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The pre-election boom had to be reined back in i960, and a period of economic 'stop-go' policies ensued.
I should like to address myself to a simple question: are we returning to a stop-go situation?
From the evidence of the past 10 years, it looks very much as if we are back in a stop-go situation.
Frankly, the stop-go attitude to funding is causing nothing less than chaos to small rural housing associations.
The housing market is in a state of stop-go.
To allow our industry to be destroyed because of short-term changes in the exchange rate or stop-go policies is absurd.
It cannot work with stop-go—and mostly there has been stop.
The oil allowed us to carry on the go part of the stop-go cycle to such an extent.
It is difficult to exaggerate the damage to efficiency that violent stop-go policies inflict upon dedicated teachers and administrators.
Ever since 1945, stop-go was a question of our balance of payments.
We are familiar with the "stop-go" nature of the intercommunal talks.
We shall return to stop-go, but not with a balance of payments surplus like the last time.
We shall return to the stop-go process with a £20 billion deficit on payments.
We have discovered a new form of stop-go which is highly damaging to public finances and the whole process of planning and delivery.
Therefore, the cycle generated by stop-go has led to under-investment and under-utilisation of investment.
