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You know, as I do, that we face two deep-seated problems, inflation and unemployment. Both of them are still too high. ... I have to emphasize to you… - James Callaghan
" "You know, as I do, that we face two deep-seated problems, inflation and unemployment. Both of them are still too high. ... I have to emphasize to you that if we fail to bring down inflation, we shall never succeed in overcoming unemployment. We cannot have a prosperous industry in this country if we are unable to sell our goods overseas. No one owes Britain a living, and may I say to you quite bluntly that despite the measures of the last 12 months, we are still not earning the standard of living we are enjoying. We are only keeping up our standards by borrowing, and this cannot go on indefinitely. There is no soft option. I do not promise you any real easement for some time to come. There can be no lasting improvement in your own living standards until we can achieve it without going deeper and deeper into debt as a nation.
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About James Callaghan
Leonard James Callaghan, Baron Callaghan of Cardiff (27 March 1912 – 26 March 2005), commonly known as Jim Callaghan, was a British politician who served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980. Callaghan is the only person to have held all four Great Offices of State, having served as Chancellor of the Exchequer from 1964 to 1967, Home Secretary from 1967 to 1970 and Foreign Secretary from 1974 to 1976. He was a Member of Parliament (MP) from 1945 to 1987.
Biography information from Wikiquote
Also Known As
Alternative Names:
Lord Callaghan
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Jim Callaghan
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Lord Callaghan of Cardiff
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James Callaghan, Baron Callaghan
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James, Baron Callaghan
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Leonard James Callaghan
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Leonard James, Baron Callaghan
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Additional quotes by James Callaghan
The power structure in Britain is changing. Authority is no longer obeyed for its own sake. There are severe limits on what government can do, so the way to win the battle against inflation and unemployment is not to try to dragoon the country. If we do we shall fail. We must secure its consent. We are playing for high stakes. In a real sense, adherence to the social contract puts on trial whether our society has the will and determination to solve its problems by democratic means.
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Our place in the world is shrinking: our economic comparisons grow worse, long-term political influence depends on economic strength – and that is running out. The country expects both full employment and an end to inflation. We cannot have both unless people restrain their demands. If the TUC guidelines [on pay] are not observed, we shall end up with wage controls once more and even a breakdown of democracy. Sometimes when I go to bed at night, I think that if I were a young man I would emigrate. But when I wake up in the morning, I ask myself whether there is any place else I would prefer to go.
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