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July 2015 United Kingdom Budget
The 2015 United Kingdom summer budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday, 8 July 2015. This was the first fully Conservative budget since that presented by Kenneth Clarke in 1996. Background The background to the budget was that of significant economic growth at 3%. The budget proposes spending of £742 billion and an income of £673 billion in 2015-16; a deficit of £69 billion (almost 10% of UK public spending). The budget passed with a majority of 30 votes (320 votes for, 290 against with 36 abstentions). All Conservative MPs voted for the budget (with 9 abstentions). The Labour party voted against the bill with 19 MPs abstaining. Measures * £750 million extra granted to HM Revenue and Customs to tackle tax avoidance * Income tax personal allowance raised to £11,000 * Ordoliberal measures to introduce tax incentives for large corporations to create apprenticeships, aiming for 3 million new apprentices ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of MPs Elected In The 2015 United Kingdom General Election
The 2015 general election took place on 7 May 2015 and saw each of Parliament's 650 constituencies return one Member of Parliament (MP) to the House of Commons. Parliament, which consists of the House of Lords and the elected House of Commons, was convened on 27 May at the Palace of Westminster by Queen Elizabeth II. It was dissolved just after midnight on 3 May 2017, being 25 working days ahead of the general election on 8 June 2017. The dissolution was originally scheduled for 2020, but took place almost three years early following a call for a snap election by Conservative Prime Minister Theresa May which received the necessary two-thirds majority in a 522 to 13 vote in the House of Commons on 19 April 2017. It was the shortest Parliament since 1974. The 2015 general election resulted in a Conservative majority, a massive loss of seats for the Liberal Democrats, and all but three Scottish seats going to the SNP. The UK Independence Party elected their first MP at a g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Budgets
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 In British Politics
Fifteen or 15 may refer to: *15 (number), the natural number following 14 and preceding 16 *one of the years 15 BC, AD 15, 1915, 2015 Music *Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak album), 2007 * ''15'' (Phatfish album), 2008 * ''15'' (mixtape), a 2018 mixtape by Bhad Bhabie * ''Fifteen'' (Green River Ordinance album), 2016 * ''Fifteen'' (The Wailin' Jennys album), 2017 * ''Fifteen'', a 2012 album by Colin James Songs * "Fifteen" (song), a 2008 song by Taylor Swift *"Fifteen", a song by Harry Belafonte from the album '' Love Is a Gentle Thing'' *"15", a song by Rilo Kiley from the album ''Under the Blacklight'' *"15", a song by Marilyn Manson from the album ''The High End of Low'' *" The 15th", a 1979 song by Wire Other uses *Fifteen, Ohio, a community in the United States * ''15'' (film), a 2003 Singaporean film * ''Fifteen'' (TV series), international release name of ''Hillside'', a Canadian-American teen drama *F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 Government Budgets
Fifteen or 15 may refer to: *15 (number), the natural number following 14 and preceding 16 *one of the years 15 BC, AD 15, 1915, 2015 Music *Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak album), 2007 * ''15'' (Phatfish album), 2008 * ''15'' (mixtape), a 2018 mixtape by Bhad Bhabie * ''Fifteen'' (Green River Ordinance album), 2016 * ''Fifteen'' (The Wailin' Jennys album), 2017 * ''Fifteen'', a 2012 album by Colin James Songs * "Fifteen" (song), a 2008 song by Taylor Swift *"Fifteen", a song by Harry Belafonte from the album '' Love Is a Gentle Thing'' *"15", a song by Rilo Kiley from the album ''Under the Blacklight'' *"15", a song by Marilyn Manson from the album ''The High End of Low'' *" The 15th", a 1979 song by Wire Other uses *Fifteen, Ohio, a community in the United States * ''15'' (film), a 2003 Singaporean film * ''Fifteen'' (TV series), international release name of ''Hillside'', a Canadian-American teen drama *F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-dom
Taxation in the United Kingdom may involve payments to at least three different levels of government: central government ( HM Revenue & Customs), devolved governments and local government. Central government revenues come primarily from income tax, National Insurance contributions, value added tax, corporation tax and fuel duty. Local government revenues come primarily from grants from central government funds, business rates in England, Council Tax and increasingly from fees and charges such as those for on-street parking. In the fiscal year 2014–15, total government revenue was forecast to be £648 billion, or 37.7 per cent of GDP, with net taxes and National Insurance contributions standing at £606 billion. History A uniform Land tax, originally was introduced in England during the late 17th century, formed the main source of government revenue throughout the 18th century and the early 19th century. Stephen Dowell, ''History of Taxation and Taxes in England'' (Routl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television Licence
