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Peter Jay (diplomat)

Peter Jay (born 7 February 1937) is an English economist, broadcaster and former diplomat.[1]

Peter Jay
British Ambassador to the
United States
In office
1977–1979
MonarchElizabeth II
Prime MinisterJames Callaghan
Preceded byPeter Ramsbotham
Succeeded byNicholas Henderson
Personal details
Born (1937-02-07) 7 February 1937 (age 86)
London, England
Spouse(s)
(m. 1961; div. 1986)

Emma Bettina Thornton
(m. 1986)
Children7
Parents
EducationDragon School; Winchester College
Alma materChrist Church, Oxford

Personal life

Peter Jay is the son of Douglas Jay, Baron Jay, and Peggy Jay, both of whom were Labour Party politicians. He was educated at The Dragon School, Oxford (the alma mater of several senior Labour politicians, including Hugh Gaitskell), followed by Winchester College[2] (where he was Senior Commoner Prefect) and Christ Church, Oxford, where he graduated with a first-class honours degree in PPE.[2] In Trinity Term 1960, he was president of the Oxford Union.[3] He was commissioned in the Royal Navy, then worked as a civil servant at HM Treasury before becoming a journalist and, for 10 years, economics editor with The Times.

Jay married Margaret Callaghan, the daughter of Labour politician James Callaghan, in 1961. In 1977, when his father-in-law had become Prime Minister, Jay was appointed to the post of Ambassador to the United States by the Foreign Secretary, his friend David Owen. As Jay was just 40 years old, was not a diplomat and had never held any public office, this appointment caused some controversy and accusations of nepotism.[2]

In 1986, Jay married his second wife, Emma Bettina, daughter of the museum curator and writer Peter Thornton. He has seven children.[4]

Career

In the early 1970s, Jay became the principal presenter of the London Weekend Television Sunday news analysis programme Weekend World. He co-authored, with his friend John Birt, a series of articles for The Times in 1972, in which they criticised standard television journalism and developed what came to be called their "mission to explain".

As leader of a consortium of high-profile media figures, including Angela Rippon, David Frost, Michael Parkinson and Anna Ford, Jay won the franchise and became the founding chairman of TV-am, a breakfast TV station launched by the consortium. When the initial focus on news and current affairs did not yield economic success, he was fired by his friend and co-director Jonathan Aitken.[2]

Jay's career took a surprising turn when he became Chief of Staff to Robert Maxwell during Maxwell's most high-profile years. Jay's wife Margaret led Maxwell's Aids Foundation around the same time, where she met her present husband Professor Mike Adler.[citation needed]

Jay later returned to broadcast journalism; John Birt appointed him Economics Editor of the BBC, and Jay presented editions of The Money Programme.

He wrote The Road to Riches or the Wealth of Man (2000, Weidenfeld & Nicolson), presented a related BBC TV documentary series, and also co-wrote, with Michael Stewart, the speculative historical novel Apocalypse 2000: Economic Breakdown and the Suicide of Democracy (1987).

While his father was closely linked with Keynesian economics, Jay increasingly identified himself with the new "monetarian" school associated with Milton Friedman, a man with whom he was close friends.[5] Jay has also debated with Friedman and Thomas Sowell, including two episodes of Friedman's TV series Free to Choose (1980). Jay was also the moderator of the discussions in the British version of Free to Choose.[6][7] Jay was credited with helping write James Callaghan's speech at the 1976 Labour Party Conference.[8] The speech is seen as something of a turning point, with Callaghan declaring: "We used to think that you could spend your way out of a recession, and increase employment by cutting taxes and boosting Government spending. I tell you in all candour that that option no longer exists", a rejection of the previously dominant Keynesian logic and a reflection of the ascendency of Monetarism.[9] Jay used his column in The Times to advocate for neoliberal policies in Britain.

