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Presbyterian Mutual
The Presbyterian Mutual Society, also known as Presbyterian Mutual, is a Belfast-based mutual society with around 9.500 investors, most of whom are members of the Presbyterian Church in Ireland. The society has been put into administration after a run on the society in October 2008 when £21 million of its £25 million reserves were withdrawn. Presbyterian Mutual had lent heavily to the commercial property developers and the buy to let sector. The loss of funds was attributed to the fact that commercial banks had their deposits guaranteed, in contrast to the Mutual's unguaranteed status. The then Minister for Employment and Learning, Reg Empey, Sir Reg (now Lord) Empey, amongst others, called for the HM Treasury, Treasury to compensate investors. The Treasury subsequently set up a Working Group to consider what action could be taken. Gordon Brown talked with Northern Ireland's political leaders on its future on February 12, 2010. In October 2010 George Osborne announced a £200 ...
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Belfast
Belfast ( , ; from ga, Béal Feirste , meaning 'mouth of the sand-bank ford') is the capital and largest city of Northern Ireland, standing on the banks of the River Lagan on the east coast. It is the 12th-largest city in the United Kingdom and the second-largest in Ireland. It had a population of 345,418 . By the early 19th century, Belfast was a major port. It played an important role in the Industrial Revolution in Ireland, briefly becoming the biggest linen-producer in the world, earning it the nickname "Linenopolis". By the time it was granted city status in 1888, it was a major centre of Irish linen production, tobacco-processing and rope-making. Shipbuilding was also a key industry; the Harland and Wolff shipyard, which built the , was the world's largest shipyard. Industrialisation, and the resulting inward migration, made Belfast one of Ireland's biggest cities. Following the partition of Ireland in 1921, Belfast became the seat of government for Northern Ireland ...
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Mutual Society
A mutual organization, or mutual society is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as ''a mutual''. A mutual exists with the purpose of raising funds from its membership or customers (collectively called its ''members''), which can then be used to provide common services to all members of the organization or society. A mutual is therefore owned by, and run for the benefit of, its members – it has no external shareholders to pay in the form of dividends, and as such does not usually seek to maximize and make large profits or capital gains. Mutuals exist for the members to benefit from the services they provide and often do not pay ...
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Presbyterian Church In Ireland
The Presbyterian Church in Ireland (PCI; ga, Eaglais Phreispitéireach in Éirinn; Ulster-Scots: ''Prisbytairin Kirk in Airlann'') is the largest Presbyterian denomination in the Republic of Ireland, and the largest Protestant denomination in Northern Ireland. Like most Christian churches in Ireland, it is organised on an all-island basis, in both Northern Ireland and the Republic of Ireland. The church has approximately 210,000 members. Membership The Church has a membership of approximately 210,000 people in 534 congregations in 403 charges across both Northern Ireland and the Republic of Ireland. About 96% of the membership is in Northern Ireland. It is the second-largest church in Northern Ireland after the Catholic Church, and the second-largest Protestant denomination in the Irish Republic, after the Church of Ireland. All the congregations of the church are represented up to the General Assembly (the church's government). History Presbyterianism in Ireland dates f ...
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The Belfast Telegraph
The ''Belfast Telegraph'' is a daily newspaper published in Belfast, Northern Ireland, by Independent News & Media. Its editor is Eoin Brannigan. Reflecting its unionist tradition, the paper has historically been "favoured by the Protestant population", while also being read within Catholic nationalist communities in Northern Ireland. History It was first published as the ''Belfast Evening Telegraph'' on 1 September 1870 by brothers William and George Baird. Its first edition cost half a penny and ran to four pages covering the Franco-Prussian War and local news. The evening edition of the newspaper was originally called the "Sixth Late", and "Sixth Late Tele" was a familiar cry made by vendors in Belfast city centre in the past. Local editions were published for distribution to Enniskillen, Dundalk, Newry and Derry. Its competitors are ''The News Letter'' and ''The Irish News'', and local editions of London-based red tops also compete in this market, in some cases selling ...
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RTÉ
(RTÉ) (; Irish language, Irish for "Radio & Television of Ireland") is the Public broadcaster, national broadcaster of Republic of Ireland, Ireland headquartered in Dublin. It both produces and broadcasts programmes on RTÉ Television, television, RTÉ Radio, radio and RTÉ.ie, online. The radio service began on 1 January 1926, while regular television broadcasts began on 31 December 1961, making it one of the oldest continuously operating public service broadcasters in the world. RTÉ also publishes a weekly listings and lifestyle magazine, the ''RTÉ Guide''. RTÉ is a statutory body, overseen by a board appointed by the Government of Ireland, with general management in the hands of the RTÉ Executive Board, Executive Board, headed by the Director-General. RTÉ is regulated by the Broadcasting Authority of Ireland. RTÉ is financed by Television licensing in the Republic of Ireland, television licence fee and through advertising, with some of its services funded solely by a ...
