In his assault on the euro, Lawson failed to mention his support for the warm up for the single currency – the European exchange rate mechanism. The former chancellor resigned from the cabinet in 1989 after Margaret Thatcher refused to distance herself from her late economic adviser, Sir Alan Walters, after he described the ERM as "half baked". As I blogged last month, Lawson explained to William Keegan in 2007 why he supported the ERM but not the single currency.I've only ever (so far) seen my Mum cry twice; once when her mum (my Gran) died and once in 1992 when my Dad was telephoning her constantly to give updates on the interest rates during black / white Wednesday which ultimately led to the UK's exit from the ERM. At those levels of interest rates in the afternoon we were certain to be homeless. I have never forgotten it and will never forgive.
In light of Lawson's comments today Nigel Farage has invited him to join UKIP:
So I want to be clear, I don't want the wanker Lawson anywhere near UKIP; if he does join (probably unlikely) then I'm off, membership lapsing - the lot.
UKIP Leader Nigel Farage is writing to Lord Lawson, Baroness Thatcher's former Chancellor, with an invite to join UKIP after Lawson has called for a fundamental change in the European Treaties and the UK's relationship with the European Union.