Politicians From Wales

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April 10, 2026

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April 10, 2026

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"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."

- Roy Jenkins

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"There has been a lot of talk about the formation of a new centre party. Some have even been kind enough to suggest that I might lead it. I find this idea profoundly unattractive. I do so for at least four reasons. First, I do not believe that such a grouping would have any coherent philosophical base...A party based on such a rag-bag could stand for nothing positive. It would exploit grievances and fall apart when it sought to remedy them. I believe in exactly the reverse sort of politics...Second, I believe that the most likely effect of such an ill-considered grouping would be to destroy the prospect of an effective alternative government to the Conservatives...Some genuinely want a new, powerful anti-Conservative force. They would be wise to reflect that it is much easier to will this than to bring it about. The most likely result would be chaos on the left and several decades of Conservative hegemony almost as dismal and damaging as in the twenties and thirties. Third, I do not share the desire, at the root of much such thinking, to push what may roughly be called the leftward half of the Labour Party...out of the mainstream of British politics...Fourth, and more personally, I cannot be indifferent to the political traditions in which I was brought up and in which I have lived my political life. Politics are not to me a religion, but the Labour Party is and always had been an instinctive part of my life."

- Roy Jenkins

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