BAYNE, Sir Nicholas Peter, KCMG
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Her Majesty's Government
• tl HER MAJESTY'S GOVERNMENT MEMBERS OF THE CABINET (FORMED BY RIGHT HON. MARGARET THATCHER, 24:P, SEPTEMBER 1981) E— CRETARY OF STATE FOR THE HOME DEPARTMENT—TheRt. HOD. William Whitelaw, CH, MC, Ise .1441u) CHANCELLOR—The Rt. Hon. The Lord Hailsham of Saint Marylebone, CH OCRETARY OF STATE FOR FOREIGN AND CommoNwEALTH AFFAnts—The Rt. Hon. The Lord Carrington, KCMG, MC OANCELLOR OF THE EXCHEQUER—The Rt. Hon. Sir Geoffrey Howe, QC, MP tiekRETARY OF STATE FOR EDUCATION AND SCIENCE—The Rt. Hon. Sir Keith Joseph, Bt, MP yitORD PRESIDENT OF THE COUNCIL AND LEADER OF THE HOUSE OFCommoNs—The Rt. HOD. Francis Pym, MC, MP RETARY OF STATE FOR NORTHERN IRELAND—TheRt. HOD. James PriOr, MP rECRETARY OF STATE FOR DEFENCE—The Rt. HOD. John Nott, MP ',MINISTER OF AGRICULTURE, FISHERIES ANDFooD—The Rt. Hon. Peter Walker, MBE, MP SECRETARY OF STATE FOR THE ENVIRONMENT—The Rt. Hon. Michael Heseltine, MP SECRETARY OF STATE FOR ScoTLAND—The Rt. Hon. George Younger, T.D. MP PCRETARY OF STATE FOR WALEs—The Rt. Hon. Nicholas Edwards, MP PRIVY SEAL—The Rt. Hon. Humphrey Atkins, MP ,ORDCRETARY OF STATE FOR INDUSTRY—The Rt. Hon. Patrick Jenkin, MP tolIrRETARY OF STATE FOR SOCIAL SERVICES—The Rt. Hon. Norman Fowler, MP oncRETARY OF STATE FOR TRADE—The Rt. Hon. John Biffen, IvfP logkRETARY OF STATE FOR ENERGY—The Rt. HOD. Nigel Lawson, MP pitCRETARY OF STATE FOR TRANSPORT—The Rt. Hon. David Howell, MP "oef-DEF SECRETARY TO THE TREASURY—TheRt. Hon. Leon Brittan, QC, MP priANCELLOR OF THE DUCHY OF LANCASTER, AND LEADER OF THE HOUSE OF LoRDs—The Rt. -
Internal British Debates in the Late 1980S on Germany's Potential
Internal British Debates in the Late 1980s on Germany’s Potential Reunification 225 Chapter 8 “Say One Thing and Think Another:” Internal British Debates in the Late 1980s on Germany’s Potential Reunification Liviu Horovitz During the 1980s, no one within the British government welcomed Germany’s probable and irresistible reunification. On this very issue, “we have to say one thing and think another,” Charles Powell, the prin- cipal foreign policy advisor to Prime Minister Margaret Thatcher, not- ed already in 1984.1 He articulated what many within the UK’s chan- celleries wrote in various memos, reports, and summaries of discussions throughout the decade. The Cold War status quo suited the United Kingdom well, but Brit- ish officials concluded it was unsustainable. Soviet power was slowly waning. Without this constraint, the Germans were bound to seek to live together. British planners believed that the Americans, slowly moving away from Europe, were going to become less invested on the continent. Hence, the most likely outcome was a less constrained Ger- man state at the center of Europe. Britain’s interests would be harmed, and London’s leverage to avert such result would be limited. A major- ity argued that novel, creative, or radical policy solutions were need- ed. And yet, as newly declassified documents attest, UK policymakers concluded that others would pull Britain’s chestnuts out of the fire. Many claimed that France would oppose German reunification. Most important, however, was the mainstream view: the Soviet Union, in spite of its worsening situation, would once again let its tanks roll into Eastern European capitals rather than see Germany unified. -
Colin Andrew CMG (Born 24 October 1946)
BDOHP Biographical Details and Interview Index MUNRO, Colin Andrew CMG (born 24 October 1946) Career (with, on right, relevant pages in interview) Assistant Principal, Board of Inland Revenue, 1968–69 p 2 Entry to Diplomatic Service, 1969 pp 2-3 FCO (South West Pacific Department), 1969-71 p 3 Third, later Second, Secretary, Bonn, 1971–73 pp 3-8 FCO (Commonwealth Co-ordination Department), 1973 pp 8-9 Second, later First, Secretary, Kuala Lumpur, 1973–77 pp 9-12 FCO (Defence Department), 1977-79 pp 13-14 FCO, Private Secretary to Minister of State, 1979–80 pp 14-21 Head of Chancery, Bucharest, 1981–82 pp 21-25 FCO (Western European Department), 