[00:00.00]Mr Chairman,
[00:01.79]ladies and gentlemen,
[00:03.26]most of my cabinet colleagues
[00:06.44]have started of their speeches of reply
[00:09.82]by paying very well deserved tributes
[00:13.32]to their junior ministers.
[00:16.10]At Number 10,
[00:17.52]I have no junior ministers.
[00:21.16]There is just Denis and me,
[00:24.32]but I could not do without him.
[00:34.22]I am, however,
[00:35.74]very fortunate in having
[00:37.96]a marvellous deputy
[00:40.34]who is wonderful
[00:41.40]in all places
[00:42.62]at all times
[00:43.94]in all things
[00:45.10]Willie Whitelaw.
[00:53.55]At our party conference last year
[00:57.15]I said that the task
[00:59.07]on which the government was engaged
[01:01.54]to change the national attitude of mind,
[01:05.45]was the most challenging
[01:07.17]to face any British administration
[01:09.59]since the war.
[01:11.62]Challenge is exhilarating.
[01:14.91]This week we Conservatives
[01:16.91]have been taking stock,
[01:18.68]discussing the achievements,
[01:20.63]the setbacks and the work
[01:22.24]that lies ahead
[01:23.76]as we enter our second parliamentary year.
[01:28.17]As you said,
[01:28.83]Mr. Chairman,
[01:30.20]our debates have been stimulating
[01:31.89]and our CRIticism have been constructive.
[01:35.25]This week has demonstrated
[01:37.54]that we are a party united
[01:40.58]in purpose, strategy and resolve.
[01:53.27]And we actually like one another.
[02:03.23]When I am asked for a detailed forecast
[02:06.54]of what will happen
[02:07.61]in the coming months or years,
[02:10.64]I remember Sam Goldwyn's advice:
[02:13.68]Never prophesy,
[02:15.66]especially about the future.
[02:20.31](Interruption from the floor)
[02:21.92]Never mind,
[02:25.78]it is wet outside.
[02:26.38]I expect that they wanted to come in.
[02:38.66]You cannot blame them;
[02:40.59]it is always better where the Tories are.
[02:55.92]And you,
[02:57.38]and perhaps they,
[02:58.51]will be looking to me this afternoon
[03:00.74]for an indication of how the government
[03:03.27]sees the task before us
[03:05.36]and why we are tackling it
[03:06.52]the way we are.
[03:08.54]Before I begin,
[03:09.61]let me get one point out of the way.
[03:12.54]This week at Brighton
[03:13.91]we have heard a good deal
[03:15.24]about last week at Blackpool.
[03:17.81]I will have a little more to say
[03:19.54]about that strange assembly later,
[03:22.84]but for the moment I want to say just this.
[03:25.99]Because of what happened at that conference,
[03:29.39]there has been,
[03:30.75]behind all our deliberations this week,
[03:34.19]a heightened awareness that now,
[03:37.99]more than ever,
[03:38.94]our Conservative government must succeed.
[03:42.88]We just must,
[03:56.53]because there is even more at stake
[03:59.47]than some had realized.
[04:01.55]There are many things to be done
[04:03.21]to set this nation on the road to recovery,
[04:06.41]and I do not mean economic recovery alone,
[04:10.42]but a new independence of spirit
[04:13.61]and zest for achievement.
[04:16.59]It is sometimes said
[04:18.26]that because of our past,
[04:20.29]we, as a people,
[04:22.00]expect too much
[04:22.77]and set our sights too high.
[04:25.01]Mr. Chairman
[04:26.02]that is not the way I see it.
[04:28.05]Rather it seems to me
[04:29.89]that throughout my life in politics
[04:32.32]our ambitions have steadily shrunk.
[04:35.61]Our response to disappointment
[04:37.67]has not been to lengthen our stride
[04:41.77]but to shorten the distance to be covered.
[04:44.25]But with confidence in ourselves
[04:46.58]and in our future,
[04:48.41]what a nation we could be!
