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" "All my adult life I have seen British governments driven off their virtuous pursuit of low inflation by market problems or political pressures. I was under no illusions when I took Britain into the ERM. I said at the time that membership was no soft option. The soft option, the devaluer's option, the inflationary option, that would in my opinion be a betrayal of Britain's future.
Sir John Major (born 29 March 1943) is a British politician who served as Prime Minister from 1990 to 1997. His childhood was spent in Brixton after his father's business failed, and he left school at 16. He worked for Standard Chartered Bank and became a councillor in Lambeth in 1968. He was elected to Parliament in 1979 and was a Cabinet Minister under Margaret Thatcher before being elected as her successor. After his defeat by Tony Blair's Labour Party in 1997, he retired as Leader of the Conservative Party in favor of William Hague and left the House of Commons at the 2001 general election.
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I have been a Member of Parliament for 18 years. I have been a member of the Government for 14 years, of the Cabinet for ten years and Prime Minister since 1990. When the curtain falls it is time to get off the stage and that is what I propose to do. I shall, therefore, advise my parliamentary colleagues that it would be appropriate for them to consider the selection of a new leader of the Conservative Party to lead the party through Opposition through the years that lie immediately ahead.
If the implication of his remarks is that we should sit down and talk with Mr. Adams and the Provisional IRA, I can say only that that would turn my stomach and those of most hon. Members; we will not do it. If and when there is a total ending of violence, and if and when that ending of violence is established for a significant time, we shall talk to all the constitutional parties that have people elected in their names. I will not talk to people who murder indiscriminately.