Inflation in Britain is at an unacceptable level. It is now mostly home-induced and wage-induced. It is moving well out of line with that of the rest of the world. If it goes on doing so it will ruin us as a nation, both economically and politically. It is of a different order from any of our other difficulties. It is, quite simply, our biggest menace since Hitler. (Roy Jenkins)

Inflation in Britain is at an unacceptable level. It is now mostly home-induced and wage-induced. It is moving well out of line with that of the rest of the world. If it goes on doing so it will ruin us as a nation, both economically and politically. It is of a different order from any of our other difficulties. It is, quite simply, our biggest menace since Hitler.

Roy Jenkins

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