• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

MayorWatch

London News and Comment

  • NEWS
  • Twitter

BBC Parliament Reviews 1967 Devaluation

November 16, 2007 - Staff

BBC Parliament presents an evening of archive programmes and specially
filmed interviews with the politicians, civil servants and commentators
involved in the 1967 devaluation of the pound this Sunday, 18th
November.

At 9.30pm on Saturday 18 November, 1967, Harold Wilson’s Labour
government devalued sterling by 14.3 per cent. It came as a great shock
to some and a relief to others, as the government’s three-year defence
of the pound finally collapsed and the power of sterling diminished – a
momentous occasion carefully underplayed by Harold Wilson in his famous
broadcast: "It does not mean that the pound here in Britain, in your
pocket, in your purse or bank, has been devalued."

Forty years later, The Pound In Your Pocket follows the story of the
ailing pound as it unfolded at the time. From a currency in crisis and
devaluation in November 1967 to the harsh budget – "stage three of
devaluation" – in March 1968, it was a time of economic uncertainty,
humiliation and great hardship for the country.

Archive programmes featured throughout the evening include: Twenty-Four
Hours with Cliff Michelmore; The Money Programme with William Davis and
Alan Watson; the "grand inquisitor" Robin Day in the Our Money special,
containing Harold Wilson’s infamous "pound in your pocket" address;
Panorama with an appearance by a young David Dimbleby; and highlights
from Budget ’68 – Ian Trethowan and the team examine Roy Jenkins’s
deflationary budget live as the Chancellor removed £923 million from
the economy.

Sunday 18 November, 6.00pm-12.00 midnight BBC PARLIAMENT

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to print (Opens in new window)
  • Click to email this to a friend (Opens in new window)

RECENT UPDATES

TfL and Siemens unveil new Piccadilly line Tube train designs

852 new homes to be built in Acton by Transport for London

HGV operators in London urged to apply for a Direct Vision Standard permit

TfL proposes bus and tube cuts and annual fares increases to achieve long-term financial sustainability




Popular

1,700 extra Santander Cycles are coming to London’s streets

TfL confirms changes to Older Person’s Freedom Pass and 60+ Oyster card hours

TfL fares to rise in return for £1.6bn Government rescue package

Election for Mayor of London and London Assembly postponed until 2021

FEATURED

City Hall to move to Docklands as Mayor seeks to raise £55m for frontline services

‘Concern’ over TfL’s ability to deliver major projects in wake of Crossrail cost overruns

City Hall halts London Overground ticket office closures but many will still see opening hours reduced

Transport for London confirms bus cuts will go ahead despite passenger opposition

GOT A STORY?

As the original London news and scrutiny site we've been casting an eye over the capital's public services and politicians since 1999.

 

Many of our top stories started with a tip-off from a reader - if you've got something you'd like us to cover get in touch and we'll do the rest.

Stay In Touch

  • E-mail
  • RSS
  • Twitter

Copyright © 2021 MayorWatch Publications Limited · MayorWatch is Registered Trademark · All Rights Reserved · Contact Us · Terms of Use · Privacy Policy

MayorWatch Publications Limited · 20-22 Wenlock Road · London N1 7GU · Company Number 6291816

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.