Denis Healey
British Labour politician and former Defence Secretary and Chancellor of the Exechequer.
We will put Polaris into the arms talks with the Soviet Union and hope to phase it out in multilateral negotiations...if the Russians … fail to cut their nuclear forces accordingly it would be a new situation that we could consider at that time.
Faced with the difficulties of unilateral reflation some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world.
The right hon. Gentleman will be known for ever as the only Chancellor in the post-war period who brought this country to the brink of bankruptcy.
We are all agreed on a massive extension of public ownership.
It has never been my nature, I regret to admit to the House, to turn the other cheek.
No Government can produce an economic miracle. An economic miracle depends on people on the shop floor, in the board room, in the sales office, working a bit harder and more efficiently than they have worked in the past.
I start with the measures which the Government announced last Thursday, and which are the immediate occasion of today's debate, and to which the right hon. Gentleman finally came round - a trifle nervously, I thought - after ploughing through that tedious and tendentious farrago of moth-eaten cuttings presented to him by the Conservative Research Department. I must say that part of his speech was rather like being savaged by a dead sheep.