Harold Macmillan

1957 – 1963

Maurice Harold Macmillan, 1st Earl of Stockton OM PC (10 February 1894 – 29 December 1986) was a British Conservative politician and publisher who served six years as Prime Minister (1957–1963). As Prime Minister, he worked to decolonize the British Empire in Africa and repair United Kingdom–United States relations after the Suez Crisis. He also led the Conservative Party to accept the post-war consensus of Keynesian economics and the welfare state. However, he was forced to resign by the Profum

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"In the course of some ninety years, the wheel has certainly turned full circle. The Protectionist case, which seemed to most of our fathers and grandfathers so outrageous, even so wicked, has been re-stated and carried to victory. Free Trade, which was almost like a sacred dogma, is in its turn rejected and despised... [M]any acute and energetic minds in the ’forties “looked to the end.” They foresaw what seemed beyond the vision of their rivals—that after the period of expansion would come the period of over-production... Disraeli] perceived only too clearly the danger of sacrificing everything to speed. Had he lived now, he would not have been surprised. The development of the world on competitive rather than on complementary lines; the growth of economic nationalism; the problems involved in the increasing productivity of labour, both industrial and agricultural; the absence of any new and rapidly developing area offering sufficient attractive opportunities for investment; finally, the heavy ensuing burden of unemployment, in every part of the world—all these phenomena, so constantly in our minds as part of the conditions of crisis, would have seemed to the men of Manchester nothing but a hideous nightmare. Disraeli would have understood them. I think he would have expected them."

- Harold Macmillan

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"During the 1980s the most effective opposition to the principle of privatisation in fact came not from the Labour party, whose defence of the public sector seemed merely a reflex function of its backward-looking dependence on the trade unions, but from her [Margaret Thatcher's] own side. A single phrase in a characteristically nostalgic speech by Harold Macmillan did more damage to the idea of privatisation than all the outraged anathemas of Neil Kinnock and Roy Hattersley. Speaking to the Tory Reform Group at the Carlton Club in November 1985, the former Prime Minister was said to have likened privatisation to a once-wealthy family fallen on hard times "selling the family silver". In fact, as is so often the case with famous phrases, Macmillan never used the words reported. What he actually said was: "First the Georgian silver goes. And then all that nice furniture that used to be in the saloon. Then the Canalettos go..." Despite the remoteness from most voters' experience of the aristocratic world he conjured up, Macmillan's words touched a cord. Quite ordinary families have some inherited "family silver", little used but which they do not like to sell. The image of minsters like a lot of dodgy house-strippers, knocking down the nation's heirlooms at a cost well below their true worth subtly undermined Mrs Thatcher's carefully created reputation for thrifty housekeeping. In vain the Government's supporters retorted that the industries being sold off were not assets at all, but liabilities which the Treasury was well rid of."

- Harold Macmillan

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