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1996 United Kingdom Budget
The 1996 United Kingdom budget (officially titled ''A budget for lasting prosperity'') was delivered by Kenneth Clarke, the Chancellor of the Exchequer, to the House of Commons on 26 November 1996. It was Clarke's fourth budget, the last to be delivered during his tenure as chancellor, and the last budget to be presented by the Conservative government of John Major before the party was defeated by Labour in the 1997 general election. Prior to Clarke's budget statement being presented to the House of Commons, its contents were leaked to the '' Daily Mirror'', which returned the document to the government but decided to print some of the details, thus helping Tony Blair, then the leader of the Opposition, to prepare his response. Clarke described his statement as one that outlined a "Rolls-Royce recovery – built to last" and predicted economic growth of 2.5% for 1997 and 3.5% for 1998, but Blair dismissed it as "a last-gasp budget of a government whose time is up". Backgro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of MPs Elected In The 1992 United Kingdom General Election
This is a list of Members of Parliament (MPs) elected in the 1992 general election, held on 9 April. During the 1992–97 Parliament, Betty Boothroyd was the Speaker, John Major served as Prime Minister, and Neil Kinnock, John Smith, Margaret Beckett, and Tony Blair served as Leader of the Opposition. This Parliament was dissolved on 8 April 1997. By nation * List of MPs for constituencies in Scotland (1992–1997) * List of MPs for constituencies in Wales (1992–1997) Composition These representative diagrams show the composition of the parties as it was directly after the 1992 general election and before the 1997 general election: Note: The Scottish National Party and Plaid Cymru sit together as a party group. This is not the official seating plan of the House of Commons, which has five rows of benches on each side, with the government party to the right of the Speaker and opposition parties to the left, but with room for only around two-thirds of MPs to sit at an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piers Morgan
Piers Stefan Pughe-Morgan (; né O'Meara; born 30 March 1965) is a British broadcaster, journalist, writer, and television personality. He began his Fleet Street career in 1988 at '' The Sun''. In 1994, aged 29, he was appointed editor of the '' News of the World'' by Rupert Murdoch, which made him the youngest editor of a British national newspaper in more than half a century. From 1995, Morgan edited the ''Daily Mirror'', but was sacked in 2004. He was the editorial director of ''First News'' during 2006 to 2007. As a television presenter, Morgan has previously hosted the ITV talk show '' Life Stories'' from 2009 to 2021 as well as the CNN chat show ''Piers Morgan Live'' from 2011 to 2014. Morgan also co-presented the ITV Breakfast programme ''Good Morning Britain'' with Susanna Reid from 2015 to 2021, and was a judge on both '' America's Got Talent'' (2006–2011) and ''Britain's Got Talent'' (2007–2010). In 2008, he won '' The Celebrity Apprentice US'', appearing with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Index (economics)
In Statistics, Economics and Finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from different perspectives. Influential global financial indices such as the Global Dow, and the NASDAQ Composite track the performance of selected large and powerful companies in order to evaluate and predict economic trends. The Dow Jones Industrial Average and the S&P 500 primarily track U.S. markets, though some legacy international companies are included. The consumer price index tracks the variation in prices for different consumer goods and services over time in a constant geographical location and is integral to calculations used to adjust salaries, bond interest rates, and tax thresholds for inflation. The GDP Deflator Index, or real GDP, measures the level of prices of all- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Gains Tax
A capital gains tax (CGT) is the tax on profits realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, Bond (finance), bonds, precious metals, real estate, and property. Not all countries impose a capital gains tax and most have different rates of taxation for individuals versus corporations. Countries that do not impose a capital gains tax include Bahrain, Barbados, Belize, Cayman Islands, Isle of Man, Jamaica, New Zealand, Sri Lanka, Singapore, and others. In some countries, such as New Zealand and Singapore, professional traders and those who trade frequently are taxed on such profits as a business income. In Sweden, the Investment Savings Account (ISK – ''Investeringssparkonto'') was introduced in 2012 in response to a decision by Parliament to stimulate saving in funds and equities. There is no tax on capital gains in ISKs; instead, the saver pays an annual standard low rate of tax. Fund savers nowadays mainly ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax In The United Kingdom
In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing Capital Transfer Tax. History Prior to the introduction of Estate Duty by the Finance Act 1894, there was a complex system of different taxes relating to the inheritance of property, that applied to either realty (land) or personalty (other personal property): # From 1694, Probate Duty, introduced as a stamp duty on wills entered in probate in 1694, applying to personalty. # From 1780, Legacy Duty, an inheritance duty paid by the receiver of personalty, graduated according to consanguinity # From 1853, Succession Duty, a duty introduced by the Succession Duty Act 1853 applying to realty settlements, taking effect on the death of the settlor # From 1881, Account Duty applied as an anti-avoidance duty on lifetime gifts made to avoid paying Legacy Duty # From 1885, Corporation Duty applied to the annual value of certain property vested in corporate and unincorpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax In The United Kingdom
