The time has come to speak out. Britain is now locked in a vicious spiralling interest rates... The net result of completing the vicious circle is th… - Edward Heath
" "The time has come to speak out. Britain is now locked in a vicious spiralling interest rates... The net result of completing the vicious circle is that prices have increased, the rate of inflation has gone up, the money supply has increased, unemployment has gone up, the rate of bankruptcies has increased, the industrial base has been further eroded, the Government's borrowing requirement has increased and as a result there is more pressure to raise interest rates yet again, to be followed inevitably by the same vicious circle. It is this that must be broken.
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About Edward Heath
Sir Edward Richard George Heath KG MBE (9 July 1916 – 17 July 2005) was a British politician who served as Prime Minister of the United Kingdom from 1970 to 1974 and Leader of the Conservative Party from 1965 to 1975. Heath also served for 51 years as a Member of Parliament from 1950 to 2001.
Also Known As
Alternative Names:
Teddy
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Ted Heath
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Sir Edward Richard George Heath
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Additional quotes by Edward Heath
Progress in these policies can only be brought about if a considerable degree of consensus exists within our country. I have heard some doubt expressed as to what consensus means... Consensus means deliberately setting out to achieve the widest possible measure of agreement about our national policies, in this particular case about our economic activities, in the pursuit of a better standard of living for our people and a happier and more prosperous country. If there be any doubt about the desirability of working towards such a consensus let us recognize that every successful industrialized country in the modern world has been working on such a basis.
That, although a century out of date, would certainly be a distinctive, different policy. But it would not be a Conservative policy and it would not provide a Conservative alternative. For better or worse the central Government is already responsible, in some way or another, for nearly half the activities of Britain. It is by far the biggest spender and the biggest employer.
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I am sure that entering the exchange rate mechanism was absolutely right and is still right. I regret that we did not do so five years earlier, but that is history. Economic monetary union must come as soon as possible, and with it the single currency. Industry wants the single currency, and we must pay attention to the requests and demands of industry.
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