2016 United Kingdom Budget
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2016 United Kingdom Budget
The 2016 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 16 March 2016. It was the second fully Conservative budget delivered by Osborne, after the July 2015 budget. This was to be Osborne's last budget as Chancellor, as he was replaced by Philip Hammond on 13 July by way of Theresa May's cabinet reshuffle. Background In the November 2015 Autumn Statement, the independent Office for Budget Responsibility predicted that the UK economy would grow by 2.4% in 2016. Budget announcements * Osborne will introduce a sugar tax on soft drinks from 2018, raising around half a billion pounds which will be used to fund after-school activities such as sport and art. * The predicted GDP growth for 2016 was lowered to 2% from 2.4%. * The tax-free allowance will be raised to £11,500 and the 40p tax threshold will increase to £45,000. * There will be a new savings account, the Lifetime ISA, for the under-40s, with t ...
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List Of MPs Elected In The 2015 United Kingdom General Election
The 2015 general election took place on 7 May 2015 and saw each of Parliament's 650 constituencies return one Member of Parliament (MP) to the House of Commons. Parliament, which consists of the House of Lords and the elected House of Commons, was convened on 27 May at the Palace of Westminster by Queen Elizabeth II. It was dissolved just after midnight on 3 May 2017, being 25 working days ahead of the general election on 8 June 2017. The dissolution was originally scheduled for 2020, but took place almost three years early following a call for a snap election by Conservative Prime Minister Theresa May which received the necessary two-thirds majority in a 522 to 13 vote in the House of Commons on 19 April 2017. It was the shortest Parliament since 1974. The 2015 general election resulted in a Conservative majority, a massive loss of seats for the Liberal Democrats, and all but three Scottish seats going to the SNP. The UK Independence Party elected their first MP at a g ...
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Crossrail 2
Crossrail 2 is a proposed hybrid commuter rail and rapid transit route in South East England, running from nine stations in Surrey to three in Hertfordshire, providing a new North–South rail link across Greater London. It would connect the South West Main Line to the West Anglia Main Line, via Victoria and . It is intended to alleviate severe overcrowding that would otherwise occur on commuter rail routes into Central London by the 2030s. Should permission be granted, construction is expected to start around 2023, with the new line opening from the early 2030s. The project's cost has been estimated at £31.2 billion. The line is the fourth major rail project in the capital since 2000 ( East London line extensions opened in May 2010, the Thameslink Programme opened in 2018 and Crossrail which opened in May 2022). National Rail's projections of overcrowding, including in suburbs and tourist destinations less well-served by the Underground, led it to call for more new lines and ...
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Iain Duncan Smith
Sir George Iain Duncan Smith (born George Ian Duncan Smith; 9 April 1954), often referred to by his initials IDS, is a British politician who served as Leader of the Conservative Party and Leader of the Opposition from 2001 to 2003. He was Secretary of State for Work and Pensions from 2010 to 2016. He has been Member of Parliament (MP) for Chingford and Woodford Green, formerly Chingford, since 1992. The son of W. G. G. Duncan Smith, a Royal Air Force flying ace, Duncan Smith was born in Edinburgh and raised in Solihull. After education at the training school and Royal Military Academy Sandhurst, he served in the Scots Guards from 1975 to 1981, seeing tours in Northern Ireland and Rhodesia. He joined the Conservative Party in 1981. After unsuccessfully contesting Bradford West in 1987, he was elected to Parliament at the 1992 general election. He was not a minister during the premiership of John Major. During the leadership of William Hague he served as Shadow Secretary ...
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Secretary Of State For Work And Pensions
The secretary of state for work and pensions, also referred to as the work and pensions secretary, is a secretary of state in the Government of the United Kingdom, with overall responsibility for the business of the Department for Work and Pensions. The incumbent is a member of the Cabinet of the United Kingdom. The office holder works alongside the other Work and Pensions ministers. The corresponding shadow minister is the shadow secretary of state for work and pensions and the shadow secretary of state for the future of work. The performance of the secretary of state is also scrutinised by the Work and Pensions Select Committee. The office is currently held by Mel Stride. Responsibilities Corresponding to what is generally known as a labour minister in many other countries, the work and pensions secretary's remit includes: * Support people of working age * Oversight of employers and pensions * Fiscal Consolidation * Providing support for disability * Support for fam ...
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Jeremy Corbyn
Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition and Leader of the Labour Party from 2015 to 2020. On the political left of the Labour Party, Corbyn describes himself as a socialist. He has been Member of Parliament (MP) for Islington North since 1983. Corbyn sits in the House of Commons as an independent, having had the whip suspended in October 2020. Born in Chippenham, Wiltshire, and raised in Wiltshire and Shropshire, Corbyn joined the Labour Party as a teenager. Moving to London, he became a trade union representative. In 1974, he was elected to Haringey Council and became Secretary of Hornsey Constituency Labour Party until being elected as the MP for Islington North in 1983; he has been reelected to the office nine times. His activism has included roles in Anti-Fascist Action, the Anti-Apartheid Movement, the Campaign for Nuclear Disarmament, and advocating for a united Ireland and Palestinian statehood ...
