Hugh Gaitskell: Increase

“In recent years, hours of work have been reduced, holidays have been increased, the age of entry into employment has gone up, and above all, our general health and expectation of life as a people have markedly improved. It is a natural corollary of these changes that we should work longer and retire later.”

Hugh Gaitskell

Speech https://api.parliament.uk/historic-hansard/commons/1951/apr/10/social-insurance-and-assistance#column_849 in the House of Commons (10 April 1951) introducing the 1951 budget

Life , People , Health , Age

“You can be assured of this. There will be no increase in the standard or other rates of income tax under the Labour Government so long as normal peacetime conditions continue.”

Hugh Gaitskell

Speech in Newcastle (28 September 1959) during the general election campaign, quoted in The Times (29 September 1959), p. 10
Leader of the Labour Party

“Conditions have greatly changed in Great Britain since the end of the war owing to the existence of full employment. Negotiations about wages between the two sides of industry now take place in entirely different circumstances. There is no reserve of labour to compete for jobs. … If wages rise faster than productivity the increases in cost can usually be passed on in increased selling prices. There is thus in the economic system very much less check on the upward movement of money wages. …if wages at home rise unchecked, it is more likely in general that exports will gradually cease to be competitive and there will be balance of payments difficulties. These can be met, in the end, by devaluation. A succession of devaluations completely undermines confidence in any currency. … It is clear that a very difficult problem faces a country such as ours, which wishes to maintain full employment and yet to avoid the undoubted evils of rising prices and balance of payments difficulties abroad.”

Hugh Gaitskell

Memorandum, 'Wages and Prices and Full Employment' (1 December 1950), quoted in Correlli Barnett, The Lost Victory: British Dreams, British Realities: 1945–1950 (London: Pan, 1996), pp. 350–352
Chancellor of the Exchequer

Money , Home , Confidence , Country