Finance:Mais Lecture

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Short description: Lecture series at the Bayes Business School in London

The Mais Lecture has been hosted since 1978, on a mostly annual basis, by Bayes Business School (formerly Cass), part of City, University of London.[1]

The lecture is named in honour of Lord Mais, the 645th Lord Mayor of the City of London (1972–73), and Pro-Chancellor of City University (1979–84). He played a key role in establishing City University's Centre of Excellence for Banking and Finance, now the Centre for Banking Research, part of the wider Bayes Faculty of Finance.

The lecture is regarded as a leading event for the banking and finance community of the City of London, having hosted a number of prestigious speakers including successive Prime Ministers, Chancellors of the Exchequer, and Governors of the Bank of England, and notably the forum in which successive Chancellors and Shadow Chancellors have set out their economic philosophy and policies.

Notable milestones

In January 2021 Anneliese Dodds, Shadow Chancellor of the Exchequer, became the first woman to deliver the Mais Lecture.

In March 2026 Rachel Reeves, delivered an unprecedented second Mais Lecture – almost precisely two years to the day after her first – this time as Chancellor, having been Shadow Chancellor at the time of her first. In a further family connection, her husband, Nicholas Joicey, was speechwriter for Gordon Brown when the Chancellor delivered his Mais Lecture in 1999.[2]

Eight of the 15 Chancellors since its inception have delivered a Mais Lecture, including all three Labour Chancellors.[3]

While three Prime Ministers of the United Kingdom have delivered the Mais Lecture, Tony Blair is the only one who was neither Chancellor nor Shadow Chancellor when he did so.[4]

Mark Carney delivered his Mais Lecture in 2014, while he was Governor of the Bank of England, he subsequently became Prime Minister of Canada in 2025.[5]

List of Mais Lectures

Lecture Date Delivered by Title
First 9 Feb 1978 Gordon Richardson Reflections on the Conduct of Monetary Policy[6]
Second Nov 1979 Lionel Robbins Objectives of Monetary Policy: Past and Present
Third May 1981 Geoffrey Howe The Fight Against Inflation
Fourth Mar 1983 Friedrich Hayek Science and Ethics
Fifth 18 Jun 1984 Nigel Lawson The British Experiment[7][8][9]
Sixth May 1986 Roy Jenkins The International Finance Scene: Can Sense be Plucked Out of Danger
Seventh May 1987 Robin Leigh-Pemberton The Instruments of Monetary Policy
Eighth May 1988 Michel Camdessus The IMF in a Changing World
Ninth May 1989 Samuel Brittan A Restatement of Economic Liberalism
Tenth May 1990 Gordon Pepper Monetary Policy: A Post-Mortem and Proposal
Eleventh May 1992 Erik Hoffmeyer (da) Economic and Monetary Union: The Case for Central Bank Independence
Twelfth Jun 1993 Peter Lilley Benefits and Costs: Securing and Future of Social Security
Thirteenth May 1994 Kenneth Clarke The Changing World of Work in the 1990s
Fourteenth 22 May 1995 Tony Blair The Economic Framework for New Labour[10][9]
Fifteenth Oct 1996 Michael Heseltine Achieving Competitiveness in a Global Economy
Sixteenth 24 Jun 1997 Edward George Monetary Policy in Britain and Europe[11][12]
Seventeenth May 1998 Hans Tietmeyer Financial and Monetary Integration: Benefits, Opportunities, and Pitfalls
Eighteenth 19 Oct 1999 Gordon Brown The Conditions for Full Employment[13]
Nineteenth May 2000 Jonathan Sacks Markets, Governments, and Virtues
Twentieth May 2001 Valery Giscard d'Estaing The New European Debate: The Euro-zone and the Greater Europe
Twenty-first Apr 2003 Ernst Welteke Reflections on European Monetary Policy[14]
Twenty-second 12 May 2004 Otmar Issing The Euro: the First Five Years[15]
Twenty-third 17 May 2005 Mervyn King Monetary Policy: Practice Ahead of Theory[16][17][18]
Twenty-fourth 29 Oct 2008 Alistair Darling Chancellor Reveals His Plans to Maintain Economic Stability[19][20][21][22]
Twenty-fifth 13 May 2009 Axel A. Weber Reflections on the Financial Crisis[23]
Twenty-sixth 24 Feb 2010 George Osborne A New Economic Model[24][25][26][27][28][29][30]
Twenty-seventh 13 Jul 2011 Paul Volcker The World of Finance and the National Interest[31][32][33]
Twenty-eighth 8 May 2012 Patrick Honohan The Experience of Financial Integration – Ireland, Britain, Europe[34][35][36]
Twenty-ninth 18 Mar 2014 Mark Carney One Mission. One Bank. Promoting the Good of the People of the United Kingdom.[37][38][39]
Thirtieth 7 Oct 2015 Olivier Blanchard Rethinking Macro (Stabilisation) Policy[40][41][42]
Thirty-first 12 Jun 2017 Brian Griffiths Restoring Trust in the Banking System[43][44][45][46][47][48]
Thirty-second 29 Oct 2018 José Manuel Barroso The European Union and the Changing International Landscape[49][50]
Thirty-third 13 Jan 2021 Anneliese Dodds The challenges of the post-Covid, post-Brexit UK economy – a response [delivered virtually][51][52][53][54]
Thirty-fourth 24 Feb 2022 Rishi Sunak A new culture of enterprise[55][56][57]
Thirty-fifth 5 Jun 2023 Odile Renaud-Basso How to green the global economy[58][59][60]
Thirty-sixth 19 Mar 2024 Rachel Reeves Economic Growth in an Age of Insecurity[61][62][63][64][65]
Thirty-seventh 27 Mar 2025 Isabel Schnabel Financial literacy and monetary policy transmission[66][67][68][69]
Thirty-eighth 17 Mar 2025 Rachel Reeves The Active and Strategic State[70][71]

