"will deservedly be numbered.' Norman Lamont Norman Stewart Hughson Lamont, Baron Lamont of Lerwick, PC (born 8 May 1942) is a British politician and former Conservative MP for Kingston-upon-Thames. He is best known for his period serving as Chancellor of the Exchequer, from 1990 until 1993. He was created a life peer in 1998. Lamont is a supporter of the Eurosceptic organisation Leave Means Leave. Lamont was born in Lerwick, in the Shetland Islands, where his father was the islands' surgeon. He was educated at Loretto School, Musselburgh, Scotland, and read Economics at Fitzwilliam College, Cambridge, where he was Chairman"
"human dignity and the environment, and for the major role he has played in helping to stabilise the world's financial system"". Speeches Gordon Brown James Gordon Brown (born 20 February 1951) is a British politician who was Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. He served as Chancellor of the Exchequer in the Blair Government from 1997 to 2007. Brown was a Member of Parliament (MP) from 1983 to 2015, first for Dunfermline East and later for Kirkcaldy and Cowdenbeath. A doctoral graduate of the University of Edinburgh, Brown spent his"
"of British Gymnastics, as well as an enthusiastic follower of cricket and motor racing; he is also a supporter of Chelsea F.C. John Major Sir John Major (born 29 March 1943) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 1990 to 1997. He served as Foreign Secretary and then Chancellor of the Exchequer in the Thatcher Government from 1989 to 1990, and was the Member of Parliament (MP) for Huntingdon from 1979 until his retirement in 2001. Since the death of Margaret Thatcher in 2013, Major has been"
"Gordon Brown James Gordon Brown (born 20 February 1951) is a British politician who was Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. He served as Chancellor of the Exchequer in the Blair Government from 1997 to 2007. Brown was a Member of Parliament (MP) from 1983 to 2015, first for Dunfermline East and later for Kirkcaldy and Cowdenbeath. A doctoral graduate of the University of Edinburgh, Brown spent his early career working as both a lecturer at a further education college and a television journalist. He entered Parliament in 1983 as"
"Alistair Darling Alistair Maclean Darling, Baron Darling of Roulanish, (born 28 November 1953) is a British Labour Party politician who served as Chancellor of the Exchequer in the Labour Government from 2007-2010 and as a Member of Parliament (MP) from 1987 until he stepped down in 2015, most recently for Edinburgh South West. He was one of only three people to have served in the Cabinet continuously from Labour's landslide victory at the 1997 general election until their defeat at the 2010 general election; the other two were Gordon Brown and Jack Straw. Darling was first appointed as Chief Secretary"
"John Major Sir John Major (born 29 March 1943) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 1990 to 1997. He served as Foreign Secretary and then Chancellor of the Exchequer in the Thatcher Government from 1989 to 1990, and was the Member of Parliament (MP) for Huntingdon from 1979 until his retirement in 2001. Since the death of Margaret Thatcher in 2013, Major has been the oldest living former Prime Minister. Born in St Helier, Surrey, Major grew up in Brixton. He initially worked as an insurance"
"Nigel Lawson Nigel Lawson, Baron Lawson of Blaby, (born 11 March 1932) is a British Conservative politician and journalist. He was a Member of Parliament representing the constituency of Blaby from 1974 to 1992, and served in the cabinet of Margaret Thatcher from 1981 to 1989. Prior to entering the Cabinet, he served as the Financial Secretary to the Treasury from May 1979 until his promotion to Secretary of State for Energy. He was appointed as Chancellor of the Exchequer in June 1983, and served until his resignation in October 1989. In both Cabinet posts, Lawson was a key proponent"
"majority in the first round and was persuaded to withdraw from the second round on 22 November, ending her 11-year premiership. Her Chancellor of the Exchequer John Major contested the second round and defeated Michael Heseltine as well as Foreign Secretary Douglas Hurd, becoming prime minister on 27 November 1990. By this stage, however, Britain had slid into recession for the third time in less than 20 years. Unemployment had started to rise in the spring of 1990 but by the end of the year it was still lower than in many other European economies, particularly France and Italy. John"
