For this House, lacking the necessary authority either out-of-doors or indoors, legislatively to give away the independence and sovereignty of this H… - Enoch Powell

I believe a second factor which has weighed heavily in this matter is the attitude, or supposed attitude, of the United States. I confess that I am not greatly moved by this. Whatever may be the attitude of the American Government and public to the United Kingdom as such, my view of American policy over the last decade has been that it has been steadily and relentlessly directed towards the weakening and the destruction of the links which bind the British Empire together. [Cyril Osborne: "No!"] We can watch the events as they unfold and place our own interpretation on them. My interpretation is that the United States has for this country, considered separately, a very considerable economic and strategic use but that she sees little or no strategic use or economic value in the British Empire or the British Commonwealth as it has existed and as it still exists. Against the background I ask the House to consider the evidence of advancing American imperialism in this area from which they are helping to eliminate us.

Q: Who caused the inflation? A: The Chancellor of the Exchequer. Q: How did he cause it? A: By putting a flood of new money into circulation. Q: Why did he do that? A: To prevent the exchange rate of the pound rising last year. Q: Why did he want to stop it rising? A: To keep level with the Deutschmark. Q: What for? A: To make it easier to join the EMS.

Could my right hon. Friend explain why the increase in oil prices is deflationary but the increase in all other international prices has apparently been inflationary?