As chancellor of the Exchequer, he helped lift Britain with tax cuts and other Conservative measures — the “Lawson Boom” — but harder times followed, and he resigned.
The pound and the euro are trading at decades-long lows against the dollar. For American students abroad, that has made weekend trips, dinners and theater tickets (somewhat) less of a splurge.
Jumps in energy and food prices again pushed inflation in the 19 countries that use the euro to the highest annual rate recorded since the currency was created.