Monetarism is dead and the alien doctrines of Friedman and Hayek remain only to be buried. - Edward Heath

You will see that our strategy is clear. It is to reorganise the functions of Government, to leave more to individual or to corporate effort, to make savings in Government expenditure, to provide room for greater incentives to men and women and to firms and businesses. Our strategy is to encourage them more and more to take their own decisions, to stand on their own feet, to accept responsibility for themselves and for their families.

The end of the negotiations is a blow to the cause of the wider European unity for which we have been striving. We are a part of Europe, by geography, history, culture, tradition and civilization … There have been times in the history of Europe when it has been only too plain how European we are; and there have been many millions of people who have been grateful for it. I say to my colleagues: they should have no fear. We in Britain are not going to turn out backs on the mainland of Europe or the countries of the Community.

I regard Mr Benn as a menace to the country. He was guilty of sabotage last year when he rejected an offer of Community help with the readjustment necessary due to steel plant closures in Wales.