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Buy To Let
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A ''buy-to-let'' mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments. History Before the 1980s the number of private individuals who became landlords was very small. Buying a property to rent was seen as the preserve of professional landlords and persons who were sufficiently wealthy to pay cash or having sizable deposits enabling them to obtain commercial-style mortgages. The modern 'buy-to-let' mortgage was not available and the possibility of purchasing property as a means of funding a retirement income did not occur to most people. The infrastructure of loans, advice, and information was not available. The critical change came with the Housing Act of 1988 when the assured shorthold tenancy came into being. This g ...
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Mid Ulster Mail
The ''Mid-Ulster Mail'' is a newspaper based in Cookstown, County Tyrone, Northern Ireland. As well as serving Tyrone, it also covers Magherafelt, County Londonderry. It is published by Johnston Publishing (NI), part of Johnston Press Johnston Press plc was a multimedia company founded in Falkirk, Scotland, in 1767. Its flagship titles included UK-national newspaper the '' i'', ''The Scotsman'', the ''Yorkshire Post'', the ''Falkirk Herald'', and Belfast's ''The News Letter'' ... who own thirty-seven papers across Ireland. Current editor is Peter Bayne and reporters are Patricia Devlin, Stanley Campbell and Gillian Mc Dade. Newspapers published in Northern Ireland Mass media in County Tyrone Newspapers published by Johnston Press {{NorthernIreland-newspaper-stub ...
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Employment And Learning
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endeavor o ...
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Reg Empey
Reginald Norman Morgan Empey, Baron Empey, (born 26 October 1947), best known as Reg Empey, is a Unionist politician from Northern Ireland, who was the leader of the Ulster Unionist Party (UUP) from 2005 to 2010. He was the chairman of the Ulster Unionist Party from 2012 to 2019. Empey was also twice Lord Mayor of Belfast and was a Member of the Northern Ireland Assembly (MLA) for East Belfast from 1998 to 2011. Biography Early life Reg Empey was born in West Belfast on 26 October 1947. His family were retailers, and his uncle was Stormont Ulster Unionist MP Joseph Morgan. Empey attended Hillcrest Preparatory School, Belfast, and The Royal School, Armagh, before graduating with an economics degree from Queen's University of Belfast, where his contemporaries included the future MP Bernadette Devlin. After that he built up a business career, specifically in retailing. His Royal Avenue store, located opposite the British Army barracks, was destroyed in an explosion, and lo ...
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HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ...
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Gordon Brown
James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chancellor of the Exchequer in Tony Blair's Premiership of Tony Blair, government from 1997 to 2007, and was a Member of Parliament (United Kingdom), Member of Parliament (MP) from 1983 to 2015, first for Dunfermline East (UK Parliament constituency), Dunfermline East and later for Kirkcaldy and Cowdenbeath (UK Parliament constituency), Kirkcaldy and Cowdenbeath. He is the most recent Labour politician as well as the most recent Scottish politician to hold the office of prime minister. A Doctor of Philosophy, doctoral graduate, Brown studied history at the University of Edinburgh, where he was elected Rector of the University of Edinburgh, Rector in 1972. He spent his early career working as both a lecturer at a further education college and a t ...
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George Osborne
George Gideon Oliver Osborne (born Gideon Oliver Osborne; 23 May 1971) is a former British politician and newspaper editor who served as Chancellor of the Exchequer from 2010 to 2016 and as First Secretary of State from 2015 to 2016 in the Cameron government. A member of the Conservative Party, he was Member of Parliament (MP) for Tatton from 2001 to 2017. He was editor of the ''Evening Standard'' from 2017 to 2020. The son of the Osborne & Little co-founder and baronet Peter Osborne, Osborne was born in Paddington and educated at Norland Place School, Colet Court and St Paul's School before studying at Magdalen College, Oxford. After working briefly as a freelancer for ''The Daily Telegraph'', he joined the Conservative Research Department in 1994 and became head of its political section. He went on to be a special adviser to Minister of Agriculture, Fisheries and Food Douglas Hogg and work for John Major at 10 Downing Street, including on Major's unsuccessful 1997 gen ...
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