On 5 September, when the TUC unanimously rejected wage restraint, it was the end of an era, and all the financiers, all the little gnomes in Zürich and other finance centres about whom we keep on hearing, had started to make their dispositions in regard to sterling.
From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn’t mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.
I get a little nauseated, perhaps, when I hear the phrase ‘freedom of the press’ used as freely as it is, knowing that a large part of our proprietorial press is not free at all.
