Articles

The past.. weighs like a nightmare on the brain of the living: 1992-2016 Lamont-Osborne

In Uncategorized on March 21, 2016 by kmflett

lamont

The quotation is from Marx’s Eighteenth Brumaire

It reflects the re-appearance of the Tory nightmare. On 15th September 1992 Tony Benn recorded in his diary that the ‘Government has made a hash of the economy’. The following day the Chancellor Norman Lamont took the UK out of the European Exchange Rate Mechanism as interest rates headed to 15%.

The Guardian reported the day here:

http://www.theguardian.com/business/2012/sep/13/black-wednesday-20-years-pound-erm

It was the start of major splits in the Tories over Europe in which Iain Duncan Smith played a part.

It was just 4 months after the Tories had won the 1992 General Election.

Cameron has lasted 9 months since May 2015 but the nightmare is back..

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