Norman Lamont is a British politician and former Conservative MP for Kingston-upon-Thames. He served as Chancellor of the Exchequer from 1990 to 1993 and was a Eurosceptic leader of the Leave Means Leave campaign. He is a life peer, a director of various companies, and a former member of the House of Lords.
Norman Lamont (Isole Shetland, 8 maggio 1942) è un politico britannico. È stato membro del Partito Conservatore. Nel 1998 è diventato Pari del Regno Unito e membro della Camera dei Lords , con il titolo di Barone Lamont di Lerwick .
- Prelude
- The Currency Traders Act
- Aftermath
- The Cost of Black Wednesday
- See Also
- External Links
When the ERM was set up in 1979, the United Kingdom declined to join. This was a controversial decision, as the Chancellor of the Exchequer, Geoffrey Howe, was staunchly pro-European. His successor, Nigel Lawson, whilst not at all advocating a fixed exchange rate system, nevertheless so admired the low inflationary record of West Germany as to beco...
The UK government attempted to prop up the depreciating pound to avoid withdrawal from the monetary system the country had joined only two years earlier. John Major authorised the spending of billions of pounds worth of foreign currency reserves to buy up sterling being sold on the currency markets. These measures failed to prevent the pound fallin...
Other ERM countries such as Italy, whose currencies had breached their bands during the day, returned to the system with broadened bands or with adjusted central parities. Some commentators, following Norman Tebbit, took to referring to ERM as an "Eternal Recession Mechanism" after the UK fell into recession during the early 1990s. While many peopl...
In 1997, the UK Treasury estimated the cost of Black Wednesday at £3.14 billion, which was revised to £3.3 billion in 2005, following documents released under the Freedom of Information Act (earlier estimates placed losses at a much higher range of £13–27 billion). Trading losses in August and September made up a minority of the losses (estimated a...
open.edu 24, September 2009 Archived 28 May 2010 at the Wayback Machine, Martin Upton, head of the Centre for Financial Management at The Open UniversityBusiness School tells Ione Mako about the up...Eichengreen, Barry; Naef, Alain (2022). "Imported or Home Grown? The 1992-3 EMS Crisis". Journal of International Economics. Cambridge, MA. doi:10.3386/w29488. Our analysis focuses on a neglected f...Norman Lamont Hassan (born 26 January 1958) is a British musician of Yemeni and Welsh descent who is best known as being a member of UB40 since its foundation in 1978. Norman Lamont Hassan was born in Birmingham to Yemeni and Welsh parents, and attended Park Hill School and later Queensbridge School in the city.
- Jimmy Brown, Robin Campbell, Earl Falconer, Norman Hassan, Matt Doyle
- Birmingham, England
- 1978–present
- Ali Campbell, Yomi Babayemi, Jimmy Lynn, Brian Travers, Mickey Virtue, Astro, Duncan Campbell
23 lug 2018 · Norman Lamont, the former UK chancellor, disguised the true cost of Black Wednesday by building up a “secret” £12.5bn book of foreign exchange swaps, according to newly declassified memos ...