• Short Summary

    A CROWD OF SEVERAL HUNDRED GATHERED OUTSIDE NO. 10, DOWNING STREET, LONDON TODAY CHANTING - "WILSON MUST GO".

  • Description

    A CROWD OF SEVERAL HUNDRED GATHERED OUTSIDE NO. 10, DOWNING STREET, LONDON TODAY CHANTING - "WILSON MUST GO". THE DEMONSTRATION FOLLOWED LAST NIGHT'S (SATURDAY'S) ANNOUNCEMENT OF THE DEVALUATION OF THE POUND STERLING, AN INCREASE IN THE BANK RATE AND HIRE PURCHASE RESTRICTIONS.

    BRITISH PRIME MINISTER HAROLD WILSON TONIGHT MADE AN ADDRESS TO THE NATION IN A TELEVISION BROADCAST TO EXPLAIN THE REASONS FOR THE MOVES.

    ACCORDING TO POLITICAL OBSERVERS, THE BRITISH GOVERNMENT TODAY CONSIDERED THAT ITS 14.3 PER CENT DEVALUATION OF THE POUND STERLING HAD BEEN SUCCESSFUL ON THE BASIS OF OVERSEAS REACTION.

    THE GOVERNMENT LAST NIGHT DEVALUED STERLING FROM THE 2.80 PARITY AGAINST THE U.S. DOLLAR IT HAD MAINTAINED SINCE 1949, TO A NEW PARITY OF 2.40. THIS WAS ACCOMPANIED BY NEWS THAT BRITAIN HAD BEEN OFFERED MASSIVE INTERNATIONAL CREDITS, AND AN ANNOUNCEMENT THAT FIRM MEASURES WOULD BE TAKEN TO RESIST ANY INFLATIONARY MEASURES AT HOME.

    SIX OF LONDON'S EIGHT SUNDAY NEWSPAPERS TODAY CONDEMNED THE LABOUR GOVERNMENT FOR BRITAIN'S ECONOMIC CRISIS. THE OTHER TWO, WHILE PARTLY CRITICAL, FELT THE GOVERNMENT HAD DONE THE RIGHT THING.

    MEANWHILE, AT LONDON AIRPORT PASSENGERS WERE ABLE TO EXCHANGE MONEY IN THE NORMAL WAY. CLERKS WERE KEPT BUSY ANSWERING QUESTIONS ABOUT THE NEW RATES OF EXCHANGE. BRITONS WILL BE UNABLE TO USE THEIR BANKS TOMORROW (MONDAY) DUE TO A ONE-DAY CLOSURE.

    A LABOUR GOVERNMENT WAS IN POWER IN 1949 WHEN THE POUND STERLING WAS LAST DEVALUED. THIS FILM SHOWS SCENES AT THE LONDON STOCK EXCHANGE AT THAT TIME.

  • Tags

  • Data

    Film ID:
    VLVAD6K8TVB679QGP5KVL1PYGAUVG
    Media URN:
    VLVAD6K8TVB679QGP5KVL1PYGAUVG
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:08:00
    Time in/Out:
    /
    Canister:
    N/A

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