Ruth Jane Lea, Baroness Lea of Lymm, (born 22 September 1947) is a British parliamentarian and pro-Brexit political economist. Lady Lea entered HM Civil Service, before being recruited by the

Institute of Directors The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and incor ...

, a private-sector employer lobbyist, as well as working for policy research bodies and the media. She has been

Arbuthnot Banking Group Arbuthnot Latham & Co is a private bank, private and merchant bank based near Moorgate in the City of London. It has the status of one of the 12 accepting houses. History Arbuthnot Latham was founded on 13 May 1833 by Alfred Latham and John A. Arb ...

’s Economic Adviser since 2007 and served as an Independent Non-Executive Director from 2005 until 2016.

Biography

Early life and education

Born in

Cheshire Cheshire ( ) is a ceremonial and historic county in North West England, bordered by Wales to the west, Merseyside and Greater Manchester to the north, Derbyshire to the east, and Staffordshire and Shropshire to the south. Cheshire's county t ...

to a farming family, Lea attended

Lymm Grammar School Lymm is a village and civil parish in the Borough of Warrington, Cheshire, England, which incorporates the hamlets of Booths Hill, Broomedge, Church Green, Deansgreen, Heatley, Heatley Heath, Little Heatley, Oughtrington, Reddish, Rushgreen and ...

before going up to the

University of York , mottoeng = On the threshold of wisdom , established = , type = Public research university , endowment = £8.0 million , budget = £403.6 million , chancellor = Heather Melville , vice_chancellor = Charlie Jeffery , students ...

( BA) then pursuing postgraduate studies at the

University of Bristol , mottoeng = earningpromotes one's innate power (from Horace, ''Ode 4.4'') , established = 1595 – Merchant Venturers School1876 – University College, Bristol1909 – received royal charter , type ...

( MSc). She also studied at the

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

in 1973. Lea served almost 16 years in the

British Civil Service His Majesty's Home Civil Service, also known as His Majesty's Civil Service, the Home Civil Service, or colloquially as the Civil Service is the permanent bureaucracy or secretariat of Crown employees that supports His Majesty's Government, which ...

, working in

HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ec ...

, the Department of Trade and Industry, the Central Statistical Office and at the Civil Service College, before becoming a

Lecturer Lecturer is an List of academic ranks, academic rank within many universities, though the meaning of the term varies somewhat from country to country. It generally denotes an academic expert who is hired to teach on a full- or part-time basis. T ...

at Thames Polytechnic (now

Greenwich University , mottoeng = "To learn, to do, to achieve" , former_name = Woolwich Polytechnic(1890–1970)Thames Polytechnic(1970–1992) , established = , type = Public university , budget = £214.9 million (2020) , administrative_staff = , chancel ...

Career

In 1988, she joined

Mitsubishi Bank was a major Japanese bank that served as the main bank for the Mitsubishi conglomerate/''keiretsu''. It merged with The Bank of Tokyo in 1996 to form The Bank of Tokyo-Mitsubishi (now MUFG Bank). The bank's operations date to 1880, when Mitsubish ...

in the

City A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be def ...

rising to

Chief Economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...

and became a regular

television Television, sometimes shortened to TV, is a telecommunication medium for transmitting moving images and sound. The term can refer to a television set, or the medium of television transmission. Television is a mass medium for advertisin ...

and

radio commentator Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 30 hertz (Hz) and 300 gigahertz (GHz). They are generated by an electronic device called a transmit ...

on economic matters. She was UK Economist at

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Gol ...

for one year until 1995, before her appointment as

ITN Independent Television News (ITN) is a UK-based television production company. It is made up of two divisions: Broadcast News and ITN Productions. ITN is based in London, with bureaux and offices in Beijing, Brussels, Jerusalem, Johannesburg, N ...

