I remember a big meeting with the hosiery trade in Harold's ministerial room.

I remember she said, 'Keep government out of people's lives. Let them go ahead and catch as catch can, that's the way to maximum wealth.'

I remember people who'd had a lot of hardship during the war. They'd thought we'd won.

Do you know one of the most interesting things is, when we lost office in '51 we did so on a higher vote that we'd been elected to in '45.

And what always struck me about that war period was how even Churchill had to talk socialism to keep up people's morale.

You see, another reason for nationalization was that private ownership meant fragmentation.