Rebirth of the Financial Overlord

The dazzling sunlight penetrated through the glass and shone on Robin Leigh Pemberton's face, but although the sunlight was warm, he couldn't feel any warmth, as if his whole body had been sucked away. Unbearably tired.

The empire was once proudly on top of the world, the flag of the empire on which the sun never sets was planted in every corner of the world, and its colonies even occupied one-third of the earth. The Bank of England is also known as the most powerful central bank in the world. Whenever The central bank has a new monetary policy, and financial markets around the world will tremble.

How powerful the empire was at that time, but now, the central bank has used tens of billions of pounds in foreign exchange to maintain the currency value at a 5% rate hike, but it has achieved such a result.

Why, we didn't notice any bells and whistles before this?

Unemployment rate up 6.8 percent year-on-year in August

London house prices fell by 6 percent in August.

London, Treasury Building.

Norman Lamont looked at the statistical report and the analysis of the consultants handed over by his subordinates, his slightly rich face wrinkled together, like a bitter melon beaten by frost.

The UK's current economy can no longer withstand greater pressure, but the pound can no longer withstand tremendous pressure.

To preserve the current economy, it is necessary to implement a loose monetary policy. For the current UK, it is simply slow suicide. The exchange rate is related to whether the United Kingdom can stay in the European Community, and it is related to the economic and trade exchanges between the United Kingdom and neighboring countries. If the pound is forced to withdraw from the ECU, high tariffs will make British exports uncompetitive in the whole of Europe. By then, Great Britain You can only watch other second-rate countries cannibalize the market of Great Britain.

This is the fate of the nation for a hundred years. When that time comes, he, the most intelligent treasurer, will probably be permanently engraved on the cross of shame.

However, if the exchange rate is to be maintained, a tight monetary policy is needed, which will in turn cause a severe blow to the domestic economy. By then, he, the finance minister, will most likely be thrown out by those politicians.

After thinking for a long time, Norman Lamont couldn't come up with a complete solution.

He suddenly realized that it was the most stupid thing to compete with Christopher Francis Berten for the position of Chancellor of the Exchequer. If he had deliberately declined at that time, then the person facing this difficult problem today would be Christopher Francis Berten, and He may go to Hong Kong to earn a lot of money.

The more I think about it, the more depressed Norman Lamont becomes,

In early 1990, Christopher Francis Patten and two other cabinet ministers accused Thatcher of reforming monetary policy and urged her to resign. Waiting until the general election in November, under his planning, the Conservative Party led by his friend Sir John Major unexpectedly won the general election.

The relationship between the two was very good. Sir John Major and Christopher Francis Berten agreed that after he took office, as long as Berten could keep his position in the House of Commons, he would be hired as Chancellor of the Exchequer.

As a result, Christopher Francis Patten failed in the House of Commons seat in the Bath constituency and was forced to resign from the seat. He was sent by Sir John Major to Hong Kong to serve as the Governor of Hong Kong, and Norman Lamont became the Chancellor of the Exchequer.

At that time, Norman Lamont was excited about this for a long time.

The chancellor of the exchequer is in charge of money! The business and banking circles have to rely on their noses, and in the future, they will definitely be able to make a lot of money.

But in the past few years, he has discovered that it is actually more profitable to go to the colony to be the boss to make money.

Huo De, a mere chief secretary, can only be regarded as the second servant of the Governor of Hong Kong. He has made a lot of money in Hong Kong. The equity he holds in Li Chengcheng's family is enough for that bastard to enjoy his old age. Plus The huge monthly cash bonuses of the major clubs, living like a god.

As the Minister of Finance, he seems to have infinite glory, but until now, the benefits he has earned are not even comparable to that of Huo De, let alone Bai Teng, who is the emperor of the soil in Hong Kong. , can also be knighted by the Queen.

That guy Major must be scolding me, and that bastard Berten must be waiting to see my jokes.

Thinking of all the past, Norman Lamont suddenly wanted to get drunk.

He deeply suspected that Christopher Francis Patten had deliberately failed and waited for him to be the Chancellor of the Exchequer to dig a hole for him.

I hope that bastard Baiteng can bleed a lot this time.

ring ring ring——

The phone on the table rang suddenly. The damn phone ringing made Norman Lamont feel very bad. He really had enough of the damn phone.

