26 JANUARY 1985, page 17

The Real Sterling Problem

Harold Lever riomment on sterling's recent precipi- tous decline continues to focus on superficial factors. The fall in oil prices, and prospects of further falls, are certainly......

The Press

Playing the fool Paul Johnson D uring the recent so-called sterling crisis, the Tory government received the worst press, all things considered, since it took office in 1979.......