"the MP for Dunfermline East. He joined the Shadow Cabinet in 1989 as Shadow Secretary of State for Trade, and was later promoted to become Shadow Chancellor of the Exchequer in 1992. After Labour's victory in 1997, he was appointed Chancellor of the Exchequer, becoming the longest-serving holder of that office in modern history. Brown's time as Chancellor was marked by major reform of Britain's monetary and fiscal policy architecture, transferring interest rate setting powers to the Bank of England, by a wide extension of the powers of the Treasury to cover much domestic policy and by transferring responsibility for"
"to make way for a leader more likely to win the next general election. Her successor was the Chancellor of the Exchequer John Major, who was elected on 27 November 1990, and who at 47 became the youngest Conservative Prime Minister of the 20th century. <section begin=""June 1987 to July 1989"" /> <section begin=""July 1989 to November 1990"" /> Members of the Cabinet are in bold face. Third Thatcher ministry Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative government. She was the first woman"
"John McDonnell John Martin McDonnell (born 8 September 1951) is a British Labour Party politician who was appointed the Shadow Chancellor of the Exchequer in September 2015. He has been the Member of Parliament (MP) for Hayes and Harlington since the 1997 general election. He has served as chair of the Socialist Campaign Group in Parliament and the Labour Representation Committee, and was the chair of the Public Services Not Private Profit Group. He is also parliamentary convenor of the Trade Union Co-ordinating Group of eight left-wing trade unions representing over half a million workers. McDonnell attempted to stand for"
"principle of separation of powers. In this context, Blair had four defeats in the Parliament, including an amendment that would have allowed the conditional detention of terrorism suspects. Political commentators have also pointed to the constant tussle between the Chancellor Gordon Brown and Tony Blair as evidence that the Prime Minister was not all too powerful. This, according to them, demonstrates that the Cabinet was still an effective arena for political dialogue. Gordon Brown served as Chancellor of the Exchequer of the United Kingdom from the Labour Party's 1997 general election victory on 2 May 1997 to 27 June 2007,"
"years when a budget surplus has been delivered, twice whilst the Conservative's John Major was Chancellor of the Exchequer in 1988 and 1989 and four times whilst Labour's Gordon Brown was Chancellor, in 1998, 1999, 2000 and 2001. Because of the multiplier effect, it is possible to change aggregate demand (Y) keeping a balanced budget. Suppose the government increases its expenditures (G), balancing the increase by an increase in taxes (T). Since only part of the income taken away from households would have actually been spent, the change in consumption expenditure will be smaller than the change in taxes. Therefore,"
"the general election. In the 1997 general election, Labour defeated the Conservatives by a landslide to end their 18-year exile from government, and when Tony Blair, the new Prime Minister, announced his ministerial team on 2 May 1997, he appointed Brown as Chancellor of the Exchequer. Brown would remain in this role for 10 years and two months, making him the longest-serving Chancellor in modern history. The Prime Minister's website highlights some achievements from Brown's decade as Chancellor: making the Bank of England independent and delivering an agreement on poverty and climate change at the G8 summit in 2005. On"
"to win the next general election which was due within 18 months. The announcement of the Community Charge (often referred to as the Poll Tax) during 1989 and the onset of a recession shortly before Thatcher's resignation had seen Tory support plunge in the opinion polls, most of which were showing a double-digit Labour lead and making it seem likely that Neil Kinnock would be the next Prime Minister. Conservative MPs elected Chancellor of the Exchequer John Major as their new leader on 27 November 1990, and he was invited by the Queen to form a government the following day."
"cabinet member, challenged her for the leadership in November 1990. She won the first round, but not enough to win outright, and having initially announced her intention to ""fight on and fight to win"" she resigned after it was clear the cabinet wouldn't back her she announced her intention to stand down. This signalled the end of her time in office on 22 November 1990 after 11 years as prime minister—a longer spell in power than any prime minister of the 20th century. In the ensuing second ballot, the Chancellor of the Exchequer John Major beat Heseltine and Douglas Hurd."
