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National Savings And Investments
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering. History National Savings and Investments was founded by the Palmerston government in 1861 as the Post Office Savings Bank, the world's first postal savings system. The aim of the bank was to allow ordinary workers a facility "to provide for themselves against adversity and ill-health", and to provide the government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-ministerial Government Department
Non-ministerial government departments (NMGDs) are a type of department of the United Kingdom government that deal with matters for which direct political oversight has been judged unnecessary or inappropriate. They are headed by senior civil servants. Some fulfil a regulatory or inspection function, and their status is therefore intended to protect them from political interference. Some are headed by a permanent office holder, such as a Permanent Secretary or Second Permanent Secretary.Government Departments and Agencies , Government, Citizens and Rights, DirectGov. Overview The status of an NMGD varies considerably from one to another. For example:[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pimlico
Pimlico () is an area of Central London in the City of Westminster, built as a southern extension to neighbouring Belgravia. It is known for its garden squares and distinctive Regency architecture. Pimlico is demarcated to the north by London Victoria station, Victoria Station, by the River Thames to the south, Vauxhall Bridge Road to the east and the former Grosvenor Canal to the west. At its heart is a grid of residential streets laid down by the planner Thomas Cubitt, beginning in 1825 and now protected as the Pimlico Conservation Area. The most prestigious are those on garden squares, with buildings decreasing in grandeur away from St George's Square, Warwick Square, Eccleston Square and the main thoroughfares of Belgrave Road and St. George's Drive. Additions have included the pre–World War II Dolphin Square and the Churchill Gardens and Lillington and Longmoore Gardens estates, now conservation areas in their own right. The area has over 350 Listed building, Grade II list ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Savings Movement
The National Savings Movement was a British mass savings movement that operated between 1916 and 1978 and was used to finance the deficit of government spending over tax revenues. The movement was instrumental during World War II in raising funds to support the war effort. In peacetime the movement provided an easy and safe way for ordinary people to save small sums of money. The movement grew to around 7 million members before ceasing during the 1970s as more modern methods of saving took over. Savings products promoted by the movement typically offered a low level of return but the safety of a government guarantee. History The movement was created in March 1916 as the National Savings Committee and this was supplemented by volunteer local committees and paid civil servants. A number of different organisations were loosely affiliated to make up the movement, including the Trustees Savings Banks and National Savings (previously the Post Office Savings Bank). By 1946, the mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TESSA
Tessa is a feminine given name, sometimes a shortened form of Theresa. It may refer to: People * Tessa Albertson (born 1996), American actress * Tessa Balfour, Countess of Balfour (born 1950), British aristocrat * Tessa Blanchard (born 1994), American professional wrestler * Tessa Bonhomme (born 1985), Canadian ice hockey player * Tessa Brooks (born 1999), American musician and influencer * Tessa Dahl (born 1957), English author and actress * Tessa Dare, American novelist * Tessa de Josselin (born 1989), Australian actress * Tessa Dunlop (born 1974), British television presenter, radio broadcaster and historian * Tessa Ferrer (born 1986), American actress * Tessa Fowler, Vanuatuan politician * Tessa Ganserer (born 1977), German politician * Tessa Gräfin von Walderdorff (born 1994), German countess * Tessa Hadley (born 1956), British author * Tessa Hofmann (born 1949), German sociologist * Tessa Howard (born 1999), English field hockey player * Tessa Humphries, Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Index-linked Savings Certificates
Index-linked Savings Certificates are inflation linked bonds from National Savings and Investments, the state-owned savings bank in the United Kingdom. The bond terms are typically 2,3 or 5 years. The returns are linked to the RPI (not CPI) with an escalating premium on top. The escalation encourages bonds to be held to term with higher return over inflation in the later years. From 1 May 2019 onwards the returns on bonds that are renewed will be linked to CPI rather than RPI. Bonds can be cashed in at any time. Bonds cashed in the first year sacrifice their increases to date and return only the initial deposit. Bonds cashed in beyond the first year yield the RPI indexing and premiums up to that month. Index-linked Savings Certificates are free from UK income tax making them relatively attractive to tax-payers, particularly higher rate tax-payers. They are backed by the Treasury of the UK Government so are considered to be safe deposits. The bonds come in issues. Each issue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Individual Savings Account
