Norman Lamont Quotes

7 Sourced Quotes

Rising unemployment and the recession have been the price that we've had to pay to get inflation down. [Labour shouts] That is a price well worth paying.

Norman Lamont
The turn of the tide is sometimes difficult to discern. What we are seeing is the return of that vital ingredient—confidence. The green shoots of economic spring are appearing once again.

Norman Lamont
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
There is something wrong with the way in which we make our decisions. The Government listen too much to the pollsters and the party managers. The trouble is that they are not even very good at politics, and they are entering too much into policy decisions. As a result, there is too much short-termism, too much reacting to events, and not enough shaping of events. We give the impression of being in office but not in power. Far too many important decisions are made for 36 hours' publicity.

Norman Lamont
What is the right exchange rate at one point is not necessarily the right exchange rate at another.

Norman Lamont
My wife said she'd never heard me singing in the bath until last week.

Norman Lamont
As a result of uncertainties caused by the French referendum, massive speculative flows have continued to disrupt the functioning of the exchange rate mechanism. As Chairman of Ecofin I have tonight called an urgent meeting of the EC's monetary committee to consider how stability might be restored to the markets over the next few days.
In the meantime the Government has decided that Britain's best interests would be best secured by suspending our membership of the ERM with immediate effect. As a result, the second of the two interest rate rises announced today will not take effect.

Norman Lamont