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)

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

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