|
People's QE
People's Quantitative Easing (PQE) is a policy proposed by Jeremy Corbyn during the 2015 Labour Party leadership election (UK), 2015 Labour leadership election in August. It would require the Bank of England to create money to finance government investment via a National Investment Bank. Policy Corbyn proposes to have the Bank of England create money to invest in housing and public transport, described by Corbyn as "People's Quantitative Easing". This would aim to turn the UK into a high-skill, high-tech economy and to build more council houses in order to lower long-term housing benefit costs. To achieve this, the Bank would purchase bonds for a state-owned "National Investment Bank". The policy is based on ideas put forward by Richard Murphy (tax campaigner), Richard Murphy. Murphy argues it is a policy designed for use in 2020, in the event the economy remains flat despite traditional quantitative easing, with low inflation, low interest rates, high unemployment and low wage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Corbyn
Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who has been Member of Parliament (United Kingdom), Member of Parliament (MP) for Islington North (UK Parliament constituency), Islington North since 1983. Now an Independent politician, independent, Corbyn had been a member of the Labour Party (UK), Labour Party from 1965 until his expulsion in 2024, and remains a member of the Socialist Campaign Group parliamentary caucus. He served as Leader of the Opposition (United Kingdom), Leader of the Opposition and Leader of the Labour Party (UK), Leader of the Labour Party from 2015 to 2020. Corbyn identifies ideologically as a socialist on the Labour left, political left. Born in Chippenham, Wiltshire, Corbyn joined the Labour Party as a teenager. Moving to London, he became a List of trade unions in the United Kingdom, trade union Union representative, representative. In 1974, he was elected to London Borough of Haringey, Haringey Council and became Secretary of H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational corporation, multinational footprint. It is the List of banks in Europe, largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the List of largest banks, 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest State ownership, non-state owned bank in the world. In 2021, HSBC had $10.8 trillion in assets under custodian bank, custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC traces its origin to a Hong (business), ''hong'' trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. It was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees. The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Finance Institution
Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from commercial lenders. They are often structured as a company that provides loans for projects that a government or nonprofit wants to encourage for non commercial reasons. They can be at a local, national or international level. DFIs include multilateral development banks, national development banks, bilateral development banks, microfinance institutions, community development financial institution and revolving loan funds.Andrea Levere, Bill Schweke, and Beadsie Woo, Development Finance and Regional Economic Development, Washington, DC: CFED, July 2006 Mandate DFIs can play a crucial role in financing private and public sector invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modern Monetary Theory
Modern monetary theory or modern money theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. According to MMT, governments do not need to worry about accumulating debt since they can pay interest by printing money. MMT argues that the primary risk once the economy reaches full employment is inflation, which acts as the only constraint on spending. MMT also argues that inflation can be controlled by increasing taxes on everyone, to reduce the spending capacity of the private sector. MMT is opposed to the mainstream understanding of macroeconomic theory and has been criticized heavily by many mainstream economists. MMT is also strongly opposed by members of the Austrian school of economics. Principles MMT's main tenets are that a government that issues its own fiat money: # Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Statesman
''The New Statesman'' (known from 1931 to 1964 as the ''New Statesman and Nation'') is a British political and cultural news magazine published in London. Founded as a weekly review of politics and literature on 12 April 1913, it was at first connected with Sidney Webb, Sidney and Beatrice Webb and other leading members of the socialist Fabian Society, such as George Bernard Shaw, who was a founding director. The longest-serving editor was Kingsley Martin (1930–1960), and the most recent editor was Jason Cowley (journalist), Jason Cowley, who assumed the post in 2008 and left in 2024. Today, the magazine is a print–digital hybrid. According to its present self-description, it has a modern Liberalism in the United Kingdom, liberal and Independent progressive, progressive political position. Jason Cowley (journalist), Jason Cowley, the magazine's editor, has described the ''New Statesman'' as a publication "of the left, for the left" but also as "a political and literary magaz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Wren-Lewis
Simon Wren-Lewis is a British economist. He is a professor of economic policy at the Blavatnik School of Government at Oxford University and a Fellow of Merton College. Education Wren-Lewis was educated at Latymer Upper School, Hammersmith; Clare College, Cambridge ( MA Economics); and Birkbeck College, London ( MSc Economics). Career Wren-Lewis worked for Her Majesty's Treasury as a budget-team member from 1974 to 1981. From 1976 to 1980, he worked for the National Income Forecasting Team as a senior economic assistant. From 1986 to 1990, he was a Senior Research Officer and Senior Research Fellow at the National Institute of Economic and Social Research. From 1990 to 1995, Wren-Lewis was chair in macroeconomic modelling at the University of Strathclyde. Wren-Lewis is currently an Oxford University professor of economics, teaching undergraduate and Masters of Philosophy (MPhil) students. He conducts research in economic methodology, macroeconomic theory and policy, and inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Peston
Robert James Kenneth Peston (born 25 April 1960) is an English journalist, presenter, and author. He is the Political Editor of ITV News and host of the weekly political discussion show '' Peston'' (previously '' Peston on Sunday'') alongside ITV News Deputy Political Editor Anushka Asthana. From 2006 until 2014, he was the Business Editor of BBC News and its Economics Editor from 2014 to 2015. He became known to the wider public with his reporting on the 2008 financial crisis, especially with his exclusive information on the Northern Rock crisis. He is the founder of the education charity Speakers for Schools. Early life Robert James Kenneth Peston born into a Jewish family on 25 April 1960, the son of Helen Conroy and Maurice Peston, Baron Peston (1931–2016), an economist and Labour life peer. As the son of a life baron, he is entitled to the courtesy style "The Honourable", but does not use it. He attended Highgate Wood Secondary School, a state comprehensive s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service has over 5,500 journalists working across its output including in 50 foreign news bureaus where more than 250 foreign correspondents are stationed. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK) Conference
The Labour Party Conference is the annual conference of the British Labour Party. It is formally the supreme decision-making body of the party and is traditionally held in the final week of September, during the party conference season when the House of Commons is in recess, after each year's second Liberal Democrat Conference and before the Conservative Party Conference. The Labour Party Conference opens on a Sunday and finishes the following Wednesday, with an address by the Deputy Leader of the Labour Party; the Leader's address is usually on the Tuesday. In contrast to the Liberal Democrat Conference, where every party member attending its Conference, either in-person or online, has the right to vote on party policy, under a one member, one vote system, or the Conservative Party Conference, which does not hold votes on party policy, at the Labour Party Conference, 50% of votes are allocated to affiliated organisations (such as trade unions), and the other 50% to Constitue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Advisory Committee
The British Labour Party's Economic Advisory Committee was in 2015-16 a group of economists, described as experts on globalisation, inequality and innovation, convened by Shadow Chancellor John McDonnell and reporting to Labour Party Leader Jeremy Corbyn, announced on 27 September 2015 at the Labour Party Conference in Brighton, and intended to meet on a quarterly basis to discuss and develop ideas around the official economic strategy to be advocated by the Labour Party, but not to set policy. It has been described as a way to give the Shadow Chancellor defensive cover. In June 2016 Piketty and Blanchflower left, and the remaining members of the Economic Advisory Committee announced they had decided to postpone any further meetings, in the wake of the resignation of numerous members of the Shadow Cabinet in protest over Jeremy Corbyn's leadership. Wren-Lewis cites the Labour leadership's acquiescence of Brexit as his reason for resigning from the Committee. Membership The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, political activist, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the U.S. Council of Economic Advisers. He is known for his support for the Georgist public finance theory and for his critical view of the management of globalization, of ''laissez-faire'' economists (whom he calls " free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received the university's highest academ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
