We cannot accept that this is a little local matter within the control of South Africa's internal affairs. Oppression, apartheid, and racialism—those… - Harold Wilson

Traders and financiers all over the world had been listening to the Chancellor. For months he had said that if he could not stop the wage claims, the country was "facing disaster". Those were his own words. Rightly or wrongly these people believed him. For them, 5th September—the day that the Trades Union Congress unanimously rejected the policy of wage restraint—marked the end of an era. And all these financiers, all the little gnomes in Zurich and the other financial centres about whom we keep on hearing, started to make their dispositions in regard to sterling.

They [the Conservatives] cannot think beyond outmoded techniques of monetary regulation, followed by panic stop-go-stop measures, when bold planning for industrial expansion is called for. They cannot raise their eyes beyond a system of society where making money by whatever means is lauded as the highest service, while earning money by contributing to production and exports, or teaching or nursing is a mug's game. An Opportunity State for all our people? The Conservatives glory in one where the rewards go to land racketeers and property spivs, while the man who ventures his skill in scientific or technological advance, or in the chancy risks of export markets, is left out in the cold.

May I say, for the benefit of those who have been carried away by the gossip of the last few days, that I know what's going on. [pause] I'm going on, and the Labour government's going on.