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John McDonnell

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John McDonnell Life story


John McDonnell is a film producer based in Dublin, Ireland. Together with Brendan McCarthy, McDonnell runs the Oscar-winning production company Fantastic Films McDonnell is one of Ireland most experienced producers.

Physical Characteristics

John mcdonnell is a british politician who currently serves as the shadow chancellor of the exchequer.He is 5 feet 10 inches tall and wegish around 160 pounds.He has brown eyes and a slim body type.

Personal Information

John mcdonnell was bonr on 8 september 1951 in liverpool.England.He is of irish descent and holds british nationality.His zodiac sign is virgo.He is married to cynhtia pinto and has two children.Siobhan and joseph.He also has two siblnigs.Mary and patrick.

Education and Career

John mcdonnell attended st.Mary s college in crosby and later studied at the university of liverpool.Where he earned a degree in economics.He then went on to work as a research officer for the national union of public employees.In 1981.He was elected to the greater olndon council and served as its ledaer from 1984 to 1986.He was also a member of parliament for hayes and harlington from 1997 to 2015.In 2015.He was appointed shadow chancellor of the exchequer by labour leader jeremy corbyn.

Most Important Event

John mcdonnell s most important event was his appointment as shadow cahncellor of the exchequer in 2015.He was the first person to hold the position since the labour party s deefat in the 2010 general election.Since then.He has been a vocal advocate for progressive economic policies.Including the introduction of a unviersal basic income and the nationalisation of key industries.

Life Story

John mcdonnell was born in liverpool and grew up in a working-class family.He was inspired by his father.Who was a trade unionist.To pursue a career in politics.After graduating from university.He worked as a research officer for the national union of public employees.He then went on to become a mmeber of parliament for hyaes and harlington in 1997.In 2015.He was appointed shadow chancellor of the exchequer by labour leader jeremy corbyn.Since then.He has been a vocal avdocate for progressive economic policies.

Israel-Gaza: Protests against MPs cross a line, says Rachel Reeves

Israel-Gaza: Protests against MPs cross a line, says Rachel Reeves
Nov 19,2023 7:41 am

... " Former shadow chancellor John Mcdonnell said he had not seen examples of antisemitism on pro-Palestinian marches he has attended, but said he would challenge it if he did...

Keir Starmer's allies purging Labour left, says John McDonnell

Keir Starmer's allies purging Labour left, says John McDonnell
Jul 4,2023 4:41 pm

...By Nicholas WattBBC Newsnight political editorSupporters of Sir Keir Starmer are " drunk with power" and conducting a purge of the Labour left, former shadow chancellor John Mcdonnell has said...

Whistleblowing banker who went to prison speaks out

Whistleblowing banker who went to prison speaks out
Jun 17,2023 12:20 am

... Senior MPs including former Brexit secretary David Davis and former shadow chancellor John Mcdonnell have come to share that view after reading a book I have written exposing the scandal...

Labour criticised over Rishi Sunak Twitter ad

Labour criticised over Rishi Sunak Twitter ad
Apr 7,2023 4:00 am

... " Labour s former shadow chancellor John Mcdonnell urged the party to withdraw the tweet, saying: " This is not the sort of politics a Labour Party, confident of its own values and preparing to govern, should be engaged in...

Ricky Reel: Met Police to re-examine student's death

Ricky Reel: Met Police to re-examine student's death
Feb 15,2023 5:11 am

... The MP for Hayes and Harlington, John Mcdonnell, said: " This will be a test for the Met on whether there is evidence of real change in its attitude and behaviour towards the Asian community and wider society...

Labour left vow fight-back after Starmer speech

Labour left vow fight-back after Starmer speech
Oct 1,2022 11:30 am

... " In his speech, John Mcdonnell chose to focus on the past, namely the policies he put forward when he was Labour s former shadow chancellor...

Starmer accused of acting like monarch in vote row

Starmer accused of acting like monarch in vote row
Sep 30,2022 9:30 am

... John Mcdonnell is backing a proposed change to Labour s position on the UK s voting system...

Jeremy Corbyn: Tory economic plan is irresponsible

Jeremy Corbyn: Tory economic plan is irresponsible
Sep 30,2022 3:30 am

... " [Then-shadow chancellor] John Mcdonnell at the same time had said we would not borrow to cover day-to-day spending, we would only borrow for investment...

