Publisher's Synopsis
A systematic analysis of Conservative government policy towards the ERM from 1979 to the present, this book draws on a range of sources, including interviews with those involved in the decision-making process. These include former Cabinet ministers and their advisers, senior officials at the Treasury, the Bank of England and the Foreign Office, and a former European Commissioner. The interviews provide significant information on and insight into the developments in a policy area which divided the Thatcher government and threatens the credibility of John Major's administration.
