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Nigel Lawson
Nigel Lawson, Baron Lawson of Blaby, (born 11 March 1932) is a British Conservative Party 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 Chancellor of the Exchequer in June 1983, and served until his resignation in October 1989. In both Cabinet posts, Lawson was a key proponent of Thatcher's policies of privatisation of several key industries. Lawson oversaw the sudden deregulation of financial markets in 1986, commonly referred to as the 'Big Bang', which decisively strengthened London's place as a financial capital. Lawson was a backbencher from 1989 until he retired in 1992, and now sits in the House of Lords but has announced his intention to retire with effect on 31 Decembe ...
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The Right Honourable
''The Right Honourable'' (abbreviation: ''Rt Hon.'' or variations) is an honorific Style (form of address), style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire and the Commonwealth of Nations. The term is predominantly used today as a style associated with the holding of certain senior public offices in the United Kingdom, Canada, New Zealand, and to a lesser extent, Australia. ''Right'' in this context is an adverb meaning 'very' or 'fully'. Grammatically, ''The Right Honourable'' is an adjectival phrase which gives information about a person. As such, it is not considered correct to apply it in direct address, nor to use it on its own as a title in place of a name; but rather it is used in the Grammatical person, third person along with a name or noun to be modified. ''Right'' may be abbreviated to ''Rt'', and ''Honourable'' to ''Hon.'', or both. ''The'' is sometimes dropped in written abbreviated form, but is al ...
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Hampstead
Hampstead () is an area in London, which lies northwest of Charing Cross, and extends from the A5 road (Roman Watling Street) to Hampstead Heath, a large, hilly expanse of parkland. The area forms the northwest part of the London Borough of Camden, a borough in Inner London which for the purposes of the London Plan is designated as part of Central London. Hampstead is known for its intellectual, liberal, artistic, musical, and literary associations. It has some of the most expensive housing in the London area. Hampstead has more millionaires within its boundaries than any other area of the United Kingdom.Wade, David"Whatever happened to Hampstead Man?" ''The Daily Telegraph'', 8 May 2004 (retrieved 3 March 2016). History Toponymy The name comes from the Anglo-Saxon words ''ham'' and ''stede'', which means, and is a cognate of, the Modern English "homestead". To 1900 Early records of Hampstead can be found in a grant by King Ethelred the Unready to the monastery of St ...
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House Of Lords
The House of Lords, also known as the House of Peers, is the upper house of the Parliament of the United Kingdom. Membership is by appointment, heredity or official function. Like the House of Commons, it meets in the Palace of Westminster in London, England. The House of Lords scrutinises bills that have been approved by the House of Commons. It regularly reviews and amends bills from the Commons. While it is unable to prevent bills passing into law, except in certain limited circumstances, it can delay bills and force the Commons to reconsider their decisions. In this capacity, the House of Lords acts as a check on the more powerful House of Commons that is independent of the electoral process. While members of the Lords may also take on roles as government ministers, high-ranking officials such as cabinet ministers are usually drawn from the Commons. The House of Lords does not control the term of the prime minister or of the government. Only the lower house may force ...
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Backbencher
In Westminster and other parliamentary systems, a backbencher is a member of parliament (MP) or a legislator who occupies no governmental office and is not a frontbench spokesperson in the Opposition, being instead simply a member of the " rank and file". The term dates from 1855. The term derives from the fact that they sit physically behind the frontbench in the House of Commons. A backbencher may be a new parliamentary member yet to receive high office, a senior figure dropped from government, someone who for whatever reason is not chosen to sit in the government or an opposition spokesperson (such as a shadow cabinet if one exists), or someone who prefers to be a background influence, not in the spotlight. By extension, those who are not reliable supporters of all of their party's goals and policies and have resigned or been forced to resign may be relegated to the back benches. For example, in British political events, Clive Lewis became a backbencher after resign ...
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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 pro ...
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Financial Market
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), JSE Limited (JSE), Bombay Stock Exchange (BSE) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (merger, spinoff) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some bonds t ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nati ...