"in descending order of rank: Historically, the Chancellor of the Exchequer was also the First Lord of the Treasury, and usually by extension Prime Minister as well. However the increasing sophistication of government spending led to the development of the chancellorship into a more refined position of finance minister, and so gradually particularised the office in a way less suitable for headship of the ministry overall. The last Chancellor-Prime Minister was Stanley Baldwin in 1923, and then only very briefly - the last substantive overlap was William Gladstone in 1880-1882. A more immediately significant trend though was the rebalancing of"
"Hugh Dalton Edward Hugh John Neale Dalton, Baron Dalton, (16 August 1887 – 13 February 1962) was a British Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. He shaped Labour Party foreign policy in the 1930s, opposing pacifism and promoting rearmament against the German threat, and strongly opposed the appeasement policy of Prime Minister Neville Chamberlain in 1938. Dalton served in Winston Churchill's wartime coalition cabinet; after the Dunkirk evacuation he was Minister of Economic Warfare, and established the Special Operations Executive. As Chancellor, he pushed his policy of cheap money too"
"was forced to take time off work. John McDonnell John Martin McDonnell (born 8 September 1951) is a British Labour Party politician who was appointed the Shadow Chancellor of the Exchequer in September 2015. He has been the Member of Parliament (MP) for Hayes and Harlington since the 1997 general election. He has served as chair of the Socialist Campaign Group in Parliament and the Labour Representation Committee, and was the chair of the Public Services Not Private Profit Group. He is also parliamentary convenor of the Trade Union Co-ordinating Group of eight left-wing trade unions representing over half a"
"George Osborne George Gideon Oliver Osborne (born 23 May 1971) is a British Conservative Party politician, who was Member of Parliament (MP) for Tatton from June 2001 until he stood down on 3 May 2017. He served as Chancellor of the Exchequer under Prime Minister David Cameron from 2010 to 2016. He has been editor of the ""London Evening Standard"" since May 2017 and chair of the Northern Powerhouse Partnership (NPP) since September 2016. Osborne worked briefly as a freelancer for ""The Daily Telegraph"" before joining the Conservative Research Department in 1994 and becoming head of its political section. He"
"should be a ""hard ecu"", competing against existing national currencies; this idea was not in the end adopted. In October 1990, Major and Douglas Hurd, Major's successor as Foreign Secretary, persuaded Thatcher to support British entry to the European Exchange Rate Mechanism, a move which she had resisted for many years, and which had played a part in the resignation of Nigel Lawson. After Michael Heseltine challenged Thatcher for the leadership of the Conservative Party in November 1990, Major and Douglas Hurd were the proposer and seconder on her nomination papers for the leadership ballot. After Thatcher was unable to"
"the seat was the Rt Hon Lynda Chalker Minister for Europe (1986-1989) and Minister for Overseas Development (1989-1997). Angela Eagle was Exchequer Secretary to the Treasury for two years then Minister for Pensions and Ageing Society for a year at the close of the Brown Ministry, before becoming in opposition Shadow Chief Secretary to the Treasury until October 2011, when in the general Shadow Cabinet reshuffle of Ed Miliband, she succeeded the Rt Hon Hilary Benn as Shadow Leader of the House of Commons. She unsuccessfully stood for Deputy Leadership of the Labour Party in 2015 and subsequently was appointed"
"post was taken by Conservative MP David Gauke. In May 2015, Conservative MP Damian Hinds assumed the office. From 15 June 2017 to January 2018, Andrew Jones served as the Exchequer Secretary to HM Treasury. On 9 January 2018, Robert Jenrick was appointed to the post. ""HM Treasury"" Responsibility for procurement policy and the former Office of Government Commerce was transferred to the Cabinet Office in 2011. Exchequer Secretary to the Treasury The Exchequer Secretary to the Treasury is a junior ministerial post in the British Treasury, ranked below the First Lord of the Treasury, the Chancellor of the Exchequer,"
"was not possible in the midst of unemployment. Gordon Brown was an important figure in Blair's Labour government and played a key role in developing the party's philosophy. Brown served as Shadow Chancellor of the Exchequer from 1992 to 1997 and was appointed Chancellor of the Exchequer following Labour's election victory in 1997. He attempted to control public spending and sought to increase the funding for education and healthcare. His economic strategy was market-based, attempting to reform the welfare state through a tax credit scheme for poorer working families and he assigned the Bank of England to set interest rates."
