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The right hon. Gentleman is afraid of an election is he? Oh, if I were going to cut and run I'd have gone after the Falklands. Afraid? Frightened? Frit? Couldn't take it? Couldn't stand it? Right now inflation is lower than it has been for thirteen years, a record the right hon. Gentleman couldn't begin to touch!

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When you go to Washington now, you can feel a sense of fear in the air – the fear to do anything, or say anything, that might affect the polls, or give the other side an advantage, or offend a special interest.

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