I have said on many occasions, in Parliament and elsewhere, that I am not convinced that this [the restoration of corporal punishment for young offen… - Rab Butler

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 very centre of the Conservative tradition. We have never been a party of laissez-faire.

We should emerge from the rearmament period with inadequate reserves, with no assurance of further U.S. aid, with our export markets reduced, with a continuous and possibly increased claim on our resources for defence, with German and Japanese competition at full blast and finally, with industrial efficiency in a relatively worse position compared with the United States than it is now.

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.