Jeremy Corbyn Labour Party Leadership Campaign, 2015
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Jeremy Corbyn Labour Party Leadership Campaign, 2015
Jeremy Corbyn, the Member of Parliament for Islington North, stood as a candidate in the 2015 British Labour Party leadership election, in a successful campaign that made him the leader of the Labour Party. His campaign was announced in an article for the ''Islington Tribune'' on 3 June 2015. Corbyn pledged to stand on a "clear anti-austerity platform" and because he wanted to "give Labour Party members a voice" in the debate. Commentators in the media widely predicted that Corbyn would struggle to pass the threshold of 35 nominations from Labour MPs required to become a candidate. However, he managed narrowly—and at the last minute—to secure sufficient support from parliamentary colleagues, with 36 nominations in total. Around 12 of the MPs who nominated him actually supported other candidates, but "lent" him their support in order to widen the contest. Corbyn was reported to say: "We had two minutes to spare, it was easy." He was originally seen as a rank-outsider, giv ...
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2015 Labour Party Leadership Election (UK)
The 2015 Labour Party leadership election was an internal Labour Party poll which was triggered by the resignation of Ed Miliband as Leader of the Labour Party on 8 May 2015, following the party's defeat at the 2015 general election. Harriet Harman, the Deputy Leader, became Acting Leader but announced that she would stand down after the leadership election. It was won by Jeremy Corbyn in the first round. Four candidates were successfully nominated to stand in the election: Andy Burnham, Yvette Cooper, Jeremy Corbyn, and Liz Kendall. The voting process began on Friday 14 August 2015 and closed on Thursday 10 September 2015, and the results were announced on Saturday 12 September 2015. Voting was by Labour Party members and registered and affiliated supporters, using the alternative vote system. Support for Corbyn, who entered the race as a dark horse candidate, and the release of opinion polls which showed him leading the race, led to high-profile interventions by a nu ...
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Liz Kendall
Elizabeth Louise Kendall (born 11 June 1971) is a British Labour Party politician who has been Member of Parliament (MP) for Leicester West since 2010. Kendall was educated at Queens' College, Cambridge, where she read history. From 2011 to 2015, she served as Shadow Minister for Care and Older People and was invited to attend meetings of the Shadow Cabinet. Kendall stood in the Labour Party leadership election in September 2015 following the resignation of Ed Miliband. She finished in last place. In April 2020, new Labour Leader Keir Starmer appointed Kendall Junior Shadow Minister for Social Care, outside the Shadow Cabinet. Early life and career Kendall was born and raised in the village of Abbots Langley in Hertfordshire, near Watford. Her father was a senior Bank of England official, and her mother was a primary school teacher. Her father was also a local Liberal councillor and her parents involved her in local campaigns as a child. Both of her parents are now ac ...
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Joseph Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full 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 (US president's) Council of Economic Advisers. He is known for his support of 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 academic rank ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ...
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Steve Keen
Steve Keen (born 28 March 1953) is an Australian economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay. Hyman Minsky's financial instability hypothesis forms the main basis of his major contribution to economics which mainly concentrates on mathematical modelling and simulation of financial instability. He is a notable critic of the Australian property bubble, as he sees it. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014, he became a professor and Head of the School of Economics, History and Politics at K ...
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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 English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, 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. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility f ...
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David Blanchflower
David Graham Blanchflower, (born 2 March 1952), sometimes called Danny Blanchflower, is a British-American labour economist and academic. He is currently a tenured economics professor at Dartmouth College, Hanover, New Hampshire. He is also a research associate at the National Bureau of Economic Research, part-time professor at the University of Glasgow and a Bloomberg TV contributing editor. He was an external member of the Bank of England's interest rate-setting Monetary Policy Committee (MPC) from June 2006 to June 2009. British-born, Blanchflower is now both a British and an American citizen, having moved to the United States in 1989. He was appointed Commander of the Order of the British Empire (CBE) in the 2009 Birthday Honours. Education Blanchflower attended Varndean Grammar School for Boys in Brighton and Cantonian High School in Cardiff. He went on to earn a B.A. in Social Sciences (Economics) at the University of Leicester in 1973 and a Postgraduate Certificate i ...
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Richard Murphy (accountant)
Richard Murphy (born 21 March 1958) is a British chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion. He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School. Early life Richard Murphy was born in 1958 and brought up in Ipswich. His undergraduate degree was in Economics and Accountancy at the University of Southampton, and further trained at KPMG becoming a Chartered Accountant. Career For much of his early career he was an accountant in Downham Market, Norfolk. In 1985 he co-founded an accountancy firm which became Murphy Deeks Nolan. The company was sold in 2000. Murphy was also the founder of a company that became the European distributor for the game Trivial Pursuit. Murphy has since admitted that the manufacturing operation he set up in Ireland to manufacture Trivial Pursuit was there to avoid ...
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First-preference Votes
In certain ranked-voting systems, a first-preference vote (or first preference, 1st preference, or primary vote) is the individual voter's first choice amongst (possibly) many. In certain ranked systems such as Instant-Runoff Voting or Single Transferable Vote, the first-preference for candidate(s)/option(s) are initially counted, and then, if necessary, this criterion is altered to allow for proportionality, and to carry surplus and/or ineffective votes to second and subsequent options depending on the system involved. Ballots with no clear first preference ( no preference, or multiple first preferences) are generally regarded as a spoilt vote. The term is also used (trivially) in first past the post systems. First-preference votes are used by psephologists and the print and broadcast media to broadly describe the ''state of the parties'' at elections and the ''swing Swing or swinging may refer to: Apparatus * Swing (seat), a hanging seat that swings back and forth * Pen ...
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Landslide Victory
A landslide victory is an election result in which the victorious candidate or party wins by an overwhelming margin. The term became popular in the 1800s to describe a victory in which the opposition is "buried", similar to the way in which a geological landslide buries whatever is in its path. What constitutes a landslide varies by the type of electoral system. Even within an electoral system, there is no consensus on what sized margin makes for a landslide. Notable examples Argentina * 2011 Argentine general election – Cristina Fernández de Kirchner of the Front for Victory won a second term as President of Argentina in a landslide victory. She received 54.11% of votes, while no other candidate received more than 16.81%. Australia State and territory elections: * 1989 Queensland state election – Wayne Goss led the Labor Party to a historic landslide victory over the Country Party (later known as the National Party) led by Russell Cooper. The Country Party had bee ...
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Leader Of The Labour Party (UK)
The leader of the Labour Party is the highest position within the United Kingdom's Labour Party. The current holder of the position is Keir Starmer, who was elected to the position on 4 April 2020, following his victory in the party's leadership election. The post of Leader of the Labour Party was officially created in 1922. Before this, between when Labour MPs were first elected in 1906 and the general election in 1922, when substantial gains were made, the post was known as Chairman of the Parliamentary Labour Party.Thorpe, Andrew. (2001) ''A History of the British Labour Party'', Palgrave, In 1970, the positions of leader of the Labour Party and chairman of the Parliamentary Labour Party were separated. In 1921, John R. Clynes became the first leader of the Labour Party to have been born in England; all party leaders before him had been born in Scotland. In 1924, Ramsay MacDonald became the first ever Labour prime minister, leading a minority government which lasted nin ...
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