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London CNN —Tourists who fancy getting a top-down view of London may soon be able to book themselves a room in the city’s famous BT Tower. Situated in Fitzrovia, central London, it was officially opened by the then-prime minister, Harold Wilson, the following year. An aerial view of the BT Tower Tim Motion/Construction Photography/Avalon/Getty ImagesOriginally known as the Post Office Tower, the building was designed to relay microwave signals carrying telecommunications from London around the country. It remained London’s tallest building until 1980, when it was overtaken by the NatWest Tower in the financial district. It’s been a privilege to adapt the TWA Flight Center into new use for future generations, as it will be the BT Tower.”
Persons: Harold Wilson, Tim, Brent Mathews, “ It’s, Eero Saarinen’s, John F, Kennedy, Muhammad Ali, Tyler Morse, Morse, It’s Organizations: London CNN — Tourists, BT, , BT Group, British, Post, NatWest, MCR, TWA, Big Apple, Art Deco New Yorker, TWA Flight, Center Locations: London, Westminster, Fitzrovia, England, New, JFK
Opinion | A Smart Way to Turn Gambling Into a Virtue
  + stars: | 2023-07-28 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
Initially proposed to cope with debt from the Nine Years’ War (1689-97), the Million Adventure offered 100,000 tickets at £10 each. The Million Adventure was also a saving program, in that it paid ticket holders a £1 per year until 1710, or a 6.15 percent annual return. Harold Wilson, then the shadow chancellor of the Exchequer, called Premium Bonds a “squalid raffle,” but the British people rushed to buy them. Today about one in three Britons owns Premium Bonds. It has taken longer for prize-linked savings to catch on in the United States, but it’s happening.
Persons: we’re, Benjamin Franklin, Murphy, Harold Wilson, Truist’s Organizations: American Gaming Association, Sports, Britons, Bonds, InTouch Credit Union of, Yotta Technologies Locations: U.S, United Kingdom, British, Denmark, Ireland, New Zealand, Sweden, United States, InTouch Credit Union of Plano , Texas
Factbox: A history of UK currency crises and crashes
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +5 min
The currency fell as low $1.0327 at one point. read more It has fallen almost 8% since Thursday and 21% since the start of the year, a pace drawing comparisons with the currency crises that have marked Britain’s post-war history. Britain also used some creative accounting to hide the extent of its foreign exchange reserves losses, such as in a 12.5 billion pound "secret negative forward book". Against a soaring U.S. currency swelled by global trade imbalances, parity with the dollar - once unthinkable - became a real possibility. A briefing to the media in January 1985 from Prime Minister Margaret Thatcher’s press secretary, intended to reassure financial markets, backfired badly.
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