Matthew Oakeshott, Baron Oakeshott of Seagrove Bay
|The Right Honourable
The Lord Oakeshott of Seagrove Bay
|Born||10 January 1947|
|Political party||Liberal Democrats|
|Spouse(s)||Dr Philippa Poulton|
|Children||2 sons; 1 daughter|
|Alma mater||University College, Oxford|
Early life and education
Oakeshott is the son of Keith Robertson Oakeshott CMG and Eva Jill Oakeshott (née Clutterbuck).
Life and career
Oakeshott worked in the Ministry of Finance and Economic Planning of Kenya from 1968 to 1970. During 1970 to 1972, he undertook post-graduate studies at Nuffield College, University of Oxford, though without completing a graduate degree. He joined the Labour Party and served as a councillor on Oxford City Council.
He stood twice, unsuccessfully, for election to the House of Commons of the United Kingdom. As a Labour candidate he fought the Horsham and Crawley seat in 1974, and then as the SDP–Liberal Alliance candidate for the parliamentary seat of Cambridge in 1983.
From 1972 to 1976, Oakeshott was a parliamentary assistant to Labour's Roy Jenkins in opposition; a so-called "Chocolate Soldier" funded by the Joseph Rowntree Social Service Trust. When Jenkins became Home Secretary, Oakeshott worked as his special adviser. After this, Oakeshott became a director of Warburg Investment Management, a post which he held until 1981, and then investment manager of the Courtaulds pension fund until 1985. He was a founder director of OLIM in 1986 and is now chairman of OLIM Property Limited, which invests in commercial property throughout the UK for pension funds, investment trusts and charities. He is joint investment director of Value and Income Trust plc (VIN).
He was created a life peer as Baron Oakeshott of Seagrove Bay, of Seagrove Bay in the county of Isle of Wight on 1 May 2000. Lord Oakeshott was a Liberal Democrat treasury spokesman in the House of Lords from 2001 to 2011 and pensions spokesman from 2002 to 2010. He stood down by "mutual agreement" in February 2011 after his description of the Government's Project Merlin deal with the banks over lending and bonuses as being "pitiful".
Lord Oakeshott has been critical of the coalition government, especially its economic policy where he has particularly opposed the cut in the top rate of tax to 45p and the 'austerity measures' put by the Coalition Government. He has opposed key coalition legislation such as the Health and Social Care Act and elected police commissioners. He called for Jeremy Hunt to resign over his handling of BSkyB and in July 2012 referred to George Osborne as a 'work-experience chancellor' suggesting that he should resign and be replaced by Vince Cable. He has also called for Nick Clegg to resign as Leader of the Liberal Democrats, even suggesting that the Coalition may have to break apart. He supported Francois Hollande to become president of France, despite many in the coalition backing Sarkozy.
- Chapter in By-Elections in British Politics (1973)
- The London Gazette: . 5 May 2000. Retrieved 2009-04-19.
- PA "Lord Oakeshott steps down after attack on banks deal", The Guardian, 9 February 2011
- Chris Huhne: A family affair http://www.bbc.co.uk/news/uk-politics-13416203 Retrieved 26/05/2011
- International Year Book and Statesmen's Who's Who
- "DodOnline". Retrieved 2006-10-26.