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National Savings
National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department and an executive agency of HM Treasury. The aim of NS&I has been to attract funds from individual savers in the UK for the purpose of funding the government's deficit. NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, around half of which is from the Premium Bond offering. History Post Office Savings Bank The Post Office Savings Bank (POSB) was founded in 1861 by the Palmerston government following a suggestion by George Chetwynd, a clerk in the Money Order department of the General Post Office. It was the world's first postal savings system. The aim of the bank was to allow or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-ministerial Government Department
Non-ministerial government departments (NMGDs) are a type of Departments of the Government of the United Kingdom, department of the Government of the United Kingdom, United Kingdom government that deal with matters for which direct political oversight has been judged unnecessary or inappropriate. They are typically headed by British Civil Service, senior civil servants. Some fulfil a Regulatory agency, regulatory or inspection function, and their status is therefore intended to protect them from political interference. Some are headed by a permanent office holder, such as a Permanent Secretary or Second Permanent Secretary.Government Departments and Agencies , Government, Citizens and Rights, DirectGov. Overvi ...
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Government Securities
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post Office Savings Bank Act 1966
Post, POST, or posting may refer to: Postal services * Mail, the postal system, especially in Commonwealth of Nations countries **An Post, the Irish national postal service **Canada Post, Canadian postal service **Deutsche Post, German postal service ** Iraqi Post, Iraqi postal service **Russian Post, Russian postal service **Hotel post, a service formerly offered by remote Swiss hotels for the carriage of mail to the nearest official post office **United States Postal Service or USPS ** Parcel post, a postal service for mail that is heavier than ordinary letters Work * Post, a job or occupation Newspaper * '' The Manica Post'' Regional newspaper in Manicaland province, Zimbabwe * '' The Rakyat Post'' Malaysian online daily newspaper * ''Bangkok Post'' English language newspaper in Thailand Architecture and structures * Lamppost, a raised source of light on the edge of a road *Post (structural), timber framing * Post and lintel, a building system * Scratch post * Steel f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Acts Of The Parliament Of The United Kingdom From 1971
Public general acts {{legislationuk, act , - , {{, Consolidated Fund Act 1971, public, 1, 17-02-1971, repealed=y, An Act to apply certain sums out of the Consolidated Fund to the service of the years ending on 31st March 1971 and 1972., note4={{br{{small, (Repealed by Appropriation (No. 2) Act 1974 (c. 31)) , - , {{, Teaching Council (Scotland) Act 1971, public, 2, 17-02-1971, maintained=y, repealed=y, An Act to enable the Secretary of State by regulations to secure the payment of fees to the General Teaching Council for Scotland for the renewal of registrations in pursuance of section 6 of the Teaching Council (Scotland) Act 1965,{{efn, Teaching Council (Scotland) Act 1965 (c. 19) by way of deduction from the salaries of persons employed by education authorities and managers of educational establishments; and for purposes connected therewith., note4={{br{{small, (Repealed by Public Services Reform (General Teaching Council for Scotland) Order 2011 (SI 2011/215)) , - , {{, Gua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premium Bonds
Premium Bonds is a lottery bond scheme organised by the United Kingdom government since 1956. At present it is managed by the government's National Savings and Investments agency. The principle behind Premium Bonds is that rather than the stake being gambled, as in a usual lottery, it is the interest on the bonds that is distributed by a lottery. The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are selected randomly. The machine that generates the numbers is called ERNIE, an acronym for "Electronic Random Number Indicator Equipment". Prizes range from £25 to £1,000,000 and (since December 2024) the odds of a £1 bond winning a prize in a given month are 22,000 to 1. Investors can buy bonds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Front (World War I)
The Western Front was one of the main Theatre (warfare), theatres of war during World War I. Following the outbreak of war in August 1914, the Imperial German Army, German Army opened the Western Front by German invasion of Belgium (1914), invading Luxembourg and Belgium, then gaining military control of important industrial regions in Third Republic of France, France. The German advance was halted with the First Battle of the Marne, Battle of the Marne. Following the Race to the Sea, both sides dug in along a meandering line of fortified trench warfare, trenches, stretching from the North Sea to the Swiss frontier with France, the position of which changed little except during early 1917 and again in 1918. Between 1915 and 1917 there were several offensives along this Front (military), front. The attacks employed massive artillery bombardments and massed infantry advances. Entrenchments, machine gun emplacements, barbed wire, and artillery repeatedly inflicted severe casualties ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Field Post Office
