The American settlement has created a very interesting situation in domestic English politics—a situation in which there are bound to be developments, mough no one can yet say what they will be. It is still very arguable whether the decision of the nation to return to party politics immediately after the German collapse was a wise one. There are arguments in favour of a National Government and arguments against one. An advantage of party politics is certainly that an effective opposition has an important part to play in keeping die Government up to the mark. The absence of such an Opposition in war-time does not so much matter, for then we have the enemy to perform this function of pace maker. But a National Government in peace-time certainly runs the danger of contracting fatty degeneration of the heart.