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British Investment Bank
The British Investment Bank was a proposed public bank designed to finance projects of national interest. All members of the G7 group of countries, plus Russia, have a public investment bank of varying kinds, except for Britain. It is seen as a useful route for small and medium businesses to get loans on fair terms, particularly when conventional private banks are reluctant to lend. It was supported by Ed Balls and Chuka Umunna among others in the UK Labour Party in 2013.See https://www.telegraph.co.uk/finance/yourbusiness/9840679/Labour-Small-firms-need-a-British-Investment-Bank.html See also *British Business Bank *Nordic Investment Bank *KfW The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment bank, investment and Development finance institution, development bank, based in Frankfurt ... Notes {{refs References *R Skidelsky, ''Blueprint for a British Investment Bank''2013 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ed Balls
Edward Michael Balls (born 25 February 1967) is a British broadcaster, writer, economist, professor and former politician who served as Secretary of State for Children, Schools and Families from 2007 to 2010, and as Shadow Chancellor of the Exchequer from 2011 to 2015. A member of the Labour Party and the Co-operative Party, he was Member of Parliament (MP) for Normanton and later for Morley and Outwood between 2005 and 2015. Balls attended Nottingham High School before he studied philosophy, politics and economics at Keble College, Oxford, and was later a Kennedy Scholar in economics at the John F. Kennedy School of Government, Harvard University. He was a teaching fellow at Harvard from 1988 to 1990, when he joined the ''Financial Times'' as the lead economic writer. Balls had joined the Labour Party while attending Nottingham High School, and became an adviser to Shadow Chancellor Gordon Brown in 1994, continuing in this role after Labour won the 1997 general election, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuka Umunna
Chuka Harrison Umunna (; born 17 October 1978) is a British retired politician who served as Member of Parliament (UK), Member of Parliament (MP) for Streatham (UK Parliament constituency), Streatham from 2010 United Kingdom general election, 2010 until 2019 United Kingdom general election, 2019. A former member of the Labour Party (UK), Labour Party, he was part of the Shadow Cabinet of Ed Miliband, Shadow Cabinet from 2011 to 2015. He left Labour in February 2019, when he resigned to form The Independent Group, later Change UK, along with six other MPs. Later in 2019, he left Change UK and, after a short time as an Independent politician, independent MP, joined the Liberal Democrats (UK), Liberal Democrats. In the 2019 general election, he was unsuccessful in being re-elected as an MP and did not return to the House of Commons. Born in Lambeth to a Nigerian father and English-Irish mother, Umunna was educated at St Dunstan's College, a private school in Catford, London Boroug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Labour Party
The Labour Party is a political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists. The Labour Party sits on the centre-left of the political spectrum. In all general elections since 1922, Labour has been either the governing party or the Official Opposition. There have been six Labour prime ministers and thirteen Labour ministries. The party holds the annual Labour Party Conference, at which party policy is formulated. The party was founded in 1900, having grown out of the trade union movement and socialist parties of the 19th century. It overtook the Liberal Party to become the main opposition to the Conservative Party in the early 1920s, forming two minority governments under Ramsay MacDonald in the 1920s and early 1930s. Labour served in the wartime coalition of 1940–1945, after which Clement Attlee's Labour government established the National Health Service and expanded the welfare sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Business Bank
British Business Bank plc (BBB) is a state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium enterprises (SMEs) as well as providing business advice services. It is structured as a public limited company and is owned by the Department for Business, Energy and Industrial Strategy (BEIS, formerly known as the Department of Business, Innovation and Skills or BIS). The bank has its headquarters in Sheffield. History The intention to create a business bank was first announced by the Secretary of State for Business, Innovation and Skills, Vince Cable, in September 2012 with an initial £1 billion of government funding. The aim was to bring a number of government financial schemes, advice services and expertise together, creating a one stop shop for small and medium enterprises (SMEs) to go to. From 1 October 2013, Capital for Enterprise Limited (CfEL), BIS SME policy teams and private sector experti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordic Investment Bank
The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). In 2005, the three Baltic states (Estonia, Latvia, and Lithuania) also became members of the Bank. NIB’s headquarters are located in Helsinki, Finland. NIB acquires the funds for its lending by borrowing on the international capital markets. Strategy NIB provides loans and guarantees to private and public limited companies, governments, municipalities and financial institutions. Its main lending areas are: * energy & water *infrastructure, transport & telecom *industries & services *financial institutions & small and medium-sized enterprises NIB has a significant environmental loan portfolio outside its member countries, including the Baltic Sea and Barents regions. The bank acquires the funds for its lending by borrowing on international capital markets. NIB's bonds have the highest possible credit rating, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
