Twenty years ago, on September 16, 1992, sterling was forced out of the ERM amid extreme market turbulence. It was a political catastrophe that cast a long and baleful shadow over the then government.
It ripped open divisions in the Conservative Party. It hardened battle lines in the bitter debate over Britain’s place in Europe. It destroyed tolerance in the party, and laid finally to rest the notion that loyalty was its secret weapon. The aftermath inspired more myths than the Greeks.
Margaret Thatcher and I took sterling into the ERM in 1989 to general applause. Our decision was not some reckless flight of fancy. A poll in the Financial Weekly suggested that 97 per cent of business leaders wanted sterling to join, 66 per cent of whom did not care at what exchange rate we entered. The CBI, TUC, Parliament, press and public were overwhelmingly in favour. Entry had been proposed previously by Geoffrey Howe and Nigel Lawson, but – reinforced by advisers – Margaret had said “No”.
At least two US Marines were killed in the strike on the base in Helmand province, which houses American and British troops among others.
Major Adam Wojack, a spokesman for International Security Assistance Force in Kabul, confirmed British forces had been involved in repelling the attack, alongside American troops.
He said 18 attackers were killed and another one was wounded and being given medical treatment.
The sprawling base was now secure, he said, but it was unclear if operations were still ongoing outside the wire.
Maj Wojack said: “The base is secure and we are assessing damage.”
This is a reminder that we have rain forests right here in the continental 48. Temperate rainforest! In fact the Pacific Northwest and parts of Canada are the largest area of temperate rainforest in the world. That is one of the reasons contributing to this beautiful moss growing on just about everything in this image. If Michael slowed down it would probably start to cover him. Please read his story below and then save a couple of minutes to check out his galleries below and let him know what images are your favorite.