How do you propose to deal with this twofold problem [of unemployment]? I give exactly the same answer as President Roosevelt gave Congress the other… - David Lloyd George

It was a dire alternative for a country to have a choice between tariff reform, which destroyed its industries, and Socialism and Communism, which destroyed the whole fabric upon which prosperity was based... It amounted to a choice of which they were going to cut—the carotid artery of foreign trade or the jugular vein of capital.

The [Conservative] Government seemed hopeless and confused and without purpose... Unfortunately, the men who ought to be awake were slumbering, and in their dreams they babbled incoherencies about good will and subsidies... There had never been a more pitiful exhibition than that made by the Prime Minister in the debate on unemployment.

I am fighting hard for peace. All the bankers and commercial people are begging us not to intervene. The Governor of the Bank of England said to me with tears in his eyes, “Keep us out of it. We shall all be ruined if we are dragged in!”