Devaluation Staves Off Bankruptcy
Britain risks collapse as Harold Wilson weighs devaluation to 14.3 percent cheaper pounds. The plan hopes cheaper exports will cut deficits and curb inflation, but unions, management, and the government face a tough gamble with imports, wages, and prices.
MENTIONED IN THIS ARTICLE
London
Britain
Harold Wilson
West Germany
Wich
Prices and Incomes Board
Trades Union Congress
Confederation of British Industry
France
Japan
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