conventional weapons. If you have tanks, and the other side has more than you, you may be in trouble — or airplanes or ships or whatever. With nuclear weapons, it's not the same: they're too powerful, and at some point you just can't use any more, it's just not meaningful. But what happened was, we had the lead of course, because we invented them. The Russians tried to catch up with us; we tried to stay ahead of the Russians; they tried to catch up with us, and we just had a never-ending race upward. By the mid-Sixties, we realized this, but because of the Cold War mentality, politicians couldn't stand up and say, "I'm willing to have less than the Soviet Union," and so the race continued, but we tried to mitigate it by instituting an arms control process, which at first tried to cap and then later to reduce these numbers. … there's just no way you can actually use them; they become so destructive. I estimate that a couple of hundred nuclear weapons, not just on the center of cities, but on economic positions in the country, will drive a country to the point it will never recover, it will never be the same again. It will survive, but it'll be a totally different country. You don't need thousands to do that. There are only a few hundred cities of any size in even Russia or the United States, like 200, and you just don't need thousands of weapons to demobilize a country.

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