If we continue to use industrial resources for other purposes – defence, housing, etc. – thus preventing the diversion of resources to export work, the [exchange] rate will continue to fall. ... the basic idea of internal stability of prices and employment, which had dominated economic policy for so long will not be maintainable. It will not be possible to maintain stable internal prices and wages; it will not be possible to avoid unemployment. There will be a continuous process of change and readjustment and much of this will be painful.
British politician (1902–1982)
Richard Austen Butler, Baron Butler of Saffron Walden, KG, CH, DL, PC (9 December 1902 – 8 March 1982), also known as R. A. Butler, was a British Conservative politician. Butler was passed over twice as a potential Prime Minister, but did serve in the other three Great Offices of State (Chancellor of the Exchequer, Home Secretary and Foreign Secretary).
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The more effective our own action to deal with our balance of payments deficit, the higher will be the [exchange] rate [of sterling], and the lower the cost of living. On the other hand, if we fail to deal with our internal problems effectively, and fail to organise the economy in a way which releases sufficient resources for exports, the rate will fall and the cost of living will rise accordingly. ... When we had gold reserves (and American aid) to take the impact of our balance of payments deficit, it was possible to insulate the economy from the failure to pay its way. This is no longer possible, and failure to pay our way will be felt by every family in the country in a rise in the cost of living.
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If the Socialist Party is prepared to make friends with Russia, which is a dictatorship with which no Englishman can really agree, why can we not make friends with Italy and Germany? There are people saying Herr Hitler has broken his word. I tell you that the one bargain he has made with us, that the German Navy should be one third of the size of the British Navy, he has kept, and kept loyally.
I had derived from Bolingbroke an assurance that the majesty of the State might be used in the interests of the many, from Burke a belief in seeking patterns of improvement by balancing diverse interests, and from Disraeli an insistence that the two nations must become one. If my brand of Conservatism was unorthodox, I was committing heresy in remarkably good company.
What struck me at the League was the prestige in which our Government and our Prime Minister are held. What has struck hon. Members who have listened to this Debate is the fact that public opinion in the dictator countries has conceived a profound admiration for our Prime Minister and our country. Our country, therefore, is the country which is in a priceless position for securing the future of peace...It seems to me that we have two choices either to settle our differences with Germany by consultation, or to face the inevitability of a clash between the two systems of democracy and dictatorship. In considering this, I must emphatically give my opinion as one of the younger generation. War settles nothing, and I see no alternative to the policy upon which the Prime Minister has so courageously set himself—the construction of peace, with the aid which I have described. There is no other country which can achieve this, and I ask hon. and right hon. Gentlemen opposite sincerely to believe that in our efforts to understand, to consult with and, if possible, to get friendship with Germany, we do not abandon by one jot or tittle the democratic beliefs which are the very core of our whole being and system. In conclusion, I must gratify the right hon. Gentleman the Member for Wakefield by quoting Shakespeare. The right hon. Gentleman will remember the little poem "Under the Greenwood Tree"—"Here shall he see" "No enemy," "But winter and rough weather". We have the winter before us, and we have a great deal of political rough weather, but in that rough weather, do not let us forget the joint idea of peace which animates us all.
Many a time I have sat in the jungle in Central India watching a bait, in the form of a bullock or calf tied to a tree, awaiting the arrival of the lord of the forest, and put there as a trap to entice him to his doom. On this occasion, I have exactly the same feelings as those of the miserable animal whom I have so often looked upon in that position, and, if I compare myself to that bait, I may compare my right hon. Friend the Member for Epping (Mr. Churchill) to the tiger. I hope that hon. Members and the right hon. Gentleman himself will remember, however, that there is waiting for the tiger a pair of lynx eyes and a sure and safe rifle to ensure his ultimate fate.
Tories and others set about the task of dealing with the social consequences of the Industrial Revolution by calling upon the power of Government to redress injustice...[The State] assumed the functions of protecting the common interest and safeguarding the interests of the weaker members of society.
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In the past three years we have burned our identity cards, torn up our ration books, halved the number of snoopers, decimated the number of forms and said good riddance to nearly two-thirds of the remaining wartime regulations. This is the march to freedom on which we are bound. And the pace must quicken as we go forward...Within the limits of law and social justice, our aim is freedom for every man and woman to live their own lives in their own way and not have their lives lived for them by an overweening State.
We should emerge from the rearmament period with inadequate reserves, with no assurance of further U.S. aid, with our export markets reduced, with a continuous and possibly increased claim on our resources for defence, with German and Japanese competition at full blast and finally, with industrial efficiency in a relatively worse position compared with the United States than it is now.
I do not believe that unless you can persuade parents that the family should still remain the unit in which discipline is applied, you will never get a conquest of the crime wave. ... We have created a better and happier state from the material point of view, but, at the same time, there is no doubt that the younger generation, especially just before leaving school, and between the ages of 17 and 19, are much more unruly than is right in a modern, civilized society.