The Week in Review
Saturday 03 October 1992
Yet Norman Lamont, the Chancellor of the Exchequer, whose guilt for our economic woes is more direct and palpable, was reprieved by the Prime Minister, at least temporarily, from the resignation that was being rumoured all week. Mr Major concluded that Mr Lamont had handled the sterling crisis 'brilliantly'.
There was forgiveness all round, too, in the row between Britain and Germany over who blamed whom for what in the turmoil surrounding the crisis. It had all begun just after Britain withdrew from the Exchange Rate Mechanism, when British ministers and some newspapers put the blame on the Germans. Mr Lamont subsequently apologised.
Then the German embassy in London (run by Baron von Richthofen, a descendant of the First World War air ace known as the Red Baron) leaked a statement from the Bundesbank criticising Britain's monetary policy. Sir Teddy Taylor declared that the Germans were 'getting too big for their jackboots'.
The Bundesbank apologised for its indiscretion (athough Sir Teddy did not for his) and Mr Major said it was time to draw the line underneath the war of words. Yet at the same time he declared that the Maastricht treaty would be debated afresh in the Commons.
Amid all this, the Labour Party found it hard to get its annual conference on to the front pages. John Smith's maiden conference speech as leader won a mixed reception, the consensus being that it was less effective than his attack on the Government in last week's emergency Commons debate.
The conference had begun inauspiciously with the resignation from the Shadow Cabinet of Bryan Gould, who disagreed with the party's support for Maastricht and its refusal to countenance a referendum. For his pains he was voted off the party's executive committee, as was the abrasive left-winger Dennis Skinner.
As he enters the job market, Mr Gould might be encouraged by the fate of the man he used to shadow, David Mellor, whose own resignation had come a few days earlier. Mr Mellor has been engaged as a football pundit by the Sky sports channel. Antonia de Sancha is to be immortalised in latex on Spitting Image.
- 1 Fifty Shades of Grey trailer released: First look at Jamie Dornan as Christian Grey
- 2 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 3 50 books for students to read this summer: From Ernest Hemingway to Gillian Flynn
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Rebecca Hall on her film career so far: ‘I’ve played too many repressed neurotics’
Israel-Gaza conflict: Israeli targeting policy under scrutiny after shellfire hits a mother and child, a school full of refugees and a doctor’s home
Peaches Geldof: Her final day – and her fatal decision
Students offered grants if they tweet pro-Israeli propaganda
Iraq crisis: Isis orders Mosul shop keepers to cover mannequins
Israel-Gaza conflict: Israel may have committed war crimes, says UN human rights chief
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
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