Lord (Norman) Lamont, a working Peer, is a Director of and a Consultant to, a number of companies in the financial sector.
As a Cabinet Minister, under both Margaret Thatcher and John Major, and a Member of Parliament for 25 years, he was at the centre of British politics for many years.
He was the British Chancellor of the Exchequer (Finance Minister) from 1990-1993 and introduced three Budgets. He inherited the policy of membership of the ERM, which made it a difficult and controversial time to be Chancellor. This culminated in Britain’s exit from the ERM in September 1992. Many economists have attributed much of the economic stability and low inflation enjoyed by Gordon Brown in his first years to the policies introduced by Lamont. He was made a Life Peer in July 1998.
Before entering Parliament, Lamont worked for N M Rothschild & Sons, the investment bank, and became Director of Rothschild Asset Management.
Lamont obtained a BA in Economics from Cambridge University.