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" "[Macmillan] said that another round of wage increases such as there had been in the past two years could be disastrous... Such increases would not bring any benefit to anyone. They would only benefit men in a particular industry if they were the only ones to get them. But they would not be. If one industry started, others would follow. No one would gain anything, except more and more paper money, which would buy less and less.
Maurice Harold Macmillan, 1st Earl of Stockton OM PC (10 February 1894 – 29 December 1986) was a British Conservative politician and publisher who served six years as Prime Minister (1957–1963). As Prime Minister, he worked to decolonize the British Empire in Africa and repair United Kingdom–United States relations after the Suez Crisis. He also led the Conservative Party to accept the post-war consensus of Keynesian economics and the welfare state. However, he was forced to resign by the Profumo affair and France's veto of British entry into the European Economic Community.
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It breaks my heart to see (I can't interfere or do anything at my age) what is happening in our country today – this terrible strike of the best men in the world, who beat the Kaiser's army and beat Hitler's army, and never gave in. Pointless, endless. We can't afford that kind of thing. And then this growing division which the noble Lord who has just spoken mentioned, of a comparatively prosperous south, and an ailing north and midlands. That can't go on.
So what did they do? They solemnly asked Parliament, not to approve or disapprove, but to 'take note' of our decision. Perhaps some of the older ones among you will remember that popular song: 'She didn't say "Yes", she didn't say "No". She didn't say "stay", she didn't say "go". She wanted to climb, but dreaded to fall, she bided her time and clung to the wall.'