| Description | Pressure on sterling from late 1964 onwards. Many letters from Governor George Rowland Stanley Baring, Earl of Cromer to Prime Minister, Chancellor and Sir William Armstrong. Balance of Payments as election issue. Public (printed) statement by HM Government (HMG) on economic situation, October 1964. Reactions in Basle. Bank rate 7% (from 5%), November 1964. Renewal of 3bn dollar Basle facility despite G10 misgivings, February 1965. Details of Government measures, October 1964 - July 1965. |