See also

References

  1. ↑ "Mais Lecture Series | Bayes Business School" (in en). 2022-05-06. https://www.bayes.city.ac.uk/faculties-and-research/centres/cbr/seminars-and-events/mais-lecture-series. 
  2. ↑ "Nicholas Joicey - Newzire" (in en-US). 2026-01-30. https://newzire.co.uk/nicholas-joicey/. 
  3. ↑ "Mais Lecture Series | Bayes Business School" (in en). 2026-02-24. https://www.bayes.citystgeorges.ac.uk/faculties-and-research/centres/cbr/seminars-and-events/mais-lecture-series. 
  4. ↑ "Mais well talk about the economy" (in en-GB). 2024-03-19. https://www.politico.eu/newsletter/london-playbook/mais-well-talk-about-the-economy/. 
  5. ↑ "Mark Carney's Liberal Party wins Canadian election" (in en-GB). 2025-04-29. https://www.bbc.co.uk/newsround/articles/cz01jzpvypjo. 
  6. ↑ "Reflections on the conduct of monetary policy - the first Mais lecture". http://www.bankofengland.co.uk/quarterly-bulletin/1978/q1/reflections-on-the-conduct-of-monetary-policy---the-first-mais-lecture. 
  7. ↑ "Economic policy: The British Experiment (The Mais Lecture) | Margaret Thatcher Foundation". https://www.margaretthatcher.org/document/109504. 
  8. ↑ "The Mais lecture: ten years on | LSE Digital Library". https://digital.library.lse.ac.uk/Documents/Detail/the-mais-lecture-ten-years-on/592080. 
  9. ↑ 9.0 9.1 Skidelsky, Robert. "Bring back Keynes". https://www.prospectmagazine.co.uk/magazine/bringbackkeynes. 
  10. ↑ "Blair shadows Tories with inflation pledge". May 23, 1995. http://www.independent.co.uk/news/uk/politics/blair-shadows-tories-with-inflation-pledge-1620695.html. 
  11. ↑ "The Sixteenth Mais Lecture - speech by Edward George". http://www.bankofengland.co.uk/speech/1997/edward-george-the-sixteenth-mais-lecture. 
  12. ↑ "Info". www.bankofengland.co.uk. 1997. https://www.bankofengland.co.uk/-/media/boe/files/speech/1997/edward-george-the-sixteenth-mais-lecture. Retrieved 2020-01-05. 
  13. ↑ HM Treasury, e-Comms Team (June 12, 2001). "Delivering economic stability, speech by Ed Balls, Chief Economic Adviser to the Treasury". http://www.hm-treasury.gov.uk/press_65_01.htm. 
  14. ↑ "Policy Makers on Policy | the Mais Lectures | Taylor & Francis Group". https://www.taylorfrancis.com/books/e/9780203164372. 
  15. ↑ "The ECB and the euro - the first five years". https://www.ecb.europa.eu/press/key/date/2004/html/sp040512_1.en.html. 
  16. ↑ "Info". www.bankofengland.co.uk. 2005. https://www.bankofengland.co.uk/-/media/boe/files/speech/2005/monetary-policy-practice-ahead-of-theory. Retrieved 2020-01-05. 
  17. ↑ "Listing". www.bis.org. https://www.bis.org/review/r050520a.pdf. Retrieved 2020-01-05. 
  18. ↑ "Practice ahead of theory | The Actuary, the official magazine of the Institute and Faculty of Actuaries". https://www.theactuary.com/archive/old-articles/part-5/practice-ahead-of-theory/. 
  19. ↑ Cohen, Norma (2008-10-29). "Darling calls end to fiscal rules". https://www.ft.com/content/0da97ff8-a5fb-11dd-9d26-000077b07658. 
