Before the Last Sterling Crisis up to £500 million had been invested by non-residents from abroad in our public works.
For example, the Financial Times said on 9th March:The Bank of England has this month completed repayments of all the special credits obtained in the U.S. at the time of Britain's Last Sterling Crisis in the summer of 1966.
It is worth reminding ourselves of what the Prime Minister said when he was the shadow Chancellor of the Exchequer and was commenting on the Last Sterling Crisis in 1992.