![]() The next month he criticised the government of Japan for managing its exchange rates to promote exports, particularly of cars, which meant that there had never been fair competition. He said that the European Monetary System needed central supervision but should not concentrate on keeping currency exchange rates within narrow bands and instead make it difficult for member states to export unemployment to each other. In November 1980 he made a speech on behalf of the European Democratic Group in which he urged that member states not adopt economic policies which were in competition with each other. Hopper specialised in economic policy at the European Parliament. The constituency had had a Labour majority at the 1979 general election but Hopper succeeded in scoring a surprise victory by 302 votes, which made it the narrowest win in the country. ![]() He asked rhetorically whether "liberal democracy dead in the land of its birth?" For the 1979 European Parliament election, Hopper was chosen as the Conservative Party candidate for Greater Manchester West, a constituency which included Bolton, Salford and Altrincham. In August 1977 he wrote to The Times to criticise Chancellor of the Exchequer Denis Healey for threatening retaliation against companies who broke Government incomes policy Hopper considered that doing so was arbitrary and amounted to an abandonment of the rule of law. Hopper became increasingly involved in politics in the late 1970s. He was awarded the 'Deal of the Year' by Institutional Investor magazine in 1976 for his handling of a bond issue for the European Investment Bank. In 1975, Hopper left Hill Samuel to become a director of Morgan Grenfell. While at Hill Samuel, he became involved in examining the possibility of the Common Market developing a Common Capital Market which might include the United Kingdom he knew this would transform the operation of the London capital markets. The Institute also had undeclared objectives of improving procedures for changing taxation, and making taxation more rational. Over dinner in July 1968 the friends decided that what was needed was a non-partisan Institute which would research such proposals and report on them to the political world and the wider public the Institute for Fiscal Studies was formally launched on with Hopper as founder chairman. Hopper had discussed with three friends, all of whom were professional finance employees, the way in which Capital Gains Tax had been introduced in 1965, which all concerned thought had been disastrous. Warburg & Co Ltd, and three years after that he was made a Director of Hill Samuel. ![]() After six years he became general manager of S. After three years, he returned to Britain to be London office manager of H Hentz & Co, who were members of the New York Stock Exchange. Grace and Company in New York City to work as a financial analyst. He served in the Royal Air Force with the rank of Pilot Officer in the education branch from 1953 to 1955. He went to the University of Glasgow to read modern languages, and graduated with a 1st Class Master of Arts degree in 1953. Hopper was brought up in Glasgow where he attended Langside Elementary School followed by Queen's Park Secondary School. Hopper enjoyed a brief political career as a Member of the European Parliament (MEP) for the Conservative Party. ![]() He was one of the founders of the Institute for Fiscal Studies, a non-partisan research institute which offers comment on the economic impact of political proposals. William Joseph Hopper, sometimes known as Will Hopper (born 9 August 1929), is a British investment banker who also became involved in the political field. For other uses, see William Hopper (disambiguation). This article is about the British banker and politician. ![]()
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