There is, however, a possible explanation, because £796 million is not far from £800 million, and £800 million needs only to be mentioned, especially at the present time, for people to react. The most recent reaction was a letter toThe Timesby the hon. Member for Wanstead and Woodford, vainly attempting to extricate his right hon. Friend from his difficulties. The Leader of the Opposition did his best during his speech to try to pretend that the difficulties which we have been through are difficulties which did not have their origin in the balance of payments deficit of 1964.
I want to deal with this matter in some depth and with seriousness, because it is right—