The prospect I have put before you demands that government, politicians and public answer the following question: What sort of a country will Britain… - Enoch Powell

They have a duty either to say to the country, "We propose to continue with inflation at its present level and to maintain or 'contain' it at that level, because otherwise there would be at least a temporary loss of growth and unemployment", or, alternatively, to say, "So great and intolerable are the consequences, direct and indirect, social, moral and economic, of on-going inflation at a cumulative rate of nearly 10 per cent. per annum, that we intend to bring that rate down steadily, consistently, perceptibly, and...we tell you that the price which we shall have to pay for that will be some reduction in growth and in employment." ... I am prepared to say, as I have done over and over again, that I believe inflation at 10 per cent. per annum cumulative to be an evil far more dangerous, far exceeding in its consequences the cost of the temporary dislocation which is involved in terminating it. I have said that time and again... We either go on at present with the present rate of inflation or else we deal with inflation and incur the temporary cost in terms of output and employment. In the real world there is no third choice. What the Government are doing with their counter-inflation policy is declining to take that decision in the open, declining to come forward and make clear which decision it is that they have taken, and using the counter-inflation policy as a means of pretending that a third course exists when they know that it does not.

The immediate occasion for alarm is the government's announcement that British contractors for supplying armaments to our armed forces must in future share the work with what are called ‘European firms’, meaning factories situated on the mainland of the European continent. I ask one question, to which I believe there is no doubt about the answer. What would have been the fate of Britain in 1940 if production of the Hurricane and the Spitfire had been dependent upon the output of factories in France? That a question so glaringly obvious does not get asked in public or in government illuminates the danger created for this nation by the rolling stream of time which bears away the generation of 1940, the generation, that is to say, of those who experienced as adults Britain's great peril and Britain’s great deliverance. Talk at Bruges or Luxembourg about not surrendering our national sovereignty is all very well. It means less than nothing when the keys to our national defence are being handed over: an island nation which no longer commands the essential means of defending itself by air and sea is no longer sovereign...The safety of this island nation reposes upon two pillars. The first is the impregnability of its homeland to invasion by air or sea. The second is its ability and its will to create over time the military forces by which the last conclusive battle will be decided. Without our own industrial base of military armament production neither of those pillars will stand. No doubt, with the oceans kept open, we can look to buy or borrow from the other continents; but to depend on the continent of Europe for our arms is suicide.

In the ultimate matter of life and death, survival or defeat, the insular position of the British nation has set us apart from the inhabitants of the adjacent continent. This is a political fact which cannot be pretended out of existence. As long as it remains true, or is believed by the British themselves to remain true, the commitment of Britain to any continental combination can never be total... True, it has often been rumoured that Britain had lost, or was about to lose, that characteristic; but events have hitherto always proved that she had it still, and those events are the most formative element in the folk-memory of the British people... This is the reason why Britain, which is in many sense as European as any nation, cannot be integrated politically with the European continent.