President of the Board of Trade in the context of "People's Budget"

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⭐ Core Definition: President of the Board of Trade

The president of the Board of Trade is head of the Board of Trade. A committee of the Privy Council of the United Kingdom, it was first established as a temporary committee of inquiry in the 17th century that evolved gradually into a government department with diverse functions. The current holder of the post is Peter Kyle, who is concurrently the secretary of state for business and trade.

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👉 President of the Board of Trade in the context of People's Budget

The 1909/1910 People's Budget was a proposal of the Liberal government that introduced unprecedented taxes on the lands and incomes of Britain's wealthy to fund new social welfare programmes, such as non-contributary old age pensions under Old Age Pensions Act 1908. It passed the House of Commons in 1909 but was blocked by the House of Lords for a year and became law in April 1910.

It was championed by the Chancellor of the Exchequer, David Lloyd George, and his young ally Winston Churchill, who was then President of the Board of Trade and a fellow Liberal; called the "Terrible Twins" by certain Conservative contemporaries.

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President of the Board of Trade in the context of Winston Churchill

Sir Winston Leonard Spencer Churchill (30 November 1874 – 24 January 1965) was a British statesman, military officer, and writer who was Prime Minister of the United Kingdom from 1940 to 1945 (during the Second World War) and again from 1951 to 1955. For some 62 of the years between 1900 and 1964, he was a Member of Parliament (MP) and represented a total of five constituencies over that time. Ideologically an adherent to economic liberalism and imperialism, he was for most of his career a member of the Conservative Party, which he led from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924.

Of mixed English and American parentage, Churchill was born in Oxfordshire into the wealthy, aristocratic Spencer family. He joined the British Army in 1895 and saw action in British India, the Mahdist War and the Second Boer War, gaining fame as a war correspondent and writing books about his campaigns. Elected a Conservative MP in 1900, he defected to the Liberals in 1904. In H. H. Asquith's Liberal government, Churchill was president of the Board of Trade and later Home Secretary, championing prison reform and workers' social security. As First Lord of the Admiralty before and during the First World War he oversaw the disastrous naval attack on the Dardanelles (a prelude to the Gallipoli campaign) and was demoted to Chancellor of the Duchy of Lancaster. He resigned in November 1915 and joined the Royal Scots Fusiliers on the Western Front for six months. In 1917, he returned to government under David Lloyd George and served successively as Minister of Munitions, Secretary of State for War, Secretary of State for Air, and Secretary of State for the Colonies, overseeing the Anglo-Irish Treaty and British foreign policy in the Middle East. After two years out of Parliament, he was Chancellor of the Exchequer in Stanley Baldwin's Conservative government, returning sterling in 1925 to the gold standard, depressing the UK economy.

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President of the Board of Trade in the context of Board of Trade

The Board of Trade is a British government body concerned with commerce and industry, currently within the Department for Business and Trade. Its full title is The Lords of the Committee of the Privy Council appointed for the consideration of all matters relating to Trade and Foreign Plantations, but is commonly known as the Board of Trade, and formerly known as the Lords of Trade and Plantations or Lords of Trade, and it has been a committee of the Privy Council of the United Kingdom. The board has gone through several evolutions, beginning with extensive involvement in colonial matters in the 17th century, to powerful regulatory functions in the Victorian Era and early 20th century. It was virtually dormant in the last third of the 20th century. In 2017, it was revitalised as an advisory board headed by the International Trade Secretary who has nominally held the title of President of the Board of Trade, and who at present is the only privy counsellor of the board, the other members of the present board filling roles as advisors.

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President of the Board of Trade in the context of Stanley Baldwin

Stanley Baldwin, 1st Earl Baldwin of Bewdley (3 August 1867 – 14 December 1947), was a British statesman and Conservative politician who was prominent in the political leadership of the United Kingdom between the world wars. He was prime minister on three occasions, from May 1923 to January 1924, from November 1924 to June 1929 and from June 1935 to May 1937.

Born to a prosperous family in Bewdley, Worcestershire, Baldwin was educated at Hawtreys, Harrow School and Trinity College, Cambridge. He joined the family iron- and steel-making business and entered the House of Commons in 1908 as the member for Bewdley, succeeding his father Alfred. He was Financial Secretary to the Treasury (1917–1921) and President of the Board of Trade (1921–1922) in the coalition ministry of David Lloyd George and then rose rapidly. In 1922, Baldwin was one of the prime movers in the withdrawal of Conservative support from Lloyd George; he subsequently became Chancellor of the Exchequer in Bonar Law's Conservative ministry. Upon Law's resignation for health reasons in May 1923, Baldwin became prime minister and leader of the Conservative Party. He called an election in December 1923 on the issue of tariffs and lost the Conservatives' parliamentary majority, after which Ramsay MacDonald formed a minority Labour government.

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President of the Board of Trade in the context of International Trade Secretary

The Secretary of State for International Trade, also referred to as the International Trade Secretary, was a secretary of state in the Government of the United Kingdom, with overall responsibility for the business of the Department for International Trade and UK Export Finance. The incumbent was a member of the Cabinet of the United Kingdom. During the office's lifetime, the incumbent was concurrently appointed President of the Board of Trade.

