DEVALUATION IS DESCRIBED AS GREAT “SWINDLE”
LONDON, September 23 (Rec 9 a.m.).—By 'devaluing the pound the British Government was trying to put across the biggest swindle in history, said the general secretary of the Communist Party, Mr H. Pollitt, tonight, speaking at’Sheffield. He claimed that the Government was trying to persuade the nation that devaluation was the only way to solve Britain’s economic problems. This, he said, was untrue. Devaluation was the , signal for fierce cut-throat competition for the limited markets of the capitalist world. “Sir Stafford Cripps’s claim that the sacrifices would be shared equally was blown to smithereens last Monday by the disgraceful exhibition outside the z Stock Exchange when £150,000,000 was raked in in a few hours by speculators,” he added. Mr Pollitt said that when Parliament meets this week it should be bombarded by workers’ demands for a policy that would protect their living standards and prevent mass unemployment. The mass of the unionists should demand higher wages. “Go slow” moves and official and unofficial strikes should receive every support. ____________
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Greymouth Evening Star, 26 September 1949, Page 5
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174DEVALUATION IS DESCRIBED AS GREAT “SWINDLE” Greymouth Evening Star, 26 September 1949, Page 5
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