First, they had a, visitation from locusts which destroyed the crops, the next year they had a drought, and the Next Year An Economic Crisis.

I warn the right hon. Gentleman that if he attempts to re-peg the £ during the standstill - and he will be under heavy pressure to do so from some of his colleagues in the international monetary world - without knowing whether he can maintain control of inflation when the dam bursts and the standstill is ended, the country will face Next Year An Economic Crisis which would make this year's difficulties seem like a storm in a teacup.