The blind and impoverished John Milton sells the copyright of ''Paradise Lost'' for £10.

The United Kingdom government devalued the Pound sterling from $2.80 to £2.40.

The United Kingdom introduces the British fifty-pence coin, which replaced, over the following years, the British ten-shilling note, in anticipation of the decimalization of the British currency in 1971, and the abolition of the shilling as a unit of currency anywhere in the world. (Canada, Australia, New Zealand, Hong Kong, etc., had already abolished the shilling in favor of a decimal currency with exactly 100 pence per pound sterling or dollar, whichever was applicable.}

Black Wednesday: the Pound Sterling is forced out of the European Exchange Rate Mechanism by currency speculators and is forced to devalue against the German mark.