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The cost of living is going up while the chances of living are going down.

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The problems of hunger and food, unemployment, a growing and crushing price rise in the commodities needed for one’s day-to-day subsistence have naturally found angry expressions, sometimes violent expression in many parts of the country. Corruption and falling standard in administration and public life have added to their dimension.

Our taxes are too high, our wages are too high. Everything is too high.

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...we must recognise that the greatest threat to the cohesion of our society today is the still increasing rate of inflation. ... We are approaching a new threshold...which is a rate with which hardly any democratic system in the world has so far survived. ... No country can accept this rate of inflation for more than a very short period. ... Its effects will be unfair, divisive, unsettling and in the last resort destructive. ... No one will be able to plan ahead. The country will not for long put up with it. If we cannot solve it by tolerable and civilized methods, then someone within a few years will solve it by intolerable and uncivilized ones.

Inflation in Britain is at an unacceptable level. It is now mostly home-induced and wage-induced. It is moving well out of line with that of the rest of the world. If it goes on doing so it will ruin us as a nation, both economically and politically. It is of a different order from any of our other difficulties. It is, quite simply, our biggest menace since Hitler.

So [things have] gradually and gradually [gotten] worse and worse until the country is absolutely on the rocks now, and the people are suffering. And this is our hope, because so many people are suffering, have been persecuted and have been told "Get into line, or else", and they know what 'or else' means.

I think the fact that so many people are forced to live in apartments is bad for the country. The solution is more building, but the politicians have made it impossible to build. People don’t have as much interest in keeping an eye on government and politicians when they rent, instead of owning their own home.

You know, as I do, that we face two deep-seated problems, inflation and unemployment. Both of them are still too high. ... I have to emphasize to you that if we fail to bring down inflation, we shall never succeed in overcoming unemployment. We cannot have a prosperous industry in this country if we are unable to sell our goods overseas. No one owes Britain a living, and may I say to you quite bluntly that despite the measures of the last 12 months, we are still not earning the standard of living we are enjoying. We are only keeping up our standards by borrowing, and this cannot go on indefinitely. There is no soft option. I do not promise you any real easement for some time to come. There can be no lasting improvement in your own living standards until we can achieve it without going deeper and deeper into debt as a nation.

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