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2012 United Kingdom Budget
The 2012 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012. It was the third budget of the Conservative-Liberal Democrat coalition government that was formed in 2010, and also the third to be delivered by Osborne. Its key points included a rise in the personal tax allowance, a cut in the top rate of income tax and in the rate of corporation tax, and a new level of stamp duty on high-value properties. Key measures Taxes Osborne announced that from April 2013, the annual personal income tax allowance will be raised from £8,105 to £9,205. It was estimated this would make 24 million people better-off by up to £220 per year. The 40% tax band will become applicable for incomes over £41,450 per year (a reduction of £1,025 from £42,475) and the top tax band for high-earners will be reduced to 45% from 50%; Osborne said the 50% rate introduced by the previous Labour government was "damag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of MPs Elected In The 2010 United Kingdom General Election
The 2010 general election took place on 6 May 2010 and saw each of Parliament's 650 constituencies return one Member of Parliament (MP) to the House of Commons. Parliament, which consists of the House of Lords and the elected House of Commons, was convened on 25 May at the Palace of Westminster by Queen Elizabeth II. It was dissolved at the beginning of 30 March 2015, being 25 working days ahead of the 2015 general election on 7 May 2015. The Conservative Party, led by David Cameron, became the single largest party, though without an overall majority. This resulted in a hung parliament. A coalition agreement was then formed following negotiations with the Liberal Democrats and their leader Nick Clegg. John Bercow resumed his role as Speaker of the House of Commons. In September 2010, Ed Miliband won a Labour Party leadership vote to succeed Gordon Brown as permanent Leader of the Opposition. In the House of Lords, Baroness Hayman (formerly a Labour member) resumed her ro ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federation Of Small Businesses
The Federation of Small Businesses (FSB) is a UK business organisation representing small and medium-sized businesses. It was formed in 1974 as the National Federation of Self Employed (NFSE). The current name for the organisation was adopted in 1991. It is registered with Companies House as The National Federation of Self Employed & Small Businesses Limited (company number 1263540). FSB is a member-led, not-for-profit and non-party political organisation. FSB is a lobbying organisation representing small firms and the self-employed to UK, national, local and devolved government. FSB offers its members a range of benefits, such as a 24-hour legal advice line and free business banking. Structure The current National Chair of FSB is Martin McTague who was appointed on 8 March 2022 In 2017 FSB had 184 branches around the UK and these were grouped into 33 regions. Each branch and region has its own committee. In addition, there is a national committee which includes representati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederation Of British Industry
The Confederation of British Industry (CBI) is a UK business organisation, which in total claims to speak for 190,000 businesses, this is made up of around 1,500 direct members and 188,500 non-members. The non members are represented through the 140 trade associations within the confederation, whose separate and individual memberships the CBI claims to also to speak for. Trade Association member companies, are not directly consulted or involved in CBI's policy formulation. The National Farmers' Union with its 55,000 members is the largest component of the 188,500 non-members the CBI claims to speak for. The Country Land and Business association brings another 30,000 non-members, the Association of Independent Professionals and the Self-Employed 20,000 non-members, the Freight Transport Association 13,000, the Federation of Master Builders 9,500, the Road Haulage Association 8,100 and the National Federation of Builders 1,400. Members include companies as well as trade association ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute Of Directors
The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and incorporated by Royal Charter in 1906. The Royal Charter charged the IoD with promoting free enterprise, lobbying government and setting standards for corporate governance. The IoD is located in a Grade I listed building at 116 Pall Mall in London, formerly the United Service Club. Members of the IoD also gain access to co-working spaces around the UK, bespoke market intelligence, tailored tax and legal support, exclusive member-only events along with discounts on IoD professional development courses and events. From a high of 55,000 members in 2005, the IoD currently has just over 20,000 full members, with membership stabilising year on year. Members of the IoD come from companies of all sizes and from all industries. Around 70% are self-emp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deputy Prime Minister Of The United Kingdom
The deputy prime minister of the United Kingdom is a minister of the Crown and a member of the British Cabinet. The office is not always in use, and prime ministers may use other offices, such as First Secretary of State, to indicate the seniority. The office is currently held by Dominic Raab who has served since October 2022 under Rishi Sunak, having previously served as deputy under Boris Johnson. Constitutional position The office of deputy prime minister carries no salary and its holder has no right to automatic succession. One classical argument made against appointing a minister to the office is that it might restrict the monarch's royal prerogative to choose a Prime Minister. However, Rodney Brazier has more recently written that there is a strong constitutional case for every Prime Minister to appoint a Deputy Prime Minister, to ensure an effective temporary transfer of power in most circumstances. Similarly, Vernon Bogdanor has said that that argument holds lit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Clegg