's Economics Editor, and subsequently

Head A head is the part of an organism which usually includes the ears, brain, forehead, cheeks, chin, eyes, nose, and mouth, each of which aid in various sensory functions such as sight, hearing, smell, and taste. Some very simple animals may ...

of the Policy Unit at the

, a post she held from 1995–2003. Lea was

Director Director may refer to: Literature * ''Director'' (magazine), a British magazine * ''The Director'' (novel), a 1971 novel by Henry Denker * ''The Director'' (play), a 2000 play by Nancy Hasty Music * Director (band), an Irish rock band * ''Di ...

of the

Centre for Policy Studies The Centre for Policy Studies (CPS) is a think tank and pressure group in the United Kingdom. Its goal is to promote coherent and practical policies based on its founding principles of: free markets, "small state," low tax, national independe ...

from 2004 to 2007 and of Global Vision from 2007 to 2010. Lea is a prolific writer on economic and business issues. A vocal critic of

New Labour New Labour was a period in the history of the British Labour Party from the mid to late 1990s until 2010 under the leadership of Tony Blair and Gordon Brown. The name dates from a conference slogan first used by the party in 1994, later seen ...

’s economic policies, arguing that “ big state”

profligacy A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond his or her means. "Spendthrift" derives from an obsolete sense of the word "thrift" ...

undermined both UK public finances and economic competitiveness. Deeply concerned about

Britain Britain most often refers to: * The United Kingdom, a sovereign state in Europe comprising the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands * Great Britain, the largest island in the United King ...

’s high cost and fragile energy policies, she has consistently argued they damage business competitiveness and suggests Britain’s trust in

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to E ...

policies is unlikely to have much impact on global

carbon dioxide emission Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and larg ...

s given that

the UK The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

accounts for only 1½% of the global

total Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comp ...

. A robust and consistent opponent of UK membership of the

Euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...

grounds, Lea advocates a reformed relationship between the EU and Britain, proposing, as necessary, renegotiated EU membership terms similar to a

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri * Swiss, North Carolina *Swiss, West Virginia * Swiss, Wisconsin Other uses *Swiss-system tournament, in various games and sports *Swiss Internation ...

-style

agreement Agreement may refer to: Agreements between people and organizations * Gentlemen's agreement, not enforceable by law * Trade agreement, between countries * Consensus, a decision-making process * Contract, enforceable in a court of law ** Meeting o ...

with Europe; ''qv.''

European Free Trade Association The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four List of sovereign states and dependent territories in Europe, European states: Iceland, Liechtenstein, Norway and Switzerlan ...

. Having served on the

Council A council is a group of people who come together to consult, deliberate, or make decisions. A council may function as a legislature, especially at a town, city or county/shire level, but most legislative bodies at the state/provincial or natio ...

s of

London University The University of London (UoL; abbreviated as Lond or more rarely Londin in post-nominals) is a federal public research university located in London, England, United Kingdom. The university was established by royal charter in 1836 as a degree- ...

and the

Royal Economic Society The Royal Economic Society (RES) is a professional association that promotes the study of economic science in academia, government service, banking, industry, and public affairs. Originally established in 1890 as the British Economic Association, ...

, the

National Consumer Council National may refer to: Common uses * Nation or country ** Nationality – a ''national'' is a person who is subject to a nation, regardless of whether the person has full rights as a citizen Places in the United States * National, Maryland, ce ...

, the Nurses' Pay Review Body, the

Office for National Statistics The Office for National Statistics (ONS; cy, Swyddfa Ystadegau Gwladol) is the executive office of the UK Statistics Authority, a non-ministerial department which reports directly to the UK Parliament. Overview The ONS is responsible for th ...

Advisory Committee An advisory board is a body that provides non-binding strategic advice to the management of a corporation, organization, or foundation. The informal nature of an advisory board gives greater flexibility in structure and management compared to th ...

, the Economic and Social Research Priorities Board, the Retail Prices Advisory Committee and the

Institute of Economic Affairs The Institute of Economic Affairs (IEA) is a right-wing pressure group and think tank registered as a UK charity Associated with the New Right, the IEA describes itself as an "educational research institute", and says that it seeks to "further t ...

Shadow Monetary Policy Committee, she has served as a judge for several national achievement awards, and as a

Governor A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...

of the

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

. Lea is currently Economic Adviser to the

and was a

non-executive director A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the ...

