Below is the text from John Major’s memoirs, John Major -
Norman's [Lamont] credibility plummeted. The satirists piled in, and the speculation about he could survive was constant. Central Office and constituency MPs reported that party opinion wished to see a change. This all had an effect: in interviews ministers were questioned about Norman, while Norman himself was asked about trivia, and no one wanted to know about economic policy. In cabinet committees he began to need the reassurance of getting his own way, and proper debate was constrained. He had become a bird with a wing down. Ministerial colleagues, by raised eyebrow, rolling eyes and dismissive gestures, let it be known that his position was becoming untenable. Gradually he lost the confidence of industry, the City, the media and a large part, though not all, of the Cabinet and the parliamentary party. My sympathies were with him as a more sinned against than sinning, but I had no choice but to make a change. As the reshuffle approached I consulted senior colleagues; they all believed Norman had to go.
I saw Norman at Number 10 early on the morning of 27th May , and told him I intended to make a change of chancellor. I had thought long and hard about what other jobs he might like, and concluded it had to be a major department; a non-