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Centre For Economic Performance
The Centre for Economic Performance (CEP) is an interdisciplinary research centre at the London School of Economics dedicated to the study of economic growth and effective ways to create a fair, inclusive and sustainable society. Currently led by Prof. Stephen Machin, it is one of the world's most prestigious economic research institutes, being the most important economic research institute in the United Kingdom, jointly with the Centre for Economic Policy Research. Its research performance has been particularly strong in the research areas of labour economics, productivity, happiness economics, human capital, the knowledge economy, ICT, innovation, education, and European microeconomic issues. History The Centre for Economic Performance was founded in 1990 at the London School of Economics with funding from the Economic and Social Research Council (ESRC) to conduct research on the determinants of economic performance, especially in Britain. The CEP was awarded a Queen’s A ...
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Director (business)
The term director is a title given to the senior management staff of businesses and other large organizations. The term is in common use with two distinct meanings, the choice of which is influenced by the size and global reach of the organization and the historical and geographic context. Further to this, the term is also used in reference to various technical (legal) definitions specific to corporate governance legislation in individual countries. Thus, a director can be any of: * A person appointed to act as the most senior manager of the company itself (managing director) or of a key function (finance director, operations director, etc.), in which case the title is analogous to and replaces the "C-Suite" titles, this might be considered as the British English meaning of the word. * A person from a group of managers who leads or supervises a particular area of a company, which might be considered to be the American English meaning of the word. * A person holding a "director ...
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Queen’s Anniversary Prize
The Queen Elizabeth Prizes for Education (formerly Queen's Anniversary Prizes) are a biennially awarded series of prizes awarded to universities and colleges in the further and higher education sectors within the United Kingdom. Uniquely it forms part of the British honours system, to date rounds have occurred in 1994, 1996, 1998, 2000, 2002, 2005, 2007, 2009, 2011, 2013, 2015, 2017, 2019, 2021 and 2023. The Queen Elizabeth Prizes for Education recognise outstanding work by UK colleges and universities that shows quality and innovation and delivers real benefit to the wider world and public through education and training. The Prizes are the highest national Honour awarded in UK further and higher education. History The prize is awarded by the Royal Anniversary Trust, a registered charity founded in 1990 to develop a program to mark 1992 as the 40th year of Elizabeth II's reign as British monarch. The program had these four goals: *celebrate the anniversary *establish an educatio ...
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Raj Chetty
Nadarajan "Raj" Chetty (born August 4, 1979) is an Indian-American economist who is the William A. Ackman Professor of Public Economics at Harvard University. Some of Chetty's recent papers have studied equality of opportunity in the United States and the long-term impact of teachers on students' performance. Offered tenure at the age of 28, Chetty became one of the youngest tenured faculty in the history of Harvard's economics department. He is a recipient of the John Bates Clark Medal and a 2012 MacArthur Fellow. Currently, he is also an advisory editor of the '' Journal of Public Economics''. In 2020, he was awarded the Infosys Prize in Economics, the highest monetary award recognizing achievements in science and research, in India. Education and early career Raj Chetty was born in New Delhi, India and lived there until the age of nine. His family immigrated to the United States in 1988. Chetty graduated from University School of Milwaukee in 1997 and earned his AB from H ...
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Nicholas Stern
Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946), is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE), and 2010 Professor of Collège de France. He was President of the British Academy from 2013 to 2017, and was elected Fellow of the Royal Society in 2014. Education After attending Latymer Upper School, Stern studied the Mathematical Tripos and was awarded a Bachelor of Arts degree in maths at Peterhouse, Cambridge in 1967. In 1971, his DPhil in economics at Nuffield College, Oxford, with thesis on the rate of economic development and the theory of optimum planning, was supervised by James Mirrlees, winner of the Nobel Prize in Economics in 1996. Career and research 1970–2007 He was a lecturer at the University of Oxford from 1970 to 1977 and served as a professor of economi ...
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Angus Deaton
Sir Angus Stewart Deaton (born 19 October 1945) is a British-American economist and academic. Deaton is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development. In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare. Biography Deaton was born in Edinburgh, Scotland. He attended Hawick High School and then Fettes College as a foundation scholar, working at Portmeirion hotel in the summer of 1964. He earned his B.A., M.A. and Ph.D. degrees at the University of Cambridge, the last with a 1975 thesis entitled ''Models of Consumer Demand and Their Application to the United Kingdom'' under the supervision of Richard Stone''.'' At Cambrid ...
