The Three Old Hacks have known each other for 40 years, having met when they were all working for Financial Weekly magazine in 1984, which is also the year David Smith went on to join The Times. He recalls how Nigel Lawson set the standard as a tax reforming Chancellor with his autumn Budget that year, while Nigel Dudley remembers his lucky escape when he decided to go back to his hotel rather than having a nightcap at the bar of the Grand Hotel in Brighton during the Conservative Party Conference, thus missing the IRA's attempt to assassinate the Prime Minister and her Cabinet.

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