[04:59.05]In its first 17 months,
[05:01.07]this government
[05:01.73]has laid the foundations for recovery.
[05:05.01]We have undertaken
[05:05.97]a heavy load of legislation,
[05:07.70]a load we do not intend to repeat
[05:10.44]because we do not share
[05:12.52]the socialist fantasy
[05:14.02]that achievement is measured
[05:15.54]by the number of laws you pass.
[05:23.17]But there was a formidable barricade
[05:25.51]of obstacles that we had to sweep aside.
[05:28.54]For a start,
[05:29.90]in his first budget
[05:31.36]Geoffrey Howe began to rest incentives
[05:34.45]to stimulate the abilities
[05:36.43]and inventive genius of our people.
[05:39.27]Prosperity comes not from
[05:41.44]grand conferences of economists
[05:44.21]but by countless acts
[05:46.09]of personal self-confidence
[05:48.43]and self-reliance.
[05:51.41]Also under Geoffrey's leadership,
[05:54.39]Britain has repaid
[05:56.21]$3,600m of international debt,
[06:02.26]debt which had been run up
[06:03.83]by our predecessors.
[06:05.24]And we paid quite a lot of it
[06:06.97]before it was due.
[06:18.10]In the last 12 months
[06:20.45]Geoffrey has abolished exchange controls
[06:22.63]over which British governments
[06:24.22]have dithered for decades.
[06:26.60]Our great enterprises are now
[06:28.17]free to seek opportunities overseas
[06:35.54]We have made the first crucial changes
[06:38.07]in trade union law
[06:39.59]to remove the worst abuses
[06:41.41]of the closed shop,
[06:42.88]to restrict picketing
[06:44.30]to the place of work
[06:45.32]of the parties in dispute,
[06:46.89]and to encourage secret ballots.
[06:49.56]Jim Prior has carried all these measures
[06:52.15]through with the support
[06:53.51]of the vast majority
[06:54.93]of trade union members.
[07:07.57]British Aerospace will soon
[07:09.21]be open to private investment.
[07:11.49]The monopoly of the Post Office
[07:13.27]and British Telecommunications
[07:14.83]is being diminished.
[07:16.85]The barriers to private generation
[07:23.63]of electricity for sale have been lifted.
[07:26.48]For the first time nationalized industries
[07:29.40]and public utilities can be investigated
[07:32.44]by the monopolies commission
[07:34.21]a long overdue reform
[07:45.23]Michael Heseltine has given to millions,
[07:48.63]yes, millions of council tenants
[07:51.00]the right to buy their own homes.
[08:02.82]It was Anthony Eden
[08:03.84]who chose for us the goal
[08:05.91]of a property-owning democracy.
[08:08.45]But for all the time
[08:09.67]that I have been in public affairs,
[08:11.59]that has been beyond
[08:13.11]the reach of so many,
[08:15.33]who were denied the right
[08:16.70]to the most basic ownership of all
[08:19.53]the homes in which they live.
[08:21.30]They wanted to buy.
[08:22.82]Many of them could afford to buy.
[08:24.89]But they happened to live
[08:26.05]under the jurisdiction of a council
[08:27.31]which would not sell
[08:30.82]and did not believe in the independence
[08:32.99]that comes with ownership.
[08:40.52]Now Michael Heseltine
[08:42.44]has given them the chance
[08:43.65]to turn a dream into reality.
[08:46.84]And all this, Mr. Chairman,
[08:48.36]and a lot more in 17 months.
[08:56.14]But Mr. Chairman,
[08:57.17]all this will avail us little unless
[09:00.60]we achieve our prime economic objective
[09:03.08]the defeat of inflation.
[09:06.41]Inflation destroys nations and societies
[09:10.36]as surely as invading armies do.
[09:13.85]Inflation is the parent of unemployment.
[09:17.70]It is the unseen robber
[09:19.47]of those who have saved.
[09:21.59]No policy which puts at risk
[09:23.82]the defeat of inflation
[09:25.89]however great
[09:26.81]its short-term attraction can be right.
