"God save the Queen"... is the distinctive self-assertion, come what may, of one nation against the rest; she is not their Queen, she is our Queen, a… - Enoch Powell

Public and private expenditure are not the same in their financial and economic effects. There is a very important difference between your expenditure and mine and the Government's expenditure. If you and I intend to spend but find we have not enough money, we have no choice but to think better of it. Not so the Government; if they are short, they can either make you and me pay more in taxation, or else they can actually create additional money... For politicians to increase public expenditure is easy and sweet; to refrain from increasing it, let alone to reduce it, is hard and uncomfortable. Thus it is that government intentions to spend get carried through, irrespective of whether this results in money being created faster than goods and services—irrespective, in other words, of the inflation which ensues. That is why Lord Cromer was perfectly right in saying that a high level of public expenditure causes inflation.

I was born ambitious, I suppose I shall die ambitious. I can no more change it than the colour of my eyes.

Yet even though that picture is dark and darkening, there is one factor which has not yet been injected. I do not know whether it will be tomorrow, or next year, or in five years; but it will come. That factor is firearms and explosives. With communities which are so divided nothing can prevent the injection of explosives which we know perfectly well from experience in other parts of the United Kingdom and the world. At first there will be horrified astonishment, and inquiry as to what we have done wrong that such things should be happening. Then there will be feverish endeavour to find methods to allay the supposed grievances which lie behind the violence. Then follows exploitation by those who use violence of the ascendancy they have thus gained over the majority and over authority. The thing goes forward, acting and reacting, until a position is reached in which—I shall dare say it—compared with those areas, Belfast today will seem an enviable place.