A television licence or broadcast receiving licence is a payment required in many countries for the reception of television broadcasts, or the possession of a television set where some broadcasts are funded in full or in part by the licence fee paid. The fee is sometimes also required to own a radio or receive radio broadcasts. A TV licence is therefore effectively a hypothecated tax for the purpose of funding public broadcasting, thus allowing public broadcasters to transmit television programmes without, or with only supplemental funding from radio and television advertisements. However, in some cases, the balance between public funding and advertisements is the opposite – the Polish broadcaster TVP receives more funds from advertisements than from its TV tax. History The early days of broadcasting presented broadcasters with the problem of how to raise funding for their services. Some countries adopted the advertising model, but many others adopted a compulsory public su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benefit Cap
The benefit cap is a British Coalition government policy that limits the amount in state benefits that an individual household can claim per year. The benefit cap was introduced in 2013 at £26,000 per year (£500 per week) which was the average family income in the UK. For single people with no children it was set at £18,200 per year (£350 per week). The level of the benefit cap was subsequently lowered following an announcement in the July 2015 United Kingdom budget. From Autumn 2016 it was reduced to £20,000, except in London where it was reduced to £23,000. The benefit cap was announced in the October 2010 Spending Review by the Coalition Government and was made law by the Welfare Reform Act 2012, The Benefit Cap (Housing Benefit) Regulations 2012 and The Universal Credit Regulations 2013. It began roll out in April 2013 and was fully implemented by September 2013. By 2014 a total of 36,471 households were having their payments reduced by the benefit cap, of which 17,102 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loans And Grants In The United Kingdom
Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC), an executive non-departmental public body. The SLC is responsible for Student Finance England and Student Finance Wales, and is a delivery partner of Student Finance NI and the Student Awards Agency for Scotland. Most undergraduate university students resident in the United Kingdom are eligible for student loans, and some students on teacher training courses may also apply for loans. Student loans also became available from the 2016/17 academic year to postgraduate students who study a taught Masters, research or Doctoral course. History Education Act 1962 In the years following World War II, most local education authorities (LEAs) paid students' tuition fees and also provided a maintenance grant to help with living costs; this did not have to be repaid. The Education Act 1962 made it a legal obligation for all LEAs to give full-time university students a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax In The United Kingdom
In the United Kingdom, Inheritance Tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing Capital Transfer Tax. History Prior to the introduction of Estate Duty by the Finance Act 1894, there was a complex system of different taxes relating to the inheritance of property, that applied to either realty (land) or personalty (other personal property): # From 1694, Probate Duty, introduced as a stamp duty on wills entered in probate in 1694, applying to personalty. # From 1780, Legacy Duty, an inheritance duty paid by the receiver of personalty, graduated according to consanguinity # From 1853, Succession Duty, a duty introduced by the Succession Duty Act 1853 applying to realty settlements, taking effect on the death of the settlor # From 1881, Account Duty applied as an anti-avoidance duty on lifetime gifts made to avoid paying Legacy Duty # From 1885, Corporation Duty applied to the annual value of certain property vested in corporate and unincorp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Living Wage
The National Living Wage is an obligatory minimum wage payable to workers in the United Kingdom aged 23 and over which came into effect on 1 April 2016. it is £9.50 per hour and it is set to rise to £10.42 in April 2023. It was implemented at a significantly higher rate than the national minimum wage rate for workers under 25, and was expected (in 2015) to rise to at least £9 per hour by 2020. The consultation document issued by the Low Pay Commission in 2019 indicated that this target would not be met, instead proposing a figure of £8.67 per hour for the over 23 rate. History The Chancellor of the Exchequer George Osborne announced what he termed the "National Living Wage" at the end of his budget speech on 8 July 2015, a new national minimum wage rate only for people over the age of 25. The National Living Wage is implemented via an amendment to National Minimum Wage Act 1998. The National Living Wage was phased in between April 2016 and April 2020, with the aim of reaching ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Cameron Ministry
David Cameron formed the second Cameron ministry, the first Conservative majority government since 1996, following the 2015 general election after being invited by Queen Elizabeth II to form a new administration. Prior to the election Cameron had led his first ministry, the Cameron–Clegg coalition, a coalition government that consisted of members of the Conservatives and the Liberal Democrats, with Liberal Democrat leader Nick Clegg as Deputy Prime Minister. Following the vote to leave at the EU referendum on the morning of 24 June, Cameron said that he would resign as Prime Minister after a new Leader of the Conservative Party was chosen after the party conference in the autumn. It was announced on 11 July 2016 that he would resign on 13 July and be succeeded by Home Secretary, Theresa May. History Cameron announced his choice for Chancellor of the Exchequer, Home Secretary, Foreign Secretary and Defence Secretary on the afternoon of 8 May 2015, with George Osbor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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