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Transport Act 1947
The Transport Act 1947 (10 & 11 Geo. 6 c. 49) was an Act of the Parliament of the United Kingdom. Under the terms of the Act, the railway network, long-distance road haulage and various other types of transport were nationalised and came under the administration of the British Transport Commission. The BTC was responsible to the Ministry of Transport for general transport policy, which it exercised principally through financial control of a number of executives set up to manage specified sections of the industry under schemes of delegation. Overview The Act was part of the nationalisation agenda of Clement Attlee's Labour government, and took effect from 1 January 1948. In Northern Ireland, the Ulster Transport Authority acted in a similar manner. The government also nationalised other means of transport such as: canals, sea and shipping ports, bus companies, and eventually, in the face of much opposition, road haulage. All of these transport modes, including British Railwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Act 1962
The Transport Act 1962 is an Act of the Parliament of the United Kingdom. Described as the "most momentous piece of legislation in the field of railway law to have been enacted since the Railway and Canal Traffic Act 1854", it was passed by Harold Macmillan's Conservative government to dissolve the British Transport Commission (BTC), which had been established by Clement Attlee's Labour government in 1947 to oversee railways, canals and road freight transport. The Act established the British Railways Board, which took over the BTC's railway responsibilities from 1 January 1963 until the passing of the Railways Act 1993. The Act put in place measures that enabled the closure of around a third of British railways the following year as a result of the Beeching report, as the Act simplified the process of closing railways removing the need for pros and cons of each case to be heard in detail. Historical context By the end of 1960, British Railways had accumulated a deficit of some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1951 United Kingdom General Election
The 1951 United Kingdom general election was held twenty months after the 1950 general election, which the Labour Party had won with a slim majority of just five seats. The Labour government called a snap election for Thursday 25 October 1951 in the hope of increasing its parliamentary majority. However, despite winning the popular vote and achieving both the highest-ever total vote (until it was surpassed by the Conservative Party in 1992 and again in 2019) and highest percentage vote share, Labour won fewer seats than the Conservative Party. This was mainly due to the collapse of the Liberal vote, which enabled the Conservatives to win seats by default. The election marked the return of Winston Churchill as Prime Minister, and the beginning of Labour's thirteen-year spell in opposition. This was the third and final general election to be held during the reign of King George VI, for he died the following year on 6 February and was succeeded by his daughter, Elizabeth II. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Region Of British Railways
The Southern Region was a region of British Railways from 1948 until 1992 when railways were re-privatised. The region ceased to be an operating unit in its own right in the 1980s. The region covered south London, southern England and the south coast, including the busy commuter belt areas of Kent, Sussex and Surrey. The region was largely based upon the former Southern Railway area. The Region The Southern Railway was still comparatively profit-making despite World War II, thanks to its extensive third rail DC electrification and the intensive service patterns this allowed for. However, large-scale investment was required in the infrastructure of all of the "Big 4" companies, including the Southern. The Transport Act 1947 provided for the nationalisation of all heavy rail systems in the UK to allow for this investment and, in theory, to improve the rights of railway workers. The railway companies were amalgamated into British Railways, part of the British Transport Comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish Region Of British Railways
The Scottish Region (ScR) was one of the six regions created on British Railways (BR) and consisted of ex-London, Midland and Scottish Railway (LMS) and ex-London and North Eastern Railway (LNER) lines in Scotland. It existed from the creation of BR in 1948, and was renamed to ScotRail in the mid-1980s (see separate entity for details). History World War II had seriously disrupted Scotland's railways due to the LMS and LNER rolling stock in Scotland being transferred to the major cities in Northern England in order to replace what had been destroyed by German air-raids. At the time, the Government believed that only state intervention could provide the necessary re-supplying of rolling stock and save several unprofitable routes from closure. Following the election of the Labour government in 1945, the railways were nationalised on 1 January 1948 under the terms of the Transport Act 1947. Through the creation of the Scottish Region of British Railways, all Scotland's railways ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Eastern Region Of British Railways
