Lamont tells MPs of his 'uncomfortable experience.' (former UK Chancellor Norman Lamont's speech about the credibility of the government) (Transcript)
Article Abstract:
The former UK Chancellor of the Exchequer Norman Lamont addressed the House of Commons on June 09, 1993, after his sacking in the Cabinet reshuffle. He considered that the recession was not the worst since the second world war. He felt it was caused by the boom of 1988 and 1989 and not by membership of the Exchange Rate Mechanism. He recommended the establishment of an independent central bank. He advised the government to take less notice of pollsters and party managers to implement long-term strategy.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
'I have no intention of engineering a short-lived boom.' (edited extracts of Chancellor Norman Lamont's Autumn Statement) (Transcript)
Article Abstract:
Chancellor of the Exchequer Norman Lamont gave his 1992 Autumn Statement to the House of Commons. A new monetary policy with interest rates set to British monetary conditions targets low inflation. A suitable balance between fiscal and monetary policy with controlled public expenditure is necessary. The government considers the best way to increase long-term growth is to make markets more efficient. Mr Lamont introduced tight public expenditure plans and a Minimum Lending Rate of 7%.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
'The opportunity to rebalance policy.' (extracts from chancellor Norman Lamont's 'Mansion House' speech at Guildhall) (Transcript)
Article Abstract:
Sterling has depreciated significantly in the six weeks since Britain left the exchange rate mechanism (ERM), enabling exporters to win more foreign business. A secure fiscal position is vital to keep interest rates down. Supply-side reform is essential. Government accounts will be constructed to differentiate between current and capital transactions from Dec 1993. A Forecasting Panel of independent members will assess the economy.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Mr Brown has offered the party a vision of his future. The iron chancellor is set to face his sternest test. There are limits to the gullibility of the middle class
- Abstracts: Gay owners told to put it in writing. A town that's the centre of the universe
- Abstracts: Remote Smith is accused of complacency. Oh Mr Mandelson, will they ever love you?
- Abstracts: West drags its feet while innocents suffer. What the leaders of Europe agreed. Clinton stuck to 'coward's war' strategy
- Abstracts: Giscard d'Estaing bides his time. For Mitterand the imperial age is over