Lord Lamont (Norman Lamont) was at the centre of British politics for many years. He was a Cabinet Minister under both Margaret Thatcher and John Major, and was a member of the House of Commons for twenty-five years. Norman Lamont was Chancellor of the Exchequer (Finance Minister) from 1990-1993 and introduced three Budgets. He inherited the policy of membership of the ERM, which made it a difficult and controversial time to be Chancellor. This culminated in Britain’s exit from the ERM in September 1992. Many Economists have attributed much of the economic stability and low inflation enjoyed in his first years by Gordon Brown to the policies introduced by Norman Lamont after Britain’s exit from the ERM in September 1992. These new policies included an inflation target for the Bank of England and a tough tax raising Budget in 1993. Sir Alan Walters, economic advisor to Lady Thatcher, in a letter to the Times described Lord Lamont in his “post ERM phase”…. “to be not only the most effective but also the bravest Chancellor since the war”. In 1998 Norman Lamont published a self-deprecating and amusing account of his time as Chancellor under the title “In Office”. His book was described in the Independent newspaper as “Out of the top drawer of political memoirs”. Currently Lord Lamont, as well as being a working Peer, is a director of, and a consultant to a number of companies in the financial sector. He was made a Life Peer in July 1998.
His Excellency Mr. Shaukat Aziz was elected as Prime Minister of Pakistan and served from 2004 – 2007, following five years as Finance Minister from 1999. Mr. Aziz was the first Prime Minister of Pakistan to complete a full term in office. Mr. Aziz restored his country’s credibility at home and abroad and is renowned for his strategic approach, structural reforms, transparency and ability to focus on what is best, not simply what is politically expedient. His policies were based on the principals of liberalisation, deregulation and privatisation, accompanied by strong regulatory oversight. Mr. Aziz’s tenure was marked by high economic growth, increase in per capita income, reduction in poverty, an upsurge in investments and improved debt and economic indicators. He became Finance Minister in 1999 and was named “Finance Minister of the year” for 2001 by Euromoney and The Banker magazine. As Prime Minister, Mr. Aziz co chaired the UN Secretary Generals Committee to promote reform and coherence at the United Nations. As recognition of his services to Pakistan, he was awarded an Honorary Doctor of Laws by his Alma Mater, The Institute of Business Administration, University of Karachi, Pakistan. In 2014 Mr. Aziz was appointed Senior Visiting Research Fellow at Green Templeton College, Oxford University, United Kingdom, where he also chairs their annual Emerging Markets Forum. Having presided over impressive economic growth in his country, Mr. Aziz offers an expert view and is a frequent speaker on the challenges facing the world including structural reforms, diplomacy, geopolitics and security. Mr. Aziz is a member of several boards and advisory boards of various commercial and non-profit entities around the world.