I was so very proud of my University when it declined not to award the customary honorary degree to Margaret Thatcher, after her damaging tenure of 10 Downing Street. She will always have the distinction of being the first Oxford-educated prime minister no to be so honoured. I trust that David Cameron will be the second, on the grounds that he gambled the long-term prospects of the UK and Europe in exchange for his continued occupancy of no 10.

It would have been a bad enough policy if he had won, whereas his defeat makes his decision seem even more foolhardy.