Norman Lamont

Today has been an extremely difficult and turbulent day. Massive speculative flows continue to disrupt the functioning of the exchange rate mechanism. The government has concluded that Britain's best interests are served by suspending our membership of the exchange rate mechanism.

Today has been an extremely difficult and turbulent day. Massive speculative flows continue to disrupt the functioning of the exchange rate mechanism. The government has concluded that Britain's best interests are served by suspending our membership of the exchange rate mechanism.

Just in case there is the slightest scintilla of doubt, there are going to be no devaluations, no leaving the ERM.

Just in case there is the slightest scintilla of doubt, there are going to be no devaluations, no leaving the ERM.

We are absolutely committed to the ERM. That is our policy, and we will do whatever is necessary. And I hope there is no room for any doubt about that at all, that the government is determined to maintain our position.

We are absolutely committed to the ERM. That is our policy, and we will do whatever is necessary. And I hope there is no room for any doubt about that at all, that the government is determined to maintain our position.

Today has been an extremely difficult and turbulent day. Massive speculative flows continue to disrupt the functioning of the exchange rate mechanism. The government has concluded that Britain's best interests are served by suspending our membership of the exchange rate mechanism.

Just in case there is the slightest scintilla of doubt, there are going to be no devaluations, no leaving the ERM.

We are absolutely committed to the ERM. That is our policy, and we will do whatever is necessary. And I hope there is no room for any doubt about that at all, that the government is determined to maintain our position.