If anyone can explain Black Wednesday to me, or the connection between interest rates & inflation, or recommend a good site that explains it, I will owe you my Politics A-level :)
ugghh i am now doing politics degree and i still dont really get it. but black wednesday is when britain dropped out of the European Exchange Rate Mechanism (ERM) which basically just attempted to promote economic stability across the EU. but when i did my politics a-level, they weren't really interested in what black wednesday actually was, more what it represented for the government at the time. i dont think this is a very helpful response.
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i dont think this is a very helpful response.
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