Wrong, perhaps: we shall never know, but the stubbornness of a weak Prime Minister defending the one action as Chancellor that brought him into prominence, and probably won him the leadership, should not be underestimated.
But offensive? It may be nave to have believed the Prime Minister when he assured us only days before Black Wednesday that a recovery based on devaluation would be 'fool's gold'. To me, however, it is a new (though interesting) idea that to believe Mr Major's assurances is offensive.
C. M. WALKER