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Commissioners For The Reduction Of The National Debt
The Commissioners for the Reduction of the National Debt (CRND) is a statutory body of the UK Government, whose main function is the investment and management of government funds. The current Comptroller General is Jo Whelan. History The CRND was established in 1786 by the National Debt Reduction Act 1786, and was originally a non-ministerial government department. The 1786 Act provided that the Commissioners were to be the Speaker of the House of Commons, the Chancellor of the Exchequer, the Master of the Rolls, the Accountant-General of the Court of Chancery and the governor and deputy governor of the Bank of England. The Life Annuities Act 1808 provided that the Chief Baron of the Court of Exchequer (or, in his absence, any of the Barons of the Court of Exchequer) was also to be a Commissioner; the Chief Baron was replaced by the Lord Chief Justice by the Supreme Court of Judicature Act 1881. The Paymaster General replaced the Accountant-General of the Court of Chancery by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom National Debt
The United Kingdom national debt is the total quantity of money borrowed by the Government of the United Kingdom at any time through the issue of securities by the British Treasury and other government agencies. At the end of December 2021, UK General government gross debt was £2,382.8 billion, or 102.8% of Gross domestic product, the second lowest in the G7 while 14.6% above the average of the EU member states at that time. Approximately a third of the UK National Debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately a third of the cost of servicing the debt is paid by the government to itself. In 2018, this reduced the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income). In 2017, due to the Government's budget deficit ( PSNCR), the national debt increased by £46 billion. The Cameron–Clegg coalition government in 2010 planned that they would eliminate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinking Fund
A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt. In North America and elsewhere where it is common for public and private corporations to raise funds through the issue of bonds, the term is normally used in this context. However, in the United Kingdom and elsewhere where the issue of bonds (other than government bonds) is unusual, and where long-term leasehold tenancies are common, the term is only normally used in the context of replacement or renewal of capital assets, particularly the common parts of buildings. Borrowing money by issuing a bond is referred to as floating a bond. Sinking is its opposite, repaying debt or acquiring capital assets without debt. Historical context The sinking fund was first used in Great Britain in the 18th century to reduce national debt. While used by Robert Walpole in 1716 and effectively in the 1720s and early 1730s, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Lottery (United Kingdom)
The National Lottery is the state-franchising, franchised national lottery established in 1994 in the United Kingdom. It is regulated by the Gambling Commission, and is currently operated by Camelot Group, to which the licence was granted in 1994, 2001 and again in 2007, but will be operated by Allwyn Entertainment Ltd from 2024. Prizes are paid as a lump sum (with the exception of the Set For Life which is paid over a set period) and are tax-free. Of all money spent on National Lottery games, around 53% goes to the prize fund and 25% to "good causes" as set out by UK Parliament, Parliament (though some of this is considered by some to be a form of "stealth tax" levied to support the National Lottery Community Fund, a fund constituted to support public spending). 12% goes to the UK Government as lottery duty, 4% to retailers as commission, and a total of 5% to operator Camelot, with 4% to cover operating costs and 1% as profit. From introduction in November 1994 until April 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department For Culture, Media And Sport
, type = Department , logo = Department for Digital, Culture, Media and Sport logo.svg , logo_width = , logo_caption = , seal = , seal_width = , seal_caption = , picture = Government Offices Great George Street.jpg , picture_width = 200px , picture_caption = 100 Parliament Street – partly occupied by DCMS on the windowless fourth floor , formed = , preceding1 = Department for National Heritage , dissolved = , superseding = , jurisdiction = Government of the United Kingdom , headquarters = 100 Parliament Street,London SW1A 2BQ,England , employees = 3,020 , budget = £1.4 billion (current) & £1.3 billion (capital) for 2011–12 , minister1_name = Rt Hon Michelle Donelan MP , minister1_pfo = Secretary of State for Digital, Culture, Media and Sport , minister2_name = Matt Warman MP , minister2_pfo = Minister of State for Media, Data, and Digi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Her Majesty's Courts Service
Her Majesty's Courts Service (HMCS) was an executive agency of the Ministry of Justice (MoJ) and was responsible for the administration of the civil, family and criminal courts in England and Wales. It was created by the amalgamation of the Magistrates' Courts Service and the Court Service as a result of the Unified Courts Administration Programme. It came into being on 1 April 2005, bringing together the Magistrates' Courts Service and the Courts Service into a single organisation. On 1 April 2011 it merged with the Tribunals Service to form Her Majesty's Courts and Tribunals Service (from 8 September 2022 His Majesty's Courts and Tribunals Service). HMCS structure Her Majesty's Courts Service carried out the administration and support for the Court of Appeal, the High Court, the Crown Court, the magistrates' courts, the county courts and the Probate Service in England and Wales. When established court services were administered by seven regions responsible for 42 local are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Savings And Investments
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering. History National Savings and Investments was founded by the Palmerston government in 1861 as the Post Office Savings Bank, the world's first postal savings system. The aim of the bank was to allow ordinary workers a facility "to provide for themselves against adversity and ill-health", and to provide the government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Insurance Fund
The three British National Insurance Funds hold the contributions of the National Insurance Scheme, set up by the Government of the United Kingdom in 1911. It was reformed in 1948 and assumed broadly its current form in 1975, when the separate National Insurance (Industrial Injuries) and National Insurance (Reserve) Funds were merged with it. In the William_Beveridge#Main_work_on_social_security, Beveridge Report this was the basis of a universal insurance system for all British people. "first and foremost a plan of insurance – of giving in return for contributions benefits up to subsistence levels, as of right and without means test, so that individuals may build freely upon it". There are the National Insurance Fund of the United Kingdom, for Great Britain (England and Wales and Scotland), the National Insurance Fund of Northern Ireland, and the Isle of Man National Insurance Fund. The United Kingdom (for England, Wales and Scotland only) The money is held in the National I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Revenue & Customs
HM Revenue and Customs (His Majesty's Revenue and Customs, or HMRC) is a non-ministerial government department, non-ministerial Departments of the United Kingdom Government, department of the His Majesty's Government, UK Government responsible for the tax collection, collection of Taxation in the United Kingdom, taxes, the payment of some forms of Welfare state in the United Kingdom, state support, the administration of other regulatory Regime#Politics, regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the St Edward's Crown enclosed within a circle. Prior to the Elizabeth II, Queen's death on 8 September 2022, the department was known as ''Her'' Majesty's Revenue and Customs and has since been amended to reflect the change of monarch. Departmental responsibilities The department is responsible for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mullens & Co
Mullens may refer to: * Mullens, West Virginia * B. J. Mullens (b. 1989), American basketball player * Bob Mullens (1922–1989), American basketball player * Nick Mullens (b. 1995), American football player * Willy Mullens Willy Mullens (4 October 1880, Weesp, North Holland - 21 April 1952, The Hague) was a Dutch producer, director, and promoter of movies. He is considered to be one of the early pioneers of Cinema of the Netherlands, Dutch cinema, and one of his mov ... (1880–1952), an early Dutch producer, director, and promoter of movies See also * Mullins (other) {{dab, surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
