Bank Of England Act 1946
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Bank Of England Act 1946
The Bank of England Act 1946c 27 is an Act of Parliament of the United Kingdom which came into force on 14 February 1946. The Act brought all of the stock of the Bank of England into public ownership on the "appointed date" (1 March 1946). This was one of a series of nationalisations by the post-war Labour government led by Clement Attlee. See also * Bank of England Act 1716 * Bank of England Act 1998 A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ... References External links Bank of England Legislation, the Charters of the Bank and related documents United Kingdom Acts of Parliament 1946 Bank of England 1946 in economics Nationalisation in the United Kingdom Banking legislation in the United Kingdom {{UK-statute-stub ...
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Hugh Dalton
Edward Hugh John Neale Dalton, Baron Dalton, (16 August 1887 – 13 February 1962) was a British Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. He shaped Labour Party foreign policy in the 1930s, opposing pacifism; promoting rearmament against the German threat; and strongly opposed the appeasement policy of Prime Minister Neville Chamberlain in 1938. Dalton served in Winston Churchill's wartime coalition cabinet; after the Dunkirk evacuation he was Minister of Economic Warfare, and established the Special Operations Executive. As Chancellor, he pushed his policy of cheap money too hard, and mishandled the sterling crisis of 1947. His political position was already in jeopardy in 1947 when he, seemingly inadvertently, revealed a sentence of the budget to a reporter minutes before delivering his budget speech. Prime Minister Clement Attlee accepted his resignation; Dalton later returned to the cabinet in relatively minor p ...
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Frederick Pethick-Lawrence, 1st Baron Pethick-Lawrence
Frederick William Pethick-Lawrence, 1st Baron Pethick-Lawrence, PC (n̩ Lawrence; 28 December 1871 Р10 September 1961) was a British Labour politician who, among other things, campaigned for women's suffrage. Background and education Born in London as Frederick William Lawrence, he was the son of wealthy Unitarians who were members of the Liberal Party. Three of his father's brothers, William, James, and Edwin, were politically active in various roles, including as Lord Mayor of London and as members of parliament. Frederick was educated at Wixenford, Eton, and Trinity College, Cambridge, where he was a member of Cambridge University Liberal Club. He then became a barrister. Political career Lawrence met and fell in love with Emmeline Pethick, an active socialist and campaigner for women's votes. They finally married in 1901 after Lawrence converted to socialism. They kept separate bank accounts and they both took the surname 'Pethick Lawrence' (later Pethick-Lawrence ...
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Statute Law (Repeals) Act 2004
The Statute Law (Repeals) Act 2004 (c. 14) is an Act of the Parliament of the United Kingdom. It implements recommendations of the Law Commission and the Scottish Law Commission.The Law Commission and the Scottish Law Commission. Statute Law Revision: Seventeenth Report. Draft Statute Law (Repeals) Bill. Law Com 285. SLC 193. Cm 6070. December 2003. Schedule 1 - Repeals This Schedule is divided into the following parts: *Part 1 Administration of Justice *Part 2 Agriculture *Part 3 Allotments and smallholdings *Part 4 Aviation *Part 5 Defunct bodies *Part 6 Ecclesiastical *Part 7 Education *Part 8 Employment *Part 9 Finance *Part 10 Local government *Part 11 Pensions *Part 12 Property *Part 13 Public health *Part 14 Road traffic *Part 15 Scottish Acts *Part 16 Trade and industry *Part 17 Miscellaneous See also *Statute Law (Repeals) Act References *Halsbury's Statutes ''Halsbury's Statutes of England and Wales'' (commonly referred to as ''Halsbury's Statutes'') provides up ...
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Act Of Parliament Of The United Kingdom
In the United Kingdom an act of Parliament is primary legislation passed by the Parliament of the United Kingdom. An act of Parliament can be enforced in all four of the UK constituent countries (England, Scotland, Wales and Northern Ireland); however as a result of devolution the majority of acts that are now passed by Parliament apply either to England and Wales only, or England only; whilst generally acts only relating to constitutional and reserved matters now apply to the whole of the United Kingdom. A draft piece of legislation is called a bill; when this is passed by Parliament and given Royal Assent, it becomes an act and part of statute law. Classification of legislation Acts of Parliament are classified as either "public general acts" or "local and personal acts" (also known as "private acts"). Bills are also classified as "public", "private", or "hybrid". Public general acts Public general acts form the largest category of legislation, in principle affe ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. The Bank's Monetary Policy Committee has devolved responsibility for ...
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Attlee Ministry
Clement Attlee was invited by King George VI to form the Attlee ministry in the United Kingdom in July 1945, succeeding Winston Churchill as Prime Minister of the United Kingdom. The Labour Party had won a landslide victory at the 1945 general election, and went on to enact policies of what became known as the post-war consensus, including the establishment of the welfare state and the nationalisation of some industries. The government's spell in office was marked by post-war austerity measures, the violent crushing of pro-independence and communist movements in Malaya, the grant of independence to India, the engagement in the Cold War against Soviet Communism as well as the creation of the country's National Health Service (NHS). Attlee went on to win a narrow majority of five seats at the 1950 general election, forming the second Attlee ministry. Just twenty months after that election, Attlee called a new election for 25 October 1951 in an attempt to gain a larger m ...
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Clement Attlee
Clement Richard Attlee, 1st Earl Attlee, (3 January 18838 October 1967) was a British politician who served as Prime Minister of the United Kingdom from 1945 to 1951 and Leader of the Labour Party from 1935 to 1955. He was Deputy Prime Minister during the wartime coalition government under Winston Churchill, and served twice as Leader of the Opposition from 1935 to 1940 and from 1951 to 1955. Attlee remains the longest serving Labour leader. Attlee was born into an upper-middle-class family, the son of a wealthy London solicitor. After attending the public school Haileybury College and the University of Oxford, he practised as a barrister. The volunteer work he carried out in London's East End exposed him to poverty, and his political views shifted leftwards thereafter. He joined the Independent Labour Party, gave up his legal career, and began lecturing at the London School of Economics. His work was interrupted by service as an officer in the First World War. In 1919, he ...
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Bank Of England Act 1716
The Bank of England Act 1716 (3 Geo. 1 c. 8) was an Act of the Parliament of Great Britain. It was one of the Bank of England Acts 1694 to 1892.The Short Titles Act 1896, section 2(1) and Schedule 2 It was partially repealed by the Statute Law Revision Act 1870, the Statute Law Revision Act 1887, the Bank Act 1892, the Bank of England Act 1946, and the Statute Law Revision Act 1948. All remaining parts of the Act were repealed on 1995-11-08 by the Statute Law (Repeals) Act 1995 The Statute Law (Repeals) Act 1995 (c 44) is an Act of the Parliament of the United Kingdom. It implemented recommendations contained in the fifteenth report on statute law revision, by the Law Commission and the Scottish Law Commission. Sched .... References External links * Great Britain Acts of Parliament 1716 Bank of England Repealed Great Britain Acts of Parliament Banking legislation in the United Kingdom 1716 in economics Banking in Great Britain {{GB-statute-stub ...
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Bank Of England Act 1998
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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United Kingdom Acts Of Parliament 1946
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ...
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1946 In Economics
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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