Chancellorship Of George Osborne
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Chancellorship Of George Osborne
George Osborne served as Chancellor of the Exchequer from May 2010 to July 2016 in the David Cameron–Nick Clegg coalition Conservative-Liberal Democrat government and the David Cameron majority Conservative government. His tenure pursued austerity policies aimed at reducing the budget deficit and launched the Northern Powerhouse initiative. He had previously served as Shadow Chancellor in the Shadow Cabinet of David Cameron from 2005 to 2010. Following the 2010 general election, negotiations led to David Cameron becoming prime minister as the head of a Cameron–Clegg coalition, coalition government with the Liberal Democrats (UK), Liberal Democrats. Osborne was appointed Chancellor of the Exchequer in the Cameron–Clegg coalition. He succeeded Alistair Darling, inheriting a large deficit in government finances due to the effects of the 2007–2008 financial crisis, late-2000s financial crisis. At age 39, Osborne became the youngest Chancellor of the Exchequer since the ap ...
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Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the Two-party system, two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. It is the current Government of the United Kingdom, governing party, having won the 2019 United Kingdom general election, 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the Centre-right politics, centre-right of the political spectrum, and encompasses various ideological #Party factions, factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites, and traditionalist conservatism, traditionalist conservatives. The party currently has 356 Member of Parliament (United Kingdom), Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Senedd, Welsh Parliament, 2 D ...
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Today (BBC Radio 4)
''Today'', colloquially known as ''the Today programme'', is a long-running British morning news and current-affairs radio programme on BBC Radio 4. Broadcast on Monday to Saturday from 6:00 am to 9:00 am, it is produced by BBC News and is the highest-rated programme on Radio 4 and one of the BBC's most popular programmes across its radio networks. In-depth political interviews and reports are interspersed with regular news bulletins, as well as ''Thought for the Day''. It has been voted the most influential news programme in Britain in setting the political agenda, with an average weekly listening audience around 7 million. History ''Today'' was launched on the BBC's Home Service on 28 October 1957 as a programme of "topical talks" to give listeners an alternative to listening to light music. The programme's founders were Isa Benzie and Janet Quigley. Benzie gave the programme its name, and served as its first ''de facto'' editor. It was initially broadcast as two 20-minute ed ...
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Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013) was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented economic policies that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist, before becoming a barrister. She was List of MPs elected in the 1959 United Kingdom general election, elected Member of Parliament for Finchley (UK Parliament constituency), Finchley in 1959 United Kingdom general election, 1959. Edward Heath appointed her Secretary of State for Education and Science in his H ...
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2010 Spending Review
A spending review, or occasionally a comprehensive spending review, is a governmental process in the United Kingdom carried out by HM Treasury to set firm expenditure limits and, through public service agreements, define the key improvements that the public can expect from these resources. Spending reviews typically focus upon one or several aspects of public spending while comprehensive spending reviews focus upon each government department's spending requirements from a zero base (i.e. without reference to past plans or, initially, current expenditure). The latter are named after the year in which they are announced – thus ''CSR07'' (completed in October 2007) applies to financial years 2008–2011. Other developed countries have similar review processes, e.g. Canada, New Zealand, The Netherlands, Italy, Ireland, and France. France conducted its first comprehensive spending review (called in French "''la Révision Générale des Politiques Publiques''") in 2008. The Netherland ...
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Office For Budget Responsibility
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009) and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world. Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020. Functions The UK government created the OBR in 2010 with the goal of offering independent and authoritative analysis of the UK's public finances. To that end it produces two 5-year-ahead forecasts for the economy and the public finances each year, alongside the Budget and Spring Statements. In it ...
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Privy Counsellor
The Privy Council (PC), officially His Majesty's Most Honourable Privy Council, is a privy council, formal body of advisers to the British monarchy, sovereign of the United Kingdom. Its membership mainly comprises Politics of the United Kingdom, senior politicians who are current or former members of either the House of Commons of the United Kingdom, House of Commons or the House of Lords. The Privy Council formally advises the sovereign on the exercise of the Royal prerogative in the United Kingdom, Royal Prerogative, and as a body corporate (as King-in-Council) it issues Executive (government), executive instruments known as Orders in Council which, among other powers, enact Acts of Parliament. The Council also holds the delegated authority to issue Orders of Council, mostly used to regulate certain public institutions. The Council advises the sovereign on the issuing of Royal Charter, Royal Charters, which are used to grant special status to incorporated bodies, and city s ...
