“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

Robin Oakley and Colin Narborough, "Lamont shows his determination to sink or swim with the pound", The Times, 27 August 1992.
Statement on the morning of 26 August 1992, at the start of the economic problems which eventually produced Black Wednesday.

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Norman Lamont 9

British politician 1942

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