I conclude that we should make two things clear to the country. First, that we have no intention of abandoning public ownership and accepting for all… - Hugh Gaitskell

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I conclude that we should make two things clear to the country. First, that we have no intention of abandoning public ownership and accepting for all time the present frontiers of the public sector. Secondly, that we regard public ownership not as an end in itself but as a means—and not necessarily the only or the most important one to certain ends—such as full employment, greater equality and higher productivity. We do not aim to nationalise every private firm or to create an endless series of State monopolies. While we shall certainly wish to extend social ownership, in particular directions, as circumstances warrant, our goal is not 100% State ownership. Our goal is a society in which Socialist ideals are realised. Our job is to move towards this as fast as we can. The pace at which we can go depends on how quickly we can persuade our fellow citizens to back us. They will only do this if we pay proper attention to the kind of people they are and the kind of things they want.