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Paul Myners, Baron Myners
Paul Myners, Baron Myners, (1 April 1948 – 16 January 2022) was a British businessman and politician. In October 2008 he was elevated to the House of Lords as a life peer and was appointed City Minister in the Labour Government of Gordon Brown, serving until May 2010. As City Minister Myners was responsible for overseeing the financial services sector during the global financial crisis and its aftermath, including leading the controversial 2008 United Kingdom bank rescue package. Myners sat in the House of Lords as a Labour peer until 2014, resigning to become a non-affiliated member before joining the crossbench group in 2015. Myners began working in the financial sector in 1974 at N M Rothschild & Sons and was appointed to the board of directors in 1977. Subsequently, he held a number of high-profile business roles, including as chairman of Gartmore Group, Land Securities and Marks & Spencer. He also served in a number of third sector and public service posts, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Right Honourable
''The Right Honourable'' ( abbreviation: ''Rt Hon.'' or variations) is an honorific 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 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 always pronounced. Countries with common or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Truro
Truro (; kw, Truru) is a City status in the United Kingdom, cathedral city and civil parishes in England, civil parish in Cornwall, England. It is Cornwall's county town, sole city and centre for administration, leisure and retail trading. Its population was 18,766 in the 2011 census. People of Truro can be called Truronians. It grew as a trade centre through its port and as a stannary town for tin mining. It became mainland Britain's southernmost city in 1876, with the founding of the Diocese of Truro. Sights include the Royal Cornwall Museum, Truro Cathedral (completed 1910), the Hall for Cornwall and Cornwall's High Court of Justice, Courts of Justice. Toponymy Truro's name may derive from the Cornish language, Cornish ''tri-veru'' meaning "three rivers", but authorities such as the ''Oxford Dictionary of English Place Names'' have doubts about the "tru" meaning "three". An expert on Cornish place-names, Oliver Padel, in ''A Popular Dictionary of Cornish Place-names'', calle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornish People
The Cornish people or Cornish ( kw, Kernowyon, ang, Cornƿīelisċ) are an ethnic group native to, or associated with Cornwall: and a recognised national minority in the United Kingdom, which can trace its roots to the ancient Britons who inhabited southern and central Great Britain before the Roman conquest. Many in Cornwall today continue to assert a distinct identity separate from or in addition to English or British identities. Cornish identity has been adopted by migrants into Cornwall, as well as by emigrant and descendant communities from Cornwall, the latter sometimes referred to as the Cornish diaspora. Although not included as an tick-box option in the UK census, the numbers of those writing in a Cornish ethnic and national identity are officially recognised and recorded. Throughout classical antiquity, the ancient Britons formed a series of tribes, cultures and identities in Great Britain; the Dumnonii and Cornovii were the Celtic tribes who inhabited what w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low Pay Commission
The Low Pay Commission (LPC) is an independent body in the United Kingdom, established in 1997, that advises the government on the National Minimum Wage. It is an advisory non-departmental public body of the Department for Business, Energy and Industrial Strategy (BEIS). History and role The LPC was established in July 1997 on a non-statutory basis before being confirmed in legislation by the National Minimum Wage Act 1998. Each year, the LPC advises the government on what rates the different minimum wages in the UK should be, announcing its recommendation six months before it would come into force. It is then up to the government to accept or reject the LPC's recommendations. In the past, the government has usually accepted the wage levels advocated by the LPC. Structure The LPC consists of nine Low Pay Commissioners who are selected by BEIS. The Commissioners are a mixture of employers, trade unionists and academics. Chairs * 2009 to 2017 – Sir David Norgrove * 2017 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guardian Media Group