  20. ↑ "Darling: tax may rise in downturn". October 30, 2008. http://www.independent.co.uk/news/uk/politics/darling-tax-may-rise-in-downturn-978540.html. 
  21. ↑ "Alistair Darling: New approach needed for public finances to combat downturn". October 29, 2008. https://www.theguardian.com/politics/2008/oct/29/economy. 
  22. ↑ "Darling: UK must be determined". http://www.politics.co.uk/news/2008/10/29/darling-uk-must-be-determined. 
  23. ↑ "Listing". www.bis.org. https://www.bis.org/review/r090518a.pdf. Retrieved 2020-01-05. 
  24. ↑ BBC Parliament - Briefings (2010-02-27). "George Osborne". https://www.bbc.co.uk/programmes/b00rhh4p. 
  25. ↑ Conservative Party Speeches (2010-02-24). "George Osborne: Mais Lecture - A New Economic Model ::Conservative Party Speeches". http://conservative-speeches.sayit.mysociety.org/speech/601526. 
  26. ↑ Reece, Damian (February 24, 2010). "Osborne leaves no room for doubt as to Tories' intentions to tackle deficit". https://www.telegraph.co.uk/finance/financialcrisis/7310710/Osborne-leaves-no-room-for-doubt-as-to-Tories-intentions-to-tackle-deficit.html. 
  27. ↑ "Osborne promises honesty on cuts". February 25, 2010. http://news.bbc.co.uk/2/hi/uk_news/politics/8533724.stm. 
  28. ↑ "Have economists witnessed the birth of 'Osbornism'?". https://www.channel4.com/news/by/faisal-islam/blogs/have-economists-witnessed-the-birth-of-osbornism. 
  29. ↑ Watt, Nicholas; Mulholland, Hélène (February 25, 2010). "UK must cut fiscal deficit now, warns George Osborne". https://www.theguardian.com/politics/2010/feb/25/osborne-uk-must-cut-fiscal-deficit. 
  30. ↑ "At last, the Tories get organised". March 12, 2010. https://blogs.spectator.co.uk/2010/03/at-last-the-tories-get-organised/. 
  31. ↑ Armitstead, Louise (July 14, 2011). "Volcker: Vickers has 'missed' big bank problem". https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8638627/Volcker-Vickers-has-missed-big-bank-problem.html. 
  32. ↑ "haslamedia". http://www.haslamedia.com/blog/the-wisdom-of-ages-%e2%80%93-octogenarian-paul-volcker-has-lost-none-of-his-edge. 
  33. ↑ Skinner, Chris M. (July 15, 2011). "Volcker versus Vickers, Round One". https://thefinanser.com/2011/07/paul-volcker.html/. 
  34. ↑ "Governor Honohan presents Mais lecture at Cass Business School, London | Central Bank of Ireland". http://www.centralbank.ie/news/article/governor-honohan-presents-mais-lecture-at-cass-business-school-london. 
  35. ↑ "Listing". www.bis.org. https://www.bis.org/review/r120509g.pdf. Retrieved 2020-01-05. 
  36. ↑ Hennessy, Mark. "EFSF should have funded banks, says Honohan". The Irish Times. https://www.irishtimes.com/business/economy/ireland/efsf-should-have-funded-banks-says-honohan-1.517412. 
  37. ↑ "One mission". www.bankofengland.co.uk. 2014. https://www.bankofengland.co.uk/-/media/boe/files/speech/2014/one-mission-one-bank-promoting-the-good-of-the-people-of-the-uk. Retrieved 2020-01-05. 
