, FRS, FSS
, PC (11 March 191624 May 1995) was a British Labour
Member of Parliament, Leader of the Labour Party. He was twice Prime Minister of the United Kingdom
during the 1960s and 1970s, winning four general elections
, including a minority government after the February 1974 General Election resulted in a hung parliament. He is the most recent British Prime Minister to have served non-consecutive terms.
Harold Wilson first served as Prime Minister in the 1960s, during a period of low unemployment and relative economic prosperity (though also of significant problems with the UK's external balance of payments).
On 5 September, when the Trades Union Congress|TUC unanimously rejected wage restraint, it was the end of an era, and all the financiers, all the little gnomes in Zürich and other finance centres about whom we keep on hearing, had started to make their dispositions in regard to sterling.
The government have only a small majority in the House of Commons. I want to make it quite clear that this will not affect our ability to govern. Having been charged with the duties of Government we intend to carry out those duties.
I know I speak for everyone in these islands, all parties, all our people, when I say to Ian Smith|Mr. Smith tonight: "Prime Minister, think again".
We have taken steps which have not been taken by any other democratic government in the world. We are taking steps with regard to prices and wages which no other government, even in wartime, has taken.
From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn't mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.
May I say, for the benefit of those who have been carried away by the gossip of the last few days, that I know what's going on. [pause] I'm going on, and the Labour government's going on.