Norman Lamont was Chancellor of the Exchequer in John Major's government during one of the stormiest and most momentous periods in the UK's economic history, which encompassed both Britain's withdrawal from the Exchange Rate Mechanism and the recession of 1990-93. In this frank memoir of his time at the Treasury, he describes what it was like to live through this period day by day; its pressures and its moments of high drama and high farce. He recounts the events leading up to Black Wednesday - when the Bank of England lost billions unsuccessfully defending the pound - and reveals for the first time the full story of what happened that day.

In Office

Biographies & Memoirs

Lamont, Norman

Leaders & Notable People

Little. Brown and Company

<p>Norman Lamont was the Chancellor of the Exchequer who fought in 1991-92 to keep Britain inside the European monetary system, and who in 1995 is now its most vociferous critic. In this book Lamont reveals how, in his view, Britain had lost control of her own economic policy, and how Europe had convinced him from the inside that never again must Britain allow its affairs to be run by France, Germany or anyone but itself. He gives information on how the European Union is now an alliance of "France and Germany first". He explains how in 1991 he beat off the pressure from Jacques Delors in Brussels, 10 Downing Street and the Foreign Office to make ERM membership binding on Britain, and he tells why, in his opinion, Europe's exchange rate mechanism and single currency are headed for disaster. Lamont is the leading Conservative to think the unthinkable - that Britain may yet have to come out of the European Union. He believes that his is the vision of Britain's brightest future - a country free and independent, sovereign and wealthy, cut loose from the utopian dreams of Brussels.</p>

Sovereign Britain

Business & Money

Economics

International Publishers Marketing

How did Britain's Conservative Party, the most successful political machine in Western Europe and in power for nearly two decades, come to end its reign in electoral disaster? Were the splits in the party over Europe inevitable? Was the party unleadable, or did it lack leadership? Norman Lamont, Chancellor of the Exchequer for John Major, addresses these and other questions in a book that will be seen by historians as one of the definitive accounts of the Major years.

Little, Brown Book Group

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