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Competition And Markets Authority
The Competition and Markets Authority (CMA) is the principal competition regulator in the United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for promoting competitive markets and tackling unfair behaviour. The CMA launched in shadow form on 1 October 2013 and began operating fully on 1 April 2014, when it assumed many of the functions of the previously existing Competition Commission and Office of Fair Trading, which were abolished. The CMA also has consumer protection responsibilities and took on new digital markets regulation responsibilities in late 2024 under the Digital Markets, Competition and Consumers Act 2024. The CMA alongside the European Commission, the United States Department of Justice and the Federal Trade Commission, is a globally important antitrust agency. History On 15 March 2012, the UK Government's Department for Business, Innovation and Skills (BIS) announced proposals for strengthening competition in the U ...
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25 Cabot Square
25 Cabot Square is a 17-floor office building occupied by Morgan Stanley in the Canary Wharf development in London, England. The architect on the project was Skidmore, Owings & Merrill, and the building was completed in 1991. It is 81 metres tall with a floorspace of 41,666.00 m2. For several years, 25 Cabot Square was connected at the first floor level to neighbouring 20 Cabot Square by an enclosed pedestrian footbridge, built after both properties were completed. This pedestrian link was removed in early 2010 when Morgan Stanley moved out of 20 Cabot Square. In June 2017, construction started on a major refurbishment of the building with a phased completion from December 2018. See also *Canary Wharf *Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ... Refere ...
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UK Government
His Majesty's Government, abbreviated to HM Government or otherwise UK Government, is the central government, central executive authority of the United Kingdom of Great Britain and Northern Ireland.Overview of the UK system of government : Directgov – Government, citizens and rights
Archived direct.gov.uk webpage. Retrieved on 29 August 2014.
The government is led by the Prime Minister of the United Kingdom, prime minister (Keir Starmer since 5 July 2024) who appoints all the other British Government frontbench, ministers. The country has had a Labour Party (UK), Labour government since 2024 United Kingdom general election, 2024. The ...
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Consumer Choice
The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves. It analyzes how consumers maximize the desirability of their consumption (as measured by their preferences subject to limitations on their expenditures), by maximizing utility subject to a consumer budget constraint. Factors influencing consumers' evaluation of the utility of goods include: income level, cultural factors, product information and physio-psychological factors. Consumption is separated from production, logically, because two different economic agents are involved. In the first case, consumption is determined by the individual. Their specific tastes or preferences determine the amount of utility they derive from goods and services they consume. In the second case, a producer has different motives to the consumer in that they are focussed on the profit they make. This is explained further by producer theory. The models ...
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Durham University
Durham University (legally the University of Durham) is a collegiate university, collegiate public university, public research university in Durham, England, founded by an Act of Parliament (UK), Act of Parliament in 1832 and incorporated by royal charter in 1837. It was the first recognised university to open in England for more than 600 years, after University of Oxford, Oxford and University of Cambridge, Cambridge, and is thus the third-oldest university in England debate, third-oldest university in England. As a collegiate university, its main functions are divided between the academic departments of the university and its Colleges of Durham University, 17 colleges. In general, the departments perform research and provide teaching to students, while the colleges are responsible for their domestic arrangements and welfare. The university is a member of the Russell Group of British research universities and is also affiliated with the regional N8 Research Partnership and int ...
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Macroeconomics
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output (economics), output/Gross domestic product, GDP (gross domestic product) and national income, unemployment (including Unemployment#Measurement, unemployment rates), price index, price indices and inflation, Consumption (economics), consumption, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The focus of macroeconomics is often on a country (or larger entities like the whole world) and how its markets interact to produce large-scale phenomena that economists refer to as aggregate variables. In microeconomics the focus of analysis is often a single market, such as whether changes in supply or ...
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Bank Of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank. The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry. In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as a statutory Financial regulation, regulator. The bank's headquarters have been in London's main financial di ...
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Darlington
Darlington is a market town in the Borough of Darlington, County Durham, England. It lies on the River Skerne, west of Middlesbrough and south of Durham. Darlington had a population of 107,800 at the 2021 Census, making it a "large town" and one of the largest settlements in North East England. The town is linked to London, Leeds, York, Newcastle and Edinburgh by the East Coast Main Line and the A1. History Darnton Darlington started as an Anglo-Saxon settlement. The name derives from the Anglo-Saxon ''Dearthington'', which seemingly meant 'the settlement of Deornoth's people' but, by Norman times, the name had changed to Derlinton. During the 17th and 18th centuries, the town was usually known by the name of ''Darnton''. Darlington has a historic market area in the town centre. St Cuthbert's Church, built in 1183, is one of the most important early English churches in the north of England and is Grade I listed. The oldest church in Darlington is St Andrew's Chur ...
