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There are going to be no devaluations, no leaving the ERM. We are absolutely committed to the ERM. It is at the centre of our policy. We are going to maintain sterling's parity and we will do whatever is necessary, and I hope there is no doubt about that at all.
Norman Lamont -
The politician's prayer is: May my words be ever soft and low, for I may have to eat them.
Norman Lamont
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The green shoots of economic spring are appearing once again.
Norman Lamont -
Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.
Norman Lamont -
What is the right exchange rate at one point is not necessarily the right exchange rate at another.
Norman Lamont