David Noel James, Baron James of Blackheath CBE (born 7 December 1937) is a British businessman and corporate troubleshooter and Conservative life peer.
James has had a varied career in the City of London. He trained with Lloyds Bank between 1959 and 1964, joining Ford Credit's launch team in the latter year. He then became a director of many companies, often those in trouble, to assist their recovery: in 1973 he joined Cork Gulley to rescue Cedar Holdings; in 1989 he was appointed chairman of Eagle Trust; other directorships have included British Shoe Corporation, LEP group, Dan-Air, North Sea Assets and Central & Sheerwood.
During his time at Eagle Trust he triggered the Iraqi supergun affair. Whilst visiting Eagle-owned Walter Somers factory in Halesowen in 1990, he noticed the muzzle of what appeared to be a large gun. He informed MI6, giving them one of their first leads. [1] He served a term under David Rowland on the Council of Lloyd's, and chaired a committee which controversially allowed corporate capital to underwrite on more favourable terms.
In late 2000, James was appointed as chairman of the ailing Millennium Dome project, a high-profile position, and was credited with saving the attraction from financial collapse. In 2005 he attempted to make a bid for troubled carmakers MG Rover. [2]
Ahead of the 2005 general election, James conducted a review for the Conservative Party that identified £35 billion of state sector savings. The disputed figures were heavily used by then-Conservative leader Michael Howard. After the Conservatives were defeated by the incumbent Labour Party, Howard and Shadow Chancellor George Osborne appointed James to head a new Conservative watchdog to monitor the way the Blair government delivered on its promises to cut costs.
In April 2006, it was announced that James had been nominated for a life peerage by the Conservative Party [3] The news had already been revealed in a list leaked to The Times [4] that eventually led to the Cash for Peerages scandal. James himself had given a relatively small amount to the Conservatives. He was created Baron James of Blackheath, of Wildbrooks in the County of West Sussex on 9 June 2006. [5]
In November 2010, Lord James claimed in the House of Lords that he had been approached by a secretive "megarich" organisation, which James referred to only as 'Foundation X', willing to lend billions of pounds, interest-free, to the UK government. [6]
James was vocal about his concerns for the financial management of the London 2012 Olympics.
He has worked as a Consultant for Cerberus Capital Management. [7]
Lord James is married to a woman from Leeds but has no children. He has a particular interest in music and cricket. He is Chairman of the British Racing Club of horses.
James attracted some press and blog attention after a speech in the House of Lords on 1 November 2010, in which he claimed to have been approached by an unnamed organisation wishing to fund massive public works projects in the UK with vast currency reserves backed by gold bullion. [8] [9] A Labour Party staff member and political blogger who wrote about the story [10] speculated that the organisation in question was the Office of International Treasury Control, [11] possibly an organisation though unknown or unacknowledged by any government to date. However, James has stated that he had not been approached by the Office of International Treasury Control, that there were no links between Foundation X and the Office of International Treasury Control, [12] that Foundation X was a viable organisation, and that the offer was in good faith. Further, in the course of the recorded speech, James uses a comparison to the "total value of the Vatican Bank Reserves" to denounce the validity of the "total amount of bullion ever taken from the earth's crust" as given by a "12-year-old issue of National Geographic " (the single source for this figure), which had been used by Lord Strathclyde to dismiss the claim for the assets of Foundation X to be backed by bullion. In this speech Lord James of Blackheath neither identified Foundation X with the Vatican or the Vatican Bank, nor did he hint at any such connection. [13]
James attracted some press [14] [15] and blog [16] attention after another speech in the House of Lords on 16 February 2012, in which he claimed a massive $15 trillion money-laundering fraud from the United States Federal Reserve in the name of "Yohannes Riyadi"—a man who may or may not exist. James offered to provide evidence and asked for an official investigation (Hansard, transcription 16 February 2012, Column 1016, from 5:20 pm). [17] [ clarification needed ]
|
The Peerage Act 1963 is an Act of the Parliament of the United Kingdom that permitted women peeresses and all Scottish hereditary peers to sit in the House of Lords, and which allows newly inherited hereditary peerages to be disclaimed.
John Selwyn Gummer, Baron Deben, is a British Conservative Party politician, formerly the Member of Parliament (MP) for Suffolk Coastal and now a member of the House of Lords. He was Conservative Party Chairman from 1983 to 1985 and held various government posts including Secretary of State for the Environment from 1993 to 1997.
John Cradock Maples, Baron Maples was a British politician and life peer who served as Economic Secretary to the Treasury from 1989 to 1992. A member of the Conservative Party, he was Member of Parliament (MP) for Lewisham West from 1983 to 1992 and Stratford-upon-Avon from 1997 to 2010.
