THERE is nothing wrong with my grip of history Mr Warner (SA, February 2). I said... three big loans, three slumps and three devaluations, all under Labour and I stand by it.
In 1946 a big loan from America, devaluation in 1949 and a big slump in 1951 - Labour out.
Next Harold Wilson’s government, devaluation, a big loan from the IMF and slump, out Labour went again. And now to the present day - devaluation, billions of pounds in loans that all have to be paid back and you can’t deny we are in a slump situation big time.
All of these were under Labour, sow where was I wrong? There is nothing wrong with my grip of history, I have been here for all three of them.
MAURICE DARLING Karslake Close Eldene Swindon
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