Harold Wilson decides to devalue the pound by nearly 15% in order to ' break out from the straitjacket' of boom and bust economics. The decision was controversial and prompted Wilson to reassure the public that the 'pound in your pocket' would not be worth any less.
Art and science
The Beatles release Sergeant Pepper's Lonely Hearts Club Band, with a record sleeve designed by pop artist, Peter Blake. The band's musical experimentation and colourful new look was an example of psychedelic, and the LP is often regarded as one of the first concept albums.
Che Guevara is captured and executed in Bolivia. The guerrilla leader and revolutionary icon was hunted down by the CIA and captured and shot by Bolivian Special Forces. He had been leading Bolivian insurgents in an attempt to overthrow the government.