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Unemployment Act 1934
The Unemployment Act 1934 was an Act of Parliament in the United Kingdom, reaching statute on 28 June 1934. It reduced the age at which a person entered the National Insurance scheme to 14 and made the claiming age 16 years. It also separated benefits earned by paying National Insurance and those purely based on need. To do this, it established two bodies: the Unemployment Insurance Statutory Committee to deal with unemployment benefits earned by payment of National Insurance when in work; and the Unemployment Assistance Board to provide means-tested A means test is a determination of whether an individual or family is eligible for government assistance or welfare, based upon whether the individual or family possesses the means to do without that help. Canada In Canada, means tests are use ... payments for those not entitled to such benefits. The 1934 Unemployment Act also restored the previous 10% cut in unemployment benefits, brought in after the 1931 May Committee. This w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Insurance
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families. Introduced by the National Insurance Act 1911 and expanded by the Labour government in 1948, the system has been subjected to numerous amendments in succeeding years. Initially, it was a contributory form of insurance against illness and unemployment, and eventually provided retirement pensions and other benefits. Currently, workers pay contributions from the age of 16 years, until the age they become eligible for the State pension. Contributions are due from employed people earning at or above a threshold called the Lower Earnings Limit, the value of which is reviewed each year. Self-employed people contribute partly through a fixed weekly or monthly payment and partly on a percentage of net profits above a threshold, which is rev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment Benefit
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary. Unemployment benefits are generally given only to those registering as becoming unemployed through no fault of their own, and often on conditions ensuring that they seek work. In British English unemployment benefits are also colloquially referred to as "the dole"; receiving benefits is informally called "being on the dole". "Dole" here is an archaic expression meaning "one's allotted portion", from the synonymous Old English word ''dāl''. History The first modern unemployment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment Assistance Board
The Unemployment Assistance Board was a body created in Britain by the Unemployment Act 1934 due to the high levels of inter-war poverty in Britain. The Board kept a system of means-tested benefits and increased the number of people who could claim relief. References Poverty in the United Kingdom Welfare state in the United Kingdom 1934 establishments in the United Kingdom 1934 in politics Unemployment in the United Kingdom {{UK-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Means-tested
A means test is a determination of whether an individual or family is eligible for government assistance or welfare, based upon whether the individual or family possesses the means to do without that help. Canada In Canada, means tests are used for student finance (for post-secondary education), legal aid, and "welfare" (direct transfer payments to individuals to combat poverty). They are not generally used for primary and secondary education which are tax-funded. Means tests for public health insurance were once common but are now illegal, as the Canada Health Act of 1984 requires that all the provinces provide universal healthcare coverage to be eligible for subsidies from the federal government. Means tests are also not used for pensions and seniors' benefits, but there is a clawback of Old Age Security payments for people making over $69,562 (in 2012). The Last Post Fund uses a means test on a deceased veteran's estate and surviving widow to determine whether they are e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
May Report
The May Report, within the economic history of the United Kingdom, was a publication on 31 July 1931 by the Committee on National Expenditure ("May Committee"). The May Committee was set up to suggest ways for the government to curb expenditure after a proposal by a Liberal MP. The committee was chaired by Sir George May. Its main conclusions were extensive public sector spending cuts, including a cut to the unemployment benefit, and increased taxation. Background The Depression had hit the UK in 1931, and had led to a run on the Bank of England in which foreign investors were withdrawing £2.5 million a day in gold. As most of the Labour party was opposed to the Keynesian ideas proposed by Oswald Mosley, the government was looking for some way to cut public sector spending. The Liberal MP Sir Donald Maclean proposed a House of Commons resolution under which the committee would be appointed. This was accepted by the Labour Chancellor of the Exchequer Philip Snowden, who set up the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Iron And Steel Federation
The British Iron and Steel Federation (BISF), formed in 1934, was an organisation of British iron and steel producers responsible for the national planning of steel production. Its creation was imposed on the industry by Ramsay MacDonald's National Government as a precondition to the establishment of steel import tariffs. It was a successor to the National Federation of Iron and Steel Manufacturers, formed in 1918. Sir William James Larke was the first director of the federation.Stephan Kallee''Sir William James Larke - First director of the British Iron and Steel Federation and first president of the British Welding Research Association.''/ref> It continued to exist until 1967 when the industry was nationalised as British Steel Corporation during Harold Wilson's second term in government. See also * BISF house References External linksA History of UK Steel Industry Associations [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Grid (Great Britain)
In the electricity sector in the United Kingdom, the National Grid is the high-voltage electric power transmission network serving Great Britain, connecting power stations and major substations and ensuring that electricity generated anywhere on it can be used to satisfy demand elsewhere. The network covers the great majority of Great Britain and several of the surrounding islands. It does not cover Northern Ireland, which is part of a single electricity market with the Republic of Ireland. The GB grid is connected as a wide area synchronous grid nominally running at 50 hertz. There are also undersea interconnections to other grids in the Isle of Man, Northern Ireland, the Republic of Ireland, France, Belgium, the Netherlands and Norway. On the breakup of the Central Electricity Generating Board in 1990, the ownership and operation of the National Grid in England and Wales passed to National Grid Company plc, later to become National Grid Transco, and now National Grid plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Betterton, 1st Baron Rushcliffe
Henry Bucknall Betterton, 1st Baron Rushcliffe, GBE, PC (15 August 1872 – 18 November 1949), known as Sir Henry Betterton, Bt, between 1929 and 1935, was a British barrister and Conservative politician. He served as Minister of Labour under Ramsay MacDonald between 1931 and 1934. Background and education Betterton was the son of Henry Inman Betterton, of Woodville, Leicestershire, and Agnes, daughter of Samuel Bucknall. He was educated at Rugby and Christ Church, Oxford, and was called to the Bar, Inner Temple, in 1896. He practiced for some years at the Chancery Bar. Political career Betterton was elected Member of Parliament for Rushcliffe in Nottingham in 1918. He served under Stanley Baldwin as Parliamentary Secretary to the Ministry of Labour between 1923 and 1924 and again between 1924 and 1929. When the National Government was formed in 1931 he was sworn of the Privy Council and made Minister of Labour under Ramsay MacDonald, a post he held until 1934, when he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Legislation
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Acts Of Parliament 1934
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1934 In Economics
Events January–February * January 1 – The International Telecommunication Union, a specialist agency of the League of Nations, is established. * January 15 – The 8.0 Nepal–Bihar earthquake strikes Nepal and Bihar with a maximum Mercalli intensity of XI (''Extreme''), killing an estimated 6,000–10,700 people. * January 26 – A 10-year German–Polish declaration of non-aggression is signed by Nazi Germany and the Second Polish Republic. * January 30 ** In Nazi Germany, the political power of federal states such as Prussia is substantially abolished, by the "Law on the Reconstruction of the Reich" (''Gesetz über den Neuaufbau des Reiches''). ** Franklin D. Roosevelt, President of the United States, signs the Gold Reserve Act: all gold held in the Federal Reserve is to be surrendered to the United States Department of the Treasury; immediately following, the President raises the statutory gold price from US$20.67 per ounce to $35. * February 6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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