Jul 212012

Lawson – Worst of the 1980s

It’s a bit rich that former chancellor Lord Lawson is telling the BBC that George Osborne should focus on the economy and jobs. But then again he knows a lot about mass unemployment, financial deregulation and the sell-off of state assets. Having caused the bust of the early 1990’s with his give-away budgets and interest rate policy that over-valued the pound – ultimately leading to the ERM fiasco. The Guardian reports Lord Lawson saying “I do think it might be sensible to give up the formal role and focus exclusively on his job as chancellor of the exchequer, which is a tremendously important job.” Now that is an understatement!

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