Those who advocate devaluation are calling for a reduction in the wage levels and the real wage standards of every member of the working class.
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Notes from Wikiquote
The government was forced to devalue in November 1967.
More quotes by James Callaghan
A leader must have the courage to act against an expert's advice.
A leader has to appear consistent. That doesn't mean he has to be consistent.
I think there is a case for opening a national debate on these matters.
Now that the House of Commons has declared itself, we shall take our case to the country.
Attribution
Quote text and notes from Wikiquote: James Callaghan (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.