1983-84, pp 25-28 Assistant Head of Department, 1985–87 Deputy Head of Mission, East Berlin, 1987–90 pp 28-37 Consul General, Frankfurt, 1990–93 pp 37-39 FCO (Head of OSCE and Council of Europe Department), pp 39-40 1993–97 Ambassador to Republic of Croatia, 1997–2000 pp 41-45 Deputy High Representative, Mostar, 2001 pp 45-48 Royal College of Defence Studies, 2002 p 48 UK Permanent Representative to OSCE, Vienna, 2003–07 pp 49-53 1 Colin (Andrew) Munro CMG interviewed by Malcolm McBain at the Reform Club, London on 8 September 2009 Education and induction to the Civil Service MM May I ask about your education? CM Yes, I went to school at George Watson’s College (GWC) in Edinburgh from the age of 5 to 17. GWC is run by the Company of Merchants of the city of Edinburgh. It was then a direct-grant school. -
Is Monetary Financing Inflationary? a Case Study of the Canadian Economy, 1935–75
Working Paper No. 848 Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935–75 by Josh Ryan-Collins* Associate Director Economy and Finance Program The New Economics Foundation October 2015 * Visiting Fellow, University of Southampton, Centre for Banking, Finance and Sustainable Development, Southampton Business School, Building 2, Southampton SO17 1TR, [email protected]; Associate Director, Economy and Finance Programme, The New Economics Foundation (NEF), 10 Salamanca Place, London SE1 7HB, [email protected]. The Levy Economics Institute Working Paper Collection presents research in progress by Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad. Levy Economics Institute P.O. Box 5000 Annandale-on-Hudson, NY 12504-5000 http://www.levyinstitute.org Copyright © Levy Economics Institute 2015 All rights reserved ISSN 1547-366X ABSTRACT Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost demand and/or relieve debt burdens. We find little empirical evidence to support the standard objection to such policies: that they will lead to uncontrollable inflation. -
Has the Canadian Public Debt Been Too High? a Quantitative Assessment
Department Discussion Paper DDP1901 ISSN 1914-2838 HAS THE CANADIAN PUBLIC DEBT BEEN TOO HIGH? A QUANTITATIVE ASSESSMENT Marco Cozzi Department of Economics, University of Victoria Victoria, B.C., Canada V8W 2Y2 April, 2019 (First Draft: March, 2019) Abstract This paper provides a quantitative analysis on whether the historically sizable public debt that the Canadian governments have accumulated might be close to its welfare maximizing level. As the public provision of liquidity to borrowing constrained individuals coupled with an increased supply of safe assets can be welfare improving, I consider a two-region model with an integrated asset market and incomplete insurance markets. The home country features a rich life-cycle setup, where the income dynamics rely on state of the art estimates obtained from previous studies using income tax returns. The main features are ex-ante labor earnings heterogeneity, both in levels and in growth rates, together with persistent and permanent shocks. When the public expenditure is assumed to be wasteful, I find that the optimal quantity of public debt for Canada is negative, meaning that the government should be a net saver. When the government, with a portion of its expenditure and consistent with the Canadian experience, finances valuable public goods, the long-run public debt is still found to be inefficiently large, but closer to the welfare maximizing level. Keywords: Public debt, Incomplete markets, Welfare. JEL Classifications : D52, E21, E62, H63. Author Contact: Marco Cozzi, Dept. of Economics, University of Victoria, P.O. Box 1700, STN CSC, Victoria, B.C., Canada V8W 2Y2; E-mail: [email protected]; Tel: (250) 721-6535 Has the Canadian Public Debt Been Too High? A Quantitative Assessment Marco Cozzi, University of Victoria April 2019 Abstract This paper provides a quantitative analysis on whether the historically sizable public debt that the Canadian governments have accumulated might be close to its welfare maximizing level. -
2003-04 Alberta Finance Annual Report
