[In the case of sterling devaluation was] neither necessary nor will it take place. - Stafford Cripps

The National Government's only remedy for a difficult national problem was to arm and arm and arm, regardless of the lessons of history and the proved fact that armament racing could only end in war. ... If we are plunged in war I devoutly hope that the workers of this country will use it for the purpose of revolution. I hope that the present government can be made to understand that that will happen. It will be a very healthy thought for them to have in the back of their mind.

I do not believe in private armies but if the Fascists started a private army it might be for the Socialist and Communist Parties to do the same. When the Labour Party come into power they must act rapidly, and it will be necessary to deal with the House of Lords and the influence of the City of London. There is no doubt that we shall have to overcome opposition from Buckingham Palace and other places as well...There must not be time to allow the forces outside to gather and to exercise their influence upon the Legislature before the key-points of capitalism have been transferred to the control of the State, and I look upon these two key-points myself as being the land and finance. If other people become revolutionary, then the Socialist Government, like any other Government, must take steps to stamp out the revolution. The Socialist Government must not be mealy-mouthed about saying what they mean. They must make it perfectly clear that it is their intention to carry out the mandate they have been given by the people.

But it is a fallacy, if one is examining the methods by which security can be attained, to start upon the assumption, as so many hon. Members do, that we get security by an increase of air armaments or an increase of any other form of armaments.