Norman The Rt Hon. Lord Lamont of Lerwick
Norman The Rt Hon. Lord Lamont of Lerwick

Lord Lamont (Norman Lamont) has been at the centre of British politics for many years and was the Conservative M.P. for Kingston upon Thames for 25 years. He was a Cabinet Minister under both Margaret Thatcher and John Major. He was heavily involved in the Thatcher reforms including privatisation that transformed the British economy. Norman Lamont was Chancellor of the Exchequer from l990-l993 and introduced three Budgets. This was a difficult and controversial time with a deep recession and Britain's exit from the ERM on "Black Wednesday". Despite all the criticisms made at the time, today many economists consider that the tough decisions taken laid the foundations for the boom following 1992. Sir Alan Walters, economic advisor to Lady Thatcher, in a letter to the Times described Lord Lamont in his post ERM situation "to be not only the most effective but also the bravest Chancellor since the war". Norman Lamont published a self-deprecating and amusing account of his time as Chancellor under the title "In Office". His book was described in the Independent newspaper as "Out of the top drawer of political memoirs".