Rachel Lomax

Janis Rachel Lomax (born 15 July 1945) in Swansea, Wales, is a British economist and former government official who served as Deputy Governor of the Bank of England, sitting on the Monetary Policy Committee from 1 July 2003 to 30 June 2008.

Early life

After attending Rossall Preparatory School and Cheltenham Ladies' College, Lomax graduated from Girton College, Cambridge University, with an MA in 1966, and obtained an MSc in economics from the London School of Economics in 1968.

Career

After graduating from LSE in 1968, she joined HM Treasury, where she worked on a range of macroeconomic, monetary, and financial issues. She was Principal Private Secretary to the Chancellor of the Exchequer Nigel Lawson in the mid-1980s and as his Deputy Chief Economic Adviser in the early 1990s. In 1994 she was head of the Economic and Domestic Secretariat at the Cabinet Office.

From 1995 to 1996, she was a vice president and chief of staff to the World Bank president. From 1996 to 1999, she worked at the Welsh Office, where she oversaw the setting up of the National Assembly for Wales. Afterwards, from 1999 to 2002, Lomax was permanent secretary of the Department for Work and Pensions (formerly the Department of Social Security). Then Lomax served as Permanent Secretary at the Department for Transport, having moved there with her Secretary of State Alistair Darling when prime minister Tony Blair reshuffled his cabinet following the resignation—in highly charged and controversial circumstances—of the Secretary of State for Transport Stephen Byers.

Rachel

Rachel (Hebrew: רָחֵל, Modern Rakhél, Tiberian Rāḥēl) (Arabic: راحيل‎) was the favorite of Biblical patriarch Jacob's two wives as well as the mother of Joseph and Benjamin, two of the twelve progenitors of the tribes of Israel. The name "Rachel" is from an unused root meaning: "to journey as a ewe that is a good traveller." Rachel was the daughter of Laban and the younger sister of Leah, Jacob's first wife. Rachel was a niece of Rebekah (Jacob's mother), Laban being Rebekah's brother, making Jacob her first cousin.

Marriage to Jacob

Rachel is first mentioned in the Hebrew Bible in Genesis 29 when Jacob happens upon her as she is about to water her father's flock. She was the second daughter of Laban, Rebekah’s brother. Jacob had traveled a great distance to find Laban. Rebekah had sent him there to be safe from his furious twin brother, Esau.

During Jacob's stay, Jacob fell in love with Rachel and agreed to work seven years for Laban in return for her hand in marriage. On the night of the wedding, the bride was veiled and Jacob did not notice that Leah, Rachel's older sister, had been substituted for Rachel. Whereas "Rachel was lovely in form and beautiful," "Leah had tender eyes". Later Jacob confronted Laban, who excused his own deception by insisting that the older sister should marry first. He assured Jacob that after his wedding week was finished, he could take Rachel as a wife as well, and work another seven years as payment for her. When God “saw that Leah was unloved, he opened her womb”, (Gen 29:31) and she gave birth to four sons.

Bank of England

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world, after the Sveriges Riksbank, and the world's 8th oldest bank. It was established to act as the English Government's banker and is still the banker for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until nationalised in 1946.

In 1998, it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with independence in setting monetary policy.

The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, but has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.

The Bank's Monetary Policy Committee has devolved responsibility for managing monetary policy. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances" but such orders must be endorsed by Parliament within 28 days. The Bank's Financial Policy Committee held its first meeting in June 2011 as a macro prudential regulator to oversee regulation of the UK's financial sector.

Deputy Governor

A Deputy governor is a gubernatorial official who is subordinated to a governor, rather like a Lieutenant governor.

British colonial cases

In the British empire, there were such colonial offices in :

Governor of Gilgit-Baltistan

The Governor of Gilgit-Baltistan is the appointed Head of State of the provincial government in Gilgit-Baltistan, Pakistan. The governor is designated by the Prime Minister and is normally regarded a ceremonial post. However, throughout the history of Pakistan, the powers of the provincial governors were vastly increased, every time the provincial assemblies were dissolved and the administrative role came under direct control of the governors.

The seat of governor in Gilgit-Baltistan was started on 16 September 2009.

The current Governor is Mir Ghazanfar Ali Khan, who took over on 20 November 2015.

List of Governors

Following is the list of governors after Gilgit-Baltistan was given the status of province on August 29, 2009, the federal cabinet had approved the Gilgit-Baltistan Empowerment and Self-Governance Order 2009.

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See also