I trust that I can rely on the Opposition not to give the impression that being Paymaster-General is the same as being "Minister for Pay", for otherwise, I suspect, I shall not last in that job for more than a few days.
The hon. Member for Gloucester (Mrs. Oppenheim) and the hon. Gentleman and I have had a certain amount of discussion about inflation. The broad position is as I have put it. The rate of inflation in this country is not more than twice that of the OECD countries as a whole, but if one picks out two or three leading industrial countries, it is.