The life barony awarded to Jonathan Patrick Moynihan, has been gazetted in the name, style and title of Baron Moynihan of Chelsea, of Chelsea in the Royal Borough of Kensington and Chelsea, 6 February 2024.
Jon Moynihan (born 21 June 1948), is a British businessman, & venture capitalist. He served as the CEO and executive chairman of PA Consulting Group from 1992 to 2013.Moynihan was the main fundraiser of Liz Truss's leadership campaign in the July–September 2022 Conservative Party leadership election, which led to Truss becoming prime minister in September 2022.
Moynihan was against the view that a budget could not be produced without an accompanying Office for Budget Responsibility (OBR) forecast. He said: "This whole idea that you have to get the tick of approval from the OBR, which has been consistently wrong in its financial forecasts is, in my view, anti-democratic." The bypassing of the OBR was said to be one of the causes of the failure of Truss's and Kwarteng's September 2022 mini-budget, which attempted to rip up decades of "Treasury orthodoxy". In a commentary Moynihan asserted that the prime cause of market disruption at the time was the Bank of England's bungling. Moynihan was nominated by Truss for a life peerage in her list of resignation honours.
-=-
No comments:
Post a Comment