I would fight to change the policy before the General Election. If I failed then I wouldn't accept office in a Labour Government. - Denis Healey

Faced with the difficulties of unilateral reflation, some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world.

By the end of next year, we really shall be on our way to that so-called economic miracle we need.

[W]ho is the Mephistopheles behind this shabby Faust? The answer to that is clear. The handling of this decision by—I quote her own Back Benchers—the great she-elephant, she who must be obeyed, the Catherine the Great of Finchley, the Prime Minister herself, has drawn sympathetic trade unionists, such as Len Murray, into open revolt. Her pig-headed bigotry has prevented her closest colleagues and Sir Robert Armstrong from offering and accepting a compromise.
The right hon. Lady, for whom I have a great personal affection, has formidable qualities, a powerful intelligence and immense courage, but those qualities can turn into horrendous vices, unless they are moderated by colleagues who have more experience, understanding and sensitivity. As she has got rid of all those colleagues, no one is left in the Cabinet with both the courage and the ability to argue with her.
I put it to all Conservative Members, but mainly to the Government Front Bench, that to allow the right hon. Lady to commit Britain to another four years of capricious autocracy would be to do fearful damage not just to the Conservative party but to the state.