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

I don't think that modesty is the outstanding characteristic of contemporary politics, do you?"

What I have in common with the right hon. Member for Cardiff, South-East (Mr. Callaghan) is that, undeniably, our generation came into Parliament because we were determined to prevent what happened in the 1930s from occurring again and to prevent a breakdown in the social structure and the political institutions that led to the rise of authoritarianism in Europe and finally to the Second World War. That was our determination, and for 25 years, from 1950 to 1975, the people we represented had a better standard of living, bigger and better homes, better education, a better Health Service, better roads and better transport and were able to enjoy holidays such as they had not envisaged before.

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