The office holder worked alongside the other International Trade ministers. The corresponding shadow minister was the shadow secretary of state for international trade. The secretary of state was also scrutinised by the International Trade Select Committee.

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President of the Board of Trade in the context of Harold Wilson

James Harold Wilson, Baron Wilson of Rievaulx (11 March 1916 – c. 23 May 1995), was a British politician who twice served as Prime Minister of the United Kingdom, from 1964 to 1970 and from 1974 to 1976. He was Leader of the Labour Party from 1963 to 1976, Leader of the Opposition twice from 1963 to 1964 and again from 1970 to 1974, and a Member of Parliament (MP) from 1945 to 1983. Wilson is the only Labour leader to have formed governments following four general elections.

Born in Huddersfield, Yorkshire, to a politically active lower middle-class family, Wilson studied philosophy, politics and economics at Jesus College, Oxford. He was later an Economic History lecturer at New College, Oxford, and a research fellow at University College, Oxford. Elected to Parliament in 1945, Wilson was appointed to the Attlee government as a Parliamentary secretary; he became Secretary for Overseas Trade in 1947, and was elevated to the Cabinet shortly thereafter as President of the Board of Trade. Following Labour's defeat at the 1955 election, Wilson joined the Shadow Cabinet as Shadow Chancellor, and was moved to the role of Shadow Foreign Secretary in 1961. When Labour leader Hugh Gaitskell died in January 1963, Wilson won the leadership election to replace him, becoming Leader of the Opposition.

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President of the Board of Trade in the context of Edward Heath

Sir Edward Richard George Heath (9 July 1916 – 17 July 2005) was a British politician who served as Prime Minister of the United Kingdom from 1970 to 1974 and Leader of the Conservative Party from 1965 to 1975. Heath also served for 51 years as a Member of Parliament from 1950 to 2001. Outside politics, Heath was a yachtsman, a musician, and an author.

Born in Broadstairs, Kent, Heath was the son of a chambermaid and carpenter. He attended Chatham House Grammar School in Ramsgate, Kent, and became a leader within student politics while studying at Balliol College at the University of Oxford. During World War II, Heath served as an officer in the Royal Artillery. He worked briefly in the Civil Service, but resigned in order to stand for Parliament, and was elected for Bexley at the 1950 election. He was promoted to become Chief Whip by Anthony Eden in 1955, and in 1959 was appointed to the Cabinet by Harold Macmillan as Minister of Labour. He later held the role of Lord Privy Seal and in 1963, was made President of the Board of Trade by Alec Douglas-Home. After the Conservatives were defeated at the 1964 election, Heath was elected as Leader of the Conservative Party in 1965, becoming Leader of the Opposition. Although he led the Conservatives to a landslide defeat at the 1966 election, he remained in the leadership, and at the 1970 election led his party to an unexpected victory.

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President of the Board of Trade in the context of Anne-Marie Trevelyan

Anne-Marie Belinda Trevelyan (nÊe Beaton; born 6 April 1969) is a British politician who served as Minister of State for Indo-Pacific under Rishi Sunak between October 2022 to July 2024. A member of the Conservative Party, she was the Member of Parliament (MP) for Berwick-upon-Tweed from 2015 until 2024, when she lost her seat in the 2024 general election to Labour. She previously served in the Cabinets of Boris Johnson and Liz Truss.

Trevelyan served in the cabinet as Secretary of State for International Development from February to September 2020, Secretary of State for International Trade and President of the Board of Trade from 2021 to 2022, and Secretary of State for Transport from September to October 2022. As well as serving in Secretary of State positions, Trevelyan has also served in the junior minister positions of Minister of State for Business, Energy and Clean Growth in 2021, Minister of State for the Armed Forces between 2019 and 2020, and Parliamentary Under-Secretary of State for Defence Procurement in 2019. At the 2025 Northumberland County Council election she contested the Druridge Bay ward against the leader of Northumberland Labour, placing third.

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President of the Board of Trade in the context of Peter Kyle

Peter John Kyle (born 9 September 1970) is a British politician who has served as Secretary of State for Business and Trade and President of the Board of Trade since September 2025. He previously served as Secretary of State for Science, Innovation and Technology from July 2024 to September 2025. A member of the Labour Party, he has been the Member of Parliament (MP) for Hove and Portslade, formerly Hove, since 2015.

Born in West Sussex, Kyle studied at Felpham Comprehensive School. He studied Geography, International Development, and Environmental Studies at the University of Sussex, and later earned a doctorate in Community Development. After university, he worked as an aid worker for Children on the Edge in Eastern Europe and the Balkans. In 2006, he became a Cabinet Office special adviser where he focused on social exclusion policy. At the 2015 general election, Kyle was elected to Parliament as MP for Hove. He was reelected in the 2017 and 2019 general elections. Kyle joined the shadow frontbench under leader Keir Starmer as Shadow Minister for Victims and Youth Justice in April 2020. He was appointed the Shadow Minister for Schools in May 2021.

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