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Chancellorship Of Rishi Sunak
Rishi Sunak served as Chancellor of the Exchequer of the United Kingdom from his appointment on 13 February 2020 to his resignation on 5 July 2022. As chancellor, Sunak was best known for being a prominent figure in the British government response to the COVID-19 pandemic in the United Kingdom, giving economic support to struggling businesses amid the early stages of the pandemic. He was also involved in the government's response to the cost of living crisis, UK energy supply crisis, and global energy crisis. Sunak was appointed chancellor by Prime Minister Boris Johnson in the 2020 cabinet reshuffle, succeeding Sajid Javid, who had resigned as chancellor after refusing a demand from Johnson and his chief adviser Dominic Cummings that he dismiss his advisers. Sunak was prominent in the government's financial response to the COVID-19 pandemic and its economic impact, including the Coronavirus Job Retention and Eat Out to Help Out schemes, and a furlough scheme for emplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party. It is the current governing party, having won the 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the centre-right of the political spectrum, and encompasses various ideological factions including one-nation conservatives, Thatcherites, and traditionalist conservatives. The party currently has 356 Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Welsh Parliament, 2 directly elected mayors, 30 police and crime commissioners, and around 6,683 local councillors. It holds the annual Conservative Party Conference. The Conservative Party was founded in 1834 from the Tory Party and was one of two dominant political pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Penalty Notice
In the United Kingdom, a fixed penalty notice (FPN) is a notice giving an individual the opportunity to be made immune from prosecution for an alleged criminal offence in exchange for a fee. Fixed penalty notices were introduced in Britain in the 1980s to deal with minor parking offences. Originally used by police and traffic wardens, their use has extended to other public officials and authorities, as has the range of offences for which they can be used. In recent years, this has taken the form of using them to give police and public authorities in England, Scotland and Wales a realistic weapon against anti-social behaviour. They are designed to reduce paperwork on police and council officers by allowing low-level anti-social behaviour to be dealt with on the spot. Newer types of notice exist for disorder, environmental crime, truancy and noise. A fixed penalty notice is not a fine or criminal conviction because of the distinction that the recipient can opt for the matter to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partygate
Partygate was a political scandal in the United Kingdom about parties and other gatherings of government and Conservative Party staff held during the COVID-19 pandemic in 2020 and 2021, when public health restrictions prohibited most gatherings. While several lockdowns in the country were in place, gatherings took place at 10 Downing Street, its garden, and other government buildings. Reports of events attracted media attention, public backlash and political controversy. In late January 2022, twelve gatherings came under investigation by the Metropolitan Police, including at least three attended by Boris Johnson, the then-Prime Minister. The police issued 126 fixed penalty notices (FPNs) to 83 individuals whom the police found had committed offences under COVID-19 regulations, including one each to Johnson, his wife Carrie, and Rishi Sunak, the Chancellor of the Exchequer, who all apologised and paid the penalties. The first reporting was on 30 November 2021 by the ''Dai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Windfall Tax (United Kingdom)
Windfall taxes have been applied on several occasions since 1997 by United Kingdom governments, in response to company profits that were considered to be excessive or unexpected. 1997 Taxes on privatised utilities The Labour government of Tony Blair in 1997 introduced a windfall tax on what were described as "the excess profits of the privatised utilities". It followed from their manifesto commitment made during the 1997 general election campaign to impose a "windfall levy" on the privatised utilities. The tax came after 18 years of Conservative government, which had seen the privatisation of many state-owned assets, at prices which many considered too low. It aimed to "put right the bad deal which customers and taxpayers got from the privatisation of the utilities". The tax produced an estimated one-off income to the government of £5 billion, which was used to fund the New Deal, a welfare-to-work program that sought to tackle long-term unemployment, as well as providing capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, loss of smell, and loss of taste. Symptoms may begin one to fourteen days after exposure to the virus. At least a third of people who are infected do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure, shock, or multiorgan dysfunction). Older people are at a higher risk of developing se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 2020 United Kingdom Winter Economy Plan
