Because when the right hon. Gentleman left office, when he left this job, the oil crisis had not begun to bite on the British economy. The quintupling of oil prices had still to come through and we were just entering the worst industrial recession for about 40 years. The right hon. Gentleman knows that.
I am particularly pleased that the Opposition have selected this day to debate industrial policy—[Interruption.] I do not know what the right hon. Member for Lowestoft (Mr. Prior) is doing below the Gangway. I do not know whether he wants to move up and join the celebrated Opposition Front Bench. If he wants to intervene, no doubt he will want to do so in the usual way. But if he is going to barrack, I hope that he will let me know so that the House can listen to his stupid interruptions.