A leader must have the courage to act against an expert's advice.

I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'.

We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.

I am rather in favour of dealing with teenage hooliganism.

Those who advocate devaluation are calling for a reduction in the wage levels and the real wage standards of every member of the working class.

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

Society today is so organised that every individual group has the power to disrupt it. How is their power to be channelled into constructive channels?