The Winter Economy Plan was a statement from the British Government, or mini-budget statement, delivered on 24 September 2020 by Rishi Sunak, the Chancellor of the Exchequer. It succeeded the summer statement held earlier in the year, and was a partial replacement to the cancelled budget scheduled for the Autumn. The purpose of the statement was to announce measures aimed at further helping to promote economic recovery following the impact of the COVID-19 pandemic. The statement was delivered to the House of Commons. The plan aimed to further promote economic recovery while preserving jobs and businesses which were considered viable. Background Rishi Sunak delivered his first budget as Chancellor in March 2020, as the COVID-19 pandemic was in its early stages in the UK. The country went into lockdown, requiring all but essential services to close. The government announced a series of measures to protect companies, and the jobs of employees whose firms were required to close ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
July 2020 United Kingdom Summer Statement
The July 2020 United Kingdom summer statement (also known as the coronavirus mini-budget) was a statement from the British Government, or mini-budget statement, delivered on 8 July 2020 by Rishi Sunak, the Chancellor of the Exchequer. It followed the budget delivered earlier in the year, and preceded the Winter Economy Plan. The purpose of the statement was to announce measures aimed at helping to promote economic recovery following the impact of the COVID-19 pandemic. The statement was delivered to the House of Commons, where Sunak unveiled a spending package worth £30bn. Concerns were subsequently raised by organisations including HM Revenue and Customs and the Institute for Fiscal Studies about the statement's impact, as well as its cost-effectiveness, while at least one major retailer declined to take advantage of a financial bonus scheme intended for rehiring employees placed on furlough during the pandemic. Background Sunak delivered his first budget as Chancellor in Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
October 2021 United Kingdom Budget
The October 2021 United Kingdom budget, officially known as the Autumn Budget and Spending Review 2021. A Stronger Economy for the British People, was a budget statement made by Chancellor of the Exchequer Rishi Sunak on 27 October 2021. It was the third and final consecutive budget delivered by Chancellor Rishi Sunak, before his resignation in July 2022. Many of the announcements to be made in the budget were previewed before budget day, drawing criticism and anger from the House of Commons. In response to the criticism, Sunak said the budget "begins the work of preparing for a new economy". Key issues BBC News reported six key issues expected to be addressed in the budget: * Value-added tax on energy bills for the crises in fuel supply and natural gas suppliers * Alcohol tax * Capital gains tax * Student loans * Minimum wage rise * Pension rate allowance Other issues include regional transport, High Speed 2 and the Northern Powerhouse. Changes announced The budget ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
March 2021 United Kingdom Budget
The March 2021 United Kingdom budget, officially known as Protecting the Jobs and Livelihoods of the British People was a budget delivered by Rishi Sunak, the Chancellor of the Exchequer in March 2021. It was expected to be delivered in Autumn 2020, but was postponed because of the COVID-19 pandemic. It succeeds the budget held in March 2020, and the summer statement and Winter Economy Plan held in summer and autumn 2020, respectively. The budget is the second under Boris Johnson's government, also the second to be delivered by Sunak and the second since Britain's withdrawal from the European Union. The budget was the first for government expenditure in the United Kingdom to exceed £1 trillion. It was confirmed on the previous day that the Coronavirus Job Retention Scheme and the Self Employment Income Support Scheme had been extended to 30 September 2021. Key measures In his budget speech, Rishi Sunak emphasized the effect the COVID-19 pandemic has had on the economy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2020 United Kingdom Budget
The 2020 United Kingdom budget, officially known as Budget 2020: Delivering on Our Promises to the British People, was a budget delivered by Rishi Sunak, Chancellor of the Exchequer, to the House of Commons on Wednesday 11 March 2020. It was Sunak's first budget, the first since the withdrawal of the United Kingdom from the European Union, the first since Boris Johnson becoming Prime Minister and the first to be held in the spring since March 2017. It was scheduled to be followed by another budget in the autumn, but in September 2020 the Treasury announced that budget would be scrapped because of the ongoing COVID-19 pandemic, stating "now is not the right time to outline long-term plans – people want to see us focused on the here and now". Due to the pandemic, which began the same day as Sunak delivered on March 11th, additional statements were given by the chancellor in both summer and autumn. References March 2020 events in the United Kingdom 2020 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Furlough
A furlough (; from nl, verlof, " leave of absence") is a temporary leave of employees due to special needs of a company or employer, which may be due to economic conditions of a specific employer or in society as a whole. These furloughs may be short or long term. United States US federal government In the United States, involuntary furloughs concerning federal government employees may be of a sudden and immediate nature. Such was the case in February 2010, when a single United States Senate objection prevented emergency funding measures from being implemented. As a result, 2,000 federal workers for the Department of Transportation were immediately furloughed as of March 1, 2010. The second-longest such shutdown was December 16, 1995, to January 6, 1996, which affected all non-essential employees, shutting down many services including National Institutes of Health, visa and passport processing, parks, and many others. This happened again on October 1, 2013, and on January ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
