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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.

We will unilaterally get rid of Trident and cruise, and 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.

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[Margaret Thatcher] wraps herself in the Union Jack and exploits the sacrifices of our soldiers, sailors and airmen in the Falkland Islands for purely party advantage – and hopes to get away with it. It wasn't a very credible approach from the word 'go' because this Prime Minister, who glories in slaughter, who has taken advantage of the superb professionalism of our armed forces, is at this very moment lending the military dictatorship in Buenos Aires millions of pounds to buy weapons – including weapons made in Britain – to kill British servicemen. That is an act of stupefying hypocrisy.

Nye [Bevan] thinks that the best way to win friends and influence people is to kick them in the teeth... But there is in the country and in the Party a great deal of real anti-Americanism and in my view it is a disgrace to Socialism and a menace to peace. A lot of it is just jingoism with an inferiority complex, trying to make foreigners a scapegoat for everything that goes wrong in this country. We are Socialists; we are supposed to believe...in the brotherhood of man, and we cannot say all men are brothers except Americans... I ask you to throw away the stale mythology of these political Peter Pans... We cannot solve the problems of foreign policy on a diet of rhetorical candy-floss.

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I am going to negotiate with the IMF on the basis of our existing policies, not changes in policies, and I need your support to do it. (Applause) But when I say "existing policies", I mean things we do not like as well as things we do like. It means sticking to the very painful cuts in public expenditure (shouts from the floor) on which the Government has already decided. It means sticking to a pay policy which enables us, as the TUC resolved a week or two ago, to continue the attack on inflation. (Shout of, "Resign".)

Our party can't be united unless it remains what it always has been till now: a broad coalition of men and women from all sections of our society, supporting many different approaches to democratic socialism, who tolerate their disagreements with one another, and defend the right of minorities to fight for changes in the policies they disagree with.