History and chronology of Nigel Lawson in Great Britain

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General

Government Conservative Party
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Events

Birth
Budget
Chancellor
Conference Madrid
Economy
Editor
Election
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FIG
PEPs
Privatization
Privy Council
Public Expenditure PSBR
Reform
Resignation
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Madrid

Nigel Lawson History of Great Britain


1932	Birth
Birth of Nigel Lawson
1966	Editor
Appointed Editor of the Spectator
1974	Election
Elected Member of Parliament
1981	Privatization
19th Oct London Announces proposals in the House of Commons to privatize BNOC
19th Oct London Announces proposals in the House of Commons to privatize British Gas
10th Nov London Unerwriting for the privatization of BNOC & British Gas is completed
17th Dec London The Bill to privatize British Gas & BNOC is published
1981	Privy Council
Appointed Member of the Privy Council
1981	Reform
London Passes the Energy Act which introduces competition into the electricity industry
1981	Secretary of Energy
15th Sep Appointed Secretary of State for Energy
1983	Budget
12th June London Decides to make cuts mid financial year because of the higher than expected PSBR
1983	Chancellor
11th June London Appointed Chancellor of the Exchequer
1983	Privatization
29th June London Decides to sell mor British Petroleum shares due to the increase in PSBR
1983	Public Expenditure PSBR
London After the election it is forecast that the PSBR will be overrun by œ3 billion
12th June London Decides to make cuts in mid financial year because of the higher than expected PSBR
1983	Reform
London Allows government departments to carry forward a proportion of annual underspend
July London Agrees on 1% reduction of the pay bill & 2% reduction in other cash limits
1984	Budget
London Abolishes Investment Income Surcharge & National Insurance Surcharge
London Cuts Corporation tax
1984	Privatization
London Completes the privatization of British Telecom
1985	Budget
London Raises personal income tax allowances well above inflation
1985	FIG
1st Jan London The Fraud Investigation Group is set up for cases of financial & commercial fraud
1985	Privatization
London Introduces a Bill to privatize the Trustee Savings Bank
Sep London The Trustee Savings Bank is sold
1986	Budget
London Cuts basic rate of income tax by 1 penny
London Introduces Personal Equity Plans to encourage personal investment
1986	PEPs
London Introduces Personal Equity Plans to encourage personal investment
1986	Privatization
London A 100% of British Gas is offerred for sale in December raising œ5.4 billion
1986	Reform
London Introduces Inheritance Tax which replaces the Capital Trans fer Tax
1987	Budget
London Cuts two pence off the basic rate of income tax
1987	Privatization
British Airways is sold for œ900 million in February
29th Oct Announces in Parliament the BP flotation will go ahead despite the stock market crash
30th Oct BP shares are sold on the stock exchange after a buy back scheme is introduced
1987	SFO
London The Serious Fraud Office is set up by the Criminal Justice Act
London The Serious Fraud Office replaces the Fraud Investigation Group
1988	Budget
London Establishes a rate of income tax at 40% & a reduction of the basic rate of tax to 25%
1988	Reform
London Establishes a rate of income tax at 40% & a reduction of the basic rate of tax to 25%
London Inheritance Tax is reformed giving a single flat rate of 40%
1989	Conference of Madrid
June Madrid Lawson & Howe force Thatcher into joining the ERM
1989	Economy
6th Oct Interest rates rise to 15%
1989	European Union
June Madrid Lawson & Howe force Thatcher into joining the ERM
12th June London The Chancellor says the UK will not join the EMS before 1990
1989	Privatization
London 10 regional water companies are "floated on the stock exchange in November
1989	Resignation
26th Oct London Resigns as Chancellor of the Exchequer