This party is a bit like an old stagecoach. If you drive along at a rapid rate everyone aboard is either so exhilarated or so seasick that you don’t have a lot of difficulty.
On 5 September, when the TUC unanimously rejected wage restraint, it was the end of an era, and all the financiers, all the little gnomes in Zürich and other finance centres about whom we keep on hearing, had started to make their dispositions in regard to sterling.
Every dog is allowed one bite, but a different view is taken of a dog that goes on biting all the time. He may not get his licence returned when it falls due.
