Using the right hon. Gentleman's phrase, does he agree that there is an element of bare effrontery when he draws a distinction between the period of Labour Government and that of the Conservative Government? Does he not realise that there was an oil crisis then and that billions of pounds were being passed across the exchanges for oil? Incidentally, if we pursued his policy, we would pass billions of pounds across the exchanges. Does he not realise how many billions of pounds his Government have had as a consequence of North sea oil? It is bare effrontery for the right hon. Gentleman to quote those statistics to the House.