First Quote Added
April 10, 2026
Latest Quote Added
"Economically and politically, Britain can get along with double digit unemployment."
"The successful sale of British Telecom...reveals a vast and untapped yearning among ordinary people for a direct stake in the ownership of British enterprise. Investment in shares has begun to take its place, with ownership of a home and either a bank or building society deposit, as a way for ordinary people to participate in enterprise and wealth creation. We are seeing the birth of people's capitalism."
"No industry should remain under State ownership unless there is a positive and overwhelming case for it so doing. Inertia is not enough. As a nation, we simply cannot afford it."
"The Conservative Party has never believed that the business of government is the government of business."
"The time has come for a wholly new approach to economic policy in Britain. The overriding need is for a long-term stabilisation programme to defeat inflation, recreate business confidence and provide a favourable climate for economic growth. At the head of such a programme must lie a firm commitment to a steady and gradual reduction in the rate of growth of the money supply, until it is consistent with our best guess at a potentially sustainable rate of economic growth. Only in this way can inflation be wrung out of the system. But this alone is not enough... An equally important part of a long term stabilisation plan has to be a reduction in the present Budget deficit... Indeed, something akin...to the old balanced Budget discipline needs to be restored: the secret of practical economic success, as overseas experience confirms, is the acceptance of known rules. Rules rule: OK?"
"A national currency lies at the very heart of national sovereignty. A common currency is something that can only properly follow political union: it cannot precede it. It is significant that whereas the Zollverein or customs union paved the way to the German Federation a century ago, it was only after Prussia and Bismarck had achieved a political union, with blood and iron, that a common German currency could be born."
"Today 'nationalism' is out of fashion among the opinion-formers. Thanks to a superficial misreading of history, it is accused of having been responsible for two world wars and has widely come to be regarded as a political sin of the first magnitude, fortunately found only in such antiquated and obsolete figures as General de Gaulle. In fact the real danger comes from ideologies not nationalism; for while a nation may properly respect the nationhood of others, an ideology knows no frontiers... Once [the Tories] lose their claim to be, in the fullest sense, the 'national party', they are left, as they are in danger of being left today, either as the party of the 'individual' – a noble but to most people an austere and forbidding creed – or else as the party of the middle classes, which condemns them to a permanent minority."
"I also said, 'You're in a dreadful position with wages going up at 8.4 per cent or more and inflation only by 3.5 per cent. We're pricing ourselves out of all the markets'. He [Lawson] said, 'Yes but it's very good electorally', to which I said, 'Yes but that's not the right view to take in the long run for the country'."
"I made Nigel Lawson Chancellor of the Exchequer – an enormous and to most people unexpected promotion. Whatever quarrels we were to have later, if it comes to drawing up a list of Conservative – even Thatcherite – revolutionaries I would never deny Nigel a leading place on it. He has many qualities which I admire and some which I do not. He is imaginative, fearless and – on paper at least – eloquently persuasive... I had by now come to share Nigel's high opinion of himself."
"Something always goes wrong when Nigel goes abroad."
"It was in the autumn of 1983...[that Lawson] replied, when I asked how he would wish to be remembered, that he would like to be seen as 'the British Erhard' – a reference to the man credited with the West German 'growth miracle' after the war."
"The combined efforts of Government policy since 1979 have been not to improve but substantially to worsen our competitive position. We have gone from a huge manufacturing surplus of £5.5 billion in 1980 to a 1986 third quarter deficit of £8 billion a year... Even with oil production continuing for some time, the current account has gone from a £3 billion surplus to a deficit predicted by the Chancellor of £1.5 billion... Sadly, the Government's great contribution, having refused to stimulate the economy by more respectable means, is a roaring consumer boom, which there is not the slightest chance of their moderating before an election. A roaring consumer boom does not, to any significant extent, mean more employment. In our competitive position, worsening under the Government, it means overwhelmingly higher imports, a still worse balance of payments position and a classic path to perdition. To have produced, after seven and a half years, the combination of total monetary muddle, a worsened competitive position, a widespread doubt in other countries as to how we are to pay our way in the future, a desperately vulnerable currency and the prospect of an unending plateau of the highest unemployment in a major country in the industrialised world is a unique achievement over which the Chancellor is an appropriate deputy acting presiding officer."
"Nigel Lawson was certainly, in so far as anyone can be qualified in advance, the best qualified Chancellor of the postwar epoch. His memoirs are an outstanding record of life at the Treasury in the 1980s."
