Nigel Lawson: Reforming chancellor dies aged 91

A sad day for all the former yuppies out there.

And people complain about the Tories today,they’ve always been the same.
AND calling his daughter Nigella,yeah thanks dad!

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Not a man whose policies, actions and beliefs I agreed with, liked or respected

But everyone’s passing is sad and a loss, so RIP and I’m sorry for his families grief

OK, I really am the thickest thicko from the Planet Thick, but until you posted that, I genuinely didn’t know she is his daughter!

:grimacing:

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Lawson was groundbreaking in his policies. At a time where we had 4 years of Callaghan destroying the country, the winter of discontent and 3 day working weeks, with the country at the mercy of the unions, Lawson and Thatcher turned it around.

The country should be eternally grateful

Three cheers, yuppie yuppie hoorah. :icon_wink:

You may be right though, Maggie and Niges trickle down, still feeling the aftershocks all these years on :smiley:

Yeah like having a job

Yeah, you can’t knock the quality of the crumbs of late.

So Callaghan was the golden years for you were they ?

You would have to rewind forty years to get the context back but, then does not matter now, it was all golden because it has bought us to where we are now, but, far more interesting back then.

I remember it well Spitfire.

The UK was destroyed by socialism.

If you lost your house owing to negative equity in the early 90s I’m sure you’ll be delighted to hear what a great chancellor he was

But didnt he lose us millions ,was 'nt it called Black Friday or was it someone else

edit…im thinking of this

The economic and political crisis of September 1992 had its origins in the raging boom of 1987 and 1988. Until then, the government of Margaret Thatcher had believed it had cracked Britain’s long-term economic problems, with several years of strong growth and low inflation in the mid-80s. The then chancellor, Nigel Lawson, decided that the best way to keep the cost of living in check was for the pound to shadow the German mark, believing that this would import Teutonic anti-inflationary zeal into the UK.

It was a policy disaster. Interest rates were cut to prevent sterling from rising and this led to an orgy of mortgage borrowing. House prices rose sharply and so did inflation, from a trough of just over 2% in 1986 to almost 10% in 1990. By that point Lawson had gone, but his successor – Major – decided that the way for Britain to kick its inflation habit for good was to join the ERM, a device by which European currencies had to trade within fixed bands against the mark. The central point of the UK’s band was DM2.95 and it was only allowed to fluctuate by 6% in either direction – from DM2.78 to DM3.13.

The Treasury was convinced that ERM membership would provide a solid anchor for monetary policy, and the decision to join in October 1990 was welcomed by all three main political parties, the CBI and the TUC.

Unfortunately, two things conspired to wreck the ERM experiment. Firstly, at that very moment the economy was plunging into a deep recession .

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The base rate when we took out our first mortgage was 10.875%, that was a lot of overtime.

Lamont was chancellor under Major. Lamont deliberately set the GBP on the “glide path to monetary union” with the Euro without any mandate.

when Germany went bang it took down down the GBP and Lamont had to quickly undo all the work he was doing behind peoples backs and the truth was uncovered.

Lawson was a eurosceptic who is hated by the left because he fixed the disaster caused by socialism with conservatism.

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I saw him in his powder blue rolls …sexy car :blue_car: stuck in a traffic jam I looked across and there he was … gave him a wink.
Rest in peace Nigel even though your actions lead to the the late 80s crash !

Go back even further Ripple, you could blame this on Mohammed.

This thread isn’t about Mohammed

I know, I was just demonstrating that if you continue to join the dots of blame, you will eventually get to God or Mohammed and you can blame them.

To think this was Lawsons fault is simply absurd.