The pound in your pocket hasn't devalued
When Harold Wilson said something like that it was obviously a lie. I've commented a few times on the somewhat bizarre return of the 'devaluationists' in economic commentary, led by Ambrose Evans Pritchard, who I seems to believe that every country in the world can, and should, devalue at the same time.But anyway, the point of this piece was I just bought four bottles of Champagne from the local off-licence for £40. So perhaps Wilson was right after all as its pretty good stuff.
update: Ooh, my head. Bloody Alistair Darling.
Labels: Churchill