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What’s the Context? 18 November 1967: Devaluation of Sterling

Posted by: Gill Bennett, Posted on: 17 November 2017 - Categories: Foreign Office Historians, What's the context? series
Prime Minister Harold Wilson with James Callaghan walking towards the camera. They both look happy

...Secretary George Brown, together with the TUC, took the traditional Labour view that devaluation was a betrayal of the working classes; the Bank of England was opposed on principle, although...

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