Leeds, East (Mr. [Denis] Healey) well knows, only if we bring the money supply under firm control, progressively reduce the rate of monetary growth over the years and pursue the most rigorous restraint on public spending. The supposed alternatives to these policies are a delusion. None of those alternatives would be responsible and none would be sustainable. The action that I have taken today underlines the Government's total and continuing commitment to getting inflation down." - Meaning and context.">
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Speech in the House of Commons (15 November 1979)
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Britain's future depends, above all, on mastering inflation. That can be done, as the right hon. Member for Leeds, East (Mr. [Denis] Healey) well knows, only if we bring the money supply under firm control, progressively reduce the rate of monetary growth over the years and pursue the most rigorous restraint on public spending. The supposed alternatives to these policies are a delusion. None of those alternatives would be responsible and none would be sustainable. The action that I have taken today underlines the Government's total and continuing commitment to getting inflation down.

— Geoffrey Howe

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Britain's future depends, above all, on mastering inflation. That can be done, as the right hon. Member for Leeds, East (Mr. [Denis] Healey) well knows, only if we bring the money supply under firm control, progressively reduce the rate of monetary growth over the years and pursue the most rigorous restraint on public spending. The supposed alternatives to these policies are a delusion. None of those alternatives would be responsible and none would be sustainable. The action that I have taken today underlines the Government's total and continuing commitment to getting inflation down." in the context of "Speech in the House of Commons (15 November 1979)" to mean that wisdom is timeless.

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Source: Wikiquote: "Geoffrey Howe" (Quotes) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

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Geoffrey Howe

About Geoffrey Howe

Richard Edward Geoffrey Howe, Baron Howe of Aberavon, CH, PC, QC (20 December 1926 – 9 October 2015), known from 1970 to 1992 as Sir Geoffrey Howe, was a British Conservative politician. He was Margaret Thatcher's longest-serving Cabinet minister, successively holding the posts of Chancellor of the Exchequer, Secretary of State for Foreign and Commonwealth Affairs, and finally Leader of the House of Commons and Deputy Prime Minister. His resignation on 1 November 1990 is widely thought to have hastened Thatcher's own downfall three weeks later.