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Philip Snowden: The First Labour Chancellor of the Exchequer

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Edward Hugh John Neale Dalton, Baron Dalton, PC (16 August 1887 – 13 February 1962) was a British Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. [1] He shaped Labour Party foreign policy in the 1930s, opposing pacifism; promoting rearmament against the German threat; and strongly opposed the appeasement policy of Prime Minister Neville Chamberlain in 1938. Dalton served in Winston Churchill's wartime coalition cabinet; after the Dunkirk evacuation he was Minister of Economic Warfare, and established the Special Operations Executive. As Chancellor, he pushed his policy of cheap money too hard, and mishandled the sterling crisis of 1947. His political position was already in jeopardy in 1947 when he, seemingly inadvertently, revealed a sentence of the budget to a reporter minutes before delivering his budget speech. Prime Minister Clement Attlee accepted his resignation; Dalton later returned to the cabinet in relatively minor positions.

Wasn’t it irresponsible to make the promise before costing it? Again, the mantra. “Well, obviously, the financial circumstances have changed quite a lot since Keir became leader and things that might have been possible are just not possible now.” Does that mean when you are challenging for the leadership you can promise the world with no intention of delivering? “Well, I’m not sure I’d put it exactly like that, but certainly it’s a different process. Nobody in a leadership contest is asking you to write a manifesto.” But many Labour members regarded Starmer’s 10 pledges “based on the moral case for socialism” as exactly that. That is why they voted for him. Smetana, Vít (2008). In the Shadow of Munich British Policy Towards Czechslovakia from the Endorsement to the Renunciation of the Munich Agreement (1938-1942). Prague: Charles University Press. ISBN 9788024613734. One part of the chancellor's key roles involves the framing of the annual year budget. As of 2017, the first is the Autumn Budget, also known as Budget Day which forecasts government spending in the next financial year and also announces new financial measures. The second is a Spring Statement, also known as a "mini-Budget". Britain's tax year has retained the old Julian end of year: 24 March (Old Style) / 5 April (New Style, i.e. Gregorian). From 1993, the Budget was in spring, preceded by an annual autumn statement. This was then called Pre-Budget Report. The Autumn Statement usually took place in November or December. The 1997, 2001, 2002, 2003, 2006, 2007, 2008, 2012 and 2016 budgets were all delivered on a Wednesday, summarised in a speech to the House of Commons.

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What is the Budget Box? Why is it red?". Birmingham Mail. 27 October 2021 . Retrieved 4 February 2022. Why does she think he is antisemitic? “Look, I’m not on the bodies that make these decisions, but I think it’s right we have a zero-tolerance approach,” she repeats. The son of a senior officer in the Royal Navy, Hunt was born in Kennington and studied philosophy, politics and economics at Magdalen College, Oxford, where he was President of the Oxford University Conservative Association. He was first elected to the House of Commons in 2005 and was promoted to the Shadow Cabinet as Shadow Minister for Disabled People and later as Shadow Secretary of State for Culture, Media and Sport. Hunt served in the coalition government as Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012, where he led the drive for local TV, resulting in Ofcom awarding local TV broadcasting licences in respect of several cities and towns. Hunt also oversaw the 2012 London Olympics, which received widespread acclaim. His previous business interests mean that he is one of the UK's richest politicians. [1] [2] [3] [4] Healey was elected to the House of Commons as MP for Leeds South East at a by-election in February 1952, [23] with a majority of 7,000 votes. Following constituency boundary changes, he was elected for Leeds East at the 1955 general election, holding that seat until he retired as an MP in 1992. In December 2015, an undercover Daily Telegraph investigation showed that in some cases locum agencies, Medicare and Team24 owned by Capita were charging some hospitals higher fees than others and giving false company details. The agencies were charging up to 49% of the fee. Hunt criticised those who sought "big profits" at the expense of the NHS and taxpayers and promised to "reduce the margins rip-off agencies are able to generate." [89]

Dalton's papers, including his diaries, are held at the LSE Library. His diaries have been digitised and are available on LSE's Digital Library. [26] Awards [ edit ] As Culture Secretary, Hunt devised and championed a plan to give Britain the fastest broadband speeds in Europe. There was initial scepticism about his plans with concerns they could lead to BT regaining its monopoly. [35] He also spearheaded the drive for local TV and as a result of this policy Ofcom awarded local television licences to Belfast, Birmingham, Brighton & Hove, Bristol, Cardiff, Edinburgh, Glasgow, Grimsby, Leeds, Liverpool, London, Manchester, Newcastle, Norwich, Nottingham, Oxford, Plymouth, Preston, Sheffield, Southampton, and Swansea. [36] In terms of culture policy, his main focus was to boost philanthropy given the spending cuts that the arts along with other sectors was experiencing. Changes were made to inheritance tax – including measures to encourage private gifts to the arts. [37] Ms Reeves was Chair of the Commons Business Select Committee between 2017 and 2020. Before being elected as a Labour MP for Leeds West, Reeves spent her professional career as an economist working for the Bank of England, the British Embassy in Washington and at Halifax Bank of Scotland. After the unexpected Labour victory in the 1945 general election Dalton wished to become Foreign Secretary, but the job was instead given to Ernest Bevin. Dalton, with his skills in economics, became Chancellor of the Exchequer. Alongside Bevin, Clement Attlee, Herbert Morrison and Stafford Cripps, Dalton was one of the "Big Five" of the Labour government. [11] What Now for Britain?” The State Department’s Intelligence Assessment of the “Special Relationship,” 7 February 1968 by Jonathan Colman.Jeremy Hunt has been the incumbent chancellor since 14 October 2022, being appointed by Liz Truss and retained in the role by Rishi Sunak. Mr. Hunt served as health secretary from 2012 to 2016. During the pandemic, he was chair of a parliamentary health committee, using the platform to scrutinize and at times challenge government health policy. There have been suggestions that he was homosexual, but they are rejected by his major biographer Ben Pimlott, who states "no evidence exists that Dalton ever had a sexual relationship with another man, and his private life seems to have been one of blameless monogamy." [6] However he does refer to Dalton having "homosexual tendencies", mentioned below.

Denis Healey playing the piano at Huddersfield Town Hall", Science and Society, National Museum of Science and Industry, May 1987 , retrieved 28 April 2009

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Political Profiles Issue Briefs Members of Parliament Guides Shadow Chancellor Who is the current Shadow Chancellor? Denis Winston Healey was born in Mottingham, Kent, but moved with his family to Keighley in the West Riding of Yorkshire at the age of five. [7] His parents were Winifred Mary (née Powell; 1889–1988) and William Healey (1886–1977). His middle name honoured Winston Churchill. [8]

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