In October 1989, Nigel Lawson, the longest-serving Chancellor of the Exchequer since World War I, resigned after a very public row with the then Prime Minister, Margaret Thatcher. This biography deals with his time in office and the reasons behind his resignation.
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2 of 2 people found the following review helpful
By anozama
Format:Paperback
The eighties are generally known as the `Thatcher' years. It is easy, of course, in retrospect, to view Margaret Thatcher with a jaundiced eye, particularly remembering the caricature she became. Not so easy to find fault with this meticulous and tightly argued account provided by her high-powered Chancellor, Nigel Lawson.
There can be no doubt of Lawson's mastery of the economy, which forms the bulk of the memoirs. Interwoven, as you might expect, is a perceptive and intriguing political commentary, recounting his relationships with, and views on, the Unions, Margaret Thatcher, and his European colleagues.
There can be no doubt of Lawson's mastery of the economy, which forms the bulk of the memoirs. Interwoven, as you might expect, is a perceptive and intriguing political commentary, recounting his relationships with, and views on, the Unions, Margaret Thatcher, and his European colleagues.
Format:Hardcover
Lawson , the Chancellor that Margaret Thatcher lauded and then chose to ignore by consulting Alan Walters, whose alternative advisory role was the cause of Lawson's resignation, is an economist who had a clear, I don't say correct, view of the principles behind what he did. That is to say he had an economic theory that guided and gave consistency to what he did. In that respect he was a man of ideas, unlike Thatcher who was a magpie with no overall theory. His book includes an excellent chapter on his economic principles and is rigorous and entertaining. He is an intellectual and this is a book of ideas and economic principles. He describes the arrangements made in preparation for the miners' strike - a planned confrontation - with some glee. As one of the principal players of the Thatcher years his book is a must-read account.
8 of 11 people found the following review helpful
By Paul
Format:Hardcover|Amazon Verified Purchase
Before becoming a politician Nigel Lawson was a financial journalist, so the very least I expected was a entertaining account. In fact this book is over 1,000 pages of "I was right, because I say I was right and everybody else was wrong, particularly Mrs Thatcher on joining the ERM because I say they were wrong." I have to say it was a huge struggle to read this book and it was only sheer dogged determination that got me there. It has to be the most boring memoir I've read. Of course the events of Black Wednesday 16 September 1992 and the subsequent floating of the pound and the economic recovery show that joining the ERM was an extremely bad idea.
Mrs Thatcher's account in The Downing Street Years, is thoroughly convincing and written with an intellectual rigour that completely eclipses Lawson. Where Mrs T discusses policy, she explains the background and theory, the alternative approaches, the advantages and disadvantages of each approach and proves by logic that the policy she promoted was the best available in the circumstances. This of course was published in Oct 1993 and Lawson did not see what a high standard Mrs Thatcher would set. In contrast Lawson's book is wholly inadequate. The claims he makes that "I was right and Mrs Thatcher was wrong." are completely undermined both by events and his incompetent advocacy defending his flawed policy.
This book was published on 27 October, 1992 some 40 days after Black Wednesday. I can imagine the panic - the book must have been ready to print and was probably pulled at the last minute and only minimal changes were possible.... Read more ›
Mrs Thatcher's account in The Downing Street Years, is thoroughly convincing and written with an intellectual rigour that completely eclipses Lawson. Where Mrs T discusses policy, she explains the background and theory, the alternative approaches, the advantages and disadvantages of each approach and proves by logic that the policy she promoted was the best available in the circumstances. This of course was published in Oct 1993 and Lawson did not see what a high standard Mrs Thatcher would set. In contrast Lawson's book is wholly inadequate. The claims he makes that "I was right and Mrs Thatcher was wrong." are completely undermined both by events and his incompetent advocacy defending his flawed policy.
This book was published on 27 October, 1992 some 40 days after Black Wednesday. I can imagine the panic - the book must have been ready to print and was probably pulled at the last minute and only minimal changes were possible.... Read more ›
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