[09:29.09]But, Mr. Chairman,
[09:31.96]our policy for the defeat of inflation is
[09:33.85]in fact, traditional.
[09:36.78]It existed long before Sterling M3
[09:40.84]embellished the Bank of England Quarterly Bulletin
[09:45.24]or "monetarism" became a convenient term
[09:48.23]of political invective.
[09:50.04]But some people talk
[09:52.57]as if control of the money supply
[09:53.94]was a revolutionary policy.
[09:57.22]Yet it was an essential condition
[09:59.64]for the recovery of much
[10:01.36]of continental Europe.
[10:03.75]Those countries knew
[10:05.72]what was required for economic stability.
[10:08.85]Previously, they had lived
[10:10.98]through rampant inflation;
[10:13.24]they knew that it led to suitcase money,
[10:16.23]massive unemployment
[10:18.07]and did to the breakdown of society itself.
[10:21.70]They determined never to go that way again.
[10:26.23]Today,
[10:27.51]after many years of monetary self-discipline,
[10:30.90]they have stable,
[10:32.62]prosperous economies
[10:34.29]better able than ours
[10:36.37]to withstand the buffeting
[10:37.93]of world recession.
[10:39.96]So at international conferences
[10:41.92]to discuss economic affairs,
[10:44.11]many of my fellow heads of government
[10:46.79]find our policies not strange,
[10:51.03]unusual or revolutionary,
[10:53.97]but normal, sound and honest.
[10:57.61]And that is what they are.
[11:06.04]Their only question to me is this
[11:08.74]"Has Britain the courage
[11:10.77]and resolve to sustain the discipline
[11:13.44]for long enough to break through to success?"
[11:16.79]Yes, Mr Chairman,
[11:18.46]we have, and we shall.
[11:21.20]This government are determined
[11:23.16]to stay with the policy
[11:24.88]and see it through to its conclusion.
[11:36.09]That is what marks this administration
[11:39.17]as one of the truly radical ministries
[11:41.96]of postwar Britain.
[11:44.15]Inflation is falling
[11:46.27]and should continue to fall.
[11:49.06]Meanwhile, Mr. Chairman,
[11:50.79]we are not heedless
[11:52.06]of the hardships
[11:53.64]and worries for the company
[11:55.67]to conquest of inflation.
[11:58.10]Foremost among these is unemployment.
[12:01.74]Today our country has more than
[12:04.87]2 million unemployed.
[12:07.57]Now you can try to soften that figure
[12:09.95]in a dozen ways.
[12:12.06]You can point out
[12:12.93]and it is quite legitimate to do so
[12:15.51]that 2 million today does not mean
[12:17.47]what it meant in the 1930s
[12:19.75]that the percentage of unemployment
[12:21.73]is much less now than it was then.
[12:24.71]You can add that today
[12:26.27]many more married women
[12:27.56]go out to work.
[12:29.37]You can stress that,
[12:30.74]because of the high birthrate
[12:32.00]in the early 1960s,
[12:34.63]there is an unusually large number
[12:36.76]of school leavers this year
[12:38.79]looking for work
[12:40.37]and that the same will be true
[12:41.63]for the next two years.
[12:43.80]You can emphasise that
[12:45.32]about a quarter of a million people
[12:46.93]find new jobs each month
[12:49.62]and therefore go off the employment register.
[12:52.95]And you can recall that
[12:54.28]there are now
[12:55.90]nearly 25 million people in jobs
[12:59.97]compared with only about 18 million
[13:02.49]in the 1930s.
[13:04.01]You can point out that
[13:05.53]the Labour party conveniently overlooks
[13:08.01]the fact that of the 2 million unemployed
[13:10.94]for which they blame us,
[13:13.66]nearly a million and a half
[13:16.00]were bequeathed by their government.
[13:30.06]But when all that has been said,
[13:32.73]the fact remains that
[13:34.92]the level of unemployment
[13:36.65]in our country today
[13:38.61]is a human tragedy.
