“I am going to negotiate with the IMF on the basis of our existing policies, not changes in policies, and I need your support to do it. (Applause) But when I say "existing policies", I mean things we do not like as well as things we do like. It means sticking to the very painful cuts in public expenditure (shouts from the floor) on which the Government has already decided. It means sticking to a pay policy which enables us, as the TUC resolved a week or two ago, to continue the attack on inflation. (Shout of, "Resign".)”

—  Denis Healey

Speech at the Labour Party Conference (30 September 1976), quoted in Labour Party Annual Conference Report 1976, p. 319. Healey had been forced to abandon plans to attend an international finance ministers' conference in order to speak to the conference because of a run on the pound.
1970s

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Denis Healey 32
British Labour Party politician and Life peer 1917–2015

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