She is confronted with, perhaps, the most serious Crisis in British History.

In war-time we are fortunate if, as now, the House is divided into two parties - the House always was divided into two parties and always will be - two parties, the less favourable of the two parties holding my right hon. Friend to be the absolutely indispensable governor of Britain in the greatest Crisis in British History.

In the worst pensions funding Crisis in British History, this scheme just reshuffles pension funds' existing resources and forces solvent funds of employers who have faced up to their responsibilities to bail out the laggards that companies have been unwilling or unable to support.