Irreplaceable Lawson. (Nigel Lawson may resign)

Economist (US), The, April, 1988

THE government owes its popularity, as much as anything, to the strength of the economy. This is a tribute to the chancellor of the exchequer, Mr Nigel Lawson who, in June, will have completed five years at the Treasury. He has recently hinted that he plans to leave politics. He is likely to spend his summer holidays considering what to do next.

In spite of the disagreements he has had with his prime minister over exchange-rate policy, she would not press him to depart. She knows that the financial markets could easily see his departure as a signal to sell sterling. But at the age of 56 he has already had two successful careers-as a journalist and in politics. If he wants a third, he should probably switch jobs within the next two years while he still has a...

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