Norman Lamont was Britain’s Chancellor of the Exchequer from November 1990 until May 1993, presiding over the withdrawal of sterling from the Exchange Rate Mechanism and what quickly became known as Black Wednesday. He has since been described by the economist Sir Alan Walters as “not only the most effective, but also the bravest Chancellor since the war.” In 1998 he was made a life peer, entering the House of Lords as Lord Lamont of Lerwick.
Lord Lamont, who was one of the keynote speakers at the recent Limassol Economic Forum, spoke exclusively to Gold.