Denis Healey Quotes

Keynesianism has failed.

Faced with the difficulties of unilateral reflation, some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world.

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.

The trouble about Europe is what I call the Olive Line, the line below which people grow olives. North of the Olive Line people pay their taxes and spend public money very cautiously. South of it they fail to pay their taxes at all, but spend a lot of public money.

Do we really want to nationalise Marks and Spencers to make it as efficient as the Co-Op?

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".)

The Budget I have presented today is a hard one for all of us in Britain. It is dictated by the harsh reality of the world we live in. A severe Budget is a necessary element in any strategy for improving the overall performance of our economy, which has been lagging increasingly behind most industrial economies for more than a single generation. Added to the need for measures to produce the essential structural changes in the balance of our economy are the burdens we carry with other countries because the explosion of world prices has cut our real income by 4 per cent. But in this situation the key to our immediate success is the rate of inflation inside Britain, and it is our failure here which is responsible for the special severity of this Budget. So long as pay and prices increase at their present rates, no Chancellor of the Exchequer who puts his country first would act otherwise than I have done this afternoon.

NATO's nuclear strategy is an essential part of that balance [between East and West]. To threaten to upset it by refusing to let America base any of her nuclear weapons in Britain would make war more likely, not less likely.

By the end of next year, we really shall be on our way to that so-called economic miracle we need.

I fully understand why I have been urged by so many friends both inside and outside the House to treat unemployment as the central problem and to stimulate a further growth in home consumption, public or private, so as to start getting the rate of unemployment down as fast as possible. I do not believe it would be wise to follow this advice today. As I have said, I did last July and November adopt reflationary measures whose full effect would only be felt this year. I cannot afford to increase demand further today when 5p in every £ we spend at home has been provided by our creditors abroad and inflation is running at its current rate. I do not believe anyone in Britain would thank me for producing an even larger deficit on our balance of payments and injecting a further massive dose of inflation through price and wage increases. Moreover a Rake's Progress of this nature could not last for long. The patience of our creditors would soon be exhausted. We would then face the appalling prospect of going down in a matter of weeks to the levels of public services and personal living standards which we could finance entirely from what we earned. I do not believe that our political or social system could stand that strain.

He must be out of his tiny Chinese mind.

The upper classes in every country are selfish, depraved, dissolute and decadent. The struggle for socialism in Europe...has been hard, cruel, merciless and bloody. The penalty for participation in the liberation movement has been death for oneself, if caught, and, if not caught oneself, the burning of one's home and the death by torture of one's family. ... Remember that one of the prices paid for our survival during the war has been the death by bombardment of countless thousands of innocent European men and women.

It is far better that more people should be in work, even if that means accepting lower wages on average, than that those lucky enough to keep their jobs should scoop the pool while millions are living on the dole. That is what the social contract is all about.

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.

No country would suffer more than Britain from an international trade war, since we depend more on world trade than any of our competitors. That is why we cannot accept the proposal made in some quarters that we should seek to solve our problems through imposing import controls for a long period over a whole range of manufactured consumer goods.