Chancellor from 1983 to 1989, he was widely credited with winning the 1987 election for the government through the success of his economic strategy.
Nigel Lawson was Margaret Thatcher’s “unassailable” chancellor of the Exchequer for six years, until he resigned after a long-running and bitter storm over her reliance on monetarist guru Sir Alan Walters as her economic adviser.
When Mrs Thatcher herself was questioned about Sir Alan’s activities, she tersely replied: “Advisers advise, ministers decide.” Nigel Lawson was born on March 11 1932. During the war, when he was shunted around the country, he attended seven different primary schools and then went to Westminster School and Christ Church, Oxford.
Meanwhile, he had decided to invest the family’s money in a small merchant bank. He lost possibly as much as £400,000 when the 1974 financial crash came. His two marriages produced six children, including food writer Nigella and Dominic, another former editor of The Spectator. However, in those heady days, the seeds of the division which was to lead to their parting had already been sown. Mr Lawson was long convinced of the desirability of Britain joining the European exchange-rate mechanism, and he decided to conduct his own trial run from about mid-1987 to March 1988 when he tried to shadow the German mark.
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