Life Peerages Act 1958 Life Peerages Act 1958 The Life Peerages Act 1958 established the modern standards for the creation of life peers by the monarch of the United Kingdom. This Act was made during the Conservative governments of 1957–1964, when Harold Macmillan was Prime Minister. Elizabeth II had ascended to the throne just over five years before the Act. The Conservatives tried to introduce life peerages to modernise the House of Lords, give it more legitimacy, and respond to a decline in its numbers and attendance. The Labour Party opposed the Life Peerages Bill on Second Reading: Hugh Gaitskell made an impassioned speech
Malaysian economic policy under Prime Minister Najib Malaysian economic policy under Prime Minister Najib Malaysian economic policy under Prime Minister Najib marks a significant shift away from the state-oriented economic programmes of past governments. On 2 May 2009, Prime Minister Najib Tun Razak announced the government's plan to develop a new economic model that will speed Malaysia's transition to a high income country. The plan will emphasise ways to increase the income and productivity of workers by encouraging knowledge industries and increasing investment from overseas. The goal of the NEM, according to Najib, is to "transform the Malaysian economy to become one with high incomes and quality