United Kingdom Financial Situation
1992-09-25T02:26:00-04:00https://images.c-span.org/Files/301/19920925022855001_hd.jpgIn an excerpt from a special session of the British House of Commons, members spoke on the recent currency crisis affecting the British pound. The previous Wednesday, the British government removed the pound from the European monetary system after efforts to stabilize it through manipulating interest rates were unsuccessful. Members questioned Britain’s ability to join in the unification of Europe through the Maastricht treaty, which France approved in a referendum the previous Sunday.
In an excerpt from a special session of the British House of Commons, members spoke on the recent currency crisis affecting the British pound.… read more
In an excerpt from a special session of the British House of Commons, members spoke on the recent currency crisis affecting the British pound. The previous Wednesday, the British government removed the pound from the European monetary system after efforts to stabilize it through manipulating interest rates were unsuccessful. Members questioned Britain’s ability to join in the unification of Europe through the Maastricht treaty, which France approved in a referendum the previous Sunday. close
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John Major Prime Minister
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