Philip Snowden: The First Labour Chancellor of the Exchequer

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Healey's notably bushy eyebrows and piercing wit earned him a favourable reputation with the public. When the media were not present, his humour was equally caustic but more risqué. The popular impressionist Mike Yarwood coined the catchphrase "Silly Billy", and incorporated it into his shows as a supposed "Healey-ism". Healey had never said it until that point, but he adopted it and used it frequently. Healey's direct speech made enemies. "At a meeting of the PLP I accused Ian Mikardo of being 'out of his tiny Chinese mind' – a phrase of the comedienne Hermione Gingold, with which I thought everyone was familiar. On the contrary, when it leaked to the press, the Chinese Embassy took it as an insult to the People's Republic." [56] The controversy may have contributed to a poor performance when he fought for the Labour leadership following Harold Wilson's resignation. [ citation needed] Healey received early education at Bradford Grammar School. In 1936 he won an exhibition scholarship to Balliol College, Oxford, to read Greats. He there became involved in Labour politics, although he was not active in the Oxford Union Society. Also while at Oxford, Healey joined the Communist Party in 1937 during the Great Purge, [9] but left in 1940 after the Fall of France. 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.

Rachel Reeves in the Joseph Cheaney & Sons shoe factory in Desborough, Northamptonshire. Photograph: Christopher Thomond/The Guardian The Treasury faced urgent problems. Half of the wartime economy had been devoted to mobilizing soldiers, warplanes, bombs and munitions; an urgent transition to a peacetime budget was necessary, while minimizing inflation. Financial aid through Lend Lease from the United States was abruptly and unexpectedly terminated in September 1945, and new loans from the United States and Canada were essential to keep living conditions tolerable. In the long run, Labour was committed to nationalization of industry and national planning of the economy, to more taxation of the rich and less of the poor, and to expanding the welfare state and creating free medical services for everyone. [7] Dalton in 1962 At Oxford, Healey met future Prime Minister Edward Heath (then known as "Teddy"), whom he succeeded as president of Balliol College Junior Common Room, and who became a lifelong friend and political rival. Dalton offered a theoretical proposition of a positive functional relationship between income and economic welfare, stating that economic welfare increases at an exponentially decreasing rate with increased income, leading to the conclusion that maximum social welfare is achievable only when all incomes are equal. [29] Arms [ edit ] Coat of arms of Hugh Dalton She is also one of the most recognisable and effective shadow cabinet voices, someone who is highly regarded and respected by the left of the party without ever truly being of it.

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Following the death of Alan Campbell, Baron Campbell of Alloway, in June 2013, Healey became the oldest sitting member of the House of Lords. [55] Following the death of John Freeman on 20 December 2014, Healey became the surviving former MP with the earliest date of first election, and the second-oldest surviving former MP, after Ronald Atkins. Adam Boulton: Sky's political editor on the channel's relaunch". The Independent. London. 24 April 2006. 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. Dell, Edmund. The Chancellors: A History of the Chancellors of the Exchequer, 1945–90 (HarperCollins, 1997) 619pp; 17 chapters covering the terms of each chancellor.

Did he teach her the importance of not falling out with the party leader? “Well, that’s a fair point. You probably see Keir and I are very close. We get on very well. I don’t want to be prime minister; I want to be chancellor of the exchequer. That probably helps.” She would never want the job? “I’d never say I’d never do it, because that would be foolish.” Since 1718, all chancellors of the Exchequer, except at times the lord chief justice as interim holders, have been members of the House of Commons with Lord Stanhope being the last chancellor from the House of Lords.Jeremy Richard Streynsham Hunt (born 1 November 1966) is a British politician serving as Chancellor of the Exchequer since 2022. He previously served in the Cabinet as Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012, Secretary of State for Health and Social Care from 2012 to 2018 [a] and Foreign Secretary from 2018 to 2019. A member of the Conservative Party, he has been Member of Parliament (MP) for South West Surrey since 2005.