Between June 2003 and May 2009, Jay was a non-executive director of the Bank of England.[10] He was a governor of the Ditchley Foundation from 1982 until 1987,[11] and was formerly a councillor on Woodstock Town Council.

References

  1. ^ "Today's Birthdays". The Daily Telegraph. 7 February 2022.
  2. ^ a b c d "Jay talking". The Observer. London. 18 June 2000. Retrieved 11 January 2011.
  3. ^ The Papers of Peter Jay 4/2/1 - Churchill College, Cambridge.
  4. ^ Debrett's Peerage and Baronetage 1990, ed. Patrick Montague-Smith, pg 686
  5. ^ Beckett, Andy (2009). When the Lights Went Out: Britain in the Seventies. London: Faber & Faber. p. 338.
  6. ^ Milton & Rose Friedman, Two Lucky People. Memoirs, Chicago & London: The University of Chicago Press, 1998, p. 499.
  7. ^ "Free to Choose", BBC Two, 23 February 1980.
  8. ^ Meredith, Stephen (2014). Crines, Andrew (ed.). Labour Orators from Aneurin Bevan to Gordon Brown. Manchester: Manchester University Press. pp. 76–92. ISBN 9780719089800.
  9. ^ Callaghan, James. "Leader's speech, Blackpool 1976". British Political Speeches. Retrieved 21 October 2020.
  10. ^ Peter Jay. "Peter Jay: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 6 June 2014.
  11. ^ Peter Jay. "The Impact of the Japanese and German Economies on the Global Economy and the Role that the New Economic Superpowers will Play in the1990". Retrieved 6 June 2014.

External links

  • The Papers of Peter Jay at the Churchill Archives Centre
  • Interview with Noam Chomsky on Anarcho-Syndicalism
  • Debate between Jay, Milton Friedman, and Thomas Sowell
Diplomatic posts
Preceded by British Ambassador to the United States
1977–1979
Succeeded by

