harold wilsons gov 1964-1970. Flashcards
1
Q
devaluation.
A
-went from 2.80 to 2.40 losing value of the pound.
-had to borrow from the imf and they had already borrowed 1 billion three years before.
-showed that the government had lost control of their finances made they look weak.
-attempted to put the blame on the trade unions.
