Mr Corbyn and his supporters treat as a triumph the fact that he lost a general election by less than was expected by us pundits. - Jeremy Corbyn

I have never been a supporter of or an apologist for Saddam Hussein. Indeed, I recall many lonely occasions in the House when I spoke against Saddam Hussein, his genocide against the Kurdish people and the way that the British Government were financing the re-arming of Iraq. Indeed, the chemical weapons being manufactured in Iraq largely comprise chemicals made in western Europe and north America. Some £1 billion was loaned to Saddam Hussein by British banks, with the agreement of the British Government. His power is largely the creation of western Europe and north America. I do not support him and I do not think that he was right to invade Kuwait...The only purpose of sending troops to the region is to defend and guarantee oil supplies. I find it difficult to accept that the United States is merely defending a small country against a larger country. If that were true, why were Grenada and Panama invaded? What was the Vietnam war about, other than a powerful United States wishing to extend its control and influence throughout the world? ...If the shooting starts and there is war in the Gulf, the retaking of Kuwait will not be a clean, clinical operation—it will be a filthy and long war with hundreds of thousands of dead, and at the end of that war there will still have to be negotiations on the future order and the future government of that area and those countries.

The Government's policies of controlling local authority spending, cutting National Health spending and promoting private medicine and care for the elderly are a return to the workhouse. The only difference is that it is a capitalist workhouse rather than a discreet workhouse stuck away in the hills outside the town...Care for the elderly is an important issue. It cannot be left to volunteers, charities or to people going out with collecting boxes to see that old people are looked after properly. The issue is central to our demands for a caring society. That means an end to the cuts and an end to the policy of attacking those authorities that try to care for the elderly. Instead, there should be support for and recognition of those demands. Elderly people deserve a little more than pats on the head from Conservative Members. They deserve more than the platitudinous nonsense talked about handing the meals on wheels service over to the WRVS or any other volunteer who cares to run it. Instead, there should be a recognition that those who have worked all their lives to create and provide the wealth that the rest of us enjoy deserve some dignity in retirement. They do not deserve poverty, or to be ignored in their retirement, having to live worrying whether to put on the gas fire, or boil the kettle for a cup of tea, or whether they can afford a television licence or a trip out. They should not have to wonder whether the home help who has looked after them so long will be able to continue. The issue is crucial. The motion says clearly that care for the elderly comes before the promotion of policies that merely increase the wealth of those who are already the wealthiest in our society.

My hon. Friend is right in saying that the Bank of England has often operated against the interests of Labour Governments. That is due to the mandarins who run it. If the hon. Gentleman has such doubts about the running of a bank which theoretically is state-owned and state-controlled, what influence does he think will be possible in the case of an independent central bank dedicated to a course of Euro-monetarism?