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.

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