Fact Richard.

Harold Wilson devalued the pound, and added to that devaluation the inflation rate at the time totalled to a twenty percent drop in value over that year.

1979 election- At that point inflation stood at 21.9%, and Callaghan had borrowed several BILLION pounds from the IMF, which, incidentally, the Tories repaid, before going on to hand Tony B. Liar an inflation rate of just 2.5% in 1997.

Gordon is busy losing control of that as we speak.

Don T.