Could you provide a source for the promise to stay in the single market?
> The single market was after all in large part the creation of Margaret Thatcher.
In the context of the European Union, the 'Single Market' is a legal construct; it was created by the international treaties that underpin the union, and it grants powers to the EU that can be used in various ways, ostensibly for the purpose of regulating trade.
Thatcher was in favour of liberalising trade in Europe and was therefore in favour of a European free market in the broadest sense, but her opinion of the particular mechanisms implemented under the rubric of the 'Single Market' would depend on the details. She was in favour of the Single Market to the extent that it removed trade barriers and decreased regulation, and she was against it to the extent that it was deployed as cover (as she would see it) to bypass national parliaments and introduce new economic regulations at the supranational level. Here is a quote from a speech she gave in Bruges in 1988 to the College of Europe [1], which is probably the most famous statement of her views on the subject:
'The aim of a Europe open to enterprise is the moving force behind the creation of the Single European Market in 1992. By getting rid of barriers, by making it possible for companies to operate on a European scale, we can best compete with the United States, Japan and other new economic powers emerging in Asia and elsewhere.
And that means action to free markets, action to widen choice, action to reduce government intervention.
Our aim should not be more and more detailed regulation from the centre: it should be to deregulate and to remove the constraints on trade.
Britain has been in the lead in opening its markets to others [...]
Of course, we want to make it easier for goods to pass through frontiers.
Of course, we must make it easier for people to travel throughout the Community.
But it is a matter of plain common sense that we cannot totally abolish frontier controls if we are also to protect our citizens from crime and stop the movement of drugs, of terrorists and of illegal immigrants [...]
And before I leave the subject of a single market, may I say that we certainly do not need new regulations which raise the cost of employment and make Europe's labour market less flexible and less competitive with overseas suppliers.'