Pound Foolish
Kit McMahon, 9 May 1996
Politics and the Pound: The Conservatives’ Struggle with Sterling
by Philip Stephens.
Macmillan, 364 pp., £20, March 1996,0 333 63296 6 Show More
by Philip Stephens.
Macmillan, 364 pp., £20, March 1996,
“... devaluations and revaluations from time to time. According to Stephens, Thatcher, Major and Sir Peter Middleton (Treasury Permanent Secretary) all believed they could readjust the sterling rate if necessary. But by 1990 there had been no general realignments in the system for almost four years. The participants were increasingly focused on moving to a ... ”