"We all know perfectly well why the Government are standing by their policy of the independent deterrent. The reason is simply prestige, keeping up with our nuclear neighbours. Frankly, we cannot do it. The Americans spend on research alone £2,500 million a year, which is half as much again as our total defence budget, and it is rising rapidly. We can only be a nuclear Power if we can afford the means to produce twenty or more alternative weapons as an assurance against the many which are certain to fail. Out of our resources, we were able to afford only one intercontinental ballistic missile, and that was Blue Streak. The failure of Blue Streak was the moment of truth for this country so far as the independent deterrent was concerned. To cling to the policy after that was...like the action of a rather pathetic sort of man who cannot afford a television and who cannot bring himself to admit the fact, so he puts up the aerial instead."
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