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National Economic Development Office
The National Economic Development Council (NEDC) was an economic planning forum set up in 1962 in the United Kingdom to bring together management, trades unions and government – a form of tripartism – in an attempt to address Britain's relative economic decline. It was supported by the National Economic Development Office (NEDO). Both were known as ''Neddy''. Economic Development Committees (EDCs, known as “Little Neddies”) were set up for particular industries. Similar bodies had been evolving for a generation. An Economic Advisory Council had been set up in 1930, chaired by the Prime Minister and including leading economists John Maynard Keynes and Josiah Stamp. In 1941 a National Production Advisory Council was set up, chaired by the Chancellor of the Exchequer. In 1947 there was an Economic Planning Board under Sir Edwin Plowden; it included industrialists and civil servants, and on Plowden's retirement in 1953 the Treasury Permanent Secretary took over as chair. In 1 ...
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Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the Market (economics), market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of Social ownership, socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to ...
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Harold Wilson
James Harold Wilson, Baron Wilson of Rievaulx (11 March 1916 – 23 May 1995) was a British statesman and Labour Party (UK), Labour Party politician who twice served as Prime Minister of the United Kingdom, from 1964 to 1970 and again from 1974 to 1976. He was Leader of the Labour Party (UK), Leader of the Labour Party from 1963 to 1976, Leader of the Opposition (United Kingdom), Leader of the Opposition twice from 1963 to 1964 and again from 1970 to 1974, and a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1945 United Kingdom general election, 1945 to 1983 United Kingdom general election, 1983. Wilson is the only Labour leader to have formed administrations following four general elections. Born in Huddersfield, Yorkshire, to a politically active lower middle-class family, Wilson studied a combined degree of philosophy, politics and economics at Jesus College, Oxford. He was later an Economic History lecturer at New College, Oxford, and a research fello ...
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British Economic Policy
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture * British English, the English language as spoken and written in United Kingdom of Great Britain and Northern Ireland and, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *People or things associated with: ** Great Britain, an island ** British Isles, an island group ** United Kingdom, a sovereign state ** British Empire, a historical global colonial empire ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) * British Raj, colonial India under the British Empire * British Hong Kong, colonial H ...
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Economic And Social Committee
The European Economic and Social Committee (EESC) is a consultative body of the European Union (EU) established in 1958. It is an advisory assembly composed of representatives from employers' associations, workers' unions (trade unions) and civil society organisations. Its seat, which it shares with the Committee of the Regions, is the Jacques Delors building on Belliardstraat / Rue Belliard 99 in Brussels. Once known by the acronym "EcoSoc", the body is now referred to as the "EESC", to avoid confusions with the United Nations ECOSOC. Role The European Economic and Social Committee was established by the Treaty of Rome of 1957 in order to unite different economic interest groups to establish a Single Market. The creation of this committee gave them an institution to allow their voices to be heard by the European Commission, the Council and the European Parliament. The EESC declares itself to be "a bridge between Europe and organised civil society". It is mandatory for ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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John Major
Sir John Major (born 29 March 1943) is a British retired politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1990 to 1997. Following his defeat to Tony Blair's Labour Party (United Kingdom), Labour Party in the 1997 United Kingdom general election, 1997 general election, he became Leader of the Opposition (United Kingdom), Leader of the Opposition, serving in this role from May to June 1997. He previously held Cabinet of the United Kingdom, Cabinet positions under Margaret Thatcher, his last as Chancellor of the Exchequer from 1989 to 1990. Major was Member of Parliament (United Kingdom), Member of Parliament (MP) for Huntingdon (UK Parliament constituency), Huntingdon, formerly Huntingdonshire (UK Parliament constituency), Huntingdonshire, from 1979 to 2001. Since stepping down as an MP in 2001, Major has focused on writing and his business, sporting, and charity work, and has occasiona ...
