I was interested in being present for its first, and I trust only, performance. - Edward Heath

[W]e must recognise a new threat to the peace of the nations, indeed to the very fabric of society. We have seen in the last few years the growth of a cult of political violence, preached and practised not so much between states as within them. It is a sombre thought but it may be that in the 1970s civil war, not war between nations, will be the main danger we will face.

I am sure that entering the exchange rate mechanism was absolutely right and is still right. I regret that we did not do so five years earlier, but that is history. Economic monetary union must come as soon as possible, and with it the single currency. Industry wants the single currency, and we must pay attention to the requests and demands of industry.

Government, management and unions...have now...jointly embarked for the first time in Britain, on the path of working out together how to create and share the nation's wealth for the benefit of all the people. It is an offer to employers and unions to share fully with the Government the benefits and the obligations involved in running the national economy.