in 1558629 20170119 135557 Chris Hogg wrote:
On Thu, 19 Jan 2017 11:10:50 +0000 (GMT), "Dave Plowman (News)"
wrote:

The fall in the value of the pound has already cost us more in increased
import costs than any net saving in EU contributions after we leave.

Conveniently ignoring the benefit to exporters, of course. Devaluation
is generally good for a country; why else did Harold Wilson devalue
the pound by 14% in 1967, and why else is the FTSE at record highs
ATM, why else is unemployment at its lowest value for 11 years. But
you always do do your best to present a miserable view, don't you.

Why was Wilson ridiculed for saying "it won't affect the pound in your pocket"?