Why do I—the original advocate of realignment on the Left—object to the Lib-Lab pact? Precisely because I do not think it will lead to realignment. F… - Jo Grimond

We should not delude ourselves into thinking that an incomes policy is other than a serious infringement of freedom...Nor have the Liberals explained how it is to be worked, and even if they had, it is certainly not a permanent answer to our economic troubles...At present, the Liberal-Social Democratic Alliance occasionally looks too much like a half-way house on the old road to state socialism. It will spend more than the Tories but rather less than Labour...Such compromises may win votes, but they will not improve the country.

10 per cent inflation is not heaven and the factors are all still there to push it up much further next year. Nor has the Government any policy adequate to deal with unemployment. It is not capitalism that is in crisis. It is Socialism that is in collapse. The faith has vanished. The principles are shattered. It won't do for Liberals merely to say they will put on the brakes. Even if you slow down the Gadarene swine, they will go over the precipice eventually.

The root objection to the pact is the nature of the Labour Party. It is not liberal. It is not becoming more liberal. The social democrats remain ineffective, or sneak off, after preaching equality to everyone else, to some of the highest-paid jobs open to the British. As a final spectacle of degradation, they are to be seen intimidating the Grunwick workers...The Labour Party remains without principle, clinging to office, paid by the trades unions, and with an anti-democratic Marxist wing. The pact, I fear, is having no effect on the nature of that party.