  38. ↑ Peston, Robert (March 18, 2014). "All change at the Bank of England". https://www.bbc.com/news/business-26628996. 
  39. ↑ "The rich are different". March 19, 2014. https://www.economist.com/buttonwoods-notebook/2014/03/19/the-rich-are-different. 
  40. ↑ "Olivier Blanchard at Cass Mais Lecture 2015: Rethinking Macro (Stabilisation) Policy". https://www.youtube.com/watch?v=s-8iZQC900k. 
  41. ↑ "Ex-IMF Chief Economist backs Macron's economic policy: an interview with Olivier Blanchard". October 20, 2015. http://politique.com/the-ex-imf-chief-economist-an-exclusive-interview-with-olivier-blanchard-7254.htm. 
  42. ↑ "Olivier Blanchard at Cass Mais Lecture 2015". https://www.youtube.com/watch?v=uO67mvkAWK8. 
  43. ↑ "Restoring Trust in the Banking System | Cass Business School". https://www.cass.city.ac.uk/news-and-events/news/2017/june/restoring-trust-in-the-banking-system. 
  44. ↑ "Programme". theceme.org. 2017. http://theceme.org/wp-content/uploads/2017/05/The-Mais-Lecture-2017-FV11-for-Cass-Business-School.pdf. Retrieved 2020-01-05. 
  45. ↑ "Lord Griffiths at Cass: Restoring Trust in the Banking System, Mais Lecture 2017". https://www.youtube.com/watch?v=OaH87351YLA. 
  46. ↑ "Restoring Trust in the Banking System, Lord Griffiths - Mais Lecture 2017 - Highlights". https://www.youtube.com/watch?v=IGDNRcvxOwE. 
  47. ↑ "Lord Griffiths: Restoring Trust in the Banking System". May 26, 2017. http://theceme.org/lord-griffiths-restoring-trust-banking-system/. 
  48. ↑ "Speech". www.bankofengland.co.uk. 2017. https://www.bankofengland.co.uk/-/media/boe/files/speech/2017/martin-taylor-speech-at-the-institute-of-international-monetary-research. Retrieved 2020-01-05. 
  49. ↑ "Mais Lecture 2018". https://www.city.ac.uk/events/2018/october/mais-lecture-2018. 
  50. ↑ "Jose Manuel Barroso: Mais Lecture, Cass Business School – Fortis Consulting London". http://fortisconsultinglondon.co.uk/latest/jose-manuel-barroso-mais-lecture-cass-business-school/. 
  51. ↑ Giles, Chris (2021-01-21). "Labour signals end of Corbyn era in setting out economic vision". https://www.ft.com/content/5b231553-c881-46cc-b89e-c0823deec3b3. 
  52. ↑ Boscia, Stefan (2021-01-13). "Labour's Anneliese Dodds to call for 'responsible fiscal framework' in major speech" (in en). https://www.cityam.com/labours-anneliese-dodds-to-call-for-responsible-fiscal-framework-in-major-speech/. 
  53. ↑ "Anneliese Dodds - Mais lecture to the Business School at City University London". 2021-01-13. https://labour.org.uk/press/anneliese-dodds-mais-lecture-to-the-business-school-at-city-university-london/. 
  54. ↑ (in en) Annelises Dodds | Mais Lecture 2021, https://www.youtube.com/watch?v=Ghbqi6mF6gU, retrieved 2022-02-20 
  55. ↑ HM Treasury (2022-02-24). "Chancellor Rishi Sunak's Mais Lecture 2022" (in en). https://www.gov.uk/government/speeches/chancellor-rishi-sunaks-mais-lecture-2022. 
