Traders and financiers all over the world had been listening to the Chancellor. For months he had said that if he could not stop the wage claims, the… - Harold Wilson

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Traders and financiers all over the world had been listening to the Chancellor. For months he had said that if he could not stop the wage claims, the country was "facing disaster". Those were his own words. Rightly or wrongly these people believed him. For them, 5th September—the day that the Trades Union Congress unanimously rejected the policy of wage restraint—marked the end of an era. And all these financiers, all the little gnomes in Zurich and the other financial centres about whom we keep on hearing, started to make their dispositions in regard to sterling.

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About Harold Wilson

James Harold Wilson, Baron Wilson of Rievaulx, KG, OBE, FRS, PC (11 March 1916 – 24 May 1995) was Prime Minister of the United Kingdom from 1964 to 1970, and again from 1974 to 1976. He had an impressive educational background, becoming an Oxford don at 21 and working as a war time civil servant; he was made a government minister immediately after he was elected to Parliament. As Leader of the Labour Party he moved the party towards a technocratic approach and appeared more in tune with the 'swinging sixties'; however his government was beset by economic difficulties and he was unexpectedly defeated in 1970. His return to office with a tiny majority in the mid-1970s saw a referendum which endorsed British membership of the European Communities. He resigned suddenly in 1976, and in his retirement suffered from Alzheimers' disease.

Also Known As

Native Name: James Harold Wilson
Alternative Names: James Harold Wilson, Baron Wilson of Rievaulx
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Additional quotes by Harold Wilson

This country cannot afford now—if it ever could afford—unofficial strikes, wasteful stoppages, long, weary arguments about industrial demarcation, any more than we can afford out-of-date industrial methods, industrial promotion based on influence and connexion rather than technical ability, or management attitudes which give a higher priority to tax avoidance or the earning of quick, uncovenanted capital profits than to modernization and innovation in industrial production methods, or aggressiveness in exports.

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We commemorate a man, a leader, who in the years of creation and achievement towered above his contemporaries in figure and manner, in voice and power, who worked and fought, and who suffered—as they all suffered who dared to preach socialism in an unreceptive and hostile age. He was a man who had vision, and dared all in those years to make that vision a reality; a man who inspired affection in his associates as in his own domestic circle, and who, daring all, created a lasting and durable political instrument which today 60 years after its first political success, provides the Government of this country and in so providing owes more than many are prepared to admit to the young Ramsay MacDonald.

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