Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece o… - Roy Jenkins
" "Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece of economic analysis than the view that we should accept inflation to avoid unemployment. Inflation today, so far from being an alternative to unemployment, is its main cause. If our rate of cost increase is allowed to continue close to twice that of the average for the developed world it will increasingly price us out of world markets. Employers...will have to restrict their activities and still more their labour force in response to mounting and uncontainable wage and salary bills.
English
Collect this quote
About Roy Jenkins
Roy Harris Jenkins, Baron Jenkins of Hillhead OM PC (11 November 1920 – 5 January 2003) was a British politician who served as the sixth president of the European Commission from 1977 to 1981, having previously been one of the primary proponents of British entry into the European Economic Community. At various times a Member of Parliament (MP) for the Labour Party, Social Democratic Party (SDP) and the Liberal Democrats, he was Chancellor of the Exchequer and Home Secretary under the Wilson and Callaghan Governments. He initially identified as a democratic socialist, and later as a social democrat and centrist. As Chancellor of the Exchequer, he pursued a tight fiscal policy to control the inflation of the pound sterling. As Home Secretary, he was responsible for abolishing capital punishment and decriminalizing abortion, homosexuality, and divorce. He ran in the 1976 Labour Party leadership election to become Prime Minister, but was defeated by James Callaghan and briefly retired from British politics to serve as President of the European Commission. He returned to Britain to help found the Social Democratic Party, which formed an alliance with the Liberal Party under David Steel and was intended as a centrist alternative to the Conservative Party under Margaret Thatcher and the Labour Party under Michael Foot. However, he resigned as Party Leader after the SDP-Liberal Alliance failed to outpoll the Labour Party in the 1983 general election.
Also Known As
Birth Name:
Roy Harris Jenkins
Alternative Names:
Baron Jenkins of Hillhead
•
Lord Jenkins of Hillhead
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Roy Jenkins
In spite of half a century of effort, our society—and still more our world—is still disfigured by gross unfairness. ... Concern is indivisible and so is selfishness. A society which says 'to hell with famine and disease in Bangladesh, it's all their own fault, isn't it?' is extremely unlikely to balance this with compassion and justice for its own pensioners and its own low-paid.
[A]lmost without a struggle, we have just witnessed a major lurch to the left in policy-making. The supreme authority of the Labour Party committed itself nine days ago to...a near neutralist and unilateralist position, which would make meaningless our continued membership of NATO...a commitment to practical non-cooperation with the European Community, leading in all likelihood to a firm proposal for complete withdrawal...a massive further extension of the public sector, despite the manifold unsolved problems which beset our nationalised industries, and mounting evidence from all over the world that full-scale state ownership is more successful in producing tyranny than in producing goods. Capitalism has its crisis today, but so too does estate socialism. There is now no economic philosopher's stone. But more successful nations are those which embrace a mixed economy and follow it with some consistency of purpose, not forever changing the frontiers. What remains of the private sector is to have enterprise squeezed out of it by being subjected to a straightjacket far tighter than in any other democratic country in the world.
This is not by any stretch of the imagination a social democratic programme. Nor do I believe that it is the way to protect Britain's security, help the peace of the world, revitalise our economy, or represent the views of the great majority of moderate left voters.
Loading...