Explore 273 historical events and records for Great Britain in 1992.
Sorted by month and day. Records with no month are shown last. Showing 40 of 273 unique records.
The Bank of England's intervention was ineffective because Soros' Quantum Fund was dumping pounds far faster. The Bank of England continued to buy and Quantum continued to sell until Lamont told Prime Minister John Major that their pound purchasing was failing to produce results
Sterling leaves the Exchange Rate Mechanism, damaging Conservative European policy credibility.
Major keeps his economic team unchanged for seven months after Black Wednesday before he replaced Norman Lamont with Kenneth Clarke as Chancellor of the Exchequer
The British Conservative Government is forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after it was unable to keep the pound above its agreed lower limit in the ERM.
The UK Treasury estimates the cost of Black Wednesday at 3. 4 billion pounds.
The United Kingdom is forced to leave the Exchange Rate Mechanism (ERM) on "Black Wednesday" just five months into the new Parliament, when billions of pounds were spent in a futile attempt to defend the currencys value.
The UKs forced withdrawal from the European Exchange Rate Mechanism (ERM) is succeeded by a partial economic recovery with a new policy of flexible exchange rates, allowing lower interest rates and devaluation - increased demand for UK goods in export markets
At 10:30 AM on 16 September, the British Government announced a rise in the base interest rate from an already high 10 to 12 percent to tempt speculators to buy pounds.
By 7:00 that evening, Norman Lamont, then Chancellor, announced Britain would leave the ERM and rates would remain at the new level of 12 percent
Despite this and a promise later the same day to raise base rates again to 15 percent, dealers kept selling pounds, convinced that the Government would not stick with its promise.
The United Kingdom is forced to leave the Exchange Rate Mechanism (ERM) on "Black Wednesday" when billions of pounds are lost defending the currency's value.
The Government announces a rise in the base interest rate from an already high 10 to 12 percent in order to tempt speculators to buy pounds, despite this and a promise later the same day to raise base rates again to 15 percent, dealers keep selling
At 10:30 AM the Government announces a rise in the base interest rate from 10 to 12 percent to tempt speculators to buy pounds but base rates again to 15 percent but dealers keep selling pounds. By 7:00PM Lamont announces Britain will leave the ERM and rates would remain at 12 percent
The UK is forced to leave the Exchange Rate Mechanism (ERM) on "Black Wednesday" just five months into the new Parliament when billions of pounds were spent in a futile attempt to defend the currency's value
Suspends Britains membership of the ERM.
The UKs forced withdrawal from the European Exchange Rate Mechanism (ERM) is succeeded by a partial economic recovery with a new policy of flexible exchange rates, allowing lower interest rates and.
The United Kingdom is forced to leave the Exchange Rate Mechanism (ERM) on "Black Wednesday" just five months into the new Parliament, when billions of pounds were spent in a futile attempt to defend the currencys value.
devaluation - increased demand for UK goods in export markets.
The Government announces a rise in the base interest rate from an already high 10 to 12 percent in order to tempt speculators to buy pounds, despite this and a promise later the same day to raise base rates again to 15 percent, dealers keep selling
Interest rates are set at 10 percent, the day after Black Wednesday
Joins Lazio for a fee of 5.5 million pounds, making his debut on 27 September 1992 in a match against Genoa which was televised in Britain as well as Italy
Joins Lazio for a fee of 5.5 million pounds, making his debut on 27 September 1992 in a match against Genoa which was televised in Britain as well as Italy
Publicly defends ratification of the Maastricht Treaty and challenges Conservative Eurosceptic arguments against European integration.
Publishes an article in The European opposing British ratification of the Maastricht Treaty.
Makes a major Commons statement on contraction and proposed closures in the coal industry.
Faces Commons debate on proposed pit closures and the Government review of the coal industry.
Attends the 50th anniversary of the Battle of El Alamein.
Annual Conservative Party Conference, Thatcher & Tebbit oppose the Maastricht Treaty
Encourages Conservative resistance to further European political integration.
Elected Member of National Executive Council
Brown is elected to Labour's National Executive Committee.
Appointmed Member of National Executive Council
Publicly opposes the Maastricht settlement during the Conservative conference.
Wins the Commons paving motion that allows the Government to continue the Maastricht ratification process.
Addresses the Commons on the GATT Uruguay Round and British trade interests.
The "Shine On" box set is released
The "Shine On" box set is released
Iommi, Butler, and Appice back Ozzy Osbourne as part of what is billed as the singer's final live appearance
Announces a strategy for one-stop business support centres offering small and medium-sized firms advice on skills, exporting, technology, innovation and design.
Designs the one-stop business-support programme with chambers of commerce, training bodies, business organisations, local authorities and other partners.
Generated from the World History Database historical_events table. Identical display records are collapsed; descriptions otherwise retain the stored text. Coverage and source quality vary. Check primary and specialist sources before citing individual historical claims.