New answers tagged 1970s
According to the autobiography of Lord Denis Healey, who was Chancellor of the Exchequer from 1974 to 1979, Britain only drew half of the IMF loan. Furthermore, he states that drawn amount were repaid in full by 4 May 1979, when the Labour government including himself left office. Moreover, I drew only half of the loan offered in return by the IMF, and ...
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