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" "We have been building up, not dissipating, overseas assets. The question is whether, while so doing, we have been neglecting our investment at home and particularly that in the public services. There is no doubt, in my mind at any rate, about the ability of a low taxation market-oriented economy to produce consumer goods, even if an awful lot of them are imported, far better than any planned economy that ever was or probably ever can be invented. However, I am not convinced that such a society and economy, particularly if it is not infused with the civic optimism which was in many ways the true epitome of Victorian values, is equally good at protecting the environment or safeguarding health, schools, universities or Britain's scientific future. And if we are asked which is under greater threat in Britain today—the supply of consumer goods or the nexus of civilised public services—it would be difficult not to answer that it was the latter.
Roy Harris Jenkins, Baron Jenkins of Hillhead OM PC (11 November 1920 – 5 January 2003) was a British politician who served as the sixth president of the European Commission from 1977 to 1981, having previously been one of the primary proponents of British entry into the European Economic Community. At various times a Member of Parliament (MP) for the Labour Party, Social Democratic Party (SDP) and the Liberal Democrats, he was Chancellor of the Exchequer and Home Secretary under the Wilson and Callaghan Governments. He initially identified as a democratic socialist, and later as a social democrat and centrist. As Chancellor of the Exchequer, he pursued a tight fiscal policy to control the inflation of the pound sterling. As Home Secretary, he was responsible for abolishing capital punishment and decriminalizing abortion, homosexuality, and divorce. He ran in the 1976 Labour Party leadership election to become Prime Minister, but was defeated by James Callaghan and briefly retired from British politics to serve as President of the European Commission. He returned to Britain to help found the Social Democratic Party, which formed an alliance with the Liberal Party under David Steel and was intended as a centrist alternative to the Conservative Party under Margaret Thatcher and the Labour Party under Michael Foot. However, he resigned as Party Leader after the SDP-Liberal Alliance failed to outpoll the Labour Party in the 1983 general election.
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[Britain outside the EEC would go into] an old people's home for fading nations. I do not believe in premature senility, either for nations or for individuals. And I do not even think it would be a comfortable or agreeable old people's home. I do not much like the look of some of the prospective wardens. I do not think the food or heating supplies would be very secure. There would be nobody much to pay for renovations. Our old friends would not much want to come and see us (the axis of power would run increasingly from Washington to Bonn or Brussels). We would find it increasingly difficult to afford to go and see them; and even if we got there we might find ourselves greeted on the doorstep with more embarrassment than welcome.
My central belief is that there are only two coherent British attitudes to Europe. One is to participate fully in all the main activities of the Union and to endeavour to exercise as much influence and gain as much benefit as possible from inside. The other is to recognise that Britain's history, national psychology and political culture may be such that we can never be other than a foot-dragging and constantly complaining member. If so, it would be better, and certainly would produce less friction, to accept this and to move towards an orderly and, if possible, reasonably amicable withdrawal.
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Were we to leave [the EEC], the worst damage would be done to ourselves. But not only damage. Western unity, at a time of great international danger, is under greater strain than at any time since it was put together in the aftermath of the war a generation ago. Were we to start to disengage, the whole delicate but precious structure might begin to fall apart.