„Now the employer is to be told that if the unions force him to pay exorbitant wages or go out of business if he tries to continue, he will be taxed. The unions will escape any punishment. The employer will not be allowed to increase employment by paying lower wages nor to attract good labour by paying higher wages. We shall have another huge department to supervise the whole operation... an incomes policy is minted in the thinking of 1945.“
— Jo Grimond
In The Spectator (25 September, 1982).