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Kenneth Clarke: The once and future Chancellor?

19th November 2008

Kenneth Clarke made his name clearing up after Black Wednesday. Now Britain's elder statesman of finance is back with a plan to save the country.

A comeback by Clarke would be the most extraordinary turn of events for the 68-year-old MP, who made his name as one of the country's most successful chancellors after John Major promoted him to clear up the mess created by the UK's humiliating exit from the exchange rate mechanism on Black Wednesday. Clarke is credited with bringing recovery to the country, and with laying the foundation for the stability inherited by Labour for its first term in office.

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