“We should emerge from the rearmament period with inadequate reserves, with no assurance of further U. S. aid, with our export markets reduced, with a continuous and possibly increased claim on our resources for defence, with German and Japanese competition at full blast and finally, with industrial efficiency in a relatively worse position compared with the United States than it is now.”

—  Rab Butler

Butler as Chancellor of the Exchequer (30 November 1951), quoted in Correlli Barnett, The Verdict of Peace. Britain Between Her Yesterday and the Future (Pan, 2002), p. 1.

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Rab Butler 18
British politician 1902–1982

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