We all know perfectly well why the Government are standing by their policy of the independent deterrent. The reason is simply prestige, keeping up with our nuclear neighbours. Frankly, we cannot do it. The Americans spend on research alone £2,500 million a year, which is half as much again as our total defence budget, and it is rising rapidly. We can only be a nuclear Power if we can afford the means to produce twenty or more alternative weapons as an assurance against the many which are certain to fail. Out of our resources, we were able to afford only one intercontinental ballistic missile, and that was Blue Streak. The failure of Blue Streak was the moment of truth for this country so far as the independent deterrent was concerned. To cling to the policy after that was...like the action of a rather pathetic sort of man who cannot afford a television and who cannot bring himself to admit the fact, so he puts up the aerial instead.
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About Harold Wilson
Harold Wilson was prime minister of the united kingdom (1964–1970, 1974–1976). James Harold Wilson, Baron Wilson of Rievaulx, was a British politician who twice served as Prime Minister of the United Kingdom, from 1964 to 1970 and from 1974 to 1976. He was Leader of the Labour Party from 1963 to 1976, Leader of the Opposition twice from 1963 to 1964 and again from 1970 to 1974, and a Member of Parliament (MP) from 1945 to 1983. Read more on Wikipedia →