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Rachel Lomax
Janis Rachel Lomax (born 15 July 1945) is a British economist, banker, and former government official who served as Deputy Governor of the Bank of England, sitting on the Monetary Policy Committee from 1 July 2003 to 30 June 2008. Early life Lomax was born in Swansea, Wales. She was educated at the independent Rossall Preparatory School and Cheltenham Ladies' College, and graduated from Girton College, Cambridge with an MA in 1966, before obtaining an MSc in economics from the London School of Economics in 1968. Career After graduating from LSE in 1968, she joined HM Treasury, where she worked on a range of macroeconomic, monetary, and financial issues. She was in succession Principal Private Secretary to the Chancellor of the Exchequer Nigel Lawson in 1985–86, then a deputy secretary at the Treasury, and then Deputy Chief Economic Adviser in 1990–94. In 1994–95, she was head of the Economic and Domestic Secretariat at the Cabinet Office. From 1995 to 1996, she was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permanent Secretary
A permanent secretary is the most senior Civil Service (United Kingdom), civil servant of a department or Ministry (government department), ministry charged with running the department or ministry's day-to-day activities. Permanent secretaries are the non-political civil service chief executives of government departments or ministries, who generally hold their position for a number of years (thus "permanent") at a ministry as distinct from the changing political secretaries of state to whom they report and provide advice. The role originated in the Civil Service (United Kingdom), civil service of the United Kingdom and has been adopted in several Commonwealth of Nations, Commonwealth countries as well as other countries influenced by the Westminster system. Country Australia In Australia, the position is called the "department secretary", “secretary of the department”, or “director-general of the department” in some states and territories. Canada In Canada, the senio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC Holdings Plc
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 footprint. It is the 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 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC traces its origin to a ''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 first formally incorporated in 1866. In 1991, the present parent legal entity, HSBC Holdings plc, was established in L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Of Lehman Brothers
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its reorganization. These discussions failed, and Lehman filed a Chapter 11 petition that remains the Chapter 11, Title 11, United States Code#Largest cases, largest bankruptcy filing in U.S. history, involving more than in assets. The bankruptcy triggered a 4.5% one-day drop in the Dow Jones Industrial Average, then the largest decline since the September 11 attacks#Economic, attacks of September 11, 2001. It shook confidence in the government's ability to manage the crisis and prompted a general financial panic. Money market mutual funds, a key source of credit, saw mass withdrawal demands to avoid losses, and the interbank len ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stephen Byers
Stephen John Byers (born 13 April 1953) is a British Labour Party politician who was the Member of Parliament (MP) for Wallsend between 1992 and 1997, and North Tyneside from 1997 to 2010. He served in the Cabinet from 1998 to 2002, and was implicated in the MP expenses scandal and retired from politics in 2010. During Byers' ministerial career, he was Chief Secretary to the Treasury, Secretary of State for Trade and Industry, and Secretary of State for Transport, Local Government and the Regions in the Cabinet. Early career Stephen Byers was born in Wolverhampton. He was educated at Wymondham College, a state-run day and boarding school, Chester City Grammar School and the Chester College of Further Education. He then gained a law degree at Liverpool John Moores University and became a law lecturer at Newcastle Polytechnic (now Northumbria University) in 1977, a post he retained until his election as a Member of Parliament in 1992. Byers was elected as a coun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Transport
The secretary of state for transport, also referred to as the transport secretary, is a Secretary of State (United Kingdom), secretary of state in the Government of the United Kingdom, with overall responsibility for the policies of the Department for Transport. The incumbent is a member of the Cabinet of the United Kingdom. The office holder works alongside the other Department for Transport#Ministers, transport ministers. The corresponding shadow minister is the Shadow Secretary of State for Transport, shadow secretary of state for transport, and the secretary of state is also scrutinised by the Transport Select Committee. The position of secretary of state for transport is held by Heidi Alexander, who was appointed by Keir Starmer following the resignation of Louise Haigh. History The Ministry of Transport absorbed the Minister of Shipping, Ministry of Shipping and was renamed the Ministry of War Transport in 1941, but resumed its previous name at the end of the war. The M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Blair
Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party (UK), Leader of the Labour Party from 1994 to 2007. He was Leader of the Opposition (United Kingdom), Leader of the Opposition from 1994 to 1997 and held various shadow cabinet posts from 1987 to 1994. Blair was Member of Parliament (United Kingdom), Member of Parliament (MP) for Sedgefield (UK Parliament constituency), Sedgefield from 1983 to 2007, and was special envoy of the Quartet on the Middle East from 2007 to 2015. He is the second-List of prime ministers of the United Kingdom by length of tenure, longest-serving prime minister in post-war British history after Margaret Thatcher, the longest-serving Labour Party (UK), Labour politician to have held the office, and the first and only person to date to lead the party to three consecutive general election victories. Blair attended the independent s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alistair Darling
Alistair Maclean Darling, Baron Darling of Roulanish, (28 November 1953 – 30 November 2023) was a British politician who served as Chancellor of the Exchequer under prime minister Gordon Brown from 2007 to 2010. A member of the Labour Party (UK), Labour Party, he was a Member of Parliament (United Kingdom), member of Parliament (MP) from 1987 to 2015, representing Edinburgh Central (UK Parliament constituency), Edinburgh Central and Edinburgh South West. Darling was first appointed chief secretary to the Treasury by prime minister Tony Blair in 1997, and was promoted to secretary of state for work and pensions in 1998. After spending four years at that department, he spent a further four years as secretary of state for transport, while also becoming secretary of state for Scotland in 2003. Blair moved Darling for a final time 2006 British cabinet reshuffle, in 2006, making him president of the Board of Trade and secretary of state for trade and industry. After Brown succeede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Transport
The Department for Transport (DfT) is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It is responsible for the English transport network and a limited number of transport matters in Scotland, Wales, and Northern Ireland that have not been Devolution#United Kingdom, devolved. The department is led by the Secretary of State for Transport. The expenditure, administration, and policy of the Department of Transport are scrutinised by the Transport Committee. Responsibilities The Department for Transport has six strategic objectives: * Support the creation of a stronger, cleaner, more productive economy * Help to connect people and places, balancing investment across the country * Make journeys easier, modern and reliable * Make sure transport is safe, secure and sustainable * Prepare the transport system for technological progress and a prosperous future outside the EU * Promote a culture of efficiency and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Work And Pensions
The Department for Work and Pensions (DWP) is a Departments of the Government of the United Kingdom, ministerial department of the Government of the United Kingdom. It is responsible for welfare spending, welfare, pensions and child maintenance policy. As the UK's biggest public service department it administers the State Pension and a range of working age, disability and ill health benefits to around 20 million claimants and customers. It is the second-largest governmental department in terms of employees, and the second largest in terms of expenditure (£228 billion ). The department has two delivery services: Jobcentre Plus administers working age benefits: Universal Credit, Jobseeker's Allowance and Employment and Support Allowance; the Child Maintenance Service provides the statutory child support scheme. DWP also administers State Pension, Pension Credit, disability benefits such as Personal Independence Payment, and support for life events from Maternity Allowance to Berea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
