No country would suffer more than Britain from an international trade war, since we depend more on world trade than any of our competitors. That is w… - Denis Healey

I don't believe the party gains when a member of the last two Labour governments stumps round the country blackguarding the record of the governments as a betrayal of the British working class, and describing the Prime Ministers through whom he accepted office as medieval monarchs who turned Labour MPs into their puppets. What nonsense! Tell that to Eric Heffer or Jeff Rooker or any of the many Labour MPs who've made my life as Chancellor so difficult from time to time, and I never objected to that. No! Those who betray the working class of Britain are those who forced us for two whole years to fight one another when we should have been fighting the Tories and through a sort of ideological narcissism are helping to keep in power the most brutal government in living memory, a government which has commit itself to destroy our trade union movement. We didn't lose the last election because we failed to follow the advice of these elitists. It was Maggie Thatcher who won the last election, not Mick McGahey. And we're losing votes today not to the Socialist Workers Party or the IMG but to David Steel and Roy Jenkins.

The alternative to getting help from the IMF would be economic policies so savage I think they would produce riots in the streets, an immediate fall in living standards and unemployment of three million.

Do we really want to nationalise Marks and Spencers to make it as efficient as the Co-Op?