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Institute For Fiscal Studies
The Institute for Fiscal Studies (IFS) is an economic research institute based in London, United Kingdom, which specialises in UK taxation and public policy. It produces both academic and policy-related findings. The institute's aim is to "advance education for the benefit of the public by promoting on a non-political basis the study and discussion of and the exchange and dissemination of information and knowledge concerning national economic and social effects and influences of existing taxes and proposed changes in fiscal systems." It is located in the Bloomsbury area of Central London close to the British Museum and University College London (UCL). History The institute was founded in response to the passing of the Finance Act 1965, by four financial professionals: a banker and later Conservative Party politician ( Will Hopper), an investment trust manager (Bob Buist), a stockbroker (Nils Taube), and a tax consultant (John Chown). In 1964, the then Chancellor of th ... [...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] |
John Chown
John Chown is a monetary economist in the United Kingdom who made his career as an international tax specialist with particular reference to currency and financial markets. Since retiring from Chown Dewhurst LLP he has remained very active, taking part in discussions on public policy issues with special reference to the development of capital markets and encouragement of inward investment into transitional and emerging economies, the future of the Eurozone, and advising on. He also works closely with a group advising on the financing of high-tech, `disruptive’ start-ups. Early life and education Chown was educated at Gordonstoun and Selwyn College, Cambridge, where he won the Adam Smith Prize for a dissertation on fixed versus floating exchange rates, awarded the Wrenbury Scholarship as top of his year, is now an Honorary Fellow of the College. He served for many years on the Investment Committee. Career In 1962, Chown founded his tax advisory company, J F Chown & Company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Selwyn Lloyd
John Selwyn Brooke Lloyd, Baron Selwyn-Lloyd, (28 July 1904 – 18 May 1978) was a British politician. Born and raised in Cheshire, he was an active Liberal as a young man in the 1920s. In the following decade, he practised as a barrister and served on Hoylake Urban District Council, by which time he had become a Conservative Party sympathiser. During the Second World War he rose to be Deputy Chief of Staff of Second Army, playing an important role in planning sea transport to the Normandy beachhead and reaching the acting rank of brigadier. Elected to Parliament in 1945 as a Conservative, he held ministerial office from 1951, eventually rising to be Foreign Secretary under Prime Minister Anthony Eden from April 1955. His tenure coincided with the Suez Crisis, for which he at first attempted to negotiate a peaceful settlement, before reluctantly assisting with Eden's wish to negotiate collusion with France and Israel as a prelude to military action. He continued as Foreign Sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roy Jenkins
Roy Harris Jenkins, Baron Jenkins of Hillhead, (11 November 1920 – 5 January 2003) was a British politician who served as President of the European Commission from 1977 to 1981. At various times a Member of Parliament (MP) for the Labour Party, Social Democratic Party (SDP) and the Liberal Democrats, he was Chancellor of the Exchequer and Home Secretary under the Wilson and Callaghan Governments. The son of Arthur Jenkins, a coal-miner and Labour MP, Jenkins was educated at the University of Oxford and served as an intelligence officer during the Second World War. Initially elected as MP for Southwark Central in 1948, he moved to become MP for Birmingham Stechford in 1950. On the election of Harold Wilson after the 1964 election, Jenkins was appointed Minister of Aviation. A year later, he was promoted to the Cabinet to become Home Secretary. In this role, Jenkins embarked on a major reform programme; he sought to build what he described as "a civilised society" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harold Wilson
James Harold Wilson, Baron Wilson of Rievaulx, (11 March 1916 – 24 May 1995) was a British politician who served as Prime Minister of the United Kingdom twice, from October 1964 to June 1970, and again from March 1974 to April 1976. He was the Leader of the Labour Party from 1963 to 1976, and was a Member of Parliament (MP) from 1945 to 1983. Wilson is the only Labour leader to have formed administrations following four general elections. Born in Huddersfield, Yorkshire, to a politically active middle-class family, Wilson won a scholarship to attend Royds Hall Grammar School and went on to study modern history at Jesus College, Oxford. He was later an economic history lecturer at New College, Oxford, and a research fellow at University College, Oxford. Elected to Parliament in 1945 for the seat of Ormskirk, Wilson was immediately appointed to the Attlee government as a Parliamentary Secretary; he became Secretary for Overseas Trade in 1947, and was elevated to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Secretary To The Treasury
