Norman is a British politician and former Conservative MP for Kingston-upon-Thames. He was created a life peer in 1998 and sits on the House of Lords Economic Affairs Committee.
Norman Lamont, Baron Lamont of Lerwick, PC spent twenty five years in the Commons, representing Kingston upon Thames and serving in the Cabinet under both Margaret Thatcher and John Major. As Chancellor, he appointed the 26 year-old David Cameron as his special advisor.
He was heavily involved in the Thatcher reforms including the privatisation that transformed the British economy.
Reknown for his period serving as Chancellor of the Exchequer, from 1990 until 1993, a difficult time of deep recession, he oversaw Britain’s exit from the ERM on ’Black Wednesday’.
Sir Alan Walters, economist, described him as “not only the most effective, but also the bravest Chancellor since the war.”
In addition to his role as a working peer, Norman currently holds positions of director, advisor and consultant for a range of high ranking financial companies.
He published a self-deprecating and amusing account of his time as Chancellor under the title ’In Office’.
In 2007, Lord Lamont became Honorary Patron of the Oxford University History Society, one of the University’s largest societies, and he was, from 1996 to 2008, chairman of Le Cercle, a foreign policy club which meets bi-annually in Washington, DC.