Alistair Darling/Timelines: Difference between revisions
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==1997 to 2007== | |||
* 1978 - 82: Solicitor | |||
* 1978 - 82 Solicitor | |||
* 1984: Admitted to Faculty of Advocates | * 1984: Admitted to Faculty of Advocates | ||
* 1982 - 87 Councillor, Lothian Regional Council | * 1982 - 87: Councillor, Lothian Regional Council | ||
* 1987: Elected as MP for Edinburgh Central | |||
* 1987: Elected as MP for Edinburgh Central | |||
* 1988: Opposition spokesman for Home Affairs | * 1988: Opposition spokesman for Home Affairs | ||
* 1992: Opposition spokesman for Treasury Economic Affairs and the City | * 1992: Opposition spokesman for Treasury Economic Affairs and the City | ||
* 1996: Shadow Chief Secretary to the Treasury | * 1996: Shadow Chief Secretary to the Treasury | ||
* 1997: Chief Secretary to the Treasury | * 1997: Chief Secretary to the Treasury | ||
* 1998: Secretary of State for Social Security | * 1998: Secretary of State for Social Security | ||
* 2001: Secretary of State for Work and Pensions | * 2001: Secretary of State for Work and Pensions | ||
* May 2002: Secretary of State for Transport | * May 2002: Secretary of State for Transport | ||
* June 2003: Secretary of State for Scotland | * June 2003: Secretary of State for Scotland | ||
* May 2006: Secretary of State for Trade and Industry | * May 2006: Secretary of State for Trade and Industry | ||
* June 2007: Chancellor of the Exchequer | * June 2007: Chancellor of the Exchequer | ||
===2007 to 2010== | |||
* February 2008: The ''Northern Rock'' bank is "nationalised'' [http://news.bbc.co.uk/1/hi/business/7249575.stm] | |||
* April 2008: Bank of England announces its ''Special Liquidity Scheme'' to allow banks to swap some of their [[Liquidity|illiquid]] assets for liquid Treasury [[Bills]] for up to three years [http://www.bankofengland.co.uk/markets/sls/sls-information.pdf]. | |||
* October 2008: A £20 billion [[fiscal stimulus]] including a temporary reduction in [[Taxation#Taxes on consumption|value added tax]] (amounting to about 1 per cent of GDP)[http://webarchive.nationalarchives.gov.uk/20100407010852/http://www.hm-treasury.gov.uk/prebud_pbr08_index.htm]; and suspends the [[Fiscal policy/Addendum#The UK's Code for Fiscal Stability|code for fiscal stability]]. | |||
* January 2009: The [[Bank of England]] is to set up a Treasury-financed ''Asset Purchase Facility'' to buy high-quality assets for the purpose of [[quantitative easing]] operations [http://www.bankofengland.co.uk/markets/apf/]. | |||
* February 2010: The ''Fiscal Responsibility Act''<ref>[http://www.opsi.gov.uk/acts/acts2010/en/ukpgaen_20100003_en.pdf Fiscal Responsibility Act, Stationery Office, February 2010]</ref> - imposes a duty on the Treasury to ensure that by the financial year ending 2014 public sector net borrowing as a percentage of GDP is at least halved from its level for the financial year ending 2010, and to make continuing reductions thereafter. |
Revision as of 04:02, 30 October 2010
1997 to 2007
- 1978 - 82: Solicitor
- 1984: Admitted to Faculty of Advocates
- 1982 - 87: Councillor, Lothian Regional Council
- 1987: Elected as MP for Edinburgh Central
- 1988: Opposition spokesman for Home Affairs
- 1992: Opposition spokesman for Treasury Economic Affairs and the City
- 1996: Shadow Chief Secretary to the Treasury
- 1997: Chief Secretary to the Treasury
- 1998: Secretary of State for Social Security
- 2001: Secretary of State for Work and Pensions
- May 2002: Secretary of State for Transport
- June 2003: Secretary of State for Scotland
- May 2006: Secretary of State for Trade and Industry
- June 2007: Chancellor of the Exchequer
=2007 to 2010
- February 2008: The Northern Rock bank is "nationalised [1]
- April 2008: Bank of England announces its Special Liquidity Scheme to allow banks to swap some of their illiquid assets for liquid Treasury Bills for up to three years [2].
- October 2008: A £20 billion fiscal stimulus including a temporary reduction in value added tax (amounting to about 1 per cent of GDP)[3]; and suspends the code for fiscal stability.
- January 2009: The Bank of England is to set up a Treasury-financed Asset Purchase Facility to buy high-quality assets for the purpose of quantitative easing operations [4].
- February 2010: The Fiscal Responsibility Act[1] - imposes a duty on the Treasury to ensure that by the financial year ending 2014 public sector net borrowing as a percentage of GDP is at least halved from its level for the financial year ending 2010, and to make continuing reductions thereafter.