Sir Nicholas William Peter Clegg (born 7 January 1967) is a British media executive and former Deputy Prime Minister of the United Kingdom who has been president for global affairs at Meta Platforms since 2022, having previously been vicepresident of global affairs and communications at Facebook from 2018 to 2022. Before joining Facebook, Clegg served as Deputy Prime Minister of the UK from 2010 to 2015 and as Leader of the Liberal Democrats from 2007 to 2015. He was Member of Parliament (MP) for Sheffield Hallam from 2005 to 2017. An " Orange Book" liberal, he has been associated with both socially liberal and economically liberal policies. Born in Buckinghamshire, Clegg was educated at Westminster School before going on to study at the University of Cambridge, University of Minnesota and College of Europe. He worked as a journalist for the ''Financial Times'' before becoming a Member of the European Parliament (MEP) in 1999. After his election to the House of Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Business, Energy And Industrial Strategy
The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a member of the Cabinet of the United Kingdom. The incumbent Business Secretary is Grant Shapps who was appointed by Rishi Sunak on 25 October 2022. Responsibilities Corresponding to what is generally known as a commerce minister in many other countries, the business secretary's remit includes: * Oversight of science, research and innovation in Britain * Relations with domestic and international business * Policy relating to climate change * Policy relating to deregulation * Policy relating to energy security * Oversight of energy policy and industrial policy History During the government of Sir Alec Douglas-Home, the then President of the Board of Trade Edward Heath was given in addition the job of Secretary of State for Industry, Tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Democrats (UK)
The Liberal Democrats (commonly referred to as the Lib Dems) are a liberal political party in the United Kingdom. Since the 1992 general election, with the exception of the 2015 general election, they have been the third-largest UK political party by the number of votes cast. They have 14 Members of Parliament in the House of Commons, 83 members of the House of Lords, four Members of the Scottish Parliament and one member in the Welsh Senedd. The party has over 2,500 local council seats. The party holds a twice-per-year Liberal Democrat Conference, at which party policy is formulated, with all party members eligible to vote, under a one member, one vote system. The party served as the junior party in a coalition government with the Conservative Party between 2010 and 2015; with Scottish Labour in the Scottish Executive from 1999 to 2007, and with Welsh Labour in the Welsh Government from 2000 to 2003 and from 2016 to 2021. In 1981, an electoral alliance was establ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vince Cable
Sir John Vincent Cable (born 9 May 1943) is a British politician who was Leader of the Liberal Democrats from 2017 to 2019. He was Member of Parliament (MP) for Twickenham from 1997 to 2015 and from 2017 to 2019. He also served in the Cabinet as Secretary of State for Business, Innovation and Skills from 2010 to 2015. Cable studied Economics at Cambridge and Glasgow, before working as an economic adviser to the Government of Kenya in the 1960s, and for the Commonwealth Secretariat in the 1970s and 1980s. During this period, he also lectured in economics at Glasgow. He later served as Chief Economist for Shell in the 1990s. Initially active in the Labour Party, Cable became a Labour councillor in Glasgow in the 1970s, during which time he also served as a special adviser to then- Trade Secretary John Smith. In 1982, however, he defected to the newly formed Social Democratic Party, which later amalgamated with the Liberal Party to form the Liberal Democrats. After standing u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leader Of The Opposition (United Kingdom)
The Leader of His Majesty's Most Loyal Opposition, more commonly referred to as the Leader of the Opposition, is the person who leads the Official Opposition in the United Kingdom. The position is seen as the shadow head of government of the United Kingdom. By convention, the Leader of the Opposition is the leader of the largest political party in the House of Commons that is not in government. When a single party wins outright, this is the party leader of the second-largest political party in the House of Commons. The current Leader of the Opposition is Sir Keir Starmer, the Leader of the Labour Party. Starmer was elected to that position on 4 April 2020. The Leader of the Opposition is often viewed as an alternative or shadow prime minister, and is appointed to the Privy Council. They lead an Official Opposition Shadow Cabinet, which scrutinises the actions of the Cabinet and offers alternative policies. In the nineteenth century, party affiliations were generally less ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ed Miliband
Edward Samuel "Ed" Miliband (born 24 December 1969) is a British politician serving as Shadow Secretary of State for Climate Change and Net Zero since 2021. He has been the Member of Parliament (MP) for Doncaster North since 2005. Miliband was Leader of the Labour Party and Leader of the Opposition between 2010 and 2015, resigning after Labour's defeat at the 2015 general election. Alongside his brother, Foreign Secretary David Miliband, he served in the Cabinet from 2007 to 2010 under Prime Minister Gordon Brown. Miliband was born in the Fitzrovia district of Central London to Polish Jewish immigrants Marion Kozak and Ralph Miliband, a Marxist intellectual and native of Brussels who fled Belgium during World War II. He graduated from Corpus Christi College, Oxford and later from the London School of Economics. Miliband became first a television journalist, then a Labour Party researcher and a visiting scholar at Harvard University, before rising to becom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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