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
1990 Conservative Party (UK) leadership election 22 November 1990 (she remained in office as Prime Minister until the contest had been concluded). As a result of this, two further candidates allowed themselves to be nominated: the Foreign Secretary, Douglas Hurd, and the Chancellor of the Exchequer, John Major. The Cabinet agreed that if Heseltine became party leader, it would divide the party even further; and that one of its present members should succeed Thatcher. The only Cabinet member to endorse Heseltine for the second ballot was the Welsh Secretary, David Hunt, who had not been party to the agreement as he had been away in Tokyo.