Article: Politics: Embittered Lamont opens Tory wounds over Black Wednesday

Bitter arguments over the catastrophic Tory defeat deepened with Norman Lamont refusing to be made the scapegoat. But as Colin Brown, Chief Political Correspondent, reports, the bloodletting was going on while William Hague was anxiously awaiting the results of the ballot on the future of his leadership.

Norman Lamont, the former Chancellor, was overruled by John Major to put interest rates up to 15 per cent on Black Wednesday, The Independent has learnt.

Mr Lamont has told friends that he could have resigned at that moment but to do so would have brought John Major and the Government down, and precipitated a deeper collapse in confidence in the pound. The former Chancellor, Mr Major's ...

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