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Peter Jay and 'the pound in people's pocket'

As the pound continues to fall the ÃÛÑ¿´«Ã½ Radio 4's PM asks former economics editor Peter Jay whether the pound has undergone a devaluation.

Jay was a civil servant in the Treasury in the early 1960s when Harold Wilson was prime minister.

(Picture: Peter Jay Credit: ÃÛÑ¿´«Ã½)

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2 minutes

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