A field post office (FPO) is a post office set up during time of war or when a military unit is on manoeuvres. It is a place to which mail intended for military units in the field is sent to be sorted and forwarded. It is set up "in the field", hence the name, however, FPOs may be on land or at sea. Their use pre-dates the introduction of postage stamps. History The first British FPO was in 1808 during the Peninsular War and in 1840 the British Army used a FPO during the first Chinese War. FPOs were also used extensively during the Crimean War. Military post offices abroad strive to provide the same services found in their home country. Facilities are often cramped because of the amount of mail they need to handle. Today, military personnel who handle mail must be authorized and trained to do so in accordance with Postal Service and Department of Defense regulations (US). Working in a war zone and screening for hazardous contents in parcels can be dangerous, but the work does ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A Village Saves- National Savings In Lewknor, Oxfordshire, England, 1941 D3677
A, or a, is the first letter and the first vowel letter of the Latin alphabet, used in the modern English alphabet, and others worldwide. Its name in English is '' a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version is often written in one of two forms: the double-storey and single-storey . The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English, '' a'' is the indefinite article, with the alternative form ''an''. Name In English, the name of the letter is the ''long A'' sound, pronounced . Its name in most other languages matches the letter's pronunciation in open syllables. History The earliest known ancestor of A is ''aleph''—the first letter of the Phoenician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Stamps
A savings stamp is a stamp issued by a government or other body to enable small amounts of money to be saved over time to accumulate a larger capital sum. The funds accumulated may then be used to make a larger purchase such as taking out a savings bond or to pay a large upcoming bill. Often issued in conjunction with post-office-run savings banks, savings stamps have also been issued by private companies. Supermarkets have issued the stamps to enable the spreading of large bills, package holiday companies have used them to enable customers to save for an annual holiday, and utilities companies have used the stamps to enable customers to spread the cost of their bills. Savings stamps are not to be confused with trading stamps which provide a discount on goods purchased as part of a customer loyalty program. In philately, savings stamps are regarded as a form of Cinderella stamp. In the United Kingdom From 1880 ordinary penny postage stamps were used to save up one shilling (1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Fawcett
Henry Fawcett (26 August 1833 – 6 November 1884) was a British academic, politician, statesman and economist. Background and education Henry Fawcett was born in Salisbury where his father was a gentleman farmer. He was educated at the Agricultural College, Queenwood College, Queenwood, at King's College School and the University of Cambridge: entering Peterhouse, Cambridge, Peterhouse in 1852, he migrated to Trinity Hall, Cambridge, Trinity Hall the following year, and became a fellow there in 1856, the year he graduated BA as 7th Wrangler (University of Cambridge), Wrangler. In September 1858, when he was 25, he was Blindness, blinded in a shooting accident. Despite his blindness, he continued with his studies, especially in economics. He was able to enter Lincoln's Inn, but decided against a career as a barrister and took his name off their books in 1860. He became a student of John Stuart Mill and wrote a Manual of Political Economy in 1863. Academic career Two ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postmaster General Of The United Kingdom
Postmaster General of the United Kingdom was a Cabinet of the United Kingdom, Cabinet Minister of the Crown, ministerial position in Her Majesty's Government, HM Government. Aside from maintaining mail, the postal system, the Telegraph Act 1868 established the Postmaster General's right to exclusively maintain electric Telegraphy, telegraphs. This would subsequently extend to telecommunications and broadcasting. The office was abolished in 1969 by the Post Office Act 1969. A replacement Statutory corporation, public corporation, governed by a chairman, was established under the name of the Royal Mail, Post Office (later subsumed by Royal Mail Group). The cabinet position of Postmaster General was replaced by a Minister of Posts and Telecommunications, with reduced powers, until 1974; most regulatory functions have now been delegated to the Secretary of State for Culture, Media and Sport, although Royal Mail Group was overseen by the Secretary of State for Business, Energy and In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
