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Economic Secretary To The Treasury
The Economic Secretary to the Treasury is the sixth-most senior ministerial post in His Majesty's Treasury, after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster-General and the Financial Secretary to the Treasury. It is not a cabinet-level post. The office is currently of Minister of State rank, and is shadowed by the Shadow Economic Secretary to the Treasury. History The office was created in November 1947. In 1961, the Economic Secretary became junior to the new office of Chief Secretary to the Treasury, which held a seat in cabinet. Following the establishment of the Department of Economic Affairs in 1964, the Economic Secretary, Anthony Crosland, transferred to become Minister of State in that department. The post of Economic Secretary to the Treasury was abolished on 22 December 1964. Although the Department of Economic Affairs closed in 1969, the Treasury post was not re-established until 11 November 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Coat Of Arms Of The United Kingdom
The royal coat of arms of the United Kingdom, or the royal arms for short, is the arms of dominion of the British monarch, currently King Charles III. These arms are used by the King in his official capacity as monarch of the United Kingdom. Variants of the royal arms are used by other members of the British royal family, by the Government of the United Kingdom in connection with the administration and government of the country, and some courts and legislatures in a number of Commonwealth realms. A Scottish version of the royal arms is used in and for Scotland. The arms in banner form serve as basis for the monarch's official flag, the Royal Standard. In the standard variant used outside of Scotland, the shield is quartered, depicting in the first and fourth quarters the three passant guardant lions of England; in the second, the rampant lion and double tressure flory-counterflory of Scotland; and in the third, a harp for Ireland. The crest is a statant guardant lion wear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthony Crosland
Charles Anthony Raven Crosland (29 August 191819 February 1977) was a British Labour Party politician and author. A social democrat on the right wing of the Labour Party, he was a prominent socialist intellectual. His influential book '' The Future of Socialism'' (1956) argued against many Marxist notions and the traditional Labour Party doctrine that expanding public ownership was essential to make socialism work, arguing instead for prioritising the end of poverty and improving public services. He offered positive alternatives to both the right wing and left wing of the Labour Party. Having served as Member of Parliament (MP) for South Gloucestershire from 1950 to 1955, Crosland returned to Parliament for Great Grimsby (1959–1977). During Harold Wilson's governments of 1964–1970 he served as Economic Secretary to the Treasury (1964), then Minister of State for Economic Affairs (1964–1965). Entering the Cabinet as Secretary of State for Education and Science (1965� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir Stafford Cripps
Sir Richard Stafford Cripps (24 April 1889 – 21 April 1952) was a British Labour Party politician, barrister, and diplomat. A wealthy lawyer by background, he first entered Parliament at a by-election in 1931, and was one of a handful of Labour frontbenchers to retain his seat at the general election that autumn. He became a leading spokesman for the left-wing and co-operation in a Popular Front with Communists before 1939, in which year he was expelled from the Labour Party. During World War II, he served as Ambassador to the USSR (1940–42), during which time he grew wary of the Soviet Union, but achieved great public popularity because on being invaded by Nazi Germany the USSR stated its co-operation with the Allies and restoring peace, causing Cripps to be seen in 1942 as a potential rival to Winston Churchill for the premiership. He became a member of the War Cabinet of the wartime coalition, but failed in his efforts (the " Cripps Mission") to resolve the wartime c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party is a political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists. The Labour Party sits on the centre-left of the political spectrum. In all general elections since 1922, Labour has been either the governing party or the Official Opposition. There have been six Labour prime ministers and thirteen Labour ministries. The party holds the annual Labour Party Conference, at which party policy is formulated. The party was founded in 1900, having grown out of the trade union movement and socialist parties of the 19th century. It overtook the Liberal Party to become the main opposition to the Conservative Party in the early 1920s, forming two minority governments under Ramsay MacDonald in the 1920s and early 1930s. Labour served in the wartime coalition of 1940–1945, after which Clement Attlee's Labour government established the National Health Service and expanded the welfa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party. It is the current governing party, having won the 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the centre-right of the political spectrum, and encompasses various ideological factions including one-nation conservatives, Thatcherites, and traditionalist conservatives. The party currently has 356 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 Welsh Parliament, 2 directly elected mayors, 30 police and crime commissioners, and around 6,683 local councillors. It holds the annual Conservative Party Conference. The Conservative Party was founded in 1834 from the Tory Party and was one of two dominant political pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Bill
A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed spending/expenditure (Healthcare, Education, Defence, Roads, State Benefit) for the coming financial year. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. Through this budget, the government implements economic policy and realizes its program priorities. Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees and other revenues. State budget expenditures cover the activities of the state, which are either given by law or the constitution. The budget in itself does not appropriate funds for government programs, hence need for additional legislative measure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comprehensive 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Premium Tax (United Kingdom)
Insurance Premium Tax (IPT) is a type of indirect tax levied on general insurance premiums in the United Kingdom. Overview The UK government introduced the Insurance Premium Tax to raise revenue from the insurance sector, which was viewed as being under-taxed, and not subject to Value Added Tax. The main EU legislation regarding VAT (Council Directive 2006/112/EC) states that insurance and reinsurance transactions, including related services performed by insurance brokers and insurance agents, are exempt from VAT. The Insurance Premium Tax was announced by Kenneth Clarke in the November 1993 budget and introduced with the Finance Act 1994 which received Royal Assent on 3 May 1994. IPT is under the care and management of HM Revenue & Customs. IPT raised £2.3 billion in the fiscal year 2009/10. Law The main law relating to IPT includes: * the Finance Act 1994 (sections 48-74 and schedules 6A, 7 and 7A, as amended by the Finance Acts 1997, 1998,1999, 2003, 2007, 2008, 2009 and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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