The National Economic Advisory Council was set up by second Labour government of United Kingdom Prime Minister Ramsay MacDonald.
The second MacDonald ministry was formed by Ramsay MacDonald on his reappointment as Prime Minister of the United Kingdom by King George V on 5 June 1929. It was only the second occasion on which the Labour Party had formed a government; the first MacDonald ministry held office in 1924.
The Prime Minister of the United Kingdom is the head of government of the United Kingdom. The Prime Minister directs both the executive and the legislature, and together with their Cabinet are collectively accountable for their policies and actions to the Monarch, to Parliament, to their political party and ultimately to the electorate. The office of Prime Minister is one of the Great Offices of State. The current holder of the office, Theresa May, leader of the Conservative Party, was appointed by the Queen on 13 July 2016.
James Ramsay MacDonald was a British statesman who served twice as Prime Minister of the United Kingdom, firstly for nine months in 1924 and then again between 1929 and 1935. He was the first Labour Party politician to become Prime Minister, leading minority Labour governments in 1924 and in 1929–31. He headed a National Government from 1931 to 1935, dominated by the Conservative Party and supported by only a few Labour members. MacDonald was later vehemently denounced by and expelled from the party he had helped to found.
The Prime Minister chaired the Council which included several cabinet ministers, businessmen, the trade unionist Ernest Bevin, the economic historian R. H. Tawney and several economists G. D. H. Cole, Hugh Dalton, Maynard Keynes, A. C. Pigou, Colin Clark and Lionel Robbins. [1]
A minister is a politician who heads a government department, making and implementing decisions on policies in conjunction with the other ministers. In some jurisdictions the head of government is also a minister and is designated the "prime minister", "premier", "chief minister", "Chancellor" or other title.
A trade union, also called a labour union or labor union (US), is an association of workers in a particular trade, industry, or company created for the purpose of securing improvement in pay, benefits, working conditions or social and political status through collective bargaining and working conditions through the increased bargaining power wielded by creation of a monopoly of the workers. The trade union, through its leadership, bargains with the employer on behalf of union members and negotiates labour contracts with employers. The most common purpose of these associations or unions is "maintaining or improving the conditions of their employment". This may include the negotiation of wages, work rules, complaint procedures, rules governing hiring, firing and promotion of workers, benefits, workplace safety and policies.
Ernest Bevin was a British statesman, trade union leader, and Labour politician. He co-founded and served as general secretary of the powerful Transport and General Workers' Union in the years 1922–40, and as Minister of Labour in the war-time coalition government. He succeeded in maximizing the British labour supply, for both the armed services and domestic industrial production, with a minimum of strikes and disruption. His most important role came as Foreign Secretary in the post-war Labour government, 1945–51. He gained American financial support, strongly opposed Communism, and aided in the creation of NATO. Bevin's tenure also saw the end of the Mandate of Palestine and the creation of the State of Israel. His biographer, Alan Bullock, said that Bevin "stands as the last of the line of foreign secretaries in the tradition created by Castlereagh, Canning and Palmerston in the first half of the 19th century", and that due to the reduction in British power he has no successors.
