In our view a Crisis of the Dimension to which the right hon. Gentleman has brought us, and which he freely admits, calls for a levy on capital as a contribution to equity within this national community, a wealth tax on the highest concentrations of wealth, above a defined and high minimum, and excluding, of course the owner-occupier's house.

Far more serious, however, she now risks wrecking the Commonwealth itself and creating a constitutional Crisis of Major Dimensions involving the Palace itself.