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" "The outlook had become still more threatening since the Pact of Munich. So far from that notorious surrender purchasing appeasement, it had encouraged the dictators to a greater display of insolence. ... Three years ago we discovered that our armaments in essentials for our defence had fallen far behind those of Germany, Italy, and Japan. It was a piece of criminal negligence. ... During the past two years the dictators had, through our lack of foresight, through the gross stupidity of our national leaders, cleverly but relentlessly succeeded in placing the British Empire and France in the most dangerous strategical position which they had ever been situated.
David Lloyd George (17 January 1863 – 26 March 1945) was a British politician, who served as Prime Minister of the United Kingdom from 1916 to 1922.
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We have had two Baldwin Governments... The mischief they have done not merely remains, but continues to spread. That terrible debt settlement—we are only now beginning to realise what it means. We were lassoed fast to American finance. What is the result? We have been dragged over the course by the wild horses of Wall Street. That gold standard settlement—premature, ill thought out. (A voice.—"No.") My friend there will never go into the new Jerusalem unless he is quite sure the golden gates are there and that the streets are really paved with the gold standard. (Laughter.) It is rather a mockery for our export trade to be kicked down the ladder, even with golden slippers. (Laughter.)