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.
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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
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Additional quotes by Roy Jenkins
You also make sure that the state knows its place, not only in relation to the economy, but in relation to the citizen. You are in favour of the right of dissent and the liberty of private conduct. You are against unnecessary centralization and bureaucracy. You want to devolve decision-making wherever you sensibly can. You want parents in the school system, patients in the health service, residents in the neighbourhood, customers in both nationalized and private industry, to have as much say as possible. You want the nation to be self-confident and outward-looking, rather than insular, xenophobic and suspicious. You want the class system to fade without being replaced either by an aggressive and intolerant proletarianism or by the dominance of the brash and selfish values of a 'get rich quick' society. ... These are some of the objectives which I believe could be assisted by a strengthening of the radical centre.
If we are to get through the immense problems of the next few years we need to heal and not to deepen the wounds of the nation. That can, I believe, be done upon the basis of party government. ... But it cannot be done upon the basis of ignoring middle opinion and telling everyone who does not agree with you to go to hell.
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