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EU–UK Trade And Cooperation Agreement
The EU–UK Trade and Cooperation Agreement (TCA) is a free trade agreement signed on 30 December 2020, between the European Union (EU), the European Atomic Energy Community (Euratom), and the United Kingdom (UK). It Provisional application (treaty), provisionally applied from 1 January 2021, when the Brexit transition period ended, before formally entering into force on 1 May 2021, after the ratification processes on both sides were completed: the Parliament of the United Kingdom, UK Parliament ratified on 30 December 2020; the European Parliament and the Council of the European Union ratified in late April 2021. The agreement, which governs the Post-Brexit United Kingdom relations with the European Union, relationship between the EU and the UK after Brexit, was concluded after Trade negotiation between the UK and the EU, eight months of negotiations. It provides for free trade in goods and limited mutual market access in services, as well as for cooperation mechanisms in a ran ...
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Brexit
Brexit (, a portmanteau of "Britain" and "Exit") was the Withdrawal from the European Union, withdrawal of the United Kingdom (UK) from the European Union (EU). Brexit officially took place at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 Central European Time, CET). The UK, which joined the EU's precursors the European Communities (EC) on 1 January 1973, is the only member state to have withdrawn from the EU, although the territories of Greenland (part of the Kingdom of Denmark) previously left the EC in 1985 and Algeria (formerly French Algeria, part of France) left in 1976. Following Brexit, EU law and the Court of Justice of the European Union no longer have Primacy of European Union law, primacy over British laws but the UK remains legally bound by obligations in the various treaties it has with other countries around the world, including many with EU member states and indeed with the EU itself. The European Union (Withdrawal) Act 2018 retains relevant EU law as La ...
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Paul Krugman
Paul Robin Krugman ( ; born February 28, 1953) is an American New Keynesian economics, New Keynesian economist who is the Distinguished Professor of Economics at the CUNY Graduate Center, Graduate Center of the City University of New York. He was a columnist for ''The New York Times'' from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory, new trade theory and New Economic Geography, new economic geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of Economy of scale, economies of scale and of consumer preferences for diverse goods and services. Krugman was previously a professor of economics at MIT, and, later, at Princeton University which he retired from in June 2015, holding the title of Emeritus, professor emeritus there ever since. He also holds the title o ...
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Tony Venables
Anthony James Venables, CBE, (born 25 April 1953), is a British economist and the BP Professor of Economics at the Department of Economics, University of Oxford. Venables is known as one of the pioneers of New economic geography. He co-authored along with Paul Krugman and Masahisa Fujita the influential book ''The Spatial Economy - Cities, Regions and International Trade'' (2001). He is the current director of the Oxford Centre for the Analysis of Resource Rich Economies (OxCarre). He also serves on the Steering Group of the International Growth Centre. From 2005 to 2008, he held the position of Chief Economist at the UK Department for International Development. Education Venables studied economics at Clare College, Cambridge, where he obtained his B.A. in 1974. After completing his undergraduate degree, he then took up his studies at St. Antony's College, Oxford. He then became a lecturer at various universities before completing his D.Phil. in economics in 1984 from Worces ...
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Low Pay Commission
The Low Pay Commission (LPC) is an independent body in the United Kingdom, established in 1997, that advises the government on the National Minimum Wage. It is an advisory non-departmental public body of the Department for Business and Trade (DBT). History and role The LPC was established in July 1997 on a non-statutory basis before being confirmed in legislation by the National Minimum Wage Act 1998. Each year, the LPC advises the government on what rates the different minimum wages in the UK should be, announcing its recommendation six months before it would come into force. It is then up to the government to accept or reject the LPC's recommendations. The government has usually accepted the wage levels advocated by the LPC. Structure The LPC consists of nine Low Pay Commissioners who are selected by the DBT. The Commissioners are a mixture of employers, trade unionists and academics. Chairs * 2009 to 2017 – Sir David Norgrove * 2017 to 2024 (2017 to 2019 as interim ...
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Trade Union Reform And Employment Rights Act 1993
The Trade Union Reform and Employment Rights Act 1993 (c. 19) was a UK labour law that abolished the minimum wages set by sectors through 27 remaining wage councils. It also recast parts of the Employment Protection (Consolidation) Act 1978 and altered the Trade Union and Labour Relations (Consolidation) Act 1992. Most parts were then transferred to the Employment Rights Act 1996. Overview *ss 43 and 44 narrowed the powers of ACAS, removing power to intervene in collective bargaining by giving advice, and stressing its new "advisory" role, making its services not free of charge, stipulating that ACAS's chairman need not be full-time, and introducing "compromise agreements" See also *UK labour law United Kingdom labour law regulates the relations between workers, employers and trade unions. People at work in the UK have a minimum set of employment rights, from Acts of Parliament, Regulations, common law and equity (legal concept), equity. ... Notes {{DEFAULTSORT:Trade ...
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