[Politics] Black Wednesday

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AK74

Bright-eyed. Bushy-tailed. GSOH.
NSC Patron
Jan 19, 2010
1,374
1726496581346.png
 




Weststander

Well-known member
Aug 25, 2011
69,311
Withdean area
The obsession with the ERM (and eventual €). Naive, Soros and the markets had a field day with Major/Lamont’s baseless experiment, at our expense. Well done hapless John.

The silver lining was the appointment of Ken Clarke who built a recovery that lasted until 2017.
 
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LamieRobertson

Not awoke
Feb 3, 2008
48,426
SHOREHAM BY SEA
Was that the day base rates jumped from 12% to 15%?

i remember interviewing a couple running a restaurant in East Sussex who were in arrears with their commercial mortgage …..came out after ….heard the news and thought they’re f****d
 




















Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,323
Living In a Box
Good old Lamont went home and sang in the bath after that car crash
 






Dick Swiveller

Well-known member
Sep 9, 2011
9,531
Was Norman Lamont the one with the yoghurt pot on his head?

#nichereference
 


Triggaaar

Well-known member
Oct 24, 2005
53,183
Goldstone
Major raised interest rates from 10% to 12% in the morning, to 15% in the afternoon. The next day back to 10%.

Now that is a PM with his finger on the pulse, reacting to events real time
 






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