# data[].attributes.attachment_link.title
Unravelling of the Post-War Consensus 1970-1979 Social Developments

# data[].attributes.body
Week 11 - Unravelling the Post-war

# data[].attributes.body
Week 9 - Wilson's Foreign Policy

# data[].attributes.body
Youth culture mind map

# data[].attributes.body
Devaluation article

# data[].attributes.attachment_link.readable_text
1967: Wilson defends 'pound in your pocket'
The Prime Minister, Harold Wilson, has defended his decision to devalue the pound saying it will tackle the "root cause" of Britain's economic problems.
The government announced last night it was lowering the exchange rate so the pound is now worth $2.40, down from $2.80, a cut of just over 14%.

The decision came after weeks of increasingly feverish speculation and a day in which the Bank of England spent £200m trying to shore up the pound from its gold and dollar reserves.

In a radio and television broadcast this evening, the Prime Minister said devaluation would enable Britain to " break out from the straitjacket" of boom and bust economics.

The only alternative, he said, was to borrow heavily from governments abroad - but the only loans on offer were short-term ones.

The government inherited an £800m deficit from the Conservatives when it was elected three years ago.

Mr Wilson said Labour had managed to reduce the deficit, but the cost of hostilities in the Middle East, the closure of the Suez Canal and the disruption to exports through the dock strikes had contributed to the strain on sterling.

He said: "Our decision to devalue attacks our problem at the root and that is why the international monetary community have rallied round.

"From now the pound abroad is worth 14% or so less in terms of other currencies. It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.

"What it does mean is that we shall now be able to sell more goods abroad on a competitive basis."

Defence cuts

The government hopes a boost for British exports in turn will lead to increased production and more jobs at home.

The bank lending rate has been raised to 8% and there will be cuts of £100m in defence spending and in some capital expenditure programmes.

Although there are likely to be increases in the cost of some goods imported from abroad, such as certain foods, the government hopes this will not feed into excessive wage demands.

Conservative leader Edward Heath has also appeared on television to reply to Mr Wilson's broadcast.

He accused the Labour Government of failing in one of its foremost duties - to safeguard the value of the country's money.

He said: "Having denied 20 times in 37 months that they would ever devalue the pound, they have devalued against all their own arguments."

# data[].attributes.attachment_link.title
BBC ON THIS DAY | 19 | 1967: Wilson defends 'pound in your pocket'

# data[].attributes.attachment_link.description
1967: Wilson defends 'pound in your pocket' The Prime Minister, Harold Wilson, has defended his decision to devalue the pound saying it will tackle the "root cause" of Britain's economic problems. The government announced last night it was lowering the exchange rate so the pound is now worth $2.40, down from $2.80, a cut of just over 14%.

# data[].attributes.body
Mau Mau Interview

# data[].attributes.attachment_link.description
In the 1950s, Mau Mau troops in Kenya fought for independence from Britain. Gitu wa Kahengeri is a Mau Mau war veteran.

# data[].attributes.body
Week 7 - The Swinging 60s

# data[].attributes.body
Week 7 - Wilson and Political Leadership

# data[].attributes.body
Flipped Learning Pack
(Week 5) British Foreign Policy

# data[].attributes.body
(Week 4) - Social Change

# data[].attributes.body
Keynesian Economics for dummies!

# data[].attributes.attachment_link.title
An Intro to Keynes’s The General Theory of Employment, Interest and Money - A Macat Economics Video

# data[].attributes.attachment_link.description
Employment levels are determined by aggregate (total) demand rather than by the price of labor. Economies should not be expected to automatically right themselves after a temporary shock. Watch Macat's short video for a great introduction to John Maynard Keynes's The General Theory of Employment, Interest and Money, one of the most important economics books ever written.

# data[].attributes.body
Articles!

# data[].attributes.body
Worksheets for Class!

# data[].attributes.body
Useful documents!

# data[].attributes.body
Flipped Work!

# data[].attributes.body
Flipped Learning Pack (Week 3). The Economy

# data[].attributes.body
Post-war political thought (Week 2)

# data[].attributes.body
Burger Essay Template

# data[].attributes.body
Conservative Dominance Flipped Learning Pack (week 2)