2005–16.

Honours and awards

Fellow A fellow is a concept whose exact meaning depends on context. In learned or professional societies, it refers to a privileged member who is specially elected in recognition of their work and achievements. Within the context of higher education ...

of the

Royal Society of Arts The Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA), also known as the Royal Society of Arts, is a London-based organisation committed to finding practical solutions to social challenges. The RSA acronym is used m ...

and of the

Royal Statistical Society The Royal Statistical Society (RSS) is an established statistical society. It has three main roles: a British learned society for statistics, a professional body for statisticians and a charity which promotes statistics for the public good. ...

, she has been admitted a

Freeman of the City of London The Freedom of the City of London started around 1237 as the status of a 'free man' or 'citizen', protected by the charter of the City of London and not under the jurisdiction of a feudal lord. In the Middle Ages, this developed into a freedom or ...

and elected an Honorary Liveryman of the

Curriers' Company The Worshipful Company of Curriers is one of the ancient livery companies of London, associated with the leather trade. The curriers, or "curers of leather", of London formed an organisation in 1272; this merchant guild was recognised in 1415 ...

. Lea was appointed a

Commander of the Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...

(CBE) in the 2015 New Year Honours List for "services to the financial and economic sectors". She has been awarded

honorary doctorate An honorary degree is an academic degree for which a university (or other degree-awarding institution) has waived all of the usual requirements. It is also known by the Latin phrases ''honoris causa'' ("for the sake of the honour") or ''ad hon ...

s by the

University of Greenwich The University of Greenwich is a public university located in London and Kent, United Kingdom. Previous names include Woolwich Polytechnic and Thames Polytechnic. The university's main campus is at the Old Royal Naval College, which along with it ...

, BPP University College and the

University of Chester , mottoeng = "He that teacheth, on teaching" , former_names = , established = (gained university status in 2005) , type = Public , endowment = £395,000 (2018) , budget = £118.3 million , chancellor = Gyles Brandreth , vice_chancello ...

( Hon DBA). It was announced on 14 October 2022, that as part of Boris Johnson's 2022 Political Honours, Lea would receive a

life peerage In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. In modern times, life peerages, always created at the rank of baron, are created under the Life Peerages Ac ...

. On 31 October 2022, she was created Baroness Lea of Lymm, ''of Lymm in the Borough of Warrington in the County of Cheshire'' taking her seat in the

House of Lords The House of Lords, also known as the House of Peers, is the Bicameralism, upper house of the Parliament of the United Kingdom. Membership is by Life peer, appointment, Hereditary peer, heredity or Lords Spiritual, official function. Like the ...

on 1 November 2022.

Views on climate change

Lady Lea is a critic of the control of

greenhouse gases A greenhouse gas (GHG or GhG) is a gas that absorbs and emits radiant energy within the thermal infrared range, causing the greenhouse effect. The primary greenhouse gases in Earth's atmosphere are water vapor (), carbon dioxide (), methane ...

, claiming that "the climate system is far too complex for modest reductions in one of the thousands of factors involved in climate change (''ie.''

carbon emissions Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and larg ...

) to have a predictable effect in magnitude, or even direction".Ruth Lea (31 October 2006). "Just another excuse for higher taxes". London: ''

Daily Telegraph Daily or The Daily may refer to: Journalism * Daily newspaper, newspaper issued on five to seven day of most weeks * ''The Daily'' (podcast), a podcast by ''The New York Times'' * ''The Daily'' (News Corporation), a defunct US-based iPad new ...

'' Lea argues against the ability of individual nation states doing much (other than contributing to inflationary tendencies) to combat climate change without concerted global efforts.

References

{{DEFAULTSORT:Lea, Ruth 1947 births Living people People from Cheshire British economists Alumni of the University of Bristol Alumni of the University of York Alumni of the London School of Economics British women economists ITN newsreaders and journalists British journalists British civil servants English women in business Academics of the University of Greenwich Commanders of the Order of the British Empire Conservative Party (UK) life peers Life peeresses created by Charles III

Biography

Early life and education

Career

Honours and awards

Views on climate change

See also

References