We can take a just pride in the great contribution to the common cause by all those who owe allegiance to the British Crown... In this great contest … - Clement Attlee

The Atlantic Treaty is not aggressive. It is purely defensive. Those who attack it as offensive do so from a bad conscience. They take just the same line as the Nazis did when every attempt by the nations to get together was denounced as the encirclement of Germany. We seek by the pact to gain for the nations a sense of security which they so ardently desire. We seek by the organization of security to make the world safe against aggression and by pooling of strength to reduce the burden of armaments.

During the war we had to stop producing the everyday things which we need in peacetime. We had to concentrate on war production and the bare necessities of existence. The natural result is that to-day we are short of the things which we need... You may ask why cannot we get what we want from abroad? The answer is that we can only get it if we can pay for it. Before the war many of the things which we got from abroad—food and raw material—were paid for by the interest on foreign investments, and by services rendered by us to people in other countries. During the war we had to sell our foreign investments to pay for the arms, food, and other things we needed. Apart from any temporary relief we may get by loans from our friends across the Atlantic, we can only buy from abroad now if we can pay by exporting goods or rendering services.

I think that some people over here imagine that the Socialists are out to destroy freedom, freedom of the individual, freedom of speech, freedom of religion, and the freedom of the Press. They are wrong; the Labour Party is in the tradition of freedom-loving movements which have always existed in our country, but freedom has to be striven for in every generation, and those who threaten it are not always the same. Sometimes the battle of freedom has had to be fought against kings, sometimes against religious tyranny, sometimes against the power of the owners of the land, sometimes against the overwhelming strength of the moneyed interests. We in the Labour Party declare that we are in line with those who fought for Magna Carta and habeas corpus, with the Pilgrim Fathers, and with the signatories of the Declaration of Independence.