Mr Sydney Bidwell: .... The movement is interested in beating inflation. That has been made absolutely clear. The argument is about the method to be adopted in beating inflation. I recall a cartoon that appeared in Ramsay MacDonald's time. It showed a ladder half-submerged in water, with the unemployed worker's nose just above the water level, a few rungs up the ladder. The middle-class were on rungs high and...
Lord Purvis of Tweed: ...have expected. I even had to get my dictionary out for the contribution from the noble Lord, Lord Kerr, and he has settled a niggle in my mind about whether he cut his teeth, as a young official, in Ramsay MacDonald’s Government. There is great reassurance now that he has confirmed that was not the case. I am on record in previous debates, as I will happily repeat today, for commending...