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Housing (Financial Provisions) Act 1924
The Housing (Financial Provisions) Act 1924 (14 & 15 Geo. V c. 35) was an Act of Parliament in the United Kingdom. The act increased government subsidies to be paid to local authorities to build municipal housing for rent for low paid workers from £6 to £9. It also extended the time over which the subsidy was paid from 20 to 40 years. Around 508,000 houses were built under this act. The act was introduced by the first Labour government, and was known as the Wheatley Housing Act after John Wheatley John Wheatley (19 May 1869 – 12 May 1930) was a Scottish socialist politician. He was a prominent figure of the Red Clydeside era. Early life and career Wheatley was born to Thomas and Johanna Wheatley in Bonmahon, County Waterford, Ire ..., the minister who introduced it. According to one historical study, Wheatley’s houses had “slightly larger dimensions than Chamberlain’s,” and were also the first to be “equipped compulsorily with a bathroom instead of a bath ...
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Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Subsidy
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ...
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Local Government
Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-localised and has limited powers. While in some countries, "government" is normally reserved purely for a national administration (government) (which may be known as a central government or federal government), the term local government is always used specifically in contrast to national government – as well as, in many cases, the activities of sub-national, first-level administrative divisions (which are generally known by names such as cantons, provinces, states, oblasts, or regions). Local governments generally act only within powers specifically delegated to them by law and/or directives of a higher level of government. In federal states, local government generally comprises a third or fourth tier of government, whereas in unitary state ...
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Municipal Housing
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, definitions of poverty, and other criteria for allocation vary within different contexts. Public housing developments are classified as housing projects that are owned by a city's Housing authority or Federally subsidized public housing operated through HUD. Social housing is any rental housing that may be owned and managed by the state, by non-profit organizations, or by a combination of the two, usually with the aim of providing affordable housing. Social housing is generally rationed by a government through some form of means-testing or through administrative measures of housing need. One can regard social housing as a potential remedy for housing inequality. Private housing is a form of housing tenure in which the property is owned by ...
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Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, United Kingdom and the United States) rent paid in a trade or business is ...
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First Labour Government (UK)
The first MacDonald ministry of the United Kingdom lasted from January to November 1924. The Labour Party, under Ramsay MacDonald, had failed to win the general election of December 1923, with 191 seats, although the combined Opposition tally exceeded that of the Conservative government, creating a hung parliament. Stanley Baldwin remained in office until January 1924. The Conservatives had won the previous general election held in 1922 shortly after the fall of the Lloyd George Coalition when along with their Unionist allies, they had won 344 seats. This seemed a significant enough majority to expect a full parliamentary term. Nevertheless, shortly after the election the Conservative leader Bonar Law died and was replaced by Baldwin, who reneged on his predecessor's electoral pledge not to introduce protective tariffs. Baldwin sought a fresh mandate from the electorate in 1923. The result was decisive, being against protectionism, and it was clear that the Conservatives had ...
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John Wheatley
John Wheatley (19 May 1869 – 12 May 1930) was a Scottish socialist politician. He was a prominent figure of the Red Clydeside era. Early life and career Wheatley was born to Thomas and Johanna Wheatley in Bonmahon, County Waterford, Ireland. In 1876 the family moved to Braehead, Lanarkshire in Scotland. Initially—as his father had done in Ireland—he worked as a miner in the Baillieston district. After that he worked briefly as a publican. Wheatley then started a successful printing business, which published leftist political works. He wrote many of them, including ''How the Miners Were Robbed'' (1907), ''The Catholic Workingman'' (1909), ''Miners, Mines and Misery'' (1909), ''Eight Pound Cottages for Glasgow Citizens'' (1913), ''Municipal Banking'' (1920) and ''The New Rent Act'' (1920). He was a deeply religious man and a practising Roman Catholic. Influenced by early Christian-socialist thinkers, in 1907 he joined the Independent Labour Party (ILP). He founded ...
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United Kingdom Acts Of Parliament 1924
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