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    Sid, Howard etc - it is a matter of public record. Mrs T was totally against EMU with her adviser Alan Waters. The row went on for several years including the period of Nigel Lawson's Chancellorship who started the row by shadowing the DMark. I remember now newspaper headlines callng on her 'to back her brilliant Chancellor'. The pressure was such that she did have to give way in the end to John Major. She and Sir Alan were lonely voices at the time. Do your own news searches to get confirmation. She was up against the whole establishment and yes that did include Labour/Libs/TU/CBI and most of the media, sadly the pro-EEC Tories were relatively strong at the time and added to that unholy alliance.

    Oh, Howard - so called Black Wednesday was under John Major's premiership and a couple of years into it. I prefer to call it 'White Wednesday' because it provided the means to crash out of EMU and get the recovery under way.

    I remember the day very well, working in finance I was watching the interest rate movements that day with a lot of professional concern. Lamont had to abide with the rules of EMU in defending the pound but it was clear early in the day that it was a token gesture, sterling was on the run and we would crash out, we did and sanity returned to our economy.

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