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Article: Letters
- Article from:
- New Statesman
- Article date:
- October 13, 2008
- Author:
CopyrightCopyright New Statesman Ltd. Oct 13, 2008. Provided by ProQuest LLC. (Hide copyright information)
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History lessons
I fear that Dominic Sandbrook, in his fascinating "A warning from history" (6 October), about the late 1970s and early 1980s, does James Callaghan an injustice and is far too generous towards Margaret Thatcher's economic policies.
As Callaghan made clear in his memoirs Time and Chance (1987), he regarded his speech "You cannot spend your way out of a recession" as entirely tactical in the difficult circumstances of the 1976 negotiations with the IMF.
He wrote: "The passage . . . ...