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HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Offices Great George Street
Government Offices Great George Street (GOGGS) is a large UK government office building situated in Westminster between Horse Guards Road, Great George Street, Whitehall, Parliament Street, King Charles Street and Parliament Square. The western end of the building, on Horse Guards Road, is known as 1 Horse Guards Road (1HGR). The Whitehall, Parliament Street end is referred to as 100 Parliament Street (100PS). History GOGGS was designed by J. M. Brydon, John Brydon following a competition in 1898. Construction took place in two phases: the East end was completed in 1908 and the West end was completed in 1917. It was originally built as offices for the Board of Education (United Kingdom), Board of Education, the Local Government Board and the local Ministry of Works (United Kingdom), Ministry of Works Office; HM Treasury moved into the building in 1940. A major refurbishment of the building was procured under a Private Finance Initiative contract in 2000. The works, which were des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Minister
The position of City Minister is a United Kingdom Government mid-level ministerial post in HM Treasury. The minister is responsible for the British financial services sector which is commonly known as ' the City'. The post is normally held in combination with another Treasury position, currently the Financial Secretary to the Treasury. History The term 'City Minister' was first used as a nickname for the position of Financial Services Secretary to the Treasury which was created by Gordon Brown upon coming to office in October 2008. The only person to have held the office was Lord Myners, who served from October 2008 to May 2010. In May 2010 as part of the ministerial reorganisation by the Cameron Government the position of Financial Services Secretary to the Treasury was abolished. However, the idea of there being a minister specifically responsible for the City was retained and it was decided that the post would be held concurrently with the position of Financial Secretary to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry I Of England
Henry I (c. 1068 – 1 December 1135), also known as Henry Beauclerc, was King of England from 1100 to his death in 1135. He was the fourth son of William the Conqueror and was educated in Latin and the liberal arts. On William's death in 1087, Henry's elder brothers Robert Curthose and William Rufus inherited Normandy and England, respectively, but Henry was left landless. He purchased the County of Cotentin in western Normandy from Robert, but his brothers deposed him in 1091. He gradually rebuilt his power base in the Cotentin and allied himself with William Rufus against Robert. Present at the place where his brother William died in a hunting accident in 1100, Henry seized the English throne, promising at his coronation to correct many of William's less popular policies. He married Matilda of Scotland and they had two surviving children, Empress Matilda and William Adelin; he also had many illegitimate children by his many mistresses. Robert, who invaded from Normandy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingdom Of England
The Kingdom of England (, ) was a sovereign state on the island of Great Britain from 12 July 927, when it emerged from various Anglo-Saxon kingdoms, until 1 May 1707, when it united with Scotland to form the Kingdom of Great Britain. On 12 July 927, the various Anglo-Saxon kings swore their allegiance to Æthelstan of Wessex (), unifying most of modern England under a single king. In 1016, the kingdom became part of the North Sea Empire of Cnut the Great, a personal union between England, Denmark and Norway. The Norman conquest of England in 1066 led to the transfer of the English capital city and chief royal residence from the Anglo-Saxon one at Winchester to Westminster, and the City of London quickly established itself as England's largest and principal commercial centre. Histories of the kingdom of England from the Norman conquest of 1066 conventionally distinguish periods named after successive ruling dynasties: Norman (1066–1154), Plantagenet (1154–1485), Tudor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Domesday Book
Domesday Book () – the Middle English spelling of "Doomsday Book" – is a manuscript record of the "Great Survey" of much of England and parts of Wales completed in 1086 by order of King William I, known as William the Conqueror. The manuscript was originally known by the Latin name ''Liber de Wintonia'', meaning "Book of Winchester", where it was originally kept in the royal treasury. The '' Anglo-Saxon Chronicle'' states that in 1085 the king sent his agents to survey every shire in England, to list his holdings and dues owed to him. Written in Medieval Latin, it was highly abbreviated and included some vernacular native terms without Latin equivalents. The survey's main purpose was to record the annual value of every piece of landed property to its lord, and the resources in land, manpower, and livestock from which the value derived. The name "Domesday Book" came into use in the 12th century. Richard FitzNeal wrote in the ''Dialogus de Scaccario'' ( 1179) that the book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William The Conqueror
