There’s a surprise! The release of government documents includes delays to the release of European Exchange Rate Mechanism papers and a block on the release of certain Euro papers relating to 1992 when we dropped out of the European Exchange Rate Mechanism. This was the biggest economic policy error of the last quarter of the twentieth century in the UK. The Establishment and main political parties united to visit this disaster on us. It led to falling house prices, a big rise in unemployment, closed factories, bankrupt businesses, all in the name of European integration. The irony is it delivered what Project Fear wrongly said our vote to leave the EU would deliver in the winter of 2016-17! No wonder the Remain establishment is shy about revealing more of what happened then.
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