Lord Lamont, is a British politician and former Conservative MP for Kingston-upon-Thames. He is best known for his period serving as Chancellor of the Exchequer, from 1990 until 1993. He was created a life peer in 1998.
Before entering Parliament, he worked for N M Rothschild & Sons, the investment bank, and became director of Rothschild Asset Management.
In addition to his role as a working peer, Lamont directs and consults for various companies in the financial sector, as well as being a director of a number of investment funds. He is an Honorary President of the British Romanian Chamber of Commerce, and Chairman of the British Iranian Chamber of Commerce. He is on the advisory board of OMFIF where he is regularly involved in meetings regarding the financial and monetary system.
Lamont served in successive governments under Margaret Thatcher and John Major for a total of 14 years, in the Departments of Energy, Industry, and Defence. In 1986, he moved to the Treasury, first as Financial Secretary to the Treasury, then Chief Secretary to the Treasury. Lamont remained as Chief Secretary to the Treasury where, under Major’s Chancellorship he successfully managed Major’s election campaign to succeed Margaret Thatcher as party leader and Prime Minister.
In June 2007, Lord Lamont became Honorary Patron of the Oxford University History Society, one of the University’s largest societies, and from 1996 to 2008 was chairman of Le Cercle, a foreign policy club which meets bi-annually in Washington, DC.
In 2008 Lord Lamont became the President of the Economic Research Council, Britain’s oldest economics-based think tank.
In January 2016 he was appointed trade envoy to Iran along with 12 others appointed by David Cameron, with a target of doubling the UK’s annual exports to £1trn by 2020.