An individual savings account (ISA; ) is a class of retail investment arrangement available to residents of the United Kingdom. First introduced in 1999, the accounts have favourable tax status. Payments into the account are made from after-tax income, then the account is exempt from income tax and capital gains tax on the investment returns, and no tax is payable on money withdrawn from the scheme. Cash and a broad range of investments can be held within the arrangement, and there is no restriction on when or how much money can be withdrawn. Since 2017, there have been four types of account: cash ISA, stocks & shares ISA, innovative finance ISA (IFISA) and lifetime ISA (LISA). Each taxpayer has an annual investment limit (£20,000 since ) which can be split among the four types as desired. Additionally, children under 18 may hold a junior ISA, with a different annual limit. Until the lifetime ISA was introduced in 2017, ISAs were not a specific retirement investment, but any type ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public–private Partnership
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administration Review, 2007, Vol. 67(3), pp. 545–558 Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. They have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems. Cooperation between private actors, corporations and governments has existed since the inception of sovereign states, notably for the purpose of tax collection and colonization. However, contemporary "public-private partnerships" came into being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Audit Office (United Kingdom)
The National Audit Office (NAO) is an independent Parliamentary body in the United Kingdom which is responsible for auditing central government departments, government agencies and non-departmental public bodies. The NAO also carries out value for money (VFM) audits into the administration of public policy. Function The NAO is the auditor of bodies funded directly by the Parliament of the United Kingdom. The NAO reports to the Comptroller and Auditor General who is an officer of the House of Commons of the Parliament of the United Kingdom and in turn reports to the Public Accounts Commission, a statutory body established under section 2 of the National Audit Act 1983. The reports produced by the NAO are reviewed by the Public Accounts Committee, a select committee of the House of Commons, and in some cases investigated further. The NAO has two main streams of work: Financial Audits and Value For Money (VFM) audits. The NAO's financial audits give assurance over three aspe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chennai
Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of the Bay of Bengal. According to the 2011 Indian census, Chennai is the sixth-most populous city in the country and forms the fourth-most populous urban agglomeration. The Greater Chennai Corporation is the civic body responsible for the city; it is the oldest city corporation of India, established in 1688—the second oldest in the world after London. The city of Chennai is coterminous with Chennai district, which together with the adjoining suburbs constitutes the Chennai Metropolitan Area, the 36th-largest urban area in the world by population and one of the largest metropolitan economies of India. The traditional and de facto gateway of South India, Chennai is among the most-visited Indian cities by foreign tourists. It was ranked the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atos
Atos is a European multinational information technology (IT) service and consulting company headquartered in Bezons, France and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services. Atos operates worldwide under the brands Atos, Atos, Syntel, Atos Consulting, Atos Healthcare, Atos Worldgrid, Groupe Bull, Canopy, Maven Wave, and Unify. History The company was formed in 1997 through a merger of two French IT companies; and combined with the Dutch-based company Origin B.V. in 2000 to become Atos Origin. It subsequently acquired KPMG Consulting in 2002 and SchlumbergerSema in 2004. In 2010 Atos Origin announced the buyout of Siemens IT Solutions and Services and finalized the acquisition in July 2011. Afterwards, the company name reverted to Atos. Background: a series of mergers (1997–2011) In 1996, Origin B.V. was created after a merger of the Dutch company BSO and the Philips C&P (Commu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Back Office
A back office in most corporations is where work that supports ''front office'' work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients. The back office is all the resources of the company that are devoted to actually producing a product or service such as data entry, payroll, accounting and all the other labor that is not seen by customers, such as administration or logistics. Broadly speaking, back office work includes roles that affect the costs side of a business's trading statement and front office work includes roles that affect the income side of a business's trading statement. Although the operations of a back office are seldom prominent, they are a major contributor to a business's success. They can include functions such as accounting, planning, inventory management, supply-chain management, human resources and logistics. Back offices are often located somew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durham, England
Durham ( , locally ), is a cathedral city and civil parish on the River Wear, County Durham, England. It is an administrative centre of the County Durham District, which is a successor to the historic County Palatine of Durham (which is different to both the ceremonial county and district of County Durham). The settlement was founded over the final resting place of St Cuthbert. Durham Cathedral was a centre of pilgrimage in medieval England while the Durham Castle has been the home of Durham University since 1832. Both built in 11th-century, the buildings were designated as a World Heritage Site by UNESCO in 1986. HM Prison Durham is also located close to the city centre and was built in 1816. Name The name "Durham" comes from the Brythonic element , signifying a hill fort and related to -ton, and the Old Norse , which translates to island.Surtees, R. (1816) ''History and Antiquities of the County Palatine of Durham'' (Classical County Histories) The Lord Bishop of Durh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
