Memoirists From The United Kingdom

"There had been times when he knew, somewhere in him, that he would get used to it, whatever it was, because he had learnt that some hard things became softer after a very little while."

"Then I lost it. Kinda lost it all, you know. Faith, dignity, about fifteen pounds."

"I’ve been thinking with my guts since I was fourteen years old, and, frankly, I think my guts have shit for brains."

"Where's the superficial? I was, and therefore am, dim, gloomy, a drag, unfashionable, unfanciable, and awkward. This doesn't seem like superficial to me. These aren't flesh wounds. These are life-threatening thrusts into the internal organs."

"As I get older, the tyranny that football exerts over my life, and therefore over the lives of the people around me, is less reasonable and less attractive."

"By the early seventies I had become an Englishman — that is to say, I hated England just as much as half my compatriots seemed to do."

"I fell in love with football as I was later to fall in love with women: suddenly, inexplicably, uncritically, giving no thought to the pain or disruption it would bring with it."

"Self-pity is an ignoble emotion, but we all feel it, and the orthodox critical line that it represents some kind of artistic flaw is dubious, a form of emotional correctness."

"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."

"We had to dispel the notion that the way to economic success lies through a sort of fiscal levitation. That was the abiding post-war delusion—that governments could spend and borrow their way to prosperity, and fine-tune the performance of the economy through something known pretentiously as demand management... It used to be an establishment nostrum that you need a budget deficit to get economic growth. That was the belief which lay behind the notorious letter by 364 economists in March 1981. We have given the lie to that, decisively. There can no longer be any argument about it. Everyone—or almost everyone—now accepts that the proper role of macro-economic policy is to keep downward pressure on inflation and to maintain a stable framework in which the private sector can expand."

"The policy that we have been pursuing has already brought economic success. This country is now experiencing an economic miracle, comparable in significance to that previously enjoyed by West Germany and still enjoyed by Japan."

"...it is already clear that the policies that we have been pursuing have brought about a profound cultural change in this country. That, indeed, is what it is all about. For that cultural change is the only route to the economic success that we all wish to see, and which is no longer promise but reality. No longer do people accept that economic policy should be about regulating everyone's lives and imposing penal tax rates, in the illusion that that will benefit those on lower incomes. Instead, it is now widely recognised except on the Opposition Benches that one cannot make the poor rich by making the rich poor and that there are enormous benefits in getting the state off people's backs, in transferring decision-making from the state to the people. And it is now abundantly clear that giving greater freedom and greater incentives has removed the shackles that have held back Britain for so many years and has liberated a great surge in enterprise."

"...this Budget represents a continuation of the policies which we have pursued consistently for nearly nine years, and which we will continue to pursue—a continuation of the steps that we have taken in nine previous Budgets, and of the major reforms that we have introduced in other fields, too, all of them designed to encourage and reward enterprise and so to liberate the energies of the British people. The tax changes in this Budget consolidate Britain's move from a high-tax country to a low-tax country, at all levels. Since 1979, the top rate of income tax has been cut from 83 per cent. to 40 per cent. The basic rate has been cut from 33 per cent. to 25 per cent. The corporation tax rate has been cut from 52 per cent. to 35 per cent. The small companies' rate has been cut from 42 per cent. to 25 per cent., and the 15 per cent. additional tax on savings income has been abolished altogether."

"But despite the undoubted success so far, there is still a barrier along Scotland's road to prosperity. That barrier is the pervasive presence of a hostile attitude to wealth creation, to the enterprise culture on which economic success in a free society depends. That is not to say there is no enterprise in Scotland: of course there is. Rather that it is frequently swamped by an overriding sense of dependence on the state. Large areas of Scottish life are sheltered from market forces, and exhibit the culture of dependence rather than that of enterprise."

"During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries in the world. During the 1980s, our annual rate of growth of output per head in manufacturing has been the highest of all the seven major industrial countries."

"It is worth recalling that during the 1960s, and again in the 1970s, Britain's growth rate was the lowest of all the major European economies. By contrast, during the 1980s, our growth rate has been the highest of all the major European economies. This greatly improved growth performance has been accompanied by falling inflation, which at 3½ per cent. in 1986 reached the lowest figure for almost 20 years."

"Nothing could be further from the truth than the claim that we have a choice between cutting tax and cutting unemployment, for the two go hand in hand. It is no accident that the two most successful economies in the world, both overall and specifically in terms of job creation—those of the United States and Japan—have the lowest level of tax as a proportion of GDP. Reductions in taxation motivate new businesses and improve incentives at work. They are a principal engine of the enterprise culture, on which our future prosperity and employment opportunities depend."

"It is here that Britain's weakness lies. The plain fact is that labour costs per unit of output in British business and industry continue to rise faster than is consistent with low unemployment and faster than our principal competitors overseas. Productivity is, certainly rising quite rapidly, but pay is rising faster still. It is this—and not our alleged dependence on oil—that constitutes the Achilles' heel of the British economy."