"only to lose it again at the 2017 general election. 1990 Conservative Party (UK) leadership election The 1990 Conservative Party leadership election in the United Kingdom took place on 20 November 1990 following the decision of Michael Heseltine, former Defence and Environment Secretary, to challenge Margaret Thatcher, the incumbent Prime Minister, for leadership of the Conservative Party. Thatcher failed to win outright under the terms of the election in the first ballot, and was persuaded to withdraw from the second round of voting. She announced her resignation on the morning of 22 November 1990, ending more than 15 years as"
"used interchangeably with ""economic spokesperson"" by the Liberal Democrats as well as the main opposition party. This was a source of humour for one time Chancellor of the Exchequer Gordon Brown, who in 2005 played the two off against one another in Parliament, saying, ""I, too, have a great deal of time for the shadow Chancellor who resides in Twickenham [<nowiki></nowiki>Vince Cable<nowiki></nowiki>], rather than the shadow Chancellor for the Conservative Party."" The position of Shadow Chancellor of the Exchequer is currently held by John McDonnell. Shadow Chancellor of the Exchequer The Shadow Chancellor of the Exchequer in the British Parliamentary"
"of being run by trade unions. Kinnock was also perceived as scoring in debates over Margaret Thatcher in the Commons—previously an area in which he was seen as weak—and finally Michael Heseltine challenged Thatcher's leadership and she resigned on 28 November 1990 to be succeeded by then-Chancellor of the Exchequer, John Major. Kinnock greeted Thatcher's resignation by describing it as ""very good news"" and demanded an immediate general election. Public reaction to Major's elevation was highly positive. A new Prime Minister and the fact that Kinnock was now the longest-serving current leader of a major party reduced the impact of"
"Act 1990. In 1990, John Major made Patten Chancellor of the Duchy of Lancaster and Chairman of the Conservative Party, with responsibility for organising the Conservative Party's re-election campaign for the upcoming general election. As party chairman, he was widely considered to be the main architect of the somewhat unexpected Conservative victory at the 1992 general election. However, he lost his marginal seat of Bath to the Liberal Democrat candidate Don Foster at that election. Patten's defeat was attributed to factors such as the Poll Tax. If Patten had been re-elected in 1992, sections of the media thought he would"
"but severe recession occurred between 1990 and 1992 following the economic chaos of Black Wednesday under government of John Major, who had succeeded Margaret Thatcher in 1990. However the rest of the 1990s saw the beginning of a period of continuous economic growth that lasted over 16 years and was greatly expanded under the New Labour government of Tony Blair following his landslide election victory in 1997, with a rejuvenated party having abandoned its commitment to policies including nuclear disarmament and nationalisation of key industries, and no reversal of the Thatcher-led union reforms. From 1964 up until 1996, income per"
"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 from 1975 to 1990. She was the longest-serving British prime minister of the 20th century and the first woman to hold that office. A Soviet journalist dubbed her ""The 'Iron Lady, a nickname that became associated with her uncompromising politics and leadership style. As Prime Minister, she implemented policies known as Thatcherism. A research chemist at Somerville College, Oxford, before becoming a barrister, Thatcher"
"22 November 1990 (she remained in office as Prime Minister until the contest had been concluded). As a result of this, two further candidates allowed themselves to be nominated: the Foreign Secretary, Douglas Hurd, and the Chancellor of the Exchequer, John Major. The Cabinet agreed that if Heseltine became party leader, it would divide the party even further; and that one of its present members should succeed Thatcher. The only Cabinet member to endorse Heseltine for the second ballot was the Welsh Secretary, David Hunt, who had not been party to the agreement as he had been away in Tokyo."
"Third Thatcher ministry Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative government. She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise the British economy through deregulation, privatisation, and the promotion of entrepreneurialism. This article details the third government Thatcher led at the invitation of Queen Elizabeth II from 1987 to 1990. The Conservatives were elected for a third successive term in June 1987, with a majority of 102 seats. It enabled Margaret Thatcher to become the longest-serving"
"not work effectively and argued for more rehabilitation of offenders and alternative sentencing.Also during his tenure large numbers of Metropolitan Police Officers were used to aid News International in their dispute with Print Unions. Hurd's Cabinet career progressed further during the turbulent final months of Margaret Thatcher's prime ministership. On 26 October 1989, Hurd moved to the Foreign Office, succeeding John Major, whose rapid rise through the Cabinet saw him become Chancellor of the Exchequer in the wake of Nigel Lawson's resignation. This was the post in which Hurd made his greatest political impact. In mid-November 1990, he supported Margaret"