I am pleased to follow in the debate the hon. Member for Nottingham, South (Mr. W. Clark) because I have heard the whole of the debate. I have heard hon. Members make their speeches and—I must add with respect—seen most of them walk out of the Chamber immediately afterwards. I have listened particularly to hon. Members opposite in the hope of ascertaining from them whether or not there is a balance of payments crisis.
I have heard the former Chancellor of the Exchequer say that he knew that there would be these difficulties and a balance of payments problem and that he himself had looked at the same sort of remedies. He had hit upon the same sort of proposals that the Government are now introducing.