"The immediate occasion for alarm is the government's announcement that British contractors for supplying armaments to our armed forces must in future share the work with what are called ‘European firms’, meaning factories situated on the mainland of the European continent. I ask one question, to which I believe there is no doubt about the answer. What would have been the fate of Britain in 1940 if production of the Hurricane and the Spitfire had been dependent upon the output of factories in France? That a question so glaringly obvious does not get asked in public or in government illuminates the danger created for this nation by the rolling stream of time which bears away the generation of 1940, the generation, that is to say, of those who experienced as adults Britain's great peril and Britain’s great deliverance. Talk at Bruges or Luxembourg about not surrendering our national sovereignty is all very well. It means less than nothing when the keys to our national defence are being handed over: an island nation which no longer commands the essential means of defending itself by air and sea is no longer sovereign...The safety of this island nation reposes upon two pillars. The first is the impregnability of its homeland to invasion by air or sea. The second is its ability and its will to create over time the military forces by which the last conclusive battle will be decided. Without our own industrial base of military armament production neither of those pillars will stand. No doubt, with the oceans kept open, we can look to buy or borrow from the other continents; but to depend on the continent of Europe for our arms is suicide."