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
" "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
The people must have confidence in their publicly-owned industries. Private industry must have the necessary confidence to maintain and increase investment to do their duty by the people. And confidence demands that a clear frontier must be defined between what is public and what is private industry.
The measures we have taken, the further measures we shall be taking in the coming weeks, will create the conditions in which these problems are going to be solved. I believe that our people will respond to this challenge because our history shows that they misjudge us who underrate our ability as a nation to move, and to move decisively when the need arises. They misjudged our temper after Dunkirk, but we so mobilized our latent and untapped strength that apparent defeat was turned into a great victory. I believe that the spirit of Dunkirk will once again carry us through to success.
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