'. . . The turn of the tide is sometimes difficult to discern. But it's clear that Britain is coming out of recession . . . that isn't just my opinion. It's the verdict of the International Monetary Fund and the Confederation of British Industry, the Institute of Directors and numerous surveys of businessmen and consumers up and down the country. What we are seeing is the return of that vital ingredient: confidence.
'We are beating inflation now. Let's move on and beat unemployment too - not just for now, but permanently. For a country of low inflation is a country of low unemployment. . . . We've kept the pound strong and cut interest rates eight times while in Germany they have been rising.'
31 July, 1992: The value of the pound slipped temporarily below the bottom of its permitted trading band within the European exchange rate mechanism, prompting fears of a devaluation.
Robert Liddell, aged 83, novelist and critic.
Alexander McKee, aged 74, discoverer of the Mary Rose
Mary Wells, aged 49, singer (of 'My Guy').
Lord Cheshire, war hero and founder of the Cheshire homes for the disabled.
2 August, 1100: King William II killed in the New Forest while hunting.
1776: First signatures on the US Declaration of Independence.
1784: First specially constructed Royal Mail coach ran, from Bristol to London.
1876: 'Wild Bill' Hickok shot dead at a poker table in Deadwood, South Dakota.
1970: British Army fired rubber bullets for the first time, in Belfast.