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Wednesday, February 28, 2024

Free-market ex-UK Treasury chief Nigel Lawson dies

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Nigel Lawson, the tax-cutting U.Ok. Treasury chief below the late Margaret Thatcher and a lion of Conservative politics within the late twentieth century has died

LONDON — Nigel Lawson, the tax-cutting U.Ok. Treasury chief below the late Margaret Thatcher and a lion of Conservative politics within the late twentieth century has died. He was 91.

Lawson, who led the Treasury from 1983 to 1989, spearheaded the drive to put key public sector firms into personal management. He additionally modernized monetary markets in what grew to become often called the Massive Bang of deregulation, which strengthened London’s place as a world monetary hub.

Conservative Celebration politicians rushed to supply tributes, a mirrored image of the truth that his insurance policies stay revered. Former Prime Minister Boris Johnson described him as a “fearless and unique flame of free-market Conservatism.”

“He was a tax-cutter and simplifier who helped rework the financial panorama and helped hundreds of thousands of British individuals obtain their goals…he was an enormous,” Johnson mentioned.

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Lawson, who additionally labored on the Monetary Instances and the Sunday Telegraph, had six youngsters, together with superstar food author Nigella Lawson.

The Telegraph newspaper first reported his loss of life. His household didn’t instantly remark.



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