"While the strength of demand in the British economy should have elicited higher interest rates from early 1987 onwards, Lawson was so fixated with his DM-shadowing policy that he not only refused to raise rates but actually cut them, first in October 1987 and then again in February and March 1987... By the early spring of 1988, Mrs Thatcher was growing increasingly worried about Lawson's attempts to hold sterling down. A row erupted in March, when the Prime Minister rightly criticized Lawson's intervention tactics, saying at Prime Minister's Question Time in the Commons that "you can't buck the market." With the weight of foreign buying growing ever greater, and his Prime Minister by now very much alive to the problem, a reluctant Lawson was forced to call a halt to intervention. Sterling surged through the top range of DM2.90 to DM3.00 that he had imposed. In mid-May, in an effort to stem the rise in the pound without again resorting to intervention, the Chancellor cut interest rates one last time (the Labour Party, one should not forget, was pressing for even bigger cuts). But even Lawson could no longer ignore the mounting evidence of inflationary pressure (in the form of rapid increases in demand and output, in house prices and – as unemployment fell very rapidly – in wages and labour costs). Having reduced interest rates to 7.5% in mid-May to restrain sterling, at the end of May he raised them to restrain inflation, apparently unwilling to recognize that the inflationary pressure was the result of his DM-shadowing policy. Sir Alan Walters, in a radio interview, presciently remarked that the Chancellor, by having delayed far too long in tightening policy, had condemned Britain to much bigger increases in interest rates in the future."
"The National Health Service is the closest thing the English have to a religion, with those who practice in it regarding themselves as a priesthood."
"To govern is to choose. To appear to be unable to choose is to appear to be unable to govern."
"Economic and monetary union...is incompatible with independent sovereign states with control over their own fiscal and monetary policies. It would be impossible...to have irrevocably fixed exchange rates while individual countries retained independent monetary policies...such a system could never have the credibility necessary to persuade the market that there was no risk of realignment. Thus EMU inevitably implies a single European currency, with monetary decisions...taken not by national Governments and/or central banks, but by a European Central Bank. Nor would individual countries be able to retain responsibility for fiscal policy. With a single European monetary policy there would need to be central control over the size of budget deficits and, particularly, over their financing. New European institutions would be required, to determine overall Community fiscal policy and agree the distribution of deficits between individual Member States... It is clear that Economic and Monetary Union implies nothing less than European Government...and political union: the United States of Europe. That is simply not on the agenda now, nor will it be for the foreseeable future."
"The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit...people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less...coming on top of a massive income investment boom, it's all been just a bit too much of a good thing."
"Our achievement...has been to show that you can build far greater, and far more lasting, prosperity by letting people co-operate in the freedom of the market place than by making them submit to the coercion of Government regulations and state bureaucracy. If you look around the world today, East and West, even in Soviet Russia and Communist China, you will see that lesson being taken to heart... The truth is that a prosperous world based on free and open markets is a world of co-operation and interdependence between the people of all nations. By contrast, a world of closed, State controlled economies is a world disposed towards confrontation and conflict."
"Even the victor in a just cause is susceptible to the passions which war arouses. Every inhuman feeling is at once exacerbated. Truth, decency, morality, justice are the first casualties in any war. The accumulated effect makes a just settlement impossible. ... The pacifist treasures justice, liberty; but he believes that they can only be lastingly secured by peaceable means and that the use of force will only contaminate them. ... Armaments themselves provide an independent cause of war owing to the suspicion and fear which they breed. ... Unilateral disarmament offers the only way to escape once the policy of collateral disarmament has failed."
"I know a fascist when I see one."
"We are paramountly concerned, like, I am sure, the bulk of the House—I am sure that the country is also concerned—about what we can do to protect those who rightly and naturally look to us for protection. So far, they have been betrayed. The responsibility for the betrayal rests with the Government. The Government must now prove by deeds—they will never be able to do it by words—that they are not responsible for the betrayal and cannot be faced with that charge. That is the charge, I believe, that lies against them. Even though the position and the circumstances of the people who live in the Falkland Islands are uppermost in our minds—it would be outrageous if that were not the case—there is the longer-term interest to ensure that foul and brutal aggression does not succeed in our world. If it does, there will be a danger not merely to the Falkland Islands, but to people all over this dangerous planet."
"The rights and the circumstances of the people in the Falkland Islands must be uppermost in our minds. There is no question in the Falkland Islands of any colonial dependence or anything of the sort. It is a question of people who wish to be associated with this country and who have built their whole lives on the basis of association with this country. We have a moral duty, a political duty and every other kind of duty to ensure that that is sustained. The people of the Falkland Islands have the absolute right to look to us at this moment of their desperate plight, just as they have looked to us over the past 150 years. They are faced with an act of naked, unqualified aggression, carried out in the most shameful and disreputable circumstances. Any guarantee from this invading force is utterly worthless—as worthless as any of the guarantees that are given by this same Argentine junta to its own people."
"She has no imagination and that means no compassion"
"Since the matter has been raised, may I say that the individual concerned is not an endorsed member of the Labour Party, and, so far as I am concerned, never will be endorsed? [Interruption.] May I add that, as the Labour Party has played the leading part in the establishment and sustenance of parliamentary democracy, we do not need any instructions on the matter from skin-deep democrats on the Conservative Benches or defectors on this side?"
"I first joined the Labour party in Liverpool because of what I saw of the poverty, the unemployment, and the endless infamies committed on the inhabitants of the back-streets of that city. I am horrified that the threat of unemployment and economic misery is now being deployed against the same kind of people once again."
