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September 2022 United Kingdom Mini-budget
On 23 September 2022, the Chancellor of the Exchequer, Kwasi Kwarteng, delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons of the United Kingdom. Widely referred to in the media as a mini-budget (not being an official budget statement), it contained a set of economic policies and tax cuts such as bringing forward the planned cut in the basic rate of income tax from 20% to 19%; the abolition of the 45% higher rate of income tax in England, Wales and Northern Ireland; reversing a plan announced in March 2021 to increase corporation tax from 19% to 25% from April 2023; the reversal of the April 2022 increase in National Insurance; and the abolition of the proposed Health and Social Care Levy. Following widespread negative response to the mini-budget, the planned abolition of the 45% tax rate was reversed 10 days later, while plans to cancel an increase in corporation tax were reversed 21 days later. The mini-budget was delivered against the backdrop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of MPs Elected In The 2019 United Kingdom General Election
In the United Kingdom's (UK) 2019 general election, 650 Members of Parliament (MPs) were elected to the House of Commons – one for each parliamentary constituency. The UK Parliament comprises the elected House of Commons, the House of Lords and the Sovereign. The new Parliament first met on 17 December 2019. After the swearing-in of members and the election of Speaker, the State Opening of Parliament took place on 19 December. The 2021 State Opening of Parliament began the second session on 11 May 2021. The 2022 State Opening of Parliament began the third session on 10 May 2022. House of Commons composition The Conservative Party gained a majority of seats in the election. The Scottish National Party increased their number of seats and the Social Democratic and Labour Party and the Alliance Party returned to the House of Commons for the first time since their defeats in the 2017 and 2015 general elections respectively. The Labour Party, Plaid Cymru and Democratic Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frances O'Grady
Frances Lorraine Maria O'Grady, Baroness O'Grady of Upper Holloway (born 9 November 1959) became the General Secretary of the British Trades Union Congress (TUC) in 2013, the first woman to hold the position. After O'Grady presented her resignation in 2022, Paul Nowak was selected to succeed her in January 2023; O'Grady sits as a life peer in the House of Lords. Early life and family O'Grady was born in Oxford, one of five siblings in a family of Irish descent, and was brought up in the Roman Catholic faith. Her father was a shop steward at the Leyland car plant in Cowley. She was educated at Milham Ford School, a grammar school which became comprehensive during her time there. At Manchester University, she earned a BA Hons in politics and modern history. She received a Diploma in Industrial Relations and Trade Union Studies at Middlesex Polytechnic. She has two adult children, whom she raised as a working single parent, and currently lives in London. Career O'Grady worked f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Mail
The ''Daily Mail'' is a British daily middle-market tabloid newspaper and news websitePeter Wilb"Paul Dacre of the Daily Mail: The man who hates liberal Britain", ''New Statesman'', 19 December 2013 (online version: 2 January 2014) published in London. Founded in 1896, it is the United Kingdom's highest-circulated daily newspaper. Its sister paper ''The Mail on Sunday'' was launched in 1982, while Scottish and Irish editions of the daily paper were launched in 1947 and 2006 respectively. Content from the paper appears on the MailOnline website, although the website is managed separately and has its own editor. The paper is owned by the Daily Mail and General Trust. Jonathan Harmsworth, 4th Viscount Rothermere, a great-grandson of one of the original co-founders, is the current chairman and controlling shareholder of the Daily Mail and General Trust, while day-to-day editorial decisions for the newspaper are usually made by a team led by the editor, Ted Verity, who succeede ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
November 2022 United Kingdom Autumn Statement
The November 2022 United Kingdom autumn statement was delivered to the House of Commons on 17 November 2022 by Chancellor of the Exchequer Jeremy Hunt, after being delayed by three weeks from its original scheduled date of 31 October. The budget addressed the ongoing cost of living crisis, and saw the announcement of a five-year package of tax increases and spending cuts designed to steer the UK through recession. An economic forecast published on the same day by the Office for Budget Responsibility (OBR) stated the UK had entered a recession after experiencing two quarters of a shrinking economy, and predicted the UK's economy would shrink during 2023. A reduction in households' disposable income was also forecast. In his statement, Hunt committed to maintaining scheduled public spending plans until 2025, but said that spending would slow after then. He also lowered the threshold at which earners become eligible to pay the top rate of income tax, and announced an increase in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rishi Sunak
