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In any event , the OECD said , with the expected boost to demand coming from lower interest rates and the exchange rate , " fiscal consolidation is now undoubtedly called for. " The pound tumbled to a record low against the Deutsche mark on Wednesday as the British government was forced to insist yet again that it had not abandoned its currency , and as the markets threatened anew to wreak havoc with the economic plans of Europe 's governments .. Now , suppose , for instance , our government had received certain intelligence that the British government had formed a scheme to attack New York , next April , with ten thousand men ; would it not be proper immediately to prepare against it ?