Former chancellor of the exchequer Lord Norman Lamont is to speak at ABTA’s Travel Convention this year.

Lord Lamont was chancellor during the last recession, presiding over the withdrawal of sterling from the Exchange Rate Mechanism, on the day which became known as Black Monday.

He will be talking about the likely course of the current recession and the outlook for UK business and recovery.

ABTA chief executive Mark Tanzer said: “We are very lucky to have someone of the calibre of Lord Lamont talking in Barcelona.

“He has been at the heart of this country’s finances and had to make some very tough decisions in extremely harsh economic conditions. His hard-earned knowledge will provide invaluable lessons for us all.”

Lord Lamont will be the final keynote speaker at the event in Barcelona between October 6 and 8.