William I; ang, WillelmI (Bates ''William the Conqueror'' p. 33– 9 September 1087), usually known as William the Conqueror and sometimes William the Bastard, was the first House of Normandy, Norman List of English monarchs#House of Normandy, king of England, reigning from 1066 until his death in 1087. A descendant of Rollo, he was Duke of Normandy from 1035 onward. By 1060, following a long struggle to establish his throne, his hold on Normandy was secure. In 1066, following the death of Edward the Confessor, William invaded England, leading an army of Normans to victory over the Anglo-Saxons, Anglo-Saxon forces of Harold Godwinson at the Battle of Hastings, and suppressed subsequent English revolts in what has become known as the Norman Conquest. The rest of his life was marked by struggles to consolidate his hold over England and his continental lands, and by difficulties with his eldest son, Robert Curthose. William was the son of the unmarried Duke Robert I of Normandy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whole Of Government Accounts
Whole of Government Accounts (WGA) is the annual publication by the United Kingdom Government of the consolidated financial statements of over 5,500 organisations across the public sector. It aims to provide more complete data for fiscal planning by producing consolidated financial statements which are produced in accordance with the International Financial Reporting Standards (IFRS), the system of accounts used internationally by the private sector. The accounts are independently audited by the Comptroller and Auditor General, and they are scrutinized by the Public Accounts Committee each year. Background The Treasury first published a scoping study for WGA in July 1998. WGA are prepared under Section9 to 11of the Government Resources and Accounts Act 2000 and cover the whole of the UK public sector (central government, local government, health, and public corporations). WGA are prepared under International Financial Reporting Standards. The first set of accounts to be publishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Combined Online Information System
The Combined Online Information System (COINS) is a database containing HM Treasury's detailed analysis of departmental spending under thousands of category headings.How big is the COINS database? The database contains around 24 million lines of data. The database has codes for more than 1,700 public bodies in the United Kingdom including central government departments, local authorities, NHS trusts and public corporations. COINS is used by the Office for National Statistics for statistical purposes. The Treasury describes the database as "a web based multi-dimensional database used by HM Treasury to collect financial information". Data from the COINS database ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Finance
Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. The purview of public finance is considered to be threefold, consisting of governmental effects on: # The efficient allocation of available resources; # The distribution of income among citizens; and # The stability of the economy. Economist Jonathan Gruber has put forth a framework to assess the broad field of public finance. Gruber suggests public finance should be thought of in terms of four central questions: # When should the government intervene in the economy? To which there are two central motivations for government intervention, Market failure and redistribution of income and wealth. # How might the government intervene? Once the decision is made to intervene the government must ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Departments Of The Government Of The United Kingdom
The Government of the United Kingdom is divided up into departments. These, according to the government, are responsible for putting government policy into practice. There are currently 23 ministerial departments, 20 non-ministerial departments and 419 agencies and other public bodies. Ministerial departments Ministerial departments are generally the most high-profile government departments and differ from the other two types of government departments in that they include ministers. List Non-ministerial departments Non-ministerial departments are headed by civil servants and usually have a regulatory or inspection function. List Agencies and other public bodies Government departments in this third and final category can generally be split into five types: * Executive agencies An executive agency is a part of a government department that is treated as managerially and budgetarily separate, to carry out some part of the executive functions of the United King ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Debt Management Office
The UK Debt Management Office (DMO) is the executive agency responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds. Purpose The DMO is responsible for day-to-day management of the UK Government's debt. It is tasked with carrying out the UK Government's debt management policy of minimising financing costs over the long term, taking account of risk, and managing the aggregate cash needs of the Exchequer in the most cost-effective way, in both cases consistently with the objectives of monetary and any wider policy considerations. It also manages the Public Works Loan Board and the Commissioners for the Reduction of the National Debt. Legal responsibility In institutional terms, the DMO is legally and constitutionally part of HM Treasury as an executive agency. The Minister ultimately responsible for the DMO is the Chancellor of the Exchequer, who determines the policy and financial framework within ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