Rishi Sunak (; born 12 May 1980) is a British politician who has served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party since October 2022. He previously held two Cabinet of the United Kingdom, cabinet positions under Boris Johnson, lastly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (United Kingdom), Member of Parliament (MP) for Richmond (Yorks) (UK Parliament constituency), Richmond (Yorks) since 2015. Ideologically, Sunak has been described as belonging to the Centrism, centre-ground of the Conservative Party (UK), Conservative Party. Sunak was born in Southampton to parents of Indian descent who migrated to Britain from East Africa in the 1960s. He was educated at Winchester College, studied philosophy, politics and economics at Lincoln College, Oxford, and earned an MBA from Stanford University in California as a Fulbright Program, Fulbright Scholar. During his t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Hunt
Jeremy Richard Streynsham Hunt (born 1 November 1966) is a British politician who has served as Chancellor of the Exchequer since 14 October 2022. He previously served in the Cabinet as Secretary of State for Culture, Olympics, Media and Sport from 2010 to 2012, Secretary of State for Health and Social Care from 2012 to 2018 and Foreign Secretary from 2018 to 2019. A member of the Conservative Party, he has been Member of Parliament (MP) for South West Surrey since 2005. The son of a senior officer in the Royal Navy, Hunt was born in Kennington and studied Philosophy, politics and economics at Magdalen College, Oxford, where he was President of the Oxford University Conservative Association. He was first elected to the House of Commons in 2005 and was promoted to the Shadow Cabinet as Shadow Minister for Disabled People and later as Shadow Secretary of State for Culture, Media and Sport. Hunt served in the Coalition Government as Secretary of State for Culture, Olympics, Med ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington, D
Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. * George Washington (1732–1799), the first president of the United States Washington may also refer to: Places England * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough ** Washington Old Hall, ancestral home of the family of George Washington * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Washington, Wisconsin (other) * Fort Washington (other) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liz Truss
Mary Elizabeth Truss (born 26 July 1975) is a British politician who briefly served as Prime Minister of the United Kingdom and Leader of the Conservative Party from September to October 2022. On her fiftieth day in office, she stepped down amid a government crisis, making her the shortest-serving prime minister in the history of the United Kingdom. Truss previously held various Cabinet positions under prime ministers David Cameron, Theresa May and Boris Johnson, lastly as foreign secretary from 2021 to 2022. She has been Member of Parliament (MP) for South West Norfolk since 2010. Truss attended Merton College, Oxford, and was the president of Oxford University Liberal Democrats. In 1996, she joined the Conservative Party. She worked at Shell and Cable & Wireless, and was the deputy director of the think tank Reform. After two unsuccessful attempts to be elected to the House of Commons, she was elected as the MP for South West Norfolk at the 2010 UK general election. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member Of Parliament (United Kingdom)
In the United Kingdom, a member of Parliament (MP) is an individual elected to serve in the House of Commons of the Parliament of the United Kingdom. Electoral system All 650 members of the UK House of Commons are elected using the first-past-the-post voting system in single member constituencies across the whole of the United Kingdom, where each constituency has its own single representative. Elections All MP positions become simultaneously vacant for elections held on a five-year cycle, or when a snap election is called. The Fixed-term Parliaments Act 2011 set out that ordinary general elections are held on the first Thursday in May, every five years. The Act was repealed in 2022. With approval from Parliament, both the 2017 and 2019 general elections were held earlier than the schedule set by the Act. If a vacancy arises at another time, due to death or resignation, then a constituency vacancy may be filled by a by-election. Under the Representation of the People Act 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
