A leader has to appear consistent. That doesn't mean he has to be consistent. - James Callaghan

We have had a tremendous battle over the past 12 months. Sterling is safe. That battle is won.

Now that the House of Commons has declared itself, we shall take our case to the country.

The cosy world we were told would go on for ever, where full employment would be guaranteed by a stroke of the Chancellor's pen, cutting taxes, deficit spending – that cosy world is gone. Yesterday, delegates pointed to the first sorry fruits: a high rate of unemployment. ... When we reject unemployment as an economic instrument — as we do — and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats. This is true in a mixed economy under a Labour Government as it is under capitalism or under communism. It is an absolute fact of life which no Government, be it left or right, can alter.