||This biographical article needs additional citations for verification. (June 2014)|
|British Ambassador to the
|Prime Minister||James Callaghan|
|Preceded by||Peter Ramsbotham|
|Succeeded by||Nicholas Henderson|
7 February 1937 |
London, United Kingdom
|Spouse(s)||Margaret Jay (div. 1986)|
|Alma mater||Christ Church, Oxford|
The Honourable Peter Jay (born 7 February 1937) is a British economist, broadcaster and diplomat.
Peter Jay is the son of Douglas 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 (where he was head boy) and Christ Church, Oxford, where he graduated with a first class honours degree in PPE. 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.
In 1961 Jay married Margaret Callaghan, the daughter of Labour politician James Callaghan. In 1977, when his father-in-law had become Prime Minister, Jay was appointed to the important 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, the appointment caused some controversy and accusations of nepotism.
In the early 1970s, Jay was the principal presenter of the London Weekend Television Sunday news analysis programme Weekend World. In 1972, Jay co-authored, with his friend John Birt, a series of articles for The Times where 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, he 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.
Peter Jay's career took a surprising turn when he became Chief of Staff to Robert Maxwell during his most high-profile and controversial years. Margaret Jay led Maxwell's Aids Foundation around the same time, where she met her present husband professor Mike Adler.
Peter Jay returned to highbrow journalism and became Economics Editor of the BBC, specially appointed by John Birt, and presented editions of The Money Programme. His appearances on screen with explanations of major economic and business issues showed his intellectual grasp but could sometimes baffle his peak-time news audience.
Jay wrote The Road to Riches or the Wealth of Man (2000, Weidenfeld & Nicolson) and presented a related BBC TV documentary series.
Jay is a supporter of Keynesian economics. He has debated with economists Milton Friedman and Thomas Sowell, notably in two episodes of Friedmans 1980 TV show Free to Choose. He was also the moderator of the discussions in the British version of Free to Choose.
- "Jay talking". The Observer. 18 June 2000. Retrieved 11 January 2011.
- Milton & Rose Friedman, Two Lucky People. Memoirs, Chicago & London: The University of Chicago Press, 1998, p. 499;L Borders, Max (2011-01-25) Who is Francis Fox Piven?, Washington Examiner
- Peter Jay. "Peter Jay: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2014-06-06.
- Interview with Noam Chomsky on Anarcho-Syndicalism
- Debate between Jay, Milton Friedman, and Thomas Sowell
Sir Peter Ramsbotham
|British Ambassador to the United States
Sir Nicholas Henderson