'In office, but not in power'. It seemed unlikely that anything ever said by Norman Lamont would make history, but this phrase from his resignation speech struck a chord. A common charge against Labour governments throughout the century has been that they have been at the mercy of other people's power; that the combined influence of hostile bankers, businessmen, judges and media moguls 'blew them off course', as Harold Wilson put it. When the Tories are in office, all those bankers and businessmen and judges are their friends. There's no need or inclination to blow them off course. Then suddenly comes Norman Lamont's shock claim, greeted by prolonged and fervent 'hear, hear' from the Tory benches.

LRB 5 August 1993 | PDF Download