Economics
Jim O’Neill Is Taking a Job in the U.K. Government
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Jim O’Neill, the former Goldman Sachs Group Inc. economist who coined the BRIC moniker, is joining the U.K. government to lead its effort to devolve more power to cities.
O’Neill, 58, will be commercial secretary for city devolution and infrastructure for the Treasury, the government said on its website Thursday. The position will be unpaid. O’Neill was also made a member of the House of Lords, the upper chamber of Parliament.