[13:46.61]Let me make it clear beyond doubt.
[13:49.54]I am profoundly concerned about unemployment.
[13:53.34]Human dignity
[13:55.14]and self-respect are undermined
[13:58.33]when men and women
[13:59.24]are condemned to idleness.
[14:01.62]The waste of a country's most precious assets
[14:05.21]the talent and energy of its people
[14:08.51]makes it the bounden duty of government
[14:11.64]to seek a real and lasting cure.
[14:23.52]If I could press a button
[14:24.83]and genuinely solve the unemployment problem,
[14:28.28]do you think that I would not
[14:29.60]press that button this instant?
[14:32.69]Does anyone imagine that
[14:34.01]there is the smallest political gain
[14:36.58]in letting this level of unemployment continue,
[14:40.59]or that there is some obscure economic religion
[14:43.63]which demands this level of unemployment
[14:45.76]as part of its religious ritual?
[14:49.18]Mr. Chairman,
[14:50.24]this government is pursuing
[14:51.90]the only policy
[14:53.57]which gives any hope
[14:54.89]of bringing our people
[14:56.40]back to real and lasting employment.
[15:11.62]It is no coincidence that
[15:13.54]those countries, of which I spoke earlier,
[15:16.48]which have had lower rates of inflation
[15:19.11]have also had lower levels of unemployment.
[15:24.78]I know that
[15:27.15]there is another real worry
[15:28.55]affecting many of our people.
[15:30.98]Although they accept that
[15:32.45]our policies are right,
[15:33.87]they feel deeply that
[15:36.61]the burden of carrying them out
[15:38.34]is falling much more heavily
[15:40.67]on the private than on the public sector.
[15:49.01]They say that
[15:50.06]the public sector is enjoying advantages
[15:52.29]but the private sector
[15:54.16]is taking the knocks
[15:56.13]and at the same time
[15:57.29]maintaining those in the public sector
[15:59.57]on better pay and pensions than they enjoy.
[16:06.50]I must tell you
[16:07.82]that I share this concern
[16:10.30]and understand the resentment.
[16:13.36]That is why I and my colleagues say
[16:16.50]that to add to public spending
[16:19.52]takes away the very money and resources
[16:22.65]that industry needs
[16:24.69]to stay in business,
[16:26.41]let alone to expand.
[16:28.64]Higher public spending,
[16:30.76]far from curing unemployment,
[16:33.54]can be the very vehicle
[16:35.63]that loses jobs
[16:37.10]and causes bankruptcies
[16:38.42]in trade and commerce.
[16:41.56]That is why we warned local authorities
[16:44.39]that since rates are frequently the biggest tax
[16:47.86]that industry now pays,
[16:50.03]increases in them
[16:51.14]can CRIpple local businesses.
[16:54.08]Councils must, therefore,
[16:56.00]learn to cut costs in the same way
[16:58.73]that companies have to.
[17:08.59]That is why I stress
[17:09.70]that if those who work in public authorities
[17:13.09]take for themselves large pay increases,
[17:16.64]they leave less to be spent on equipment
[17:19.83]and new buildings.
[17:22.31]That, in turn,
[17:23.53]deprives the private sector
[17:25.26]of the orders it needs,
[17:26.82]especially some of those industries
[17:29.15]in the hard-pressed regions.
[17:31.38]Those in the public sector
[17:33.17]have a duty
[17:34.24]to those in the private sector
[17:36.21]not to take out so much in pay
[17:38.54]that they cause others unemployment.
[17:48.89]That is why we point out
[17:49.76]that every time
[17:51.02]high wage settlements in nationalized monopolies
[17:55.13]lead to higher charges
[17:57.08]for telephones, electricity, coal and water,
[17:59.75]they can drive companies out of business
[18:02.60]and cost other people their jobs.
[18:05.79]If spending money like water
[18:07.87]was the answer to our country's problems,
[18:10.56]we would have no problems now.
[18:13.76]If ever a nation has spent, spent,
[18:15.84]spent and spent again, ours has.
