The Mudcat Café TM
Thread #113160 Message #2406823
Posted By: Don(Wyziwyg)T
06-Aug-08 - 02:41 PM
Thread Name: BS: If you see Sid tell him . . .
Subject: RE: BS: If you see Sid tell him . . .
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.