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The chief reason why the old middle class is defecting from the Tory standard is that it believes that the Conservative governments since 1945 have not done enough to halt the drain on its incomes. Prices have risen sharply in the years since Chamberlain went to Munich. One estimate is that the 1938 income of £1,000 a year for a married man with two children would have to be raised to £4,000 to provide the same net income today. But in this class the number of men whose incomes have quadrupled or even doubled since 1938 is small.

What do the figures mean in terms of a family's life? They mean that to send the children to a public school, which the majority of this class regards as indispensable from a social and even occasionally from an educational standpoint, the father and mother must do without new clothes, books, the occasional visit to the theater. Instead of two regular servants, the family must "make do" with a daily cleaning woman. The family vacations in some quiet French or Italian seaside resort must be abandoned. The father and mother are unable to save and are increasingly worried about their future. They see a future decline in the family's social standards and economic health.