“We are spending 6 per cent more than we are earning... You can also bankrupt a nation by excessive wage demands... That is why I said that it is better to have a lower standard of life for all workers than for some of them to be unemployed.”

—  Denis Healey

1970s
Source: Remarks to the Liaison Committee with the Trades Union Congress at Congress House (20 January 1975), quoted in Barbara Castle, The Castle Diaries, 1974–76 (1980), pp. 284-285

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

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