Walters' Sterling In Danger" Tale Of Politics Over Economics


On October 26, 1989, Nigel Lawson, Britain's Chancellor of the Exchequer, resigned. In doing so, he made it clear that he was upset by the influence of Alan Walters, the prime minister's personal economic adviser, who consistently counselled Mrs. Thatcher to keep Sterling out of Europe's joint currency float.

Lawson's departure to Parliament's back benches coincided with Walter's resignation as Thatcher's adviser. Since then Lawson has rarely been seen with Mrs. Thatcher. In contrast, Walters