Taxation in the United Kingdom may involve payments to at least three different levels of government: central government (HM Revenue & Customs), devolved governments and local government. Central government revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty. Local government revenues come primarily from grants from central government funds, business rates in England, Council Tax and increasingly from fees and charges such as those for on-street parking. In the fiscal year 2014–15, total government revenue was forecast to be £648 billion, or 37.7 per cent of GDP, with net taxes and National Insurance contributions standing at £606 billion. History A uniform Land tax, originally was introduced in England during the late 17th century, formed the main source of government revenue throughout the 18th century and the early 19th century.Stephen Dowell, ''History of Taxation and Taxes in England'' (Routledge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Excise Duty
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is levied at the moment of manufacture rather than at sale. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try to recover their loss by raising the price paid by the eventual buyer of the goods. Excises are typically imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Drinking Age
The legal drinking age is the minimum age at which a person can legally consume alcoholic beverages. The minimum age alcohol can be legally consumed can be different from the age when it can be purchased in some countries. These laws vary between countries and many laws have exemptions or special circumstances. Most laws apply only to drinking alcohol in public places with alcohol consumption in the home being mostly unregulated (an exception being the UK, which has a minimum legal age of five for supervised consumption in private places). Some countries also have different age limits for different types of alcohol drinks. The majority of countries have a minimum legal drinking age of 18. The most commonly known reason for the law behind the legal drinking age is the effect on the brain in adolescents. Since the brain is still maturing, alcohol can have a negative effect on the memory and long-term thinking. Alongside that, it can cause liver failure, and create a hormone imb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcopop
An alcopop (or cooler, spirit cooler n South African English">South_African_English.html" ;"title="n South African English">n South African English or malternative [in American English]) is any of certain flavored alcoholic beverages with relatively low alcohol content (e.g., 3–7% alcohol by volume), including: # Malt beverages to which various fruit juices or other flavorings have been added # Wine coolers: beverages containing wine to which ingredients such as fruit juice or other flavorings have been added # Mixed drinks containing distilled alcohol and sweet liquids such as fruit juices or other flavourings The term ''alcopop'' (a portmanteau of the words ''alcohol'' and '' pop'') is used commonly in the United Kingdom and Ireland to describe these drinks. In English-speaking Canada, "cooler" is more common but "alcopop" may also be used. Other terms include flavored alcoholic beverage (FAB), flavored malt beverage (FMB), "pre-packaged" or "premium packaged" spirit (PPS). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax In The United Kingdom
Taxation in the United Kingdom may involve payments to at least three different levels of government: central government (HM Revenue & Customs), devolved governments and local government. Central government revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty. Local government revenues come primarily from grants from central government funds, business rates in England, Council Tax and increasingly from fees and charges such as those for on-street parking. In the fiscal year 2014–15, total government revenue was forecast to be £648 billion, or 37.7 per cent of GDP, with net taxes and National Insurance contributions standing at £606 billion. History A uniform Land tax, originally was introduced in England during the late 17th century, formed the main source of government revenue throughout the 18th century and the early 19th century.Stephen Dowell, ''History of Taxation and Taxes in England'' (Routledge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Spending
Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not). Macroeconomic factors Taxes Taxes are a tool in the adjustment of the economy. Tax policies designed by governments affect consumer groups, net consumer spending and consumer confidence. Economists expect tax manipulation to increase or decrease consumer spending, though the precise impact of specific manipulations are often the subject of controversy. Underlying tax manipulation as a stimulant or suppression of consumer spending is an equation for gross domestic product (GDP). The equation is GDP = C + I + G + NX, where C is private consumption, I is private investment, G is government and NX is the net of exports minus imports. Increases in government spending create demand and economic expansion. However, government spendin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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