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Leader Of The Opposition (United Kingdom)
The Leader of His Majesty's Most Loyal Opposition, more commonly referred to as the Leader of the Opposition, is the person who leads the Official Opposition in the United Kingdom. The position is seen as the shadow head of government of the United Kingdom. By convention, the Leader of the Opposition is the leader of the largest political party in the House of Commons that is not in government. When a single party wins outright, this is the party leader of the second-largest political party in the House of Commons. The current Leader of the Opposition is Sir Keir Starmer, the Leader of the Labour Party. Starmer was elected to that position on 4 April 2020. The Leader of the Opposition is often viewed as an alternative or shadow prime minister, and is appointed to the Privy Council. They lead an Official Opposition Shadow Cabinet, which scrutinises the actions of the Cabinet and offers alternative policies. In the nineteenth century, party affiliations were generally less ...
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Office Of Public Sector Information
The Office of Public Sector Information (OPSI) is the body responsible for the operation of His Majesty's Stationery Office (HMSO) and of other public information services of the United Kingdom. The OPSI is part of the National Archives of the United Kingdom and is responsible for Crown copyright. The OPSI announced on 21 June 2006 that it was merging with the National Archives. The merger took place in October 2006. The OPSI continues to discharge its roles and responsibilities from within the structure of the National Archives. Controller of HMSO and Director of OPSI The Controller of HMSO is also the Director of OPSI. HMSO continues to operate from within the expanded remit of OPSI. The Controller of HMSO also holds the offices of Kings's Printer of Acts of Parliament, King's Printer for Scotland and Government Printer for Northern Ireland. By virtue of holding these offices OPSI publishes, through HMSO, the '' London Gazette'', ''Edinburgh Gazette'', ''Belfast Gazette'' ...
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Severn Bridge
The Severn Bridge ( cy, Pont Hafren) is a motorway suspension bridge that spans the River Severn between South Gloucestershire in England and Monmouthshire in South East Wales. It is the original Severn road crossing between England and Wales, and took three and a half years to build, at a cost of £8 million. It replaced the 137-year-old Aust Ferry. The bridge was opened in 1966 by Queen Elizabeth II. For thirty years, the bridge carried the M4 motorway. It was granted Grade I listed status in 1999. Following the completion of the Prince of Wales Bridge, the section of motorway from Olveston in England to Magor in Wales was designated the M48. History The first proposal for a bridge across the Severn, approximately in the same location as that eventually constructed, was in 1824 by Thomas Telford, who had been asked to advise on how to improve mail coach services between London and Wales. No action was taken, and over the next few decades the railways became the domina ...
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Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ...
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The Nikkei
''The Nikkei'', also known as , is the flagship publication of Nikkei, Inc. (based in Tokyo) and the world's largest financial newspaper, with a daily circulation exceeding 1.73 million copies. The Nikkei 225, a stock market index for the Tokyo Stock Exchange, has been calculated by the newspaper since 1950. It is one of the four national newspapers in Japan; the other three are ''The Asahi Shimbun'', the ''Yomiuri Shimbun'' and the ''Mainichi Shimbun''. History The roots of the Nikkei started with an in-house newspaper department of Mitsui & Company in 1876 when it started publication of ''Chugai Bukka Shimpo'' (literally ''Domestic and Foreign Commodity Price Newspaper''), a weekly market-quotation bulletin. The department was spun out as the ''Shokyosha'' in 1882. The paper became daily (except Sunday) in 1885 and was renamed ''Chugai Shōgyō Shimpo'' in 1889. It was merged with ''Nikkan Kōgyō'' and ''Keizai Jiji'' and renamed ''Nihon Sangyō Keizai Shimbun'' in 1942. ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Dod's Parliamentary Communications
Merit Group plc is a British publishing holding company founded in 2001. It is company number 04267888. Its largest shareholder is the Conservative politician and businessman Lord Michael Ashcroft. It was formerly known as Huveaux plc (from 2001 to 2010) and then as Dods Group plc (2010–2021). Its ordinary shares are listed on the Alternative Investment Market of the London Stock Exchange. Subsidiaries A subsidiary, Dods Parliamentary Communications Ltd, publishes ''The House Magazine'', a fortnightly publication for peers and MPs in Westminster; the annual ''Dod's Parliamentary Companion''; and ''The Parliament Magazine'', aimed at Members of the European Parliament. Publication of ''Dods Parliamentary Companion'' began in 1832. The company acquired the ''PoliticsHome'' website from Lord Ashcroft in 2011, and in 2012 bought Biteback Media Ltd, publisher of ''Total Politics ''Total Politics'' is a British political magazine described as "a lifestyle magazine for the po ...
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