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Big Bang (financial Markets)
The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures, including abolition of fixed commission charges and of the distinction between stockjobbers and stockbrokers on the London Stock Exchange and change from open outcry to screen-based electronic trading, effected by UK Prime Minister Margaret Thatcher in 1986. History Big Bang was the result of an agreement in 1983 by the Thatcher government and the London Stock Exchange to settle a wide-ranging antitrust case that had been initiated during the previous government by the Office of Fair Trading against the London Stock Exchange under the Restrictive Trade Practices Act 1956. These restrictive practices included the London Stock Exchange's rules establishing fixed minimum commissions, the "single capacity" rule (which enforced a separation between brokers acting as agents for their clients on commission and jobbers who made the markets and theoretically provided l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bishopsgate2
Bishopsgate was one of the eastern gates in London's former defensive wall. The gate gave its name to the Bishopsgate Ward of the City of London. The ward is traditionally divided into ''Bishopsgate Within'', inside the line wall, and ''Bishopsgate Without'' beyond it. ''Bishopsgate Without'' is described as part of London's East End. The ancient boundaries of the City wards were reviewed in 1994 and 2013, so that the wards no longer correspond very closely to their historic extents. ''Bishopsgate Without'' gained a significant part of Shoreditch from the London Borough of Hackney, while nearly all of ''Bishopsgate Within'' was transferred to other wards. Bishopsgate is also the name of the street, being the part of the originally Roman Ermine Street (now the A10) within the traditional extent of the Ward. The gate The gate was first built in the Roman era, probably at the time the wall was first built. The road though the gate, Ermine Street, known at this point as Bishops ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isle Of Dogs
The Isle of Dogs is a large peninsula bounded on three sides by a large meander in the River Thames in East London, England, which includes the Cubitt Town, Millwall and Canary Wharf districts. The area was historically part of the Manor, Hamlet, Parish and, for a time, the wider borough of Poplar. The name had no official status until the 1987 creation of the Isle of Dogs Neighbourhood by Tower Hamlets London Borough Council. It has been known locally as simply "the Island" since the 19th century. The whole area was once known as Stepney Marsh; Anton van den Wyngaerde's "Panorama of London" dated 1543 depicts and refers to the Isle of Dogs. Records show that ships preparing to carry the English royal household to Calais in 1520 docked at the southern bank of the island. The name ''Isle of Dogges'' occurs in the ''Thamesis Descriptio'' of 1588, applied to a small island in the south-western part of the peninsula. The name is next applied to the ''Isle of Dogs Farm'' (origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalization
Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and State ownership, state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote that: "Success will go to those companies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of London
The economy of London is dominated by service industries, particularly financial services and associated professional services, which have strong links with the economy in other parts of the United Kingdom (UK) and internationally. In addition to being the capital city of the United Kingdom, London is one of the world's leading financial centres for international business and commerce and is one of the "command centres" for the global economy. London is the most populous region, urban zone and metropolitan area in the United Kingdom. London had the fifth largest metropolitan economy in the world in 2011 according to the Brookings Institution. Some of its neighbourhoods have estimated per capita GVA as high as £116,800 ($162,200). The London fiscal surplus, £32.5 billion in 2016–17, mostly goes towards funding services in other parts of the UK. London generates approximately 22 per cent of the UK's GDP. 841,000 private sector businesses were based in London at the start ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 In The United Kingdom
Events from the year 1986 in the United Kingdom. It is particularly noted for the "Big Bang (financial markets), Big Bang" deregulation of the financial markets. Incumbents * Monarch of the United Kingdom, Monarch – Elizabeth II * Prime Minister of the United Kingdom, Prime Minister – Margaret Thatcher (Conservative Party (UK), Conservative) * Parliament of the United Kingdom, Parliament – List of MPs elected in the 1983 United Kingdom general election, 49th Events January *January – The Vauxhall Belmont compact saloon goes on sale, giving buyers a traditional saloon alternative to the Vauxhall Astra, Astra hatchback and estate models. The car would remain in production until September 1991. *7 January – The Society of Motor Manufacturers and Traders announces that a record of more than 1.8 million new cars were sold in Britain during 1985, beating the previous record set in 1983. The Ford Escort was Britain's most popular new car for the fourth year running and all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 In Economics