Norman. It's me. Sorry, we failed. Now we only have 200 million funds left, but the price of the pound is still below 2.75.

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The voice from the receiver made Norman Lamont turn pale.

Although he considered that the UK might be forced to withdraw from the European Exchange Rate Mechanism a long time ago, and took corresponding hedging measures, but when this moment happened, he realized that this was the last thing he wanted to see result.

If Britain withdraws from the European Community, his political life may be completely ruined in a short time.

Lamont could feel that his hands and feet were a little cold, even colder than under a winter blizzard. In any case, this country was the country where he was born and raised. No matter how you look at it, this is the worst result.

But now, what can be done, the most important thing is how to deal with the current situation.

In order to maintain the exchange rate of the pound, the central bank has raised interest rates twice in a row and invested tens of billions of pounds to protect the pound. If you give up now, wouldn't all your efforts be in vain.

You can't have both, since you chose to keep the pound at the beginning, now, the best choice is to continue to keep the exchange rate.

Lamont smoked a cigarette and sat on the chair for a while, feeling his body recovering a bit of temperature, picked up the phone and called his boss. If he wanted to keep the current pound, he had to raise the interest rate again, and he needed to borrow some money. Large sums of money, both of which require the permission of John Major, the prime minister who is also the first chancellor of the exchequer.

10 Downing Street, Westminster.

All these buildings with a history of more than 200 years have become the prime minister's residence since the first chancellor of the exchequer and the prime minister were held by the same person. The simple design of the black wooden door, embellished with white Arabic numerals 10, has become a well-known mark.

Here, in addition to the prime minister's residence and the prime minister's office, the prime minister's secretary, assistants and advisers all work in the prime minister's residence.

The Prime Minister formulates policies with his cabinet and think tanks at No. 10 Downing Street every day, and the general confidential departments, the Parliament, the Ministry of Finance and the Ministry of Foreign Affairs are only a few minutes away from No. 10 Downing Street, so the Prime Minister can easily obtain information and contact.

Buckingham Palace, where the monarch lives, is nearby, so that the Prime Minister goes to Buckingham Palace regularly to report to the monarch on political affairs. There are different conference rooms and dinner halls in the prime minister's residence, where the prime minister often meets leaders from all walks of life and countries.

Therefore, Downing Street 10 is the center of the British government and one of the power cores of British politics.

Interestingly, when this was the residence of the First Chancellor of the Exchequer more than a hundred years ago, many of the former Chancellors of the Exchequer disliked the fact that it was too small and built on swampy land and were unwilling to live here, and even wanted to raze it to the ground.

As the prime minister of a country, John Major's work is naturally extremely busy, not to mention this is the crisis moment when the stock market, bond market, and foreign exchange market are facing triple kills.

When Norman Lamont called, Sister Mei was discussing with consultants, cabinet members, and think tanks how to solve all the current problems.

Mr. Major. I am sorry that our market intervention has failed.

This wasn't shocking news. Major knew about the result before Lamont called.

Then what do you think we should do now?

I think we may need to borrow more money to maintain the price of the pound.

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With the speakerphone on, Major sought advice from his staff and cabinet members

What do you guys think?

None of the guys present were human beings. They looked at each other and reached an agreement in an instant.

I think His Excellency Lamont's suggestion is correct, but the problem is that there are not many people who are capable of helping us and willing to lend us money.

For the Asian market, only the Japanese are capable of helping us. We can ask the Ministry of Finance to help us.

I object. Judging from the information of the Financial Investigation Bureau, that Shen Jiannan should be Japanese, and his real name should be Akiyama Kennan. I think his attack on the British pound was probably inspired by the Ministry of Finance.

I agree with Bobby's judgment. Why are there so many pounds being sold in the Asian market? This is not logical at all. Think about it, outside of Japan, who else in the world can take out so many pounds?

Kevin is right. In the entire Asian market, the only people who can come up with so many pounds are the Japanese. We can't ask them to borrow money. If we do that, we will only be severely humiliated.

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The French can't do it either. Those bastards want to see us in trouble. If we ask them to borrow money, we will bring shame on ourselves.

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