Biography Chronology Home Search Speeches/Statements

Speech Index : ERM (Exchange Rate Mechanism)


Britain joined the Exchange Rate Mechanism (ERM) when Margaret Thatcher was Prime Minister, and John Major Chancellor of the Exchequer, in October 1990. Britain left the ERM in September 1992. Mr Major wrote in his memoirs about the ERM.



Mr Major’s Written Parliamentary Answer on the Exchange Rate Mechanism [15th March 1990]


Mr Major’s Statement on Joining the Exchange Rate Mechanism [15th October 1990]


Mr Major’s Statement on the Exchange Rate Mechanism [23rd October 1990]


1992 Conservative Party Manifesto [9th April 1992] (just European sections, full manifesto here)


Mr Major's Statement to the House Following Ejection From ERM [24th September 1992]


Mr Major’s Comments on the ERM [29th September 1992]


Mr Major’s Comments on the Social Chapter and the ERM [26th May 1993]


Mr Major’s Statement on ERM [30th July 1993]


Mr Major's Statement on the Release of ERM Papers [4th February 2005]