A Breathing Space and Premature Optimism

  • Lord Robbins


My Lords, when we last discussed this subject, on the occasion of the Finance Bill in the summer, the position was very grim indeed. Funds were pouring out of the country at a disturbing rate. Rates of exchange were sustained only by the lavish use of support from abroad. The Press and the clubs were reverberating with hints or fears of imminent devaluation.


Current Account Income Policy Breathing Space Universal Disposition Capital Position 
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Copyright information

© Lord Robbins 1979

Authors and Affiliations

  • Lord Robbins
    • 1
  1. 1.The London School of EconomicsUK

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