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Manchester
Manchester () is a city and the metropolitan borough of Greater Manchester, England. It had an estimated population of in . Greater Manchester is the third-most populous metropolitan area in the United Kingdom, with a population of 2.92 million, and the largest in Northern England. It borders the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The city borders the boroughs of Trafford, Metropolitan Borough of Stockport, Stockport, Tameside, Metropolitan Borough of Oldham, Oldham, Metropolitan Borough of Rochdale, Rochdale, Metropolitan Borough of Bury, Bury and City of Salford, Salford. The history of Manchester began with the civilian settlement associated with the Roman fort (''castra'') of Mamucium, ''Mamucium'' or ''Mancunium'', established on a sandstone bluff near the confluence of the rivers River Medlock, Medlock and River Irwell, Irwell. Throughout the Middle Ages, Manchester remained a ma ...
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Canary Wharf
Canary Wharf is a financial area of London, England, located in the Isle of Dogs in the London Borough of Tower Hamlets. The Greater London Authority defines it as part of London's central business district, alongside Central London. Alongside the City of London and the West End of London, West End, it constitutes one of the main financial centres in the United Kingdom and the world, containing many major global companies and banks' headquarters and high-rise buildings, including the List of tallest buildings in the UK, third-tallest in the UK, One Canada Square. Developed on the site of the former West India Docks in East London, Canary Wharf contains around of office and retail space. It has many open areas and gardens, including Canada Square, Cabot Square, Westferry Circus, Jubilee Park, and Crossrail Place Roof Garden. Together with Heron Quays and Wood Wharf, it forms the Canary Wharf Estate, around in area. History Canary Wharf is located on the West India Docks on ...
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Alex Chisholm
Sir Alexander James Chisholm (born 2 January 1968) is a British civil servant and former regulator, who served as Cabinet Office Permanent Secretary and the chief operating officer of the Civil Service (United Kingdom), United Kingdom's Civil Service between April 2020 and April 2024. He was previously the permanent secretary at the Department for Business, Energy and Industrial Strategy from September 2016 to April 2020 and permanent secretary at the Department of Energy and Climate Change, Department for Energy and Climate Change during 2016. Chisholm was previously the chief executive of the United Kingdom's Competition and Markets Authority and chair of the Irish Commission for Communications Regulation, and has held senior positions in the media, technology and e-commerce industries. Early life and education Alex Chisholm was born on 2 January 1968 in London to parents Ian Duncan Chisholm and Annabel Chisholm. His father was a consultant psychiatrist and his mother was a ...
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David Currie, Baron Currie Of Marylebone
David Anthony Currie, Baron Currie of Marylebone (born 9 December 1946) is a British economist specialising in regulation, and a cross-bench member of the House of Lords. Currie was the inaugural Chairman of the Competition and Markets Authority (CMA). Education and career Currie was born in Streatham, south London, and attended Battersea Grammar School. He obtained a first class degree in mathematics at Manchester University and a master's degree in National Economic Planning at Birmingham University, after which he obtained a post as an economist with Hoare Govett. He took a position in 1972 as a lecturer at Queen Mary College, University of London, and progressed to an appointment as Professor of Economics. After that he spent 12 years at the London Business School, and was appointed as Professor of Economics in 1988.Award of an honorary doctorate by City University, Londonoration/ref> In 1992, Currie became one of the 'six wise men' advising the Conservative Government's ...
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Royal Assent
Royal assent is the method by which a monarch formally approves an act of the legislature, either directly or through an official acting on the monarch's behalf. In some jurisdictions, royal assent is equivalent to promulgation, while in others that is a separate step. Under a modern constitutional monarchy, royal assent is considered little more than a formality. Even in nations such as the United Kingdom, Norway, the Netherlands, Liechtenstein and Monaco which still, in theory, permit their monarch to withhold assent to laws, the monarch almost never does so, except in a dire political emergency or on advice of government. While the power to veto by withholding royal assent was once exercised often by European monarchs, such an occurrence has been very rare since the eighteenth century. Royal assent is typically associated with elaborate ceremony. In the United Kingdom the Sovereign may appear personally in the House of Lords or may appoint Lords Commissioners, who anno ...
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