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- Title
Black Wednesday: Thirty Years On.
- Authors
Williams, Ben
- Abstract
That day - dubbed "Black Wednesday" - Britain was forced to withdraw from the Exchange Rate Mechanism (ERM) in catastrophic and humiliating circumstances after a collapse in sterling. Major's European troubles As Thatcher's final Chancellor of the Exchequer, John Major oversaw Britain joining the ERM in autumn 1990, and it was an economic policy position he personally endorsed. Maastricht's purpose as a core stage of EU integration came into even sharper focus following the ERM debacle, and the ERM fall-out emboldened the Maastricht rebels.
- Subjects
BREXIT Referendum, 2016; NO confidence motions; FOREIGN ministers (Cabinet officers)
- Publication
Political Insight, 2022, Vol 13, Issue 3, p22
- ISSN
2041-9058
- Publication type
Article
- DOI
10.1177/20419058221127468