The financial secretary to the Treasury is a mid-level ministerial post in HM Treasury, His Majesty's Treasury. It is nominally the fifth most significant ministerial role within the Treasury after the First Lord of the Treasury, first lord of the Treasury, the chancellor of the Exchequer, the Chief Secretary to the Treasury, chief secretary to the Treasury, and the Paymaster General, paymaster general. However, the role of First Lord of the Treasury is always held by the prime minister who is not a Treasury minister, and the position of Paymaster General is a sinecure often held by the Minister for the Cabinet Office to allow the holder of that office to draw a government salary. In practice it is, therefore, the third most senior Treasury minister and has attended Cabinet (government), Cabinet in the past. The incumbent as of October 2022 is Victoria Atkins. The position is shadowed by the Shadow Financial Secretary to the Treasury, shadow financial secretary to the treasury. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dick Taverne
Dick Taverne, Baron Taverne, (born 18 October 1928) is a British politician and life peer who served as Member of Parliament (MP) for Lincoln from 1962 to 1974. A member of the Liberal Democrats, he was a Labour MP until his deselection in 1972, following which he resigned his seat and won the subsequent by-election in 1973 as a Democratic Labour candidate. Taverne's 1973 victory in Lincoln was short-lived; despite retaining his seat at the February 1974 general election, Labour regained the seat at the October 1974 general election, by the future cabinet minister Margaret Beckett. However, his success opened the possibility of a realignment on the left of British politics, which took shape in 1981 as the Social Democratic Party (SDP), which Taverne joined. He later joined the Liberal Democrats when the SDP merged with the Liberal Party. He has sat as a Liberal Democrat life peer since 1996. Career Educated at Charterhouse School, and then Balliol College, Oxford, he gra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation (which is considered "healthy" at the level in the range 2%–3%) and to increase employment. Additionally, it is designed to try to k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aston Clinton
Aston Clinton is a historic village and civil parish in the Vale of Aylesbury in Buckinghamshire, England. The village lies at the foot of the Chiltern Hills, between the Wendover and Aylesbury arms of the Grand Union Canal. Surrounding towns include Wendover to the south, Aylesbury to the west, and Tring to the east - across the nearby county border with Hertfordshire. History It is believed that the village started at the crossing of two Roman roads, Akeman Street and Icknield Way, both of which are still main roads in the village. After the fall of the Roman Empire, it became a Saxon settlement and remains of a Saxon cemetery were found during the construction of the Aston Clinton Bypass. Before the Norman conquest of England in 1066 the settlement was probably held under patronage of King Edward the Confessor. The village is recorded in the Domesday Book of 1086 where in Old English it was called ''Estone'', which means "eastern estate". The manor, later to be known as Asto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reductio Ad Absurdum
In logic, (Latin for "reduction to absurdity"), also known as (Latin for "argument to absurdity") or ''apagogical arguments'', is the form of argument that attempts to establish a claim by showing that the opposite scenario would lead to absurdity or contradiction. This argument form traces back to Ancient Greek philosophy and has been used throughout history in both formal mathematical and philosophical reasoning, as well as in debate. Examples The "absurd" conclusion of a ''reductio ad absurdum'' argument can take a range of forms, as these examples show: * The Earth cannot be flat; otherwise, since Earth assumed to be finite in extent, we would find people falling off the edge. * There is no smallest positive rational number because, if there were, then it could be divided by two to get a smaller one. The first example argues that denial of the premise would result in a ridiculous conclusion, against the evidence of our senses. The second example is a mathematical proof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Corporation Tax
: ''Throughout this article, the term "pound" and the £ symbol refer to the Pound sterling.'' Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied on companies. Finance Act 1965 replaced this structure for companies and associations with a single corporate tax, which took its basic structure and rules from the income tax system. Since 1997, the UK's Tax Law Rewrite ProjectTax Law Rewrite , |
