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Biography

Thursday, October 13, 2011

Norman Lamont


Norman Lamont

Who is he: Norman Lamont, Baron Lamont of Lerwick, served at a high level of various governments in Britain and is something of a Euroskeptic. Lamont was, however, also responsible for committing the British to ERM – the European Exchange Rate Mechanism.

More specifically, according to Wikipedia, "Lamont served in successive governments under Margaret Thatcher and John Major for a total of 14 years, in the Departments of Energy, Industry, Defence and the Treasury. In 1986, he moved to the Treasury, first as Financial Secretary to the Treasury, then Chief Secretary to the Treasury (succeeding John Major in the latter job on Major's promotion to Foreign Secretary in July 1989) under Chancellor Nigel Lawson, whom he tried unsuccessfully to persuade not to resign from the government on the morning of 26 October 1989 – Lawson resigned that evening. Lamont remained as Chief Secretary to the Treasury under Major's Chancellorship."

Norman Lamont seems to be one of those somewhat colorless but successful men who attach themselves to the powers-that-be via business and politics. They are not ordinarily heard from except in snippets that sound like other soundbites from men of their class and professional prospects.

Lamont and people like him have the courage of their convictions, but only, most likely, when it is safe to voice them. They are, in fact enablers of the current economic and monetary system – whether they see themselves that way or not.

Background: Norman Stewart Hughson Lamont, Baron Lamont of Lerwick, PC was born in 1942 and after a long career in British politics and business was made a Life Peer in 1998.

Lamont was born in the Shetland Islands and raised in Grimsby. He attended college in Cambridge and on finishing his education was employed by N M Rothschild & Sons, the investment bank. Lamont later became director of Rothschild Asset Management.

Today, Lamont is a high-level consultant to various companies including RAB Capital, Balli Group PLCand Rotch Property Group. Lamont has an advisory position in investment funds and is a non-executive director of Balli Group PLC.

Norman Lamont first stood as a candidate for Member of Parliament in June 1970 but was defeated. Two years later, on 4 May 1972, he won a by-election and became a representative of Kingston upon Thames and entered a political career in earnest.


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