Well, actually, Maggie wanted to remove him (just like Winston Churchill wanted to remove Stalin) but we didn't have a UN mandate for it, and we foolishly abided by the UN.
Recently, it's been a case of, "Let's screw as many concessions out of the US as possible for our help." Turkey is the most obvious example here. Let's not even go into France and Germany.
Saddam was an evil man who supported terrorism - harbouring terrorists, and providing financial and material aid - and did not hesitate to use WMD. Previous policy towards him is irrelevant.