We have a rip-roaring balance of payments deficit; public sector borrowing is over the top; 4 million people are unemployed; and the economy is in disarray.
We have got a rip-roaring consumer purchasing spree in this country, and it expresses itself not only in terms of increased wages but also in terms of increased credit facilities.
That looks like being a rip-roaring success.
We did not want rip-roaring inflation.
We really cannot envisage going back to the rip-roaring consumption of motor cars on the home market.
Instead, we are faced by rip-roaring inflation, and massive and increasing unemployment.
If he does not call that rip-roaring inflation, what figure does he need before he calls it that?
All that clearly adds up to a rip-roaring inflation.
