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Lord Lamont of Lerwick

Lord Lamont of Lerwick

British Chancellor of the Exchequer (1990-93)

Lord Lamont of Lerwick has played a pivotal role at the centre of British politics for more than thirty years. As a Member of Parliament, he served as a senior Cabinet Minister under Prime Minister Margaret Thatcher and Prime Minister John Major for whom he served as Chancellor of the Exchequer (Treasury Secretary).

Born and educated in Scotland, Lord Lamont was elected seven times to serve at Westminster. When he was first elected in 1974, aged twenty-nine, Norman Lamont was the youngest Conservative Member of Parliament. After a distinguished political career spanning twenty-five years in the House of Commons he was elevated in 1998 to the House of Lords. A committed Thatcherite, he was one of the earliest and strongest supporters of Margaret Thatcher and served in her Government throughout her eleven-year administration. He was a Minister in the Departments of Energy, Trade, Industry, Defence and Treasury.

In 1989, in recognition of his abilities and his loyalty, Mrs Thatcher appointed him Chief Secretary to The Treasury with responsibility for the national budget.

After the resignation of Margaret Thatcher, Lord Lamont was Campaign Manager to John Major, MP, during the 1990 Conservative Party Leadership Election. He served as his Chancellor of the Exchequer until 1993. During his term in office, in 1992 Lord Lamont became Chairman of the G7 group of Finance Ministers, and Chairman of the European Union Group of Finance Ministers. An expert in international finance, he handled Russia's negotiations with international financial institutions on behalf of Presidents Gorbachev and Yeltsin, and also represented Russia in negotiations to join the IMF.

Today an active member of the reformed House of Lords, Lord Lamont is a senior player in British and Conservative Party politics. Among his numerous international activities, he has since 1996 been Chairman of Le Cercle, a foreign policy Club founded by German Chancellor Adenauer after the War with members from over twenty-five countries. This group, which meets bi-annually in Washington DC, includes many senior intelligence experts and has a particular interest in the War against Terrorism.

Lord Lamont has been a frequent contributor to national and international publications including The Wall Street Journal, The Times of London, The Financial Times, The Daily Telegraph, and The Spectator. He has also produced two books. In Office (Little, Brown 1999), which was published in the USA and UK, was described by the Independent newspaper as: Highly engaging for sparkling conversation, wit, vehemence, colour and soap-opera appeal, it belongs in the top drawer of political memoirs. Sovereign Britain is a collection of political speeches (Duckworth, 1995).

After graduating from Cambridge University he worked for eleven years for N.M. Rothschild & Sons in the financial City of London, and was a director of their fund management company, Rothschild Asset Management. After returning to the private sector in 1993 he became a Director of N.M. Rothschild and Sons Ltd until 1995.

Currently, Lord Lamont is a Director of Scottish Annuity & Life Holdings Ltd, a reinsurance company quoted on the New York Stock Exchange, Balli Group Plc, the London-based international trading corporation, and a number of financial corporations. He has also been an advisor to the Monsanto Corporation and to the Government of Romania, and is Vice Chairman of the International Nuclear Safety Commission (Chairman Mikhail Gorbachev) and Chairman of the Oil Club of independent oil corporations.

Recent articles by Lord Lamont of Lerwick

THE IRON LEGACYWall Street JournalOctober 20, 2005
BOLIVIA PROVIDES A TRAGIC LESSON FOR LATIN AMERICAFinancial TimesOctober 19, 2005
FOCUS GROUPS? I THOUGHT WE ELECTED POLITICIANS TO MAKE BIG DECISIONSTelegraphJuly 11, 2005
A DIFFERENT ENDING TO EUROPE'S SCRIPTFinancial TimesJune 21, 2005
LORD LAMONT TAKES STANCE IN PROCEEDINGS REGARDING: "EU LAWS 'TURN PARLIAMENT INTO CHARADE'"The ScotsmanMay 15, 2004
MUSLIMS IN EUROPE FEAR FOR LOSS OF IDENTITY: LECTURE AT SZABISTHi PakistanFebruary 15, 2004

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