• Nigel Lawson’s interjection that Britain would be better off out of the European Union is spot on.
This is all the more relevant because when he was Chancellor of the Exchequer he pegged the exchange rate of the pound to the deutsche mark in 1988, prior to John Major taking us in the European Exchange Rate Mechanism in 1990 when he was Chancellor.
Both of these measures were meant to be precursors to Britain joining the European Single Currency – which fortunately never happened.
If Mr Lawson has seen the light it means the light is streaming through the windows like the last scene in a Dracula movie. How long before our membership of the EU combusts?
On the BBC news this morning Mr Clegg trotted out the old chestnut that if Britain left ‘three million jobs would be in danger’. I have posted him a copy of Professor Tim Congdon’s booklet Europe Doesn’t Work that blasts this argument out of the water. Hopefully he will read it, but I doubt it because then he would have to change his mind.