He too had backed
ERM membership, but blamed John Major as fast as Osborne would later blame him.
And he will remember as I do the insistent and increasingly shrill «jaw - boning» from a defiant chancellor who could not acknowledge that continued
ERM membership was making the recession worse.
Not exact matches
As I blogged in June, Peter Mandelson was instrumental in recruiting Balls amid general agreement that Brown needed to strengthen his operation after he was weakened by his support for British
membership of the
ERM.
The then 23 - year - old Oxford PPE graduate was one of a handful of people at the FT who were sceptical about British
membership of the
ERM.
Peter Mandelson likes to say that he was instrumental in recruiting Balls, whose appointment was designed to strengthen Brown's operation after he was weakened by his support for British
membership of the
ERM.
In the 1990s I strongly opposed Britain's
membership of the Exchange Rate Mechanism (
ERM).