"The Government decided...to reduce the dollar exchange value of the pound sterling. In the last few days we have settled what the new rate should be and now I have to tell you of that decision; it is that in place of the present rate, fixed in 1946, of $4 3c. for the pound the rate will in future be $2 80c. to the pound."

“Our position is such that we could not 'integrate' our economy into that of Europe in any manner that would prejudice the full discharge of these other responsibilities. At the same time, Britain regarded herself as bound up in western Europe, not only in economic, strategic and political interests, but in our culture and indeed in our participation in the heritage of Christian civilization.”

“The National Government's only remedy for a difficult national problem was to arm and arm and arm, regardless of the lessons of history and the proved fact that armament racing could only end in war. ... If we are plunged in war I devoutly hope that the workers of this country will use it for the purpose of revolution. I hope that the present government can be made to understand that that will happen. It will be a very healthy thought for them to have in the back of their mind.”

“Though we have achieved considerable success in our policy of increasing production and maintaining full employment, this has been accompanied by constant pressure for higher wages resulting in higher prices. We have not yet found out how we can maintain full employment in combination with stable or decreasing costs and prices.”

“We must bring home to the people the seriousness of the country's present plight and the future problems that we face. We must convince them of their power to overcome all difficulties by common effort. We must draw out from people that courage and determination which have always been the hallmarks of the British character.”

“The problem of dealing with the armed forces of the Crown is the most difficult one we will have to face when we do get into power. The Labour Party will have to face the fact that it is a class Party...It has to be prepared to take steps more forceful than even the steps taken at the time of the Ulster Rebellion.”

“It must be the duty of the next Labour Government in power to make an immediate challenge to the capitalist system and take the banks and the land into the custody of the people. The time had come to drop all hesitancy and to be bold. If they returned a Socialist Government next time, it was going to "do things," whatever it cost.”