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All this is aggravated in their minds by the appearance of a new middle class arising from a different background and doing new and different jobs. Its income, its expense accounts, its occasional lack of taste stir the envy and anger of the old middle class.

What the old middle class asks from the government—and, through the government, from the big trade unions and the big industrialists—is an end to the rise in the cost of living which it, subsisting chiefly on incomes that have not risen sharply, cannot meet. Directly it asks the government for an end to punishing taxation and to "coddling" of both the unions and the manufacturers.

The dilemma of the Conservative Party and its government is a serious one. To lose the support of the old middle class will be dangerous, even disastrous. For although the Tories have attracted thousands of former Socialist votes in the last two elections, these do not represent the solid electoral support that the old middle class has offered.

Perhaps in time the government may be able to reduce taxation. Before this can be done, it must halt inflation, expand constructive investment in industry, and increase the gold and dollar reserves. Each of these depends to a great degree on economic factors with world-wide ramifications. The old middle class understands this and is justifiably suspicious of "pie in the sky" promises.