The year 1986 was designated as the International Year of Peace by the United Nations. Events January * January 1 ** Aruba gains increased autonomy from the Netherlands by separating from the Netherlands Antilles. **Spain and Portugal enter the European Community, which becomes the European Union in 1993. *January 11 – The Gateway Bridge in Brisbane, Australia, at this time the world's longest prestressed concrete free-cantilever bridge, is opened. * January 13– 24 – South Yemen Civil War. * January 20 – The United Kingdom and France announce plans to construct the Channel Tunnel. *January 24 – The Voyager 2 space probe makes its first encounter with Uranus. * January 25 – Yoweri Museveni's National Resistance Army Rebel group takes over Uganda after leading a five-year guerrilla war in which up to half a million people are believed to have been killed. They will later use January 26 as the official date to avoid a coincidence of dates with Dictator Idi Amin's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wimbledon Effect
The Wimbledon Effect (Japanese: ウィンブルドン現象, rōmaji: ''Uinburudon Genshō'', literally "Wimbledon Phenomenon") is a chiefly British and Japanese analogy, which possibly originated in Japan, that compares the tennis fame of the Wimbledon Championships with the economic success of the United Kingdom's financial services industries – especially those clustered in the City of London. The point of the analogy is that a national and international institution (the annual tennis tournament at Wimbledon) can be highly successful despite the lack of strong native competition, as in modern tennis Britain has produced very few Wimbledon singles champions, with only Anne Jones, Virginia Wade and Andy Murray winning the tournament in the Open Era. Financial context London's financial industry has boomed since the deregulation of British financial markets (the "Big Bang") in the 1980s under the Thatcher government – but has also become dominated by foreign companies, e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Look Japan
was an English language magazine published from Japan. It was created to introduce Japanese culture to expatriate foreigners who were unfamiliar with the country. History and profile ''Look Japan'' was established in 1953 by Takenori Kimura (木村 武則 ''Kimura Takenori''). It was published in English, Chinese, and Spanish editions. The offices of the publisher, Look Japan Ltd, were in the Asahi Seimei Hibiya Building in Yurakucho, Chiyoda, Tokyo.About Us " ''Look Japan''. 1 February 2002. Retrieved 11 October 2011. "Look Japan Ltd Asahi Seimei Hibiya Building, 1-5-1, Yurakucho, Chiyoda-ku, Tokyo 100-0006, Japan " Jay Brushart of the '''' sai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gordon Brown
James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chancellor of the Exchequer in Tony Blair's Premiership of Tony Blair, government from 1997 to 2007, and was a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1983 to 2015, first for Dunfermline East (UK Parliament constituency), Dunfermline East and later for Kirkcaldy and Cowdenbeath (UK Parliament constituency), Kirkcaldy and Cowdenbeath. He is the most recent Labour politician as well as the most recent Scottish politician to hold the office of prime minister. A Doctor of Philosophy, doctoral graduate, Brown studied history at the University of Edinburgh, where he was elected Rector of the University of Edinburgh, Rector in 1972. He spent his early career working as both a lecturer at a further education college and a t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Analysis (radio Programme)
''Analysis'' is a BBC Radio 4 current affairs programme which has been running for more than 50 years, and is currently broadcast in a half-hour format. History It began in April 1970. The first presenter was Ian McIntyre, who later became Controller of Radio 4 from 1976–78 and of Radio 3 from 1978–87; he left the programme in 1976. Mark Laity was a senior producer from 1986–88. Caroline Thomson (Chief Operating officer of the BBC since 2007) produced during 1978–81. Content Its aim is to examine "the ideas and forces which shape public policy in Britain and abroad", and it covers various topics by means of interviews with academics and experts. It takes an investigative journalism style and applies this to more global and strategic topics, at national and international levels, looking at the big picture. Awards In 2000 ''Analysis'' won the Political Studies Association 50th Anniversary Award for Outstanding Broadcast Journalism. In the 1970s and 1980s it was regular ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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