Twin peaks: the economy

Article Abstract:

Britain's Chancellor Norman Lamont hopes to deliver two fiscal-year budgets in 1993. The recent devaluation of sterling and interest rate cuts may have initiated a recovery, but Lamont will have to deal with deficits in the budget and balance of payments.

Balance of payments, Budget deficits

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Meltdown

Article Abstract:

Chancellor Norman Lamont withdrew the pound sterling from the ERM and it immediately dropped dramatically in value. The UK's change in policy about the exchange market has strained relations with Germany and the European Community.

Laws, regulations and rules, Prices and rates, Pound (United Kingdom), Foreign exchange market, Major, John

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Don't shoot the cyclist

Article Abstract:

The budget proposed by Norman Lamont is not allied with political interests, but it is simply aimed at helping economic recovery. His proposed tax cuts may meet with political opposition.

Economic development

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