6
"The fact is that we have adjusted our defence commitments but we
still spend more on world defence than any other country except U.S. and
Russia per gross national product.
"At the same time as we have had to use these severe controls of
demand in the economy we have also been attacking the underlying causes
of the problems which have beset us since the end of the second world war
and perhaps earlier.
relations.
"We are endeavouring to change radically our policy towards labour
This has given rise to bitter antagonisms on the part of many.
"There is the need to change the attitudes and actions of both
management and trade unions in a way which will be more compatible with
the long term interests of industry and workers and also with the long
term growth of the economy.
"The Government's courage in tackling this problem is a measure
of our determination to put the economy right.
"Though the outlook for us now is as hard as it was during 1968,
it is certainly no harder. The whole of our policies require us to have
a strong economy.
11
Determination To Build Strong Economy
"We recognise the difficulties in doing so, but we have taken
and will continue to take those decisions which seem to us necessary if
we are to succeed. We are determined to do so,
"I have by implication, been critical of some of our past attitudes,
for nobody who knows what the British people are capable of can fail to be
sad at our economic difficulties since the war,
"But of course knowing the British people there is a brighter side.
particularly the young managers
The abilities of our younger generation
/of
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