Prime Minister of the United Kingdom century as a convention of the constitution, the position of Leader of the Opposition was given statutory recognition in 1937 by the Ministers of the Crown Act. British Prime Ministers have never been elected directly by the public. A Prime Minister need not be a party leader; David Lloyd George was not a party leader during his service as prime Minister during World War I, and neither was Ramsay MacDonald from 1931 to 1935. Prime Ministers have taken office because they were members of either the Commons or Lords, and either inherited a majority in the Commons or won more
Lloyds Banking Group late 2008 and early 2009happened. This position was confirmed by Archie Kane, a senior Lloyds executive in Scotland, in evidence to the Scottish parliament's economy committee in December 2009. On 13 February 2009, Lloyds Banking Group said that the losses at HBOS were greater than had been anticipated, at around £10 billion. The share price of Lloyds Banking Group fell 32% on the London Stock Exchange, carrying other bank shares with it. On 13 October 2008, Prime Minister Gordon Brown announced a government plan for the Treasury to invest £37 billion (, ) of new capital into major UK banksincluding