The North Eastern Region was a region of British Railways from 1948, whose operating area could be identified by the orange signs and colour schemes that adorned its stations and other railway buildings. It was merged with the Eastern Region in 1967. It was the near direct post-nationalisation descendant of the North Eastern Railway, that had merged with some other companies to form the LNER in 1923. In 1958 in a major re-drawing of the region boundaries it gained those former LMS lines that lay in the present-day West and North Yorkshire. In 1967 it was disbanded and merged with the Eastern Region. The Network The region's trunk routes comprised several important lines. Principal among these was the northernmost portion of the East Coast Main Line in England which ran northwards from Doncaster to Marshall Meadows Bay at the Scottish Border where the route became the responsibility of the Scottish Region. The eastern section of the Trans-Pennine route, Hull to Leeds, also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Midland Region Of British Railways
The London Midland Region (LMR) was one of the six regions created on the formation of the nationalised British Railways (BR), and initially consisted of ex-London, Midland and Scottish Railway (LMS) lines in England, Wales and Northern Ireland. The region was managed first from buildings adjacent to Euston station, and later from Stanier House in Birmingham. It existed from the creation of BR in 1948, ceased to be an operating unit in its own right in the 1980s, and was wound up at the end of 1992. Territory At its inception, the LMR's territory consisted of ex-LMS lines in England and Wales. The Mersey Railway, which had avoided being "Grouped" with the LMS in 1923, also joined the LMR. The LMR's territory principally consisted of the West Coast Main Line (WCML), the Midland Main Line (MML) south of Carlisle, and the ex-Midland Cross Country route from Bristol to Leeds. During the LMR's existence there were a number of transfers of territory to and from other regions. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Region Of British Railways
The Eastern Region was a region of British Railways from 1948, whose operating area could be identified from the dark blue signs and colour schemes that adorned its station and other railway buildings. Together with the North Eastern Region (which it absorbed in 1967), it covered most lines of the former London and North Eastern Railway, except in Scotland. By 1988 the Eastern Region had been divided again into the Eastern Region and the new Anglia Region, with the boundary points being between and , and between and . The region ceased to be an operating unit in its own right in the 1980s and was wound up at the end of 1992. History The region was formed in at nationalisation in 1948, mostly out of the former Great Northern, Great Eastern and Great Central lines that were merged into the LNER in 1923. Of all the "Big Four" pre-nationalisation railway companies, the LNER was most in need of significant investment. In the immediate post-war period there was a need to rebuild ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilts
Gilt-edged securities are bonds issued by the UK Government. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge. Hence, they are known as gilt-edged securities, or gilts for short. In 2002, the data collected by the British Office for National Statistics revealed that about two-thirds of all UK gilts are held by insurance companies and pension funds. Since 2009 large quantities of gilts have been created and repurchased by the Bank of England under its policy of quantitative easing, and in recent years overseas investors have also been attracted to gilts by their "safe haven" status. Nomenclature In his 2019 book about the gilt market from 1928 to 1972, William A. Allen described gilt-edged securities as "long‐duration liabilities of the UK government" that were traded on the London Stock Exchange Today, the term "gilt-edged security" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Counties Committee
The Northern Counties Committee (NCC) was a railway that served the north-east of Ireland. It was built to Irish gauge () but later acquired a number of narrow gauge lines. It had its origins in the Belfast and Ballymena Railway that opened to traffic on 11 April 1848. The NCC itself was formed on 1 July 1903 as the result of the Midland Railway of England taking over the Belfast and Northern Counties Railway (BNCR), which the Belfast and Ballymena Railway had become. At the 1923 Grouping of British railway companies, the Committee became part of the London Midland & Scottish Railway (LMS). After the nationalisation of Britain's railways in 1948 the NCC was briefly part of the British Transport Commission, which sold it to the Ulster Transport Authority (UTA) in 1949. The BNCR and its successors recognised the potential value of tourism and were influential in its development throughout Northern Ireland. They were able to develop and exploit the advantages of the Larne � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Act 1948
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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