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Norman Stewart Hughson Lamont, Baron Lamont of Lerwick, PC (born 8 May 1942) is a British politician and former Conservative MP for Kingston-upon-Thames. He served as Chancellor of the Exchequer from 1990 until 1993. He was created a life peer in 1998. Lamont was a supporter of the Eurosceptic organisation Leave Means Leave.
However, the Bank of England only accepted orders during the trading day. When the markets opened in London the next morning, the Bank of England began their attempt to prop up their currency, as decided by Norman Lamont, the chancellor of the exchequer, and Robin Leigh-Pemberton, governor of the Bank of England.
23 de jul. de 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.
15 de set. de 2017 · Sep.15 -- Norman Lamont, former U.K .Chancellor of the Exchequer, looks back on "Black Wednesday," 25 years after the pound fell more than four percent against the dollar as the U.K. exited Europe ...
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9 de jun. de 1993 · Norman Lamont quit his post as chancellor of the exchequer in 1993, eight months after he was forced to withdraw sterling from the ERM. His resignation speech was a scathing attack on John Major's government, which faced a leadership crisis and a loss of credibility.
Chancellor Norman Lamont raised interest rates from 10% to 12%, then to 15%, and authorised the spending of billions of pounds to buy up the sterling being frantically sold on the currency...
British; Chancellor of the Exchequer 1990–3; Baron (life peer) 1998 Norman Lamont was educated at Cambridge, becoming president of the Union in 1964. After university he worked for a time in the Conservative Research Department, the nursery of many Conservative ministers, and then as a merchant banker.
