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There are going to be no devaluations, no leaving the ERM. We are absolutely committed to the ERM. It is at the centre of our policy. We are going to maintain sterling's parity and we will do whatever is necessary, and I hope there is no doubt about that at all.

— Norman Lamont

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Notes from Wikiquote

Statement on the morning of 26 August 1992, at the start of the economic problems which eventually produced Black Wednesday.

More quotes by Norman Lamont

What is the right exchange rate at one point is not necessarily the right exchange rate at another.

The green shoots of economic spring are appearing once again.

Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.

My wife said she'd never heard me singing in the bath until last week.

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Attribution

Quote text and notes from Wikiquote: Norman Lamont (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.