[W]ho is the Mephistopheles behind this shabby Faust? The answer to that is clear. The handling of this decision by—I quote her own Back Benchers—the great she-elephant, she who must be obeyed, the Catherine the Great of Finchley, the Prime Minister herself, has drawn sympathetic trade unionists, such as Len Murray, into open revolt. Her pig-headed bigotry has prevented her closest colleagues and Sir Robert Armstrong from offering and accepting a compromise.
The right hon. Lady, for whom I have a great personal affection, has formidable qualities, a powerful intelligence and immense courage, but those qualities can turn into horrendous vices, unless they are moderated by colleagues who have more experience, understanding and sensitivity. As she has got rid of all those colleagues, no one is left in the Cabinet with both the courage and the ability to argue with her.
I put it to all Conservative Members, but mainly to the Government Front Bench, that to allow the right hon. Lady to commit Britain to another four years of capricious autocracy would be to do fearful damage not just to the Conservative party but to the state.
British politician (1917–2015)
Denis Winston Healey, Baron Healey PC (30 August 1917 – 3 October 2015) was a British Labour Party politician who served as Secretary of State for Defence from 1964 to 1970 and Chancellor of the Exchequer from 1974 to 1979. He was a Member of Parliament for 40 years (from 1952 until his retirement in 1992) and was the last surviving member of the cabinet formed by Harold Wilson after the Labour Party's victory in the 1964 general election.
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We are going through a period of uncertainty, but we are in a good position to strengthen ourselves and win back a majority. We have already got rid of much deadwood and Kinnock is winning back younger voters. He is politically intelligent, has character and courage; but he has never been a minister, lacks experience, and people know it. In troubled times, the electorate looks for a strong leader and Mrs Thatcher is seen as one.
The central problem of our economy for more than a generation has been that, although our productivity has grown more slowly than that of our competitors, we have seen annual wage increases of the same order as theirs. So our inflation has risen faster than in other countries and we have been able to maintain price competitiveness and full employment only by a series of devaluations which have further added to inflation and increased the pressure for excessive wage increases. In the era of North Sea oil it will be more difficult to devalue our currency to maintain price competitiveness. So unless we can keep wage increases close to the level of productivity increase we shall face rising unemployment and a further erosion of our industrial base.
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.