On a balmy September evening in 1992 I remember thinking I was witnessing a political earthquake when I stood a few feet from Norman Lamont as he announced that Britain would be pulling out of the ERM, writes Nicholas Watt.
Nobody could have known that nearly two decades later Black Wednesday would still cast a shadow over British politics - and the two men vying to become prime minister at the next election.
As he walked into the Treasury courtyard, the chancellor was followed by a bright young pup who was profoundly shaken by Britain's tumultuous exit from the ERM.
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