Q: Who caused the inflation?
A: The Chancellor of the Exchequer.
Q: How did he cause it?
A: By putting a flood of new money into circulation.
Q: Why did he do that?
A: To prevent the exchange rate of the pound rising last year.
Q: Why did he want to stop it rising?
A: To keep level with the Deutschmark.
Q: What for?
A: To make it easier to join the EMS. (Enoch Powell)

Q: Who caused the inflation? A: The Chancellor of the Exchequer. Q: How did he cause it? A: By putting a flood of new money into circulation. Q: Why did he do that? A: To prevent the exchange rate of the pound rising last year. Q: Why did he want to stop it rising? A: To keep level with the Deutschmark. Q: What for? A: To make it easier to join the EMS.

Enoch Powell

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cause chancellor circulation easy exchange exchequer flood inflation join last level money pound putting rate rising stop year deutschmark ems

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