peter, diplomat, american, diplomat, peter, augustus, diplomat, this, biography, living, person, needs, additional, citations, verification, please, help, adding, reliable, sources, contentious, material, about, living, persons, that, unsourced, poorly, source. For the American diplomat see Peter Augustus Jay diplomat This biography of a living person needs additional citations for verification Please help by adding reliable sources Contentious material about living persons that is unsourced or poorly sourced must be removed immediately especially if potentially libelous or harmful Find sources Peter Jay diplomat news newspapers books scholar JSTOR June 2014 Learn how and when to remove this template message Peter Jay born 7 February 1937 is an English economist broadcaster and former diplomat 1 The HonourablePeter JayBritish Ambassador to the United StatesIn office 1977 1979MonarchElizabeth IIPrime MinisterJames CallaghanPreceded byPeter RamsbothamSucceeded byNicholas HendersonPersonal detailsBorn 1937 02 07 7 February 1937 age 86 London EnglandSpouse s Margaret Callaghan m 1961 div 1986 wbr Emma Bettina Thornton m 1986 wbr Children7ParentsDouglas Jay Peggy JayEducationDragon School Winchester CollegeAlma materChrist Church Oxford Contents 1 Personal life 2 Career 3 References 4 External linksPersonal life EditPeter Jay is the son of Douglas Jay Baron Jay and Peggy Jay both of whom were Labour Party politicians He was educated at The Dragon School Oxford the alma mater of several senior Labour politicians including Hugh Gaitskell followed by Winchester College 2 where he was Senior Commoner Prefect and Christ Church Oxford where he graduated with a first class honours degree in PPE 2 In Trinity Term 1960 he was president of the Oxford Union 3 He was commissioned in the Royal Navy then worked as a civil servant at HM Treasury before becoming a journalist and for 10 years economics editor with The Times Jay married Margaret Callaghan the daughter of Labour politician James Callaghan in 1961 In 1977 when his father in law had become Prime Minister Jay was appointed to the post of Ambassador to the United States by the Foreign Secretary his friend David Owen As Jay was just 40 years old was not a diplomat and had never held any public office this appointment caused some controversy and accusations of nepotism 2 In 1986 Jay married his second wife Emma Bettina daughter of the museum curator and writer Peter Thornton He has seven children 4 Career EditIn the early 1970s Jay became the principal presenter of the London Weekend Television Sunday news analysis programme Weekend World He co authored with his friend John Birt a series of articles for The Times in 1972 in which they criticised standard television journalism and developed what came to be called their mission to explain As leader of a consortium of high profile media figures including Angela Rippon David Frost Michael Parkinson and Anna Ford Jay won the franchise and became the founding chairman of TV am a breakfast TV station launched by the consortium When the initial focus on news and current affairs did not yield economic success he was fired by his friend and co director Jonathan Aitken 2 Jay s career took a surprising turn when he became Chief of Staff to Robert Maxwell during Maxwell s most high profile years Jay s wife Margaret led Maxwell s Aids Foundation around the same time where she met her present husband Professor Mike Adler citation needed Jay later returned to broadcast journalism John Birt appointed him Economics Editor of the BBC and Jay presented editions of The Money Programme He wrote The Road to Riches or the Wealth of Man 2000 Weidenfeld amp Nicolson presented a related BBC TV documentary series and also co wrote with Michael Stewart the speculative historical novel Apocalypse 2000 Economic Breakdown and the Suicide of Democracy 1987 While his father was closely linked with Keynesian economics Jay increasingly identified himself with the new monetarian school associated with Milton Friedman a man with whom he was close friends 5 Jay has also debated with Friedman and Thomas Sowell including two episodes of Friedman s TV series Free to Choose 1980 Jay was also the moderator of the discussions in the British version of Free to Choose 6 7 Jay was credited with helping write James Callaghan s speech at the 1976 Labour Party Conference 8 The speech is seen as something of a turning point with Callaghan declaring We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting Government spending I tell you in all candour that that option no longer exists a rejection of the previously dominant Keynesian logic and a reflection of the ascendency of Monetarism 9 Jay used his column in The Times to advocate for neoliberal policies in Britain Between June 2003 and May 2009 Jay was a non executive director of the Bank of England 10 He was a governor of the Ditchley Foundation from 1982 until 1987 11 and was formerly a councillor on Woodstock Town Council References Edit Today s Birthdays The Daily Telegraph 7 February 2022 a b c d Jay talking The Observer London 18 June 2000 Retrieved 11 January 2011 The Papers of Peter Jay 4 2 1 Churchill College Cambridge Debrett s Peerage and Baronetage 1990 ed Patrick Montague Smith pg 686 Beckett Andy 2009 When the Lights Went Out Britain in the Seventies London Faber amp Faber p 338 Milton amp Rose Friedman Two Lucky People Memoirs Chicago amp London The University of Chicago Press 1998 p 499 Free to Choose BBC Two 23 February 1980 Meredith Stephen 2014 Crines Andrew ed Labour Orators from Aneurin Bevan to Gordon Brown Manchester Manchester University Press pp 76 92 ISBN 9780719089800 Callaghan James Leader s speech Blackpool 1976 British Political Speeches Retrieved 21 October 2020 Peter Jay Peter Jay Executive Profile amp Biography Businessweek Investing businessweek com Retrieved 6 June 2014 Peter Jay The Impact of the Japanese and German Economies on the Global Economy and the Role that the New Economic Superpowers will Play in the1990 Retrieved 6 June 2014 External links EditThe Papers of Peter Jay at the Churchill Archives Centre Interview with Noam Chomsky on Anarcho Syndicalism Debate between Jay Milton Friedman and Thomas SowellDiplomatic postsPreceded bySir Peter Ramsbotham British Ambassador to the United States1977 1979 Succeeded bySir Nicholas Henderson Retrieved from https en wikipedia org w index php title Peter Jay diplomat amp oldid 1133014085, wikipedia, wiki, book, books, library,

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