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Vehicle Scrappage Scheme
The vehicle scrappage scheme (also vehicle discount scheme and car scrappage scheme) is a government incentive scheme that was introduced in the 2009 United Kingdom Budget to encourage British motorists to purchase a new, more environmentally-friendly car or van and scrap an older, more polluting one that they have owned for more than twelve months. The scheme was extended in September 2009 and again in February 2010 and it finished at the end of March 2010. In February 2010, a separate Plug-in Car Grant to provide £5,000 towards the cost of electric vehicles was announced and it began in January 2011. Overview The initial scheme, costing the British Government £300,000,000 was introduced in 2009 to support the replacement of 300,000 cars purchased. The Government agreed to provide a £1,000 payment towards the purchase of a new car ordered from participating manufacturers after 23 April 2009 and first registered on or after 16 May 2009. to UK residents who also scrap a ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Incentive
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geoff Hoon
Geoffrey William Hoon (born 6 December 1953) is a British Labour Party politician who served as the Member of Parliament (MP) for Ashfield in Nottinghamshire from 1992 to 2010. He is a former Defence Secretary, Transport Secretary, Leader of the House of Commons and Government Chief Whip. He had previously been a Member of the European Parliament (MEP) for Derbyshire from 1984 to 1994. Early life Hoon was born in Derby, England, and is the son of railwayman Ernest Hoon and June Collett. He was educated at Nottingham High School, an independent school. He then read law at Jesus College, Cambridge from which he graduated in 1976. He was a lecturer in the Faculty of Law at the University of Leeds from 1976 to 1982 and was a sub-warden at Devonshire Hall. He was called to the Bar at Gray's Inn in 1978, and was also a visiting Law Professor at the University of Louisville, Kentucky, from 1979 to 1980. In 1982, Hoon became a practising barrister in Nottingham. Member of Parliamen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recycling In The United Kingdom
In 2015, 43.5% of the United Kingdom's municipal waste was recycled, composted or broken down by anaerobic digestion. The majority of recycling undertaken in the United Kingdom is done by statutory authorities, although commercial and industrial waste is chiefly processed by private companies. Local Authority, Local Authorities are responsible for the waste collection, collection of municipal waste and operate contracts which are usually kerbside collection schemes. The Household Waste Recycling Act 2003 required local authorities in England to provide every household with a separate collection of at least two types of recyclable materials by 2010. Recycling policy is devolved to the administrations of Scotland, Northern Ireland and Wales who set their own targets, but all statistics are reported to Eurostat. Incentives Local Authorities are given incentives towards meeting recycling targets set by European Union, European, national and regional Government by the imposition of fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrappage Program
A scrappage program is a government budget programme to promote the replacement of old vehicles with modern vehicles. Scrappage programmes generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries have introduced large-scale scrappage programmes as an economic stimulus to increase market demand in the industrial sector during the global recession that began in 2008. Scrappage programmes were touted with different names, mostly referring to an environmental benefit. The Vehicle Efficiency Incentive in Canada was based on fuel efficiency of cars. In Romania, this program was called "Rabla" (the wreck), and was launched by Dacia in 2000. In Germany, the economic stimulus program was called "Umweltprämie" (''environmental premium'') and in Austria "Ökoprämie" (''eco-premium'') while most of the public referred to it simply as "Abwrackprämie" (''scrappage premium''). Other countries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parable Of The Broken Window
The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay " That Which We See and That Which We Do Not See" ("") to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society. The parable seeks to show how opportunity costs, as well as the law of unintended consequences, affect economic activity in ways that are unseen or ignored. The belief that destruction is good for the economy is consequently known as the broken window fallacy or glazier's fallacy. Parable Bastiat's original parable of the broken window from "Ce qu'on voit et ce qu'on ne voit pas" (1850): Interpretations and evidence Bastiat's argument Suppose it was discovered that the little boy was actually hired by the glazier, and paid a franc for every window he broke. Suddenly the same act would be regarded as theft: the glazier was breaking windows to force people to hire his services. Yet the facts observed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash For Clunkers
The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel-efficient vehicle when trading in a less fuel-efficient vehicle. The program was promoted as a post-recession stimulus program to boost auto sales while putting more fuel-efficient vehicles on the roadways. The program officially started on July 1, 2009, processing of claims began July 24, and the program ended on August 24, 2009, as the appropriated funds were exhausted. The deadline for dealers to submit applications was August 25. According to estimates of the Department of Transportation, the initial $1 billion appropriated for the system was exhausted by July 30, 2009, well before the anticipated end date of November 1, 2009, due to very high demand. In response, Congress approved an additional $2 billion. Legislative history Economist Alan Blinder hel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brighton