Bank of England: Andrew Bailey tipped as new governor

Nov 7,2021 3:56 am

Andrew Bailey has been appointed as the next governor of The Bank of England.

Mr Bailey, aged 60, is currently chief executive of the Financial Conduct Authority (FCA), The City watchdog.

He will become the 121st governor of The Bank of England on 16 March, Taking Over from Mark Carney , and will serve a full eight-year term.

The Search for the new governor began in April and Mr Bailey, who spent More Than 30 years at The Bank , was seen as an early favourite for The Job .

However, the FCA has faced criticism in recent months over its regulatory scrutiny of the flagship fund of one of the UK's best known money managers, Neil Woodford . The fund was suspended in June and eventually closed, with investors expected to lose large sums of money.

In addition, the FCA's report into Royal Bank of Scotland's treatment of Small Business by its controversial restructuring division was called a "whitewash" after it.

Five things The Bank of England does

Announcing the decision to appoint Mr Bailey, Chancellor Sajid Javid said he was "the stand-out candidate in a competitive field".

"He is The Right person to lead The Bank as we forge a new future outside the EU and level-up opportunity across the country," he added.

Accepting The Role , Mr Bailey said it was "a tremendous honour" to be chosen.

"The Bank has a very important Job and, as governor, I will continue The Work that Mark Carney has done to ensure that it has The Public interest at The Heart of everything it does. "

CBI chief economist Rain Newton-Smith congratulated Mr Bailey, saying: "His strong experience, both in Threadneedle Street and at the Financial Conduct Authority, means he is particularly well placed to steer The British economy through the New Course it will take after Brexit and through challenging global economic times. "

But shadow chancellor John Mcdonnell was critical of The Appointment , saying: "As an establishment figure with what some consider is a less than inspiring record at the FCA, Andrew Bailey will Need to demonstrate early that he appreciates the Need to address The Deep Structural Problems of our economy and, like Mark Carney , understands the Climate Change threat. "

Mr Carney had been due to step down on 31 January, but has now agreed to stay on until 15 March in order to provide for a smooth transition.

Mr Carney described Mr Bailey as "an extraordinary public servant".

"Andrew brings unparalleled experience, built over three decades of dedicated service across all policy areas of The Bank ," he said.

Minouche Shafik was seen as an early favourite to succeed Mark Carney

The decision means hopes that The Bank could have been led by a female governor for the First Time in its history have been dashed.

Minouche Shafik , a Former Member of The Bank of England's interest rate-setting committee,

Mr Bailey has spent almost the entirety of his career at The Bank of England, which he joined in 1985.

He has held A Number of roles including chief cashier, which meant that his signature appeared on all bank notes issued by The Bank of England.

Mr Bailey was chief cashier during the financial crisis when, "The [RBS] treasurer, John Cummins , came in and I thought he was going to have a Heart Attack . . and he looked at me and said: 'I Need £25bn Today , can you do it?'. I said: 'Yes, I can do that'. "

Mr Bailey was also a deputy governor and head of The Bank 's prudential regulation division, before joining the FCA as its chief executive in 2016.

Andrew Bailey was the early frontrunner for one of The Most powerful positions in the UK.

However, his time as head of The City watchdog, the Financial Conduct Authority, was peppered with A Number of high-profile controversies - including its handling of complaints into - which many thought might have harmed his chances for The Top Job .

He is highly thought of by colleagues and civil servants.

Former Permanent Treasury Secretary Lord McPherson described him as The Most able and competent Bank of England official he had ever worked with, adding that while Bailey would not make waves for the government he had the backbone to stand up to it.

Mr Bailey, who will be Paid £495,000 a year, is Taking Over at a fraught time for The Bank of England.

It emerged This Week that an audio feed of sensitive market information from The Bank had been leaked to fund managers.

The Bank admitted one of its suppliers had "misused" The Feed which gave traders early access to information that could potentially generate large sums of money.

The Matter has been referred to the FCA, which Mr Bailey currently leads.

The City watchdog said it was "looking at the issue".

PA reported that the Prime Minister 's official spokesman, when asked whether Brexit was a factor in Mr Bailey's appointment, said: "The way it works is the chancellor recommends candidates to the PM, the PM then advises The Queen . "

When pressed on the issue, the spokesman added: "I just went through The Process and the Prime Minister thinks he will do an excellent Job . "



uk economy, mark carney, andrew bailey, economics, bank of england

Source of news: bbc.com

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