Could my right hon. Friend explain why the increase in oil prices is deflationary but the increase in all other international prices has apparently b… - Enoch Powell

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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?

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About Enoch Powell

John Enoch Powell (16 June 1912 – 8 February 1998) was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).

Also Known As

Alternative Names: J. Enoch Powell John Enoch Powell
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Additional quotes by Enoch Powell

Before more months or years are spent by Ministers, by economic staffs, by industrialists and by trade unionists, in a pursuit which is as foredoomed to futility as filling a sieve or making a rope of sand, it is time to call a halt, and to declare in round and unmistakeable terms that an incomes policy, in any relevant or useful sense, does not and cannot exist—except perhaps in a communist dictatorship.

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