All government rests upon consent, and consent is not to be had without taking counsel with the most eminent or influential or representative of the … - Enoch Powell

We were dragged into folly by the Americans over Iran. We were dragged into folly by the Americans over Afghanistan. Neither national interest nor moral obligation requires us to be dragged by them into folly over Poland.

I am not of course suggesting that combination cannot force up the price of labour in a particular employment above the market level. What I am saying is that this advantage is demonstrably often more or less short-lived: indeed, in the inflationary conditions which we have experienced in the last twenty years, any such gain has been neutralised and obliterated exceptionally quickly. But wherever and as long as there is an advantage, it is always at the expense not only of the community at large but of other workers: of the community at large, because its pattern of production and consumption is thereby less satisfactory than it otherwise would be—the standard effect of all monopoly and restriction; of other workers, because the higher cost of labour in that employment reduces demand for it and results in workers either being unemployed or being employed less remuneratively than they otherwise would be.

It is a profound fallacy to suppose that there is anything to be regretted in a fall in the exchange rate. A fall in the exchange rate mirrors one or both of two things. It either mirrors a decline in our real terms of trade, or else, or also, it mirrors differential inflation in this country compared with inflation in the other countries with whose currencies we are comparing the exchange value of our own. On neither of those grounds is a fall, if there be a fall, in the exchange rate a sign that something is wrong with us or that the fall ought to be suppressed and forcibly reversed. If a fall in the exchange rate reflects a fall in the real terms of trade—if it really means that an item we are producing at the moment exchanges in Toronto or Timbuctoo for less than it formerly did—that is due to an alteration in the economic pattern of the world as a whole. The sooner and the more accurately we know about it, the sooner and the more accurately we shall adapt and alter our behaviour and productive efforts to fit those changes in the real world of which, in the end, we are the servants and not the masters, whether under a Labour Government or under any other sort of Government in this country.