Norman Lamont Norman Lamont Norman Stewart Hughson Lamont, Baron Lamont of Lerwick, PC (born 8 May 1942) is a British politician and former Conservative MP for Kingston-upon-Thames. He is best known for his period serving as Chancellor of the Exchequer, from 1990 until 1993. He was created a life peer in 1998. Lamont is a supporter of the Eurosceptic organisation Leave Means Leave. Lamont was born in Lerwick, in the Shetland Islands, where his father was the islands' surgeon. He was educated at Loretto School, Musselburgh, Scotland, and read Economics at Fitzwilliam College, Cambridge, where he was Chairman of the Cambridge University
Political history of the United Kingdom (1945–present) majority in the first round and was persuaded to withdraw from the second round on 22 November, ending her 11-year premiership. Her Chancellor of the Exchequer John Major contested the second round and defeated Michael Heseltine as well as Foreign Secretary Douglas Hurd, becoming prime minister on 27 November 1990. By this stage, however, Britain had slid into recession for the third time in less than 20 years. Unemployment had started to rise in the spring of 1990 but by the end of the year it was still lower than in many other European economies, particularly France and Italy. John