Career
He held that seat until for ten years, until his defeat at the 1955 election by the Conservative Party candidate Denis Keegan. An outspoken Member of Parliament, he was known for not always following the Government brief:
“Mr. Smith has the engaging quality of hitting hard without making personal charges against the integrity and motives of those who think differently.
He said many things that made the House gasp, and many that made it laugh.."
With Robert Boothby he was almost alone in condemnation of the Bretton Woods system.
He also found Keynesian economics wanting. “In due course the Keynes plan for an irresponsible world financial government came to maturity and, by hole and corner methods for which Britain"s third Labour Government must share responsibility, was thrust on an unsuspecting world."
He was a supporter of Social Cr – believing that it could solve the problems of modern banking, highlighted by the 1930s depression.
He wrote many articles supporting Social Crown