John Major30 Aug 2019 16:47
The man is so deluded he once argued that the self flagellation of the Extended Recession Mechanism (ERM) was a long term win as it permanently dampened price expectations in the UK. As though it was some great win that he inflicted a monetary policy suited to Germany on the UK economy causing a prolonged recession. He staked his whole premiership on being in the ERM and guess what we fell out if it and that was a good thing too. An export led recovery swiftly followed, even though the establishment foretold doom. Had ERM membership been up to the them rather than the market we'd still be in the thing.
So putting Edwina Currie to one side, the man's form when it comes to judging the benefit of European projects ain't the best.