Reading comprehension

Read the following unedited extract from Lord Campbell of Alloway's speech on 9 June on why the Government should never have given away their fiscal powers to the Bank of England.

You have 5 minutes.

Retention of fiscal and budgetary control is not only requisite for the reasons already given, but also for the protection of the realm from those who believe it to be the will of God to destroy themselves if in the process they can destroy us.

There has to be an immediate long-term continuing massive financial commitment of which the budget has to bear and has to take into account not only for the defence, intelligence, emergency services, but for the British Council, the diplomacy, the World Service and aid for the rehabilitation of those deprived of their homes and human dignity assailed by deadly high-tech weaponry, deathly, that they do not possess.

1. Discuss Lord Campbell's apparent assertion in the first paragraph that there is a link between setting interest rates and international terrorism.

2. What's the World Service doing in there?

3. Follow closely the logic and grammar of the second paragraph. Why does the noble Lord sound like unreliable translation software?

4. What the hell is he talking about?