"The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures of money and the implications they may have for the future are welcome to do so. But at the end of the day the position is clear and unambiguous. The inflation rate is judge and jury."

"Those who, in the nineteenth century, argued the dangers of a mass democracy in which a majority of the voters would have no stake in the country at all, had reason to be fearful. But the remedy is not to restrict the franchise to those who own property: it is to extend the ownership of property to the largest possible majority of those who have the vote. The widespread ownership of private property is crucial to the survival of freedom and democracy. It gives the citizen a vital sense of identification with the society of which he is a part. It gives him a stake in the future—and indeed, equally important, in the present. It creates a society with an inbuilt resistance to revolutionary change."

"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."

"Faced with the alternative of saying goodbye to the gold standard, and therefore to his own employment, and goodbye to other people's employment, Mr. Churchill characteristically selected the latter course."

"The greatest comet of British politics in the twentieth century...an orator of the highest rank. He produced, almost unaided, a programme of economic reconstruction which surpassed anything offered by Lloyd George or, in the United States, by F. D. Roosevelt...He has continued fertile in ideas...A superb political thinker, the best of our age."

"The resignation of Sir Oswald Mosley did not come as a surprise... I doubt, indeed, if anybody would be able to work with Mosley unless he were prepared to meekly follow him... I never had any faith in the sincerity of Mosley's professions of Socialism. I was always suspicious of a rich man who came into the Socialist Movement and at once became more socialist than the Socialists... My views of Mosley's sincerity were very generally shared by the Labour members... It was felt that he was a man on the make, and was using the Labour Movement as an instrument for satisfying his ambition... If ever Mosley had the powers of a Hitler or a Mussolini he would be more ruthless and merciless, because weaker and vainer, than those two dictators."

"To Jo Grimond he epitomizes the aristocratic bully."

"Mosley was a disciple of Keynes in the 1920s; and Keynesianism was his great contribution to Fascism. It was Keynesianism which in the last resort made Mosley's Fascism distinctively English, though it was not an Englishness which most English pundits were then prepared to recognise, being as remote from the Keynesian thinking as they were from the problems which gave birth to it."

"Mosley’s British Union of Fascists (October 1932) won some important early converts, like Lord Rothermere, publisher of the mass-circulation London Daily Mail. Mosley’s movement aroused revulsion, however, when his black-shirted guards spotlighted and beat up opponents at a large public meeting at the Olympia expedition hall in London in June 1934. Hitler’s Night of the Long Knives, at the end of the same month, provoked the departure of 90 percent of the BUF’s fifty thousand members, including Lord Rothermere. At the end of 1934, Mosley took an actively anti-Semitic track and sent his Blackshirts to swagger through London’s East End, where they fought with Jews and Communists, building a new clientele among unskilled workers and struggling shopkeepers there. The Public Order Act, passed soon after the “Battle of Cable Street” with antifascists on October 4, 1936, outlawed political uniforms and deprived the BUF of its public spectacles, but it grew again to twenty thousand with a campaign against war in 1939. Mosley’s black shirts, violence, and overt sympathy for Mussolini and Hitler (he was married to Diana Mitford in Hitler’s presence at Munich in 1936) seemed alien to most people in Britain, and gradual economic revival after 1931 under the broadly accepted National Government, a coalition dominated by conservatives, left him little political space."

"Sir Oswald Mosley’s British Union of Fascists was one of the most interesting failures, not least because Mosley probably had the greatest intellectual gifts and the strongest social connections of all the fascist chiefs. As a promising junior minister of the Labour government of 1929, he put forward a bold plan in early 1930 to combat the Depression by making the empire a closed economic zone and by spending (into deficit, if need be) for job-creating public works and consumer credit. When the leaders of the Labour Party rebuffed these unorthodox proposals, Mosley resigned and formed his own New Party in 1931, taking a few left-wing Labour MPs with him. The New Party won no seats, however, in the parliamentary election of October 1931. A visit to Mussolini persuaded the frustrated Mosley that fascism was the wave of the future, and his own personal way forward."

"That consecrated combination of private interests and public plunders."

"One would have had to look a long time to find a man more barren of ideas than Sir Oswald Mosley. He was as hollow as a jug. Even the elementary fact that Fascism must not offend national sentiment had escaped him. His entire movement was imitated slavishly from abroad, the uniform and the party programme from Italy and the salute from Germany, with the Jew-baiting tacked on as an afterthought, Mosley having actually started his movement with Jews among his most prominent followers."

"I heard Mosley speak here on Sunday. It sickens one to see how easily a man of that type can win over and bamboozle a working class audience."

"He was the only English politician who might easily have become Prime Minister as Conservative, Liberal or Socialist."

"He is the only living Englishman who could perfectly well have been either Conservative or Labour Prime Minister."