Letter From London

Letter From London High Price of Socialism ANTHONY LEJEUNE

Time and again during the past three years Harold Wilson declared that the pound would not be devalued, that this was not the solution to Britain’s problems. The Chancellor of the Ex- chequer said the same thing only a few weeks ago, adding that devalua- tion would mean a cut in the standard of living for everybody in Britain. Lesser Ministers were still saying it just before the pound was devalued.

AL

About the Author

Anthony Lejeune

Letter From London High Price of Socialism ANTHONY LEJEUNE

Time and again during the past three years Harold Wilson declared that the pound would not be devalued, that this was not the solution to Britain’s problems. The Chancellor of the Ex- chequer said the same thing only a few weeks ago, adding that devalua- tion would mean a cut in the standard of living for everybody in Britain. Lesser Ministers were still saying it just before the pound was devalued.