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Secretary Of State For Energy
A secretary, administrative professional, administrative assistant, executive assistant, administrative officer, administrative support specialist, clerk, military assistant, management assistant, office secretary, or personal assistant is a white-collar worker person whose work consists of supporting management, including executives, using a variety of project management, communication, or organizational skills within the area of administration. There is a diverse array of work experiences attainable within the administrative support field, ranging between internship, entry-level, associate, junior, mid-senior, and senior level pay bands with positions in nearly every industry. However, this role should not be confused with the role of an executive secretary, cabinet secretary such as cabinet members who hold the title of "secretary," or company secretary, all which differ from an administrative assistant. The functions of a personal assistant may be entirely carried out to ...
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House Of Commons Of The United Kingdom
The House of Commons is the lower house of the Parliament of the United Kingdom. Like the upper house, the House of Lords, it meets in the Palace of Westminster in London, England. The House of Commons is an elected body consisting of 650 members known as Members of Parliament (UK), members of Parliament (MPs). MPs are elected to represent United Kingdom constituencies, constituencies by the first-past-the-post system and hold their seats until Dissolution of the Parliament of the United Kingdom, Parliament is dissolved. The House of Commons of England started to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the Acts of Union 1707, political union with Scotland, and from 1800 it also became the House of Commons for Ireland after the Acts of Union 1800, political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and Northern Ireland after the independenc ...
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Journalist
A journalist is an individual that collects/gathers information in form of text, audio, or pictures, processes them into a news-worthy form, and disseminates it to the public. The act or process mainly done by the journalist is called journalism. Roles Journalists can be broadcast, print, advertising, and public relations personnel, and, depending on the form of journalism, the term ''journalist'' may also include various categories of individuals as per the roles they play in the process. This includes reporters, correspondents, citizen journalists, editors, editorial-writers, columnists, and visual journalists, such as photojournalists (journalists who use the medium of photography). A reporter is a type of journalist who researches, writes and reports on information in order to present using sources. This may entail conducting interviews, information-gathering and/or writing articles. Reporters may split their time between working in a newsroom, or from home, and goin ...
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Nigella Lawson
Nigella Lucy Lawson (born 6 January 1960) is an English food writer and television cook. She attended Godolphin and Latymer School, London. After graduating from the University of Oxford, where she was a member of Lady Margaret Hall, Lawson started work as a book reviewer and restaurant critic, later becoming the deputy literary editor of ''The Sunday Times'' in 1986. She then embarked upon a career as a freelance journalist, writing for a number of newspapers and magazines. In 1998 her first cookery book, ''How to Eat'', was published and sold 300,000 copies, becoming a best-seller. Her second book, ''How to Be a Domestic Goddess'', was published in 2000, winning the British Book Award for Author of the Year. In 1999 Lawson hosted her own cooking show series, ''Nigella Bites'', on Channel 4, accompanied by another best-selling cookbook. ''Nigella Bites'' won Lawson a Guild of Food Writers Award; her 2005 ITV daytime chat show ''Nigella'' met with a negative critical reaction ...
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Dominic Lawson
Dominic Ralph Campden Lawson (born 17 December 1956) is a British journalist. Background Lawson was born to a Jewish family, the elder son of Conservative politician Nigel Lawson and his first wife socialite Vanessa Salmon. Lawson was educated at Eton College (for one year, which he "absolutely hated"), completing his schooling at Westminster School and proceeding to study History at Christ Church, Oxford. Lawson had three sisters: the TV chef and writer Nigella Lawson; Horatia; and Thomasina (who died of breast cancer in 1993 in her early 30s). Their mother, an heir to the Lyons Corner House empire, died from liver cancer in 1985. Lawson's father was Chancellor of the Exchequer between 1983 and 1989. Lawson was married to Jane Whytehead from 1982 until 1991. He has been married to Rosa Monckton, a Roman Catholic, the daughter of the 2nd Viscount Monckton of Brenchley, since 1991. The Lawsons have two daughters (another daughter, Natalia, was stillborn), Domenica Marianna T ...
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