Monetarism and History
Ian Gilmour, 21 January 1982
“... commanded the senior posts in the Party, a position they were to hold until the departure of Edward Heath as leader in 1975.’ In 1953, Labour moved slightly to the left. The Conservatives, instead of moving to the right, decided to stay where they were: there were to be no cuts in the welfare state and no more denationalisation. ‘By so doing,’ runs ... ”