Alberta Finance 2003-2004 Annual Report Published by Alberta Finance ISBN 0-7785-3375-1 ISSN 1708-4075 Alberta Finance 2003-04 Annual Report Ministry of Finance Annual Report 2003-04 TABLE OF CONTENTS Table of Contents . i Preface . 1 Minister’s Accountability Statement . 2 Message from the Minister . 3 Management’s Responsibility for Reporting . 4 Overview . 7 Alberta Finance’s Vision, Mission, Core Businesses and Goals . 7 Relationship of Finance Department and Reporting Entities to Core Businesses . 8 Alberta Finance’s Operational Structure . 9 Office of Budget and Management . 9 Treasury Management Division . 9 Pensions, Insurance and Financial Institutions Division . 9 Highlights and Summary of Key Activities . 12 Report of the Auditor General on the Results of Applying Specified Auditing Procedures to Performance Measures . 15 Results Analysis . 17 Financial Highlights . 17 Ministry Expense by Core Business . 18 Ministry Expense by Function . 18 Goals, Performance Measures, Targets and Results Core Business: Fiscal Planning and Financial Management Goal 1 - A Financially Strong, Sustainable and Accountable Government . 19 Goal 2 - A Fair and Competitive Provincial Tax System . 22 Goal 3 - Effective Management of Financial Assets, Liabilities and Risk . 27 TABLE OF CONTENTS i Alberta Finance 2003-04 Annual Report Core Business: Regulation of Provincial Financial Institutions Goal 4 - Confidence in Provincially Regulated Financial Institutions and Insurance Companies . 29 Core Business: Pension Policy, Regulation and Administration Goal 5 - Pensions that Deliver on Promises . 31 Core Business: Financial Services Goal 6 - Financial Services Available to Albertans and Alberta Municipalities . 35 Finance Financial Statements Table of Contents . 39 Alphabetical List of Government Entities’ Financial Statements . -
Gorbachev and Thatcher
31 Gorbachev and Thatcher Witness Remarks Rodic BRAITHWAITE Thatcher played a significant but limited role in East-West relations in the last decade of the Soviet Union. She had her own vision of how East-West relations should be shaped.1 She was not prepared to accept the status quo, and she was one of the first Western politicians to give public support for liberal change in Eastern Europe. In the 1980s she played an important role in reopening up communications with the Soviet Union at a time when they were in difficulty. But the serious negotiation of change was conducted not by her, but by the American President and the German Chancellor.2 Thatcher comes to power In the late 1970s detente between the Soviet Union and the West began to unravel, and tension increased markedly. This was the dominating thought in Thatcher’s mind when she became Prime Minister in May 1979. She believed that the balance of power between East and West had been seriously altered by the Soviet military build-up and the failure of the West, and especially Britain, to match it.3 1. Sir Rodric Braithwaite is a writer and former British Ambassador in Moscow during the fall of the Soviet Union (1988-1992). His diplomatic career included posts in Jakarta, Warsaw, Moscow, Rome, Brussels (European Union) and Washington and a number of positions at the Foreign and Common- wealth Office. He was Prime Minister’s foreign policy adviser and Chairman of the Joint Intelligence Committee (1992/93), was awarded the GCMG in 1994 and knighted in 1988. -
Holders of Ministerial Office in the Conservative Governments 1979-1997
Holders of Ministerial Office in the Conservative Governments 1979-1997 Parliamentary Information List Standard Note: SN/PC/04657 Last updated: 11 March 2008 Author: Department of Information Services All efforts have been made to ensure the accuracy of this data. Nevertheless the complexity of Ministerial appointments, changes in the machinery of government and the very large number of Ministerial changes between 1979 and 1997 mean that there may be some omissions from this list. Where an individual was a Minister at the time of the May 1997 general election the end of his/her term of office has been given as 2 May. Finally, where