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Enterprise Allowance Scheme