"Most liberties have been won by people who broke the law"
"In my opinion, Marxism is a great creed of human liberation. It is the creed which says that when all other empires fade and vanish, our business is to enlarge the empire of the human mind"
"Men of power have not time to read; yet men who do not read are unfit for power"
"He was without any rival whatever, the first comic genius who ever installed himself in Downing Street"
"Of all the sights and sounds which attracted me on my first arrival to live in London in the mid-thirties, one combined operation left a lingering, individual spell. I naturally went to Hyde Park to hear the orators, the best of the many free entertainments on offer in the capital. I heard the purest milk of the world flowing, then as now, from the platform of the Socialist Party of Great Britain."
"If only my hon. Friend would conduct the novel experiment of listening with his ears instead of his voice, a whole new world would open to him."
"What is needed is a strong shift leftwards. This party in Parliament ought to start the process, and if it won't, the party conference will do it for them"
"What will once again be the choice at the next election? It will not be so dissimilar from the choice that the country had to make in 1945, or even in 1940 when the Labour Party had to come to the rescue of the country... It was on a motion of the Labour Party that the House of Commons threw out the Chamberlain Government in 1940. It was thanks to the Labour Party that Churchill had the chance to serve the country in the war years. Two-thirds of the Conservative Party at that time voted for the same reactionary policies as they will vote for tonight. It is sometimes in the most difficult and painful moments of our history that the country has turned to the Labour Party for salvation, and it has never turned in vain. We saved the country in 1940, and we did it again in 1945. We set out to rescue the country—or what was left of it—in 1974. Here again in 1979 we shall do the same."
"The Leader of the Liberal Party—and I say this with the utmost affection—has passed from rising hope to elder statesman without any intervening period whatsoever."
"It is not necessary that every time he rises he should give his famous imitation of a semi-house-trained polecat."
"You just want the Tories in, and then we will be in the Common Market for life. You, with your halo of martyrdom. I've been anti-Market longer than you."
"Few words in our language have been more sadly debased than the name 'Radical'. Once it could strike terror into the ranks of wealth and privilege. Now it has been purloined even by the palest and pinkest critics of current orthodoxy. A Radical nowadays may merely be one who can be distinguished by his respectability from a Socialist."
"The history of British Socialism cannot be written without constant reference to the Celts, and perhaps I may say in passing that this was one reason why I was so eager to see a Devolution Act passed through the House of Commons, to help keep the Celts within the United Kingdom. The blood of our Labour Movement cannot tingle properly without them, devolution or no devolution."
"There is nothing wrong with being a Marxist. Their point of view is essential to a democratic debate"
"It does so happen to be the case that if the freedom of the people of this country—and especially the rights of trade unionists—if those precious things in the past had been left to the good sense and fairmindedness of judges, we would have precious few freedoms in this country."
"[The constituency will be certain to return a socialist candidate] and this will help gain a socialist majority in the Commons and help Britain on the way to becoming a socialist republic."
"People must learn more and more that the strength of this country is the democratic power of the trade union movement"
"It's impossible to write the history of freedom in this country without telling how trade unions have contributed to it."
"I've been on the left of the Party since I joined it about 1934 and I haven't seen much reason for altering...I have always been a strong libertarian both inside the Labour Party and outside...what I want to seek to do over a period of course is to establish a Socialist society."
"The crisis afflicting this country, along with other countries of the Western world, is a crisis of capitalism. It is a crisis of the dominant economic system that prevails in all those countries."
"I am asking this movement to exert itself as it has never done before, to show the qualities which we have, the socialist imagination that exists in our movement, the readiness to reforge the alliance, stronger than ever, between the government and the trade unions, and above all to show the supreme quality in politics, the red flame of socialist courage."
"Whatever the outcome on June 5, historians looking back, and starting soon I believe, will be amazed that the British people were urged at such a time to tamper irreparably with their most precious institution; to see it circumscribed and contorted and elbowed off the centre of the stage... [W]e are assured that we shall be stronger...if we turn for salvation to institutions not our own, never devised to suit us, and not at all inspired from the sources which have so frequently given this country its renewal of democratic vigour. It is as if in 1940 we had set fire to the place, as Hitler did with his Reichstag. Instead, let it not be forgotten that what Parliament did in 1940 was effectively to throw out one government and put in another. Once we are snugly and irremovably in the Market, that effective power will have been cast away."
"The truth is that the dismemberment of the British Parliament, the calculated acquiescence in the decline in its authority deriving from entry into the EEC, has started. It will continue apace, until the British people call a halt... I believe it will be done sometime in some way when they discover how far-reaching and all-embracing is the anti-democratic counter-revolution involved in EEC membership."
"Parliament (by which I mean, of course, the elected House of Commons stripped of all irresponsible encumbrances) is the institution which has played the central, liberating role in our history ever since Cromwellian or even Elizabethan times; no comparable institution certainly has shaped so continuously the life and society of any Western European state. It is the authority of our distinctive Parliament which is one of the stakes in the choice now before the people."