The House of Lords Act 1999 is an Act of the Parliament of the United Kingdom that reformed the House of Lords, one of the chambers of Parliament. The Act was given Royal Assent on 11 November 1999. For centuries, the House of Lords had included several hundred members who inherited their seats ; the Act removed such a right. However, as part of a compromise, the Act did permit ninety-two hereditary peers to remain in the House on an interim basis. Another ten were created life peers to enable them to remain in the House.
Richard John Grenville Spring, Baron Risby is a former Conservative Party politician in the United Kingdom. He served as Member of Parliament (MP) for Bury St Edmunds from 1992 to 1997, and for West Suffolk from 1997 to 2010. He joined the House of Lords in 2010 and is currently the British Trade Envoy to Algeria and Lebanon.
Robert Michael James Gascoyne-Cecil, 7th Marquess of Salisbury, Baron Gascoyne-Cecil,, is a British Conservative politician. From 1979 to 1987 he represented South Dorset in the House of Commons, and in the 1990s he was Leader of the House of Lords under his courtesy title of Viscount Cranborne. Lord Salisbury lives in one of England's largest historic houses, the 17th-century Hatfield House in Hertfordshire, and currently serves as Chancellor of the University of Hertfordshire.
In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. In modern times, life peerages, always created at the rank of baron, are created under the Life Peerages Act 1958 and entitle the holders to seats in the House of Lords, presuming they meet qualifications such as age and citizenship. The legitimate children of a life peer are entitled to style themselves with the prefix "The Honourable", although they cannot inherit the peerage itself.
The Life Peerages Act 1958 established the modern standards for the creation of life peers by the Sovereign of the United Kingdom.
Nazir Ahmed, Baron Ahmed is a former UK Labour politician of Pakistani origin.
David Arthur Russell Howell, Baron Howell of Guildford, is a British Conservative Party politician, journalist, and economic consultant. Having been successively Secretary of State for Energy and then for Transport under Margaret Thatcher, Howell has more recently been a Minister of State in the Foreign Office from the election in 2010 until the reshuffle of 2012. He has served as Chair of the House of Lords International Relations Committee since May 2016. Along with William Hague, Sir George Young and Kenneth Clarke, he is one of the few Cabinet ministers from the 1979–97 governments who continued to hold high office in the party, being its deputy leader in the House of Lords until 2010. His daughter, Frances, was married to the former Chancellor of the Exchequer, George Osborne.
James Alexander Douglas-Hamilton, Baron Selkirk of Douglas, is a Scottish Conservative Party politician who served as Member of Parliament for Edinburgh West and then as a Member of the Scottish Parliament (MSP) for the Lothians region. Since 1997 he has been a member of the House of Lords as a life peer.
Margaret of Mar, 31st Countess of Mar is a Scottish hereditary peer and politician. She was a crossbench member of the House of Lords from 1975 to 2020 and was one of 92 hereditary peers elected to remain in the Lords in 1999. She is the holder of the original earldom of Mar, the oldest peerage title in the United Kingdom. She is the only suo jure countess and was the only female hereditary peer in the House of Lords from 2014 to 2020. She is also a farmer and former specialist goats cheesemaker in Great Witley, Worcestershire.
Frederick James Erroll, 1st Baron Erroll of Hale, Baron Erroll of Kilmun, was a British Conservative politician.
"Tony's Cronies" was a term in British politics and media given to people who were viewed as being given positions of power because of their personal friendships with Prime Minister Tony Blair, during his premiership between 1997 and 2007. These included those granted life peerages and public positions based on their friendship with Blair rather than their individual merits. The phrase was created by the Conservative Party after the 1997 United Kingdom general election and was continually used in the media throughout Blair's premiership.
Malcolm Ian Sinclair, 20th Earl of Caithness,, is a Scottish Conservative politician and member of the House of Lords as one of the remaining hereditary peers. He is also 20th Lord Berriedale, 15th Baronet, of Canisbay, Co. Caithness, and chief of Clan Sinclair. He is the Chief Executive of the Clan Sinclair Trust.
John David James Dalrymple, 14th Earl of Stair is a British politician who, since 2008, has been a crossbench member of the House of Lords.
Guy Vaughan Black, Baron Black of BrentwoodFRSA was Executive Director of the Telegraph Media Group from 2005 to 2018 and since 2018 has been Deputy Chairman of the Group. He is a Conservative life peer member of the House of Lords.
Edmund Oslac Ironside, 2nd Baron Ironside was a British hereditary peer, who sat in the House of Lords from 1959 to 1999. Prior to entering the Lords, he served in the Royal Navy and worked for Marconi.
Tariq Mahmood Ahmad, Baron Ahmad of Wimbledon, is a British-Pakistani businessman and a Conservative life peer. He was appointed Minister of State for the Commonwealth and United Nations, and later for South Asia; then Central Asia, and then for North Africa, at the Foreign and Commonwealth Office on 13 June 2017.
Simone Jari Finn, Baroness Finn is a businesswoman and British Conservative politician who has been the acting, de facto Downing Street chief of staff since July 2022 and Downing Street deputy chief of staff since February 2021.