“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit…people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less…coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.”

—  Nigel Lawson

Speech to the Conservative Party Conference (13 October, 1988).

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Nigel Lawson 22
British Conservative politician and journalist 1932

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