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Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013), was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1975 to 1990. She was the List of prime ministers of the United Kingdom by length of tenure, longest-serving British prime minister of the 20th century and the first woman to hold the position. As prime minister, she implemented policies that came to be known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist before becoming a Barristers in England and Wales, barrister. She was List of MPs elected in the 1959 United Kingdom general election, elected Member of Parliament for Finchley (UK Parliament constituency), Finc ...
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James Callaghan
Leonard James Callaghan, Baron Callaghan of Cardiff ( ; 27 March 191226 March 2005) was a British statesman and Labour Party (UK), Labour Party politician who served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party (UK), Leader of the Labour Party from 1976 to 1980. Callaghan is the only person to have held all four Great Offices of State, having also served as Chancellor of the Exchequer from 1964 to 1967, Home Secretary from 1967 to 1970 and Foreign Secretary (United Kingdom), Foreign Secretary from 1974 to 1976. He was a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1945 to 1987. Born into a working-class family in Portsmouth, Callaghan left school early and began his career as a tax inspector, before becoming a trade union official in the 1930s. He served as a Lieutenant (navy), lieutenant in the Royal Navy during the Second World War. He was elected to Parliament of the United Kingdom, Parliament at the 1945 U ...
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Edward Heath
Sir Edward Richard George Heath (9 July 1916 – 17 July 2005) was a British politician who served as Prime Minister of the United Kingdom from 1970 to 1974 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1965 to 1975. Heath also served for 51 years as a Member of Parliament (United Kingdom), Member of Parliament from 1950 to 2001. Outside politics, Heath was a Yachting, yachtsman, a musician, and an author. Born in Broadstairs, Kent, Heath was the son of a chambermaid and carpenter. He attended Chatham House Grammar School in Ramsgate, Kent, and became a leader within student politics while studying at Balliol College at the University of Oxford. During World War II, Heath served as an officer in the Royal Artillery. He worked briefly in the Civil Service (United Kingdom), Civil Service, but resigned in order to stand for Parliament, and was elected for Bexley (UK Parliament constituency), Bexley at the 1950 United Kingdom general election, 195 ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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French Economic And Social Council
The Economic, Social and Environmental Council ( French: ''Conseil économique, social et environnemental''), known as the Economic and Social Council before the constitutional law of 23 July 2008, is a consultative assembly in France. It does not play a role in the adoption of statutes and regulations, but advises the lawmaking bodies on questions of social and economic policies. The executive may refer any question or proposal of social or economic importance to the Economic, Social and Environmental Council. The Council publishes reports, which are sent to the Prime Minister, National Assembly and Senate. They are published in the '' Journal Officiel''. See also * Economic and Social Committee of the European Union * United Nations Economic and Social Council The United Nations Economic and Social Council (ECOSOC) is one of six principal organs of the United Nations, responsible for coordinating the economic and social fields of the organization, specifically in r ...
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Selwyn Lloyd
John Selwyn Brooke Selwyn-Lloyd, Baron Selwyn-Lloyd (28 July 1904 – 17 May 1978), was a British politician who served as Speaker of the House of Commons (United Kingdom), Speaker of the House of Commons from 1971 to 1976, having previously held various ministerial positions under Prime Minister of the United Kingdom, Prime Ministers Winston Churchill, Anthony Eden, Harold Macmillan and Alec Douglas-Home between 1954 and 1964. A member of the Conservative Party (UK), Conservative Party, Lloyd served as Foreign Secretary (United Kingdom), Foreign Secretary from 1955 to 1960 and as Chancellor of the Exchequer from 1960 to 1962. He was the Member of Parliament (United Kingdom), Member of Parliament (MP) for Wirral (UK Parliament constituency), Wirral from 1945 to 1976. Born and raised in Cheshire, Lloyd was an active Liberal Party (UK), Liberal as a young man in the 1920s. In the following decade, he practised as a barrister and served on Hoylake Urban District Council, by which ti ...
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