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All my adult life I have seen British governments driven off their virtuous pursuit of low inflation by market problems or political pressures. I was under no illusions when I took Britain into the ERM. I said at the time that membership was no soft option. The soft option, the devaluer's option, the inflationary option, that would in my opinion be a betrayal of Britain's future.
John Major
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No written law has ever been more binding than unwritten custom supported by popular opinion.
Carrie Chapman Catt
John Major
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Born:
March 29, 1943
(age 81)
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