Quote:
Originally Posted by Mr K
Well he, along with every living Prime Minister, including Theresa, campaigned to remain in the EU. They must know something about how our trade works. Ever since the vote our Govt. has been in chaos.
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He knew very little, was a heavy defender of the ERM (Exchange Rate Mechanism) and Mrs T. warned him about it but to no avail, the £ crashed out of the ERM, AKA "Black Wednesday".
During the ERM crisis interest rates had peaked at 12%, can you imagine that happening today, and peoples mortgages payments literally increasing tenfold.
I'll be taking no lectures from Major on financial & trade issues.