possible the exact dates of service have been given although when this information was unavailable only the month is given. The Parliamentary Information List series covers various topics relating to Parliament; they include Bills, Committees, Constitution, Debates, Divisions, The House of Commons, Parliament and procedure. Also available: Research papers – impartial briefings on major bills and other topics of public and parliamentary concern, available as printed documents and on the Intranet and Internet. Standard notes – a selection of less formal briefings, often produced in response to frequently asked questions, are accessible via the Internet. Guides to Parliament – The House of Commons Information Office answers enquiries on the work, history and membership of the House of Commons. It also produces a range of publications about the House which are available for free in hard copy on request Education web site – a web site for children and schools with information and activities about Parliament. Any comments or corrections to the lists would be gratefully received and should be sent to: Parliamentary Information Lists Editor, Parliament & Constitution Centre, House of Commons, London SW1A OAA. -
Marking the 20Th Anniversary of the Fall of the Berlin Wall Responsible Leadership in a Globalized World
A publication of the Contributors include: President Barack Obama | James L. Jones Chuck Hagel | Horst Teltschik | Condoleezza Rice | Zbigniew Brzezinski [ Helmut Kohl | Colin Powell | Frederick Forsyth | Brent Scowcroft ] Freedom’s Challenge Marking the 20th Anniversary of the Fall of the Berlin Wall Responsible Leadership in a Globalized World The fall of the Berlin Wall on November 9, 1989, not only years, there have been differences in opinion on important led to the unifi cation of Germany, thus ending decades of issues, but the shared interests continue to predominate. division and immeasurable human suffering; it also ended It is important that, in the future, we do not forget what binds the division of Europe and changed the world. us together and that we defi ne our common interests and responsibilities. The deepening of personal relations between Today, twenty years after this event, we are in a position to young Germans and Americans in particular should be dear gauge which distance we have covered since. We are able to to our hearts. observe that in spite of continuing problems and justifi ed as well as unjustifi ed complaints, the unifi cation of Germany and For this reason the BMW Foundation accounts the Europe has been crowned with success. transatlantic relationship as a focus of its activity. The Transatlantic Forum for example is the “veteran“ of the It is being emphasized again and again, and rightly so, that it BMW Foundation’s Young Leaders Forums. The aim of was the people in the former GDR that started the peaceful these Young Leaders Forums is to establish a network, revolution. -
View Annual Report
15916 Empire_Cover 7/27/04 9:37 AM Page 1 EMPIRE COMPANY LIMITED EMPIRE ABOVE: Near Langford, British Columbia, 1939 EMILY CARR (1871 – 1945) From the collection of the Sobey Art Foundation, on display at Crombie House in Pictou County, Nova Scotia. What we value Emily Carr (1871 – 1945) of Victoria, British Columbia, her rental income she made pottery and carpets with studied at the San Francisco School of Art (1889 – 1894) west coast native designs. Carr continued to paint and and at the Westminster School of Art, London, which exhibit sporadically until 1927, when at her first Empire Company Limited 2004 Annual Report included other locations in England (1899 – 1904). exhibition in Eastern Canada, she met the members She returned to British Columbia after each period to of the Group of Seven. Lawren Harris in particular teach and to paint the Indian villages on the Pacific inspired her to develop her characteristic, monumental Coast. Carr then traveled to Europe to study briefly at style. She was also influenced by the American artist the Academie Colarossi in Paris (1910 – 1911) where Mark Tobey, who first visited her in 1928. In 1933, she aimed to discover the “new art” which today we call Carr joined Group of Seven artists in forming the post-Impressionism. She painted and traveled with several Canadian Group of Painters. artists in Sweden and in Brittany.The New Zealand artist According to Emily Carr’s biographer Maria Tippett, Frances Hodgkins provided considerable encouragement Carr’s failing health in the late 1930’s curtailed her to Carr, urging her to seek her own artistic independence. -
