The Chief of Air Staff, with his usual great loyalty to the Government, has faced a personal Crisis in Recent Months.

The traumatic industrial Crisis of Recent Months, which has been due to a considerable extent to a hamstrung Government, suggests that a possible synthesis can be reached between the monetarist view and that of the advocates of an incomes policy.

In those matters, we are at one with the Government, and the same is true of another area of Crisis in Recent Months - North Korea.

Given the industry's importance and the Crisis in Recent Months, with one in six jobs lost since the autumn, the Business, Innovation and Skills Committee made this issue the topic of our first report of the Parliament.