Roy Jenkins 1983 general election, when Owen succeeded him unopposed. Jenkins was disappointed with Owen's move to the right, and his acceptance and backing of some of Thatcher's policies. At heart, Jenkins remained a Keynesian. He continued to serve as SDP Member of Parliament for Glasgow Hillhead until his defeat at the 1987 general election by the Labour candidate George Galloway, after boundary changes in 1983 had changed the character of the constituency. From 1987, Jenkins remained in politics as a member of the House of Lords as a life peer with the title Baron Jenkins of Hillhead, of Pontypool in the
Roy Jenkins was widely acclaimed as a speech of surpassing quality and elegance' and Barbara Castle that it 'took everyone's breath away'. However, following a further sterling crisis in November 1968 Jenkins was forced to raise taxes by a further £250 million. After this the currency markets slowly began to settle and his 1969 budget represented more of the same with a £340 million increase in taxation to further limit consumption. By May 1969 Britain's current account position was in surplus, thanks to a growth in exports, a drop in overall consumption and, in part, the Inland Revenue correcting a previous underestimation