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" "[Roy Jenkins] agreed with many of the criticisms levelled against the performance of private industry and he agreed that the country needed a sharp change. There was a case for a significant extension of public ownership. (Applause.) But public ownership must be related directly to the ordinary Labour voters and the potential Labour voters in their day to day lives, particularly in development areas, to inflation, housing, and land use. "It is no good taking over a vast number of industries without a clear plan as to how and by whom they are going to be run. It is no good pretending that a transfer of ownership in itself solves our problems."
Roy Harris Jenkins, Baron Jenkins of Hillhead OM PC (11 November 1920 – 5 January 2003) was a British politician who served as the sixth president of the European Commission from 1977 to 1981, having previously been one of the primary proponents of British entry into the European Economic Community. At various times a Member of Parliament (MP) for the Labour Party, Social Democratic Party (SDP) and the Liberal Democrats, he was Chancellor of the Exchequer and Home Secretary under the Wilson and Callaghan Governments. He initially identified as a democratic socialist, and later as a social democrat and centrist. As Chancellor of the Exchequer, he pursued a tight fiscal policy to control the inflation of the pound sterling. As Home Secretary, he was responsible for abolishing capital punishment and decriminalizing abortion, homosexuality, and divorce. He ran in the 1976 Labour Party leadership election to become Prime Minister, but was defeated by James Callaghan and briefly retired from British politics to serve as President of the European Commission. He returned to Britain to help found the Social Democratic Party, which formed an alliance with the Liberal Party under David Steel and was intended as a centrist alternative to the Conservative Party under Margaret Thatcher and the Labour Party under Michael Foot. However, he resigned as Party Leader after the SDP-Liberal Alliance failed to outpoll the Labour Party in the 1983 general election.
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We had our liberal hour, when we passed the Sexual Offences Act which stopped all homosexuals being criminals. I'm not ashamed of that. We mustn't slip back into illiberal attitudes. You see, there are two strands in the Labour Party. The libertarian strand and the authoritarian puritan strand. By and large, the libertarians have come with us and the others have stayed behind.
Our determination to ensure good community relations is unswerving. There is no room for racial hatred in our crowded island. We cannot afford not to make a success of a multi-racial society. A moving speech was made the other day in the other place by Lord Pitt, himself a distinguished citizen of London of West Indian origin. In that speech, he looked forward hopefully to a harmonious multiracial Britain setting an example to the world. He spoke on a high level of moral seriousness, but reminded us too that our self-interest is also served by racial harmony and tolerance. I agree with that view, and would share Lord Pitt's hope, but I do not see it as an easy or even a certain outcome, at any rate in this generation. Its accomplishment will depend on the minority community accepting that this country will not take, in Lord Pitt's own words, a "large and unending stream" of dependants, and on the majority community accepting that tolerance is one of the greatest and most traditional of British virtues and that if that tradition is broken we shall all of us suffer deeply, both minority and majority, and suffer for many years to come.
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Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece of economic analysis than the view that we should accept inflation to avoid unemployment. Inflation today, so far from being an alternative to unemployment, is its main cause. If our rate of cost increase is allowed to continue close to twice that of the average for the developed world it will increasingly price us out of world markets. Employers...will have to restrict their activities and still more their labour force in response to mounting and uncontainable wage and salary bills.