The term "planning" is a new word for coherent and positive policy. The conception of strong Government policy in economic matters is, I believe, the… - Rab Butler

We must understand that no party in the country can with success base itself on or identify itself with one social element or class. To be successful we have still to reorganize from top to bottom the social structure on which our party rests. We agree that in the modern world great extremes of poverty and wealth shall be replaced by an infinite variety of plenty.

You can imagine how lonely and sad I felt in Parliament, and indeed in the whole political world, when I knew that Mr Chamberlain had gone. I do not think that the party will ever be the same again. I looked upon him as the last leader of the organisation in the State which I joined very late in its life but which has been responsible for much of England's greatness.

There are great economic opportunities ahead of us. If we are sensible, we can have rising production and rising standards of living without constantly rising prices. Why should we not aim to double our standard of living in the next 20 years, and still have our money as valuable then as now? The faster we modernize and expand our productive capacity, the more we shall be able to increase the national wealth.