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  Ed - Norman Lamont was the Chancellor at that time and he at least had a reason for his actions that day, he was following the rules of EMU. The whole problem in fact was only created by our membership of this original attempt to get a common European currency. That was actually a good day for the UK economy, our exit from EMU sparked our economic recovery from that recession and was a lesson that stopped us becoming tied in to the Euro. Before then all the establishment including all political parties, the trade unions, most of the press and CBI were in favour of European currency union. Opposing it were Mrs T (forced into it not long before she resigned by her chancellor John Major) and her adviser Alan Waters. George Soros deserved every penny he managed to make from that because he saved the UK a whole lot more cash in the long run.
  
  I do not disagree that many bankers are idiots, I am not a fan of banks as I regularly deal with the consequences of their actions, but what I will not join in is the common misconceptions that are leading Labour politicians to use them as scapegoats for their own errors.
  
  So Reg I see that you are again not entering an intelligent conversation on the subject but we live in hope but I will not be holding my breath.

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