The hon. Gentleman earlier drew favourable attention to the experience of the Netherlands. Does he agree that the Dutch also faced a similar problem some time ago with their currency because of North Sea gas? The great difference between the Dutch experience and ours is that they did not make the senseless error of seeking to depress domestic demand to the extent that this Government are doing as a deliberate act of policy. Nor did the Dutch seek to counter the inflation they experienced solely by monetary methods.