Former Chancellor Nigel Lawson has died and the eulogies are misleading

Nigel, later Lord Lawson of Blaby, was Margaret Thatcher’s Chancellor of the Exchequer between 1983 and 1989. Much of the state of the UK today is his responsibility.

Was Nigel Lawson really a towering financial genius?

That’s not my memory, and I was around when he was Chancellor.

I appreciate that, now he has passed away at the age of 91, people will want to say kind words about him. But that doesn’t mean we should whitewash his career and ignore his mistakes.

That will just set up future generations to make them all over again.

So I tend to agree with Clare Hepworth:

The economist Richard Murphy has provided some criticism, along with some of his Twitter followers:

Nick Rider tweeted: “I remember hearing him on the radio, about 1988, saying for the first time, even more clearly than Thatcher, that the loss of manufacturing, thousands of people’s jobs, didn’t matter, because ‘services’ were the future. The architect of the low-wage economy.”

“Remember when he removed double income mortgage tax relief? It cause chaos in the housing market,” added Jane Clout.

The list goes on and on.

The privatisations of railways, water, power, and BP were all disasters.

He tanked the housing market.

He supported Brexit while living in France.

And in later years, he opposed action to prevent climate change, because he thought the economic cost of saving our environment would be too high. Think about that.

To those who genuinely liked him and want to praise him: I wish you well.

But please, praise him for praiseworthy acts – not for a career that has maimed the country he was supposed to be serving.

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1 thought on “Former Chancellor Nigel Lawson has died and the eulogies are misleading

  1. dsbacon2017

    I don’t remember much detail about Lawson – it’s a long time since he hung up his boots, but most it is negative. He did little for ordinary people, but l seem to remember him being OK if you were wealthy, but needed a tax cut.

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