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Spending Review
A spending review, or occasionally a comprehensive spending review, is a governmental process in the United Kingdom carried out by HM Treasury to set firm expenditure limits and, through public service agreements, define the key improvements that the public can expect from these resources. Spending reviews typically focus upon one or several aspects of public spending while comprehensive spending reviews focus upon each government department's spending requirements from a zero base (i.e. without reference to past plans or, initially, current expenditure). The latter are named after the year in which they are announced – thus ''CSR07'' (completed in October 2007) applies to financial years 2008–2011. Other developed countries have similar review processes, e.g. Canada, New Zealand, The Netherlands, Italy, Ireland, and France. France conducted its first comprehensive spending review (called in French "''la Révision Générale des Politiques Publiques''") in 2008. The Netherland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...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] |
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] |
Devolution In The United Kingdom
In the United Kingdom, devolution is the Parliament of the United Kingdom's statutory granting of a greater level of self-government to the Scottish Parliament, the Senedd (Welsh Parliament), the Northern Ireland Assembly and the London Assembly and to their associated executive bodies the Scottish Government, the Welsh Government, the Northern Ireland Executive and in England, the Greater London Authority and combined authorities. Devolution differs from federalism in that the devolved powers of the subnational authority ultimately reside in central government, thus the state remains, ''de jure'', a unitary state. Legislation creating devolved parliaments or assemblies can be repealed or amended by parliament in the same way as any statute. Legislation passed following the EU membership referendum, including the United Kingdom Internal Market Act 2020, has undermined and restricted the authority of the devolved legislatures in both Scotland and Wales. Irish home rule ... [...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] |
Spring Statement
The Spring Statement of the British Government, also known as the "mini-budget", is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the second taking place the previous year as the Autumn Budget. At 2016's autumn statement, it was announced the budget would move to the autumn, with a spring statement taking place the following year. Both usually involve speeches in the House of Commons by the Chancellor of the Exchequer. The Spring Statement for 2019 took place in March 2019. In 2020 the spring statement was upgraded to a full budget following cancellation of autumn 2019's budget. and additional statements were made in summer and autumn 2020. In 2021 the spring statement was also replaced by a full budget. History The duty to publish two annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976. The first Autumn Statement combined the announcement of this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Health Service
The National Health Service (NHS) is the umbrella term for the publicly funded healthcare systems of the United Kingdom (UK). Since 1948, they have been funded out of general taxation. There are three systems which are referred to using the "NHS" name ( NHS England, NHS Scotland and NHS Wales). Health and Social Care in Northern Ireland was created separately and is often locally referred to as "the NHS". The four systems were established in 1948 as part of major social reforms following the Second World War. The founding principles were that services should be comprehensive, universal and free at the point of delivery—a health service based on clinical need, not ability to pay. Each service provides a comprehensive range of health services, free at the point of use for people ordinarily resident in the United Kingdom apart from dental treatment and optical care. In England, NHS patients have to pay prescription charges; some, such as those aged over 60 and certain state ben ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office For Budget Responsibility
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009) and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world. Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020. Functions The UK government created the OBR in 2010 with the goal of offering independent and authoritative analysis of the UK's public finances. To that end it produces two 5-year-ahead forecasts for the economy and the public finances each year, alongside the Budget and Spring Statements. In it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC Monitoring
BBC Monitoring (BBCM) is a division of the British Broadcasting Corporation which monitors, and reports on, mass media worldwide using open-source intelligence. Based at New Broadcasting House, the BBC's headquarters in central London, it has overseas bureaux in Cairo, Delhi, Istanbul, Jerusalem, Kyiv, Miami, Nairobi, Ramallah, Tashkent and Tbilisi. A signals-receiving station for BBC Monitoring is at Crowsley Park in South Oxfordshire, close to BBCM's former (1943–2018) headquarters at Caversham Park. The service's first home (1939–1943) was at Wood Norton Hall in Worcestershire. BBC Monitoring selects and translates information from radio, television, the press, news agencies and online outlets from 150 countries in up to 100 languages. Reporting produced by the service is used by the government of the United Kingdom and commercial customers such as Oxford Analytica, the Bureau of Investigative Journalism and Liverpool John Moores University. The BBC announced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC World Service
The BBC World Service is an international broadcasting, international broadcaster owned and operated by the BBC, with funding from the Government of the United Kingdom, British Government through the Foreign Secretary, Foreign Secretary's office. It is the world's largest external broadcaster in terms of reception area, language selection and audience reach. It broadcasts radio news, speech and discussions in more than 40 languages to many parts of the world on Analogue signal, analogue and Shortwave listening, digital shortwave platforms, internet streaming, podcasting, Satellite radio, satellite, Digital Audio Broadcasting, DAB, FM broadcasting, FM and Medium wave, MW relays. In 2015, the World Service reached an average of 210 million people a week (via TV, radio and online). In November 2016, the BBC announced that it would start broadcasting in additional languages including Amharic and Igbo language, Igbo, in its biggest expansion since the 1940s. "BBC World Servic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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