  56. ↑ Elliott, Larry (2022-02-20). "We know little about the real Rishi Sunak … but that may change this week" (in en). https://www.theguardian.com/business/2022/feb/20/we-know-little-about-real-rishi-sunak-but-that-may-change-this-week-mais-lecture. 
  57. ↑ Shipman, Tim (2020-02-12). "Can Rishi Sunak's high-wire act land him the top job?" (in en). The Sunday Times. ISSN 0140-0460. https://www.thetimes.com/article/can-rishi-sunaks-high-wire-act-land-him-the-top-job-vd9ht0jfp. 
  58. ↑ Renaud-Basso, Odile (5 June 2023). "How to green the global economy". https://www.ebrd.com/news/speeches/how-to-green-the-global-economy.html. 
  59. ↑ Blakey, Douglas (5 June 2023). "Dramatic changes needed to rules governing economic markets: Odile Renaud-Basso". Retail Banker International. https://www.retailbankerinternational.com/news/dramatic-changes-needed-to-rules-governing-markets-says-odile-renaud-basso-ebrd-president/. 
  60. ↑ "Mais Lecture 2023: How to green the global economy" (in en). https://www.city.ac.uk/news-and-events/events/2023/june/mais-lecture-2023. 
  61. ↑ "Rt. Hon. Rachel Reeves MP delivers the 2024 Mais Lecture at Bayes Business School | City, University of London" (in en-GB). 2024-03-22. https://www.city.ac.uk/news-and-events/news/2024/march/rachel-reeves-mp-delivers-the-2024-mais-lecture-at-bayes-business-school. 
  62. ↑ "Rachel Reeves Mais Lecture 2024" (in en-GB). 2024-03-19. https://labour.org.uk/updates/press-releases/rachel-reeves-mais-lecture/. 
  63. ↑ Riley-Smith, Ben (2024-03-18). "Britain faces 1979 moment, says Rachel Reeves" (in en-GB). The Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/politics/2024/03/18/britain-faces-1979-moment-says-rachel-reeves/. 
  64. ↑ "Rachel Reeves: New chapter ahead, shadow chancellor promises business" (in en-GB). BBC News. 2024-03-19. https://www.bbc.com/news/business-68602668. 
  65. ↑ "Rachel Reeves to call for ‘stability’ as she outlines economic vision for UK". https://www.ft.com/content/ddd8658c-3eda-4544-ba14-d909ec225dc4. 
  66. ↑ Schnabel, Isabel (27 March 2025). "Financial literacy and monetary policy transmission". https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250327~4f9c298d91.en.html. 
  67. ↑ Schnabel, Isabel (1 April 2025). "Financial literacy and monetary policy transmission". https://www.bis.org/review/r250401c.htm. 
  68. ↑ Giles, Chris (2025-04-01). "The unmistakable whiff of stagflation on the eve of tariff day". Financial Times. https://www.ft.com/content/341accd0-e8bd-4273-ad3e-8c7ee048a6de. 
  69. ↑ Bayes Events Team (19 February 2025). "Mais Lecture 2025: Financial literacy and monetary policy transmission" (in en-GB). https://www.citystgeorges.ac.uk/news-and-events/events/2025/march/mais-lecture-2025-financial-literacy-and-monetary-policy-transmission. 
  70. ↑ "Mais Lecture 2026" (in en). 2026-03-17. https://www.gov.uk/government/speeches/mais-lecture-2026. 
  71. ↑ hmtreasuryuk (2026-03-17). Chancellor's Mais lecture 2026. Retrieved 2026-03-24 – via YouTube.

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