Brighton () is a seaside resort and one of the two main areas of the City of Brighton and Hove in the county of East Sussex, England. It is located south of London. Archaeological evidence of settlement in the area dates back to the Bronze Age, Roman and Anglo-Saxon periods. The ancient settlement of "Brighthelmstone" was documented in the ''Domesday Book'' (1086). The town's importance grew in the Middle Ages as the Old Town developed, but it languished in the early modern period, affected by foreign attacks, storms, a suffering economy and a declining population. Brighton began to attract more visitors following improved road transport to London and becoming a boarding point for boats travelling to France. The town also developed in popularity as a health resort for sea bathing as a purported cure for illnesses. In the Georgian era, Brighton developed as a highly fashionable seaside resort, encouraged by the patronage of the Prince Regent, later King George IV, who spent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party is a political party in the United Kingdom that has been described as an alliance of social democrats, democratic socialists and trade unionists. The Labour Party sits on the centre-left of the political spectrum. In all general elections since 1922, Labour has been either the governing party or the Official Opposition. There have been six Labour prime ministers and thirteen Labour ministries. The party holds the annual Labour Party Conference, at which party policy is formulated. The party was founded in 1900, having grown out of the trade union movement and socialist parties of the 19th century. It overtook the Liberal Party to become the main opposition to the Conservative Party in the early 1920s, forming two minority governments under Ramsay MacDonald in the 1920s and early 1930s. Labour served in the wartime coalition of 1940–1945, after which Clement Attlee's Labour government established the National Health Service and expanded the welfa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unite The Union
Unite the Union, commonly known as Unite, is a British and Irish trade union which was formed on 1 May 2007 by the merger of Amicus and the Transport and General Workers' Union (TGWU). Unite is the second largest trade union in the UK (after Unison), with over 1.2 million members across construction, manufacturing, transport, logistics, and other sectors. The general secretary of Unite is Sharon Graham, who was elected on 25 August 2021 with 46,696 votes (approx 3% of Unite's claimed membership) on a turnout of 124,127 (approx 9% of claimed membership), with her term beginning on 26 August 2021. History Merger and early years (2007–2010) Unite the Union was formed on 1 May 2007 by the merger of Amicus, a general private sector union, and the Transport and General Workers' Union (TGWU). The general secretaries of the previous unions, Derek Simpson and Tony Woodley respectively, served as joint general secretaries of the new union. The executive councils of the predeces ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineering Employers' Federation
Make UK, formerly the Engineering Employers' Federation, represents manufacturers in the United Kingdom. Purpose Make UK provides businesses with advice, guidance and support in employment law, employee relations, health, safety, climate and environment, information and research and occupational health Occupational safety and health (OSH), also commonly referred to as occupational health and safety (OHS), occupational health, or occupational safety, is a multidisciplinary field concerned with the safety, health, and welfare of people at wor .... Through offices in London and Brussels, Make UK provides political representation on behalf of UK business in the engineering, manufacturing and technology-based sectors: lobbying government, MPs, regional development agencies, MEPs and European institutions. History EEF was formed in 1896 as the Engineering Employers' Federation and merged in 1918 with the National Employers' Federation. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Mandelson
Peter Benjamin Mandelson, Baron Mandelson (born 21 October 1953) is a British Labour Party politician who served as First Secretary of State from 2009 to 2010. He was President of the Board of Trade in 1998 and from 2008 to 2010. He is the president of international think tank Policy Network, honorary president of the Great Britain–China Centre, and chairman of strategic advisory firm Global Counsel. Mandelson is often referred to as a Blairite. From 1985 to 1990, Mandelson served as Labour's Director of Communications. He was one of the first to whom the term " spin doctor" was applied and gained the nickname "the Prince of Darkness" because of his "ruthlessness" and "media savvy". He served as Member of Parliament (MP) for Hartlepool from 1992 to 2004 and held a number of Cabinet positions under Prime Ministers Tony Blair and Gordon Brown. He was the European Commissioner for Trade between 2004 and 2008. Mandelson was one of several key people responsible for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2009 United Kingdom Budget
The 2009 United Kingdom Budget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of Commons on 22 April 2009. It introduced new tax, spending and debt rises in a financial environment of rising unemployment and recession. Details To stimulate the motor industry, a £2,000 scrappage allowance was announced for a car more than 10 years old, if it is traded in for a new car and if it has been in the car buyer's ownership for the previous 12 months. £1,000 of this is to be provided by the government, and £1,000 by a motor manufacturer. The scheme started about mid-May 2009 and was planned to finish at the end of February 2010; however, before it was due to end, it was extended by one month, to the end of March 2010. For high earners, a 50% tax band was announced for earners of over £150,000 per year to start in April 2010, and tax relief on pension contributions was reduced progressively from 40% to 20% for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
