I like the sound of thisMay 26, 2019 Tim WorstallPolitics6 CommentsNever again can Labour find itself on the wrong side of a historic choice Tom Watson So that’s socialism dead then. previousBetter abolish the equality watchdog thennextAn interesting question 6 thoughts on “I like the sound of this” Kevin Lohse May 26, 2019 at 7:22 am Labour has been on the wrong side of historic choices ever since Wilson told us that ,”the pound in our pockets would not be devalued,” with decimalisation. Cue 6% inflation, which was a lot in those pre-Maastrict, pre-Winter of Discontent, days. If Labour ever manage to rid themselves. of the opium dream that the State can create wealth, rather than the reality that the State destroys wealth, then the chances of staying on the right side of historic choices might just increase. Bernie G. May 26, 2019 at 8:41 am Is this the same Tom Watson who was chief cheerleader for the fantasist Nick? Maritime Barbarian May 26, 2019 at 9:39 am The “pound in your pocket” quote was not connected to decimalisation. It was said by Wilson after devaluation in 1967. He said people might fear they would have lower wages. But it was exactly the pound in our pockets that HAD been devalued in terms of dollars, marks etc. £1 = $2.40 instead of $2.80. Hallowed Be May 26, 2019 at 10:16 am Never again should the deputy leader be on t’ other side of the leader’s choice. Penseivat May 26, 2019 at 10:31 am Wilson was correct. The Pound in your pocket would not be devalued. It was only when you took it out of your pocket that it was devalued. That was the first time I understood political selective speech. Kevin Lohse May 26, 2019 at 10:28 pm @ maritime Barbarian. You are, of course, correct. apologies for the failing memory of an old fart. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.