Thursday, September 17, 1992

Day 160

An exciting economic day: I got my Giro, and interest rates were up 2 points at noon to 12% and at 15% at 4pm: would you believe it? Then Lamont appeared in the evening to announce the pound'd been suspended in the ERM. It's supposed to be worth DM 2.77 and it went down to 2.69. Tories in disarray, Parliament recalled.

M happened to be round when the news came on at 4pm: 'The Bank of England has raised interest rates...' 'Oh, heard it' '..for the second time today...' 'What?' '..to 15%...' 'Fuck!'

Ha ha ha! Tory bastards.

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