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Timeline Of Brexit
Brexit was the withdrawal from the European Union, withdrawal of the United Kingdom from the European Union at 23:00 Greenwich Mean Time, GMT on 31 January 2020 (00:00 1 February 2020 Central European Time, CET). , the UK is the only member state to have left the EU. Britain Accession of the United Kingdom to the European Communities, entered the predecessor to the EU, the European Communities (EC), on 1 January 1973. Following this, Euroscepticism in the United Kingdom, Eurosceptic groups grew in popularity in the UK, opposing aspects of both the EC and the EU. As Euroscepticism increased during the early 2010s, Prime Minister of the United Kingdom, Prime Minister David Cameron delivered Bloomberg speech, a speech in January 2013 at Bloomberg London, in which he called for reform of the EU and promised an in–out referendum on the UK's membership if the Conservative Party (UK), Conservative Party won a majority at the 2015 United Kingdom general election, 2015 general election. ...
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Poverty In The United Kingdom
Poverty in the United Kingdom refers to the portion of the population of the United Kingdom that are considered to be in poverty under some measures of poverty. Data based on incomes published in 2016 by the Department for Work and Pensions (DWP) show that, after housing costs have been taken into consideration, the number of people living in the UK in relative poverty to be 13.44m (21% of the population). In 2015, a report by Institute for Fiscal Studies reported that 21.6% of Britons were in relative poverty. The report showed that there had been a fall in poverty in the first few years of the 21st century, but the rate of poverty remained broadly flat in the decade after 2004/5. Full Fact found that the British poverty rate is "almost exactly the same level as the EU average (17%)", much lower than the DWP figures due to differences in calculation methods between countries. In 2018, Philip Alston, the UN Special Rapporteur on extreme poverty and human rights said that Brit ...
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Theresa May
Theresa Mary May, Lady May (; née Brasier; born 1 October 1956) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served in David Cameron's cabinet as Home Secretary from 2010 to 2016, and has been Member of Parliament (MP) for Maidenhead in Berkshire since 1997. May is the UK's second female prime minister after Margaret Thatcher, and is the first woman to hold two of the Great Offices of State. Ideologically, May identifies herself as a one-nation conservative. May grew up in Oxfordshire and attended St Hugh's College, Oxford. After graduating in 1977, she worked at the Bank of England and the Association for Payment Clearing Services. She also served as a councillor for Durnsford in Merton. After two unsuccessful attempts to be elected to the House of Commons, she was elected as the MP for Maidenhead at the 1997 general election. From 1999 to 2010, May held several roles ...
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2016 United Kingdom European Union Membership Referendum
The United Kingdom European Union membership referendum, commonly referred to as the EU referendum or the Brexit referendum, took place on 23 June 2016 in the United Kingdom (UK) and Gibraltar to ask the electorate whether the country should remain a member of, or leave, the European Union (EU). It was organised and facilitated through the European Union Referendum Act 2015 and the Political Parties, Elections and Referendums Act 2000. The referendum resulted in 51.9% of the votes cast being in favour of leaving the EU. Although the referendum was legally non-binding, the government of the time promised to implement the result. Membership of the EU had long been a topic of debate in the United Kingdom. The country joined the European Communities (EC), principally the European Economic Community (EEC) or Common Market, the forerunner to the European Union, in 1973, along with the European Coal and Steel Community (ECSC), and the European Atomic Energy Community (EAEC or Eu ...
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Nadhim Zahawi
Nadhim Zahawi ( ar, ناظم الزهاوي, translit=Nāẓim az-Zahāwī; ku, نەدیم زەهاوی, translit=Nedîm Zehawî; born 2 June 1967) is an Iraqi-born British politician serving as Chairman of the Conservative Party and Minister without Portfolio since 25 October 2022. A member of the Conservative Party, he was first elected Member of Parliament (MP) for Stratford-on-Avon in 2010. He had previously served in various ministerial positions under prime ministers Theresa May, Boris Johnson and Liz Truss from 2018 to 2022. Born in Baghdad to a Kurdish family, Zahawi was co-founder of international Internet-based market research firm YouGov of which he was chief executive until February 2010. A chemical engineer in his earlier career, he was chief strategy officer for Gulf Keystone Petroleum until January 2018. After the retirement of previous Conservative MP John Maples, he was elected for Stratford-upon-Avon at the 2010 general election. Zahawi joined Theresa May's ...
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