The trouble with the Labour Party is that they don't really believe in Socialism, but they cannot wholeheartedly approve of private enterprise either.

In bygone days, commanders were taught that when in doubt, they should march their troops towards the sound of gunfire. I intend to march my troops towards the sound of gunfire.

The state owned monopolies are among the greatest millstones round the neck of the economy. Liberals must stress at all times the virtues of the market, not only for efficiency but to enable the widest possible choice. Much of what Mrs Thatcher and Sir Keith Joseph say and do is in the mainstream of liberal philosophy.

After listening to the debate on unemployment I can see a danger that Liberals lose to the Tories their claim to have new and sensible ideas and are left saying Me too to a Socialist conventional wisdom which is failing. The salient need of this country to produce more and much more efficiently hardly figured on the agenda.

We shall experience the final defeat of liberalism not when immigration but when emigration is forbidden

Our long-term objective is clear: to replace the Labour Party as the progressive wing of politics in this country.