This episode is sponsored by Canacord Genuity Wealth Management.

Experience Wealth Managers who go above and beyond to guide and support you.

Kandu is more than just an attitude.

It's navigating today for a brighter tomorrow.

Visit kanduwealth.com.

Hello and welcome to Coffee House shots.

I'm James Hill and I'm joined today by the end of the spectator phrase in Elton

and Lucy Fisher at Times Radio shortly to be joining Financial Times.

I think the big news today obviously is the death of Nigel Lawson at the age of 91.

Fraser, we had in the lunchtime email today a tribute by the prime minister.

Talk us through Nigel Lawson and why he was such a titanic figure in post-war British politics.

I would say that he was easily the most consequential chancellor of the post-war era.

And the interesting thing is why was it that when Richie Sonata became chancellor,

he had a portrait of Nigel Lawson on his wall.

I mean, typically chancellors would have other heroes from the last century or stuff,

but what interesting is what lessons Richie Sonata drew from that particular part of history,

which tells us not just about history but what he's trying to do now.

Now the aspects he admired of Nigel Lawson was he was a radical,

but a radical who prepared very heavily for the political battle.

So you'd make the arguments first, then when you've made them and won them you then do the reform.

If you look at what was trusted, she took tax down to 40% like Nigel Lawson did.

He took it from 60 to 40. Back in the 70s when Dennis Healy was boasting about how he would

...