Conspire Slowly, Act Quickly
David Runciman: Thatcher Undone, 2 January 2020
Margaret Thatcher: The Authorised Biography Vol. III: Herself Alone
by Charles Moore.
Allen Lane, 1072 pp., £35, October 2019,978 0 241 32474 5 Show More
by Charles Moore.
Allen Lane, 1072 pp., £35, October 2019,
“... It became clear that Britain had joined at too high a rate in 1990. When German interest rates rose in the aftermath of reunification the consequences were ruinous for Major’s strategy, with the Bank of England unable to defend sterling, despite putting interest rates up by two points in a single day. The German rate rise was a consequence of the ... ”