Economic Policy and Growth
Economic Policy and Growth Economic Policy choicesVol. 10, no. 1, March 2004 ISSN 0711-0677 www.irpp.org Tax Design for a Northern Tiger Jonathan R. Kesselman ounded in 1972, the Institute for Research on Public Policy is an independent, national, F nonprofit organization. IRPP seeks to improve public policy in Canada by generating research, providing insight and sparking debate that will contribute to the public policy decision-making process and strengthen the quality of the public policy decisions made by Canadian governments, citizens, institutions and organizations. IRPP's independence is assured by an endowment fund, to which federal and provincial governments and the private sector have contributed. Jonathan R. Kesselman is a professor in the Public Policy Program at Simon Fraser University and holds the Canada Research Chair in Public Finance. He is principal investigator of the Social Sciences and Humanities Research Council of ondé en 1972, l’Institut de recherche en Canada/Major Collaborative Research Initiatives politiques publiques (IRPP) est un organisme (SSHRC/MCRI) “Equality/Security/ Community” F canadien, indépendant et sans but lucratif. project. His research focuses on applied theory and policy analysis of taxation, income security L’IRPP cherche à améliorer les politiques publiques and social insurance. His work has been canadiennes en encourageant la recherche, en mettant recognized by the Reserve Bank of Australia’s Professorial Fellowship in Economic Policy de l’avant de nouvelles perspectives et en suscitant des (1985), the Doug Purvis Memorial Prize for débats qui contribueront au processus décisionnel en Canadian economic policy research (1998), and matière de politiques publiques et qui rehausseront la the Canadian Tax Foundation’s Douglas J. -
The Critical Mission of the European Stability and Growth Pact
Occasional Paper No. 70 The Critical Mission of the European Stability and Growth Pact Jacques de Larosiere Published by Group of Thirty© Washington, DC 2004 Contents Page Introduction 5 EU Versus US Economic Performance 9 Understanding the Widening US/EU Growth Gap 10 Implications for the Future 13 The EU Social Model Versus the US Model 15 EU Versus US Social Preferences 17 Differing Views of EU Reform 18 Conclusion 23 Group of Thirty Members 27 Group of Thirty Publications 29 I. Introduction In November 2003, the Stability and Growth Pact was shaken. France and Germany had deviated substantially from budget deficit guidelines set forth in the Pact. They were criticized, in particular by euro-skeptic commentators, some of whom had, earlier on, denounced the European budgetary rules as arbitrary and even harmful. What should we think of those reactions? Are the budgetary slip- pages observed in France and Germany serious? Are the fiscal norms contained in the Maastricht Treaty and in the Stability and Growth Pact adequate? Are the European Monetary Union (EMU) fiscal constraints an exception to generally accepted policy norms? This paper attempts to shed light on this debate in the following manner. It provides an assessment of the consequences of the European slippages in a wider perspective. It reflects on the validity of a perma- nent mechanism of pre-set budgetary rules. In this regard, it attempts to explain why such frameworks are increasingly being adopted and places EMU in the context of a worldwide trend. Finally it endeavors to evaluate the effectiveness of the present European fiscal rules: whether they are adequate or should be amended in the light of experience.