Nigel Lawson, a Conservative politician and journalist who helped Margaret Thatcher revive the British economy but left the government after a contentious disagreement over monetary policy, has passed away. He was 91. So, what was Nigel Lawson Cause Of Death? We shall find out in the next paragraph.
Nigel Lawson Cause Of Death
Nigel Lawson passed away on Monday, according to The Guardian in London. The BBC didn’t specify his death’s location, date, or cause. The prime minister and leader of the Conservative Party, Rishi Sunak, referred Charles Lawson as “a transformational chancellor and an inspiration to myself and many others” in a statement.
A tweet in the tribute of Nigel Lawson.
It was with tremendous sadness that we learned this evening of the death of Lord Nigel Lawson.
An advocate of Brexit and of sound fiscal policy, Lawson’s tenure at the Treasury left an indelible mark on the UK.
A political giant, he helped change Britain for the better.
— Bruges Group 🇬🇧 (@BrugesGroup) April 3, 2023
Nigel Lawson Career
After serving in the government, Lawson went on to become a well-known opponent of global warming, although his daughter, renowned chef Nigella Lawson, mostly took the spotlight.
Lawson’s role as chancellor of the Exchequer made him a key player in Thatcher’s signature campaign for deregulation and the privatization of sizable state-owned businesses and utilities, such as British Airways, British Telecom, and British Gas.
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His tax-cutting economic management assisted in halving unemployment, taming inflation, and turning a budget deficit into a surplus. However, the so-called Lawson Boom was followed by tougher times marked by high inflation and interest rates that increased from 7% to 15% over the course of 16 months.
Lawson was also in charge of the so-called “Big Bang,” which in 1986 sparked a spike in unrestricted electronic trading on the London Stock Exchange and later acknowledged as a factor in the 2008 financial crisis.
He was initially seen as a proponent of the European Union, but as time went on, he grew angrier in his condemnation of the euro, the continent’s single currency, of which Britain was not a member.
In support of the UK leaving the EU, Lawson claimed that the objective to “build a megastate, the United States of Europe” had diverged from the EU’s economic foundations and was thus illogical.
We want to be a global participant, he declared, not just a small European nation.
In 2014, he stated to the British publication The Independent, “I think we have a choice.” “We may either say, “No, we don’t share your aim,” at which point you have to say, “We love you and leave you,” or we can join the single currency and participate fully in attempting to influence it in any way we can.
Lawson declared in October 2015 that he would lead a group called Conservatives for Britain to get ready for a vote on whether the UK should stay in the EU. He stated that David Cameron, the British prime minister, would not achieve significant enough changes in the country’s interactions with the rest of the EU to support its continuing membership.
Lawson had an argument with Sir Alan Walters, Thatcher’s economic adviser at No. 10 Downing Street, and abruptly resigned from Thatcher’s cabinet in October 1989. Thatcher’s opposition to tying the British pound to the German mark and a basket of other European currencies was the central point of contention.
Lawson changed his way of life after leaving office. He wrote “The Nigel Lawson Diet Book” in 1996 after losing 70 pounds after paying attention to medical advise.
Notwithstanding his opposition to European integration, he increasingly split his time between a house in southwest France’s Gascony and London, where he served as a life peer and a member of the House of Lords.
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