I find it increasingly difficult to take Mr Benn seriously as an economics minister. - Roy Jenkins

The combined efforts of Government policy since 1979 have been not to improve but substantially to worsen our competitive position. We have gone from a huge manufacturing surplus of £5.5 billion in 1980 to a 1986 third quarter deficit of £8 billion a year...Even with oil production continuing for some time, the current account has gone from a £3 billion surplus to a deficit predicted by the Chancellor of £1.5 billion...Sadly, the Government's great contribution, having refused to stimulate the economy by more respectable means, is a roaring consumer boom, which there is not the slightest chance of their moderating before an election. A roaring consumer boom does not, to any significant extent, mean more employment. In our competitive position, worsening under the Government, it means overwhelmingly higher imports, a still worse balance of payments position and a classic path to perdition. To have produced, after seven and a half years, the combination of total monetary muddle, a worsened competitive position, a widespread doubt in other countries as to how we are to pay our way in the future, a desperately vulnerable currency and the prospect of an unending plateau of the highest unemployment in a major country in the industrialised world is a unique achievement over which the Chancellor is an appropriate deputy acting presiding officer.

A rolling back of the frontiers of State surveillance is necessary. ... I have come to the conclusion that this side of MI5 has become more trouble than it is worth. It falls over its own feet too often. It arouses more suspicion and complaint than is justified by the results its achieves. ... On grounds of utility I would now close down the political side of its activities.

...we are a party dedicated to the rule of law and to parliamentary democracy. What the law says, even if we don't like it, is what we have to accept until we can change it by constitutional means. No one is entitled to be above the law. If we weaken on that principle we can say goodbye to democratic socialism, because what is sauce for the goose will be sauce for the gander, and there are plenty of right-wing elements who if given the excuse would gain momentum in defying future measures of social progress which they would not like. That is and will be my policy as long as I am at the Home Office.