[18:18.73]Today that dream is over.
[18:21.76]All of that money has got us nowhere,
[18:24.64]but it still has to come from somewhere.
[18:28.79]Those who urge us to relax the squeeze,
[18:31.92]to spend yet more money indisCRIminately
[18:34.97]in the belief that it will help the unemployed
[18:37.00]and the small businessman,
[18:39.49]are not being kind
[18:40.60]or compassionate
[18:42.42]or caring.
[18:44.19]They are not the friends
[18:45.57]of the unemployed
[18:46.52]or the small business.
[18:49.12]They are asking us to do again
[18:51.54]the very thing that caused the problems
[18:54.47]in the first place.
[19:04.49]We have made this point repeatedly.
[19:07.31]Indeed,
[19:07.72]Mr. Chairman,
[19:08.64]I am accused of lecturing
[19:11.22]or preaching about them.
[19:13.90]I suppose it is a critic's way of saying,
[19:16.19]"Well, we know it is true,
[19:18.11]but we have to carp at something."
[19:20.23]I do not care about that.
[19:22.66]But I do care about
[19:24.23]the future of free enterprise,
[19:26.75]the jobs and exports it provides
[19:29.98]and the independence it brings to our people.
[19:33.56]Independence?
[19:35.98]Yes, but let us be clear
[19:37.35]what we mean by that.
[19:39.19]Independence does not mean
[19:41.25]contracting out of all relationships with others.
[19:45.14]A nation can be free
[19:47.62]but it will not stay free for long
[19:49.19]if it has no friends and no alliances.
[19:52.64]Above all,
[19:54.21]it will not stay free
[19:56.18]if it cannot pay its own way
[19:58.05]in the world.
[19:59.82]By the same token,
[20:01.64]an individual needs to be part of a community
[20:05.08]and to feel that he is part of it.
[20:08.36]There is more to this than the chance
[20:10.65]to earn a living for himself
[20:12.12]and his family,
[20:13.47]essential though that is.
[20:15.45]Of course, our vision and our aims
[20:18.04]go far beyond
[20:19.60]the complex arguments of economics,
[20:22.08]but unless we get the economy right
[20:24.80]we shall deny our people
[20:26.32]the opportunity to share that vision
[20:29.06]and to see beyond the narrow horizons
[20:31.94]of economic necessity.
[20:34.82]Without a healthy economy
[20:37.05]we cannot have a healthy society.
[20:40.22]Without a healthy society
[20:43.20]the economy will not stay healthy for long.
[20:47.21]But it is not the state
[20:50.50]that creates a healthy society.
[20:53.13]When the state grows too powerful,
[20:56.15]people feel that they count for less and less.
[21:00.41]The state drains society,
[21:02.63]not only of its wealth
[21:04.30]but of initiative,
[21:06.22]of energy,
[21:07.79]the will to improve
[21:09.15]and innovate
[21:10.58]as well as to preserve what is best.
[21:13.72]But our aim is to let people feel
[21:16.90]that they count for more and more.
[21:21.30]If we cannot trust
[21:22.41]the deepest instincts of our people,
[21:25.65]we should not be in politics at all.
[21:36.38]Some aspects of our present society
[21:41.49]really do offend those instincts.
[21:44.33]Decent people do want to
[21:47.10]do a proper job at work,
[21:49.33]not to be restrained or intimidated
[21:51.61]from giving value for money.
[21:55.09]They believe that honesty
[21:56.46]should be respected,
[21:58.02]not derided.
[22:00.09]They see crime and violence
[22:02.02]as a threat,
[22:02.98]not just to society
[22:05.06]but to their own orderly way of life.
[22:08.36]They want to be allowed
[22:09.62]to bring up their children
[22:11.14]in these beliefs,
[22:12.76]without the fear that
[22:13.82]their efforts will be daily frustrated
[22:16.45]in the name of progress
[22:18.23]or free expression.
[22:20.60]Indeed, that is what family life is all about.