Guardian Media Group plc (GMG) is a British-based mass media company owning various media operations including ''The Guardian'' and ''The Observer''. The group is wholly owned by the Scott Trust Limited, which exists to secure the financial and editorial independence of ''The Guardian'' in perpetuity. The Group's 2018 annual report (year ending 1 April 2018) indicated that the Scott Trust Endowment Fund was valued at £1.01 billion (2017: £1.03bn). History The company was founded as the Manchester Guardian Ltd. in 1907 when C.P. Scott bought ''The Manchester Guardian'' (founded in 1821) from the estate of his cousin Edward Taylor. It became the Manchester Guardian and Evening News Ltd when it bought out the ''Manchester Evening News'' in 1924, later becoming the Guardian and Manchester Evening News Ltd to reflect the change in the morning paper's title. It adopted its current name in 1993. In 1991, it had a 20% stake in a consortium which included London Weekend Television, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tate
Tate is an institution that houses, in a network of four art galleries, the United Kingdom's national collection of British art, and international modern and contemporary art. It is not a government institution, but its main sponsor is the UK Department for Digital, Culture, Media and Sport. The name "Tate" is used also as the operating name for the corporate body, which was established by the Museums and Galleries Act 1992 as "The Board of Trustees of the Tate Gallery". The gallery was founded in 1897 as the National Gallery of British Art. When its role was changed to include the national collection of modern art as well as the national collection of British art, in 1932, it was renamed the Tate Gallery after sugar magnate Henry Tate of Tate & Lyle, who had laid the foundations for the collection. The Tate Gallery was housed in the current building occupied by Tate Britain, which is situated in Millbank, London. In 2000, the Tate Gallery transformed itself into the curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voluntary Sector
The voluntary sector, independent sector, or civic sector is the realm of social activity undertaken by organizations that are non-governmental nonprofit organizations. This sector is also called the third sector, community sector, and nonprofit sector, in contrast to the public sector and the private sector. Civic sector or social sector are other terms for the sector, emphasizing its relationship to civil society. Richard Cornuelle coined the term "independent sector" and was one of the first scholars to point out the vast impact and unique mechanisms of this sector. Given the diversity of organizations that comprise the sector, Peter Frumkin prefers "non-profit and voluntary sector". Significance to society and the economy The presence of a large non-profit sector is sometimes seen as an indicator of a healthy economy in local and national financial measurements. With a growing number of non-profit organizations focused on social services, the environment, education and other u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marks & Spencer
Marks and Spencer Group plc (commonly abbreviated to M&S and colloquially known as Marks's or Marks & Sparks) is a major British multinational retailer with headquarters in Paddington, London that specialises in selling clothing, beauty, home products and food products. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it had previously been in the FTSE 100 Index from its creation until 2019. M&S was founded in 1884 by Michael Marks and Thomas Spencer (businessman), Thomas Spencer in Leeds. M&S currently has 959 stores across the UK, including 615 that only sell food products and through its television advertising, asserts the exclusive nature and luxury of its food and beverages. It also offers an online food delivery service through a joint venture with Ocado. In 1998, the company became the first British retailer to make a pre-tax profit of over £1 billion, although it then went into a sudden slump taking the company and its stakeho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Securities
Land Securities Group plc is the largest commercial property development and investment company in the United Kingdom. The firm became a real estate investment trust (REIT) when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London, England, and traded on the London Stock Exchange, and is a constituent of the FTSE 100 Index. History The company traces its origins to 1944, when its founder Harold Samuel purchased Land Securities Investment Trust Limited, which owned three houses in Kensington and some government stock. Further acquisitions followed shortly afterwards and from 1947 the company concentrated on commercial property. In the early days some non-UK investments were acquired, but in 1971 these were sold off and the company decided to focus solely on the UK market. The company name was changed to Land Securities plc in 1982. After buying Trillium in 2000, in 2002 it formed a 50/50 joint venture company (Telereal Trillium) with Willia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gartmore Group
Gartmore Group Limited was a British-based investment management business. It was listed on the London Stock Exchange. History The Company was founded in 1969 by British & Commonwealth and acquired by Banque Indosuez in 1989.Gartmore: under new ownership Hedgefund Journal, June 2006 It was first listed on the in 1996. It was then bought by in 1996 and by |
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