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There are, I believe, two grounds for rejecting the EMS. The first is economic. It is based, I believe, upon a false analysis of the cause of inflati… - John Prescott
" "There are, I believe, two grounds for rejecting the EMS. The first is economic. It is based, I believe, upon a false analysis of the cause of inflation and the lack of growth, which are essential components in the creation of unemployment. The second ground is political. It is equally as important as the first, and is not simply a political aspect. Acceptance of the EMS is a first essential step towards economic and monetary union, which is at the heart of a federal Europe.
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About John Prescott
The Right Honourable John Leslie Prescott (31 May 1938 – 20 November 2024) was a British Labour Party politician who was Deputy Prime Minister of the United Kingdom and First Secretary of State from 1997 to 2007. He is notable for being a northern-accented Cabinet minister of working class origins and is well known for the mangled syntax that he often employed while speaking.
Also Known As
Alternative Names:
John Leslie Prescott
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Baron Prescott
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John Leslie Prescott, Baron Prescott
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Baron Prescott of Kingston upon Hull in the County of East Yorkshire
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Additional quotes by John Prescott
It is a fact that homelessness has continued to rise. It doubled under the previous Administration, but that does not help us. The Government intend to reduce — and probably eliminate — the homeless by 2008. [Interruption.] I am sorry, but the House knows that I have problems with English. I did not go to public school, so there is a limit to what I am able to say. Opposition Members can be such twits. We believe that we can eliminate the problem of homelessness by providing more resources, which is precisely what we are doing.
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