[22:24.30]There is not a generation gap
[22:26.58]in a happy and united family.
[22:29.45]People yearn to be able
[22:31.23]to rely on some generally accepted standards.
[22:35.85]Without them
[22:37.27]you have not got a society at all,
[22:40.29]you have purposeless anarchy.
[22:43.48]A healthy society isn't created
[22:45.96]by its institutions, either.
[22:49.00]Great schools and universities
[22:51.49]do not make a great nation
[22:53.78]any more than great armies do.
[22:56.36]Only a great nation
[22:58.28]can create and involve great institutions
[23:01.33]of learning, of healing, of scientific advance.
[23:05.70]And a great nation
[23:07.52]is the voluntary creation of its people
[23:11.30]a people composed of men and women
[23:14.88]whose pride in themselves
[23:17.31]is founded on the knowledge
[23:19.13]of what they can give to a community
[23:22.11]of which they in turn can be proud.
[23:26.20]If our people feel that
[23:27.93]they are part of a great nation
[23:30.41]and they are prepared
[23:32.39]to will the means to keep it great,
[23:34.63]a great nation we shall be,
[23:37.26]and shall remain.
[23:39.33]So, Mr. Chairman,
[23:40.80]what can stop us from achieving this?
[23:44.75]What then stands in our way?
[23:47.91]The prospect of another winter of discontent
[23:51.86]I suppose it might.
[23:53.83]But I prefer to believe
[23:55.14]that certain lessons have been learned
[23:58.04]from experience,
[23:59.92]that we are coming, slowly, painfully,
[24:02.70]to an autumn of understanding.
[24:05.89]And I hope that it will be followed
[24:07.85]by a winter of common sense.
[24:22.47]If it is not
[24:23.69]we shall not be diverted from our course.
[24:26.68]To those waiting with bated breath
[24:29.31]for that favorite media catchphrase,
[24:32.09]the U turn
[24:33.70]I have only one thing to say.
[24:36.28]You turn if you want to.
[24:52.42]The lady's not for turning.
[25:05.17]I say that not only to you
[25:07.11]but to our friends overseas
[25:08.47]as well and also to those
[25:10.90]who are not our friends.
[25:18.90]Mr. Chairman,
[25:19.66]at every party conference,
[25:21.48]and every November in parliament,
[25:23.76]we used to face difficult decisions
[25:26.54]over Rhodesia and over sanctions.
[25:30.04]But no longer.
[25:31.21]Since we last met
[25:33.23]the success at Lancaster House,
[25:35.71]and thereafter in Salisbury
[25:38.19]a success
[25:39.07]won in the face of all the odds
[25:41.79]a success
[25:42.83]has created new respect for Britain
[25:46.67]We showed over Rhodesia
[25:48.39]to the hallmarks of
[25:50.00]Tory policy are,
[25:51.53]as they have always have been,
[25:53.71]realism and resolve.
[25:56.45]Not for us the disastrous
[25:58.23]fantasies of unilateral disarmament,
[26:01.77]of withdrawal from NATO,
[26:03.94]of abandoning Northern Ireland.
[26:06.72]The irresponsibility of the left on defense
[26:10.01]increases as the dangers
[26:12.30]which we face loom larger.
[26:19.78]We, for our part
[26:21.50]have chosen a defense policy
[26:23.06]which potential foes will respect.
[26:32.65]We are acquiring,
[26:33.92]with the cooperation of
[26:35.63]the United States government,
[26:37.37]the Trident Missile System.
[26:40.05]This will ensure the credibility
[26:42.33]of our strategic deterrent
[26:43.99]until the end of the century and beyond,
[26:51.84]and it was very important
[26:54.72]for the reputation of Britain abroad
[26:58.21]that we should keep
[26:59.24]our independent nuclear deterrent
[27:01.87]as well as for our citizens here.
[27:10.51]In Europe we have shown
[27:13.09]that it is possible
[27:14.20]to combine a vigorous defense
[27:16.01]of our own interests
[27:17.34]with a deep commitment
[27:19.36]to the idea
[27:20.47]and to the ideals of the community.
[27:24.08]Mr. Chairman, the last government
[27:25.45]was well aware
[27:26.56]that Britain's budget contribution
[27:28.33]was grossly unfair.
[27:31.12]They failed to do anything about it.
[27:34.00]We negotiated a satisfactory arrangement
[27:37.24]which will give us
[27:37.86]and our partners time
[27:39.32]to tackle the underlying issues.
[27:41.69]We face many other problems
[27:43.37]in the community,
[27:45.11]but I am confident that
[27:46.27]they too will yield
[27:47.83]to the firm yet fair approach
[27:49.50]which has already proved
[27:51.63]so much more effective
[27:53.30]than the previous government's
[27:55.02]five years of procrastination.
[27:59.16]With each day
[28:00.73]it becomes clearer that in the wider world
[28:03.81]we face darkening horizons,
[28:06.34]and the war between Iran and Iraq
[28:08.87]is the latest symptom of a deeper malady.
[28:13.02]Europe and North America
[28:15.45]are centers of stability
[28:18.23]in an increasingly anxious world.
[28:21.71]The community and the alliance
[28:23.84]are the guarantee to other countries
[28:27.22]that democracy and freedom of choice
[28:30.01]are still possible.
[28:32.95]They stand for order
[28:35.48]and the rule of law
[28:37.41]in an age when disorder
[28:39.22]and lawlessness are ever more widespread.
[28:43.54]The British government intend to stand by
[28:47.29] both these great institutions,
[28:49.97]the community and NATO.
[28:52.80]We will not betray them.
[29:03.96]The restoration of Britain's place
[29:07.56]in the world
[29:09.07]and of the west's confidence
[29:10.69]in its own destiny
[29:13.03]are two aspects of the same process.
[29:16.21]No doubt there
[29:17.42]will be unexpected twists in the road,
[29:20.38]but with wisdom and resolution
[29:23.40]we can reach our goal.
[29:25.99]I believe we will show the wisdom
[29:28.58]and you may be certain
[29:30.04]that we will show the resolution.
[29:33.17]Mr. Chairman,
[29:34.79]in his warm-hearted
[29:36.86]and generous speech,
[29:38.74]Peter Thorneycroft said
[29:40.61]that when people are called upon
[29:42.76]to lead great nations,
[29:45.23]they must look into the hearts and minds
[29:48.17]of the people whom they seek to govern.
[29:51.91]I would add
[29:53.47]that those who seek to govern must,
[29:56.62]in turn, be willing to allow their hearts and minds
[30:00.15]to lay open to the people.
[30:03.74]This afternoon
[30:05.00]I have tried to set before you
[30:07.80]some of my most deeply held
[30:09.83]convictions and beliefs.
[30:12.23]This party, which I am privileged to serve,
[30:15.77]and this government,
[30:17.19]which I am proud to lead,
[30:19.56]are engaged in the massive task
[30:22.34]of restoring confidence and stability
[30:25.12]to our people.
[30:28.20]I have always known
[30:30.04]that task was vital.
[30:33.22]Since last week
[30:35.14]it has become even more vital than ever.
[30:53.50]We close our conference
[30:56.23]in the aftermath
[30:58.81]of that sinister utopia
[31:00.52]unveiled at Blackpool.
[31:03.26]Let Labour's Orwellian nightmare of the left
[31:07.67]be the spur for us to dedicate,
[31:10.20]with a new urgency,
[31:12.44]our every ounce of energy
[31:14.82]and moral strength
[31:16.28]to rebuild the fortunes of this free nation.
[31:29.75]If we were to fail,
[31:32.62]that freedom could be imperiled.
[31:36.97]So let us resist the blandishments
[31:39.85]of the faint hearts;
[31:41.62]let us ignore the howls
[31:43.91]and threats of the extremists;
[31:46.79]let us stand together
[31:49.42]and do our duty,
[31:51.84]and we shall not fail