Nick Clegg speech on Lib Dem Brexit position

The transcript discusses the impact of the Brexit referendum on the British pound, highlighting a significant devaluation against the euro. It compares this to the 1967 devaluation under the Wilson government, emphasizing the resulting inflation and economic challenges. The devaluation has led to increased prices for imported goods, energy, and travel, affecting consumer spending and living standards. The Brexit squeeze is expected to make households financially worse off, even before formal negotiations begin.

What was the percentage decrease of the pound against the euro mentioned in the text?

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How did the devaluation of sterling in 1967 differ from the recent devaluation mentioned?

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What are the expected impacts of devaluation on food prices according to the text?

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What does the term 'Brexit squeeze' refer to in the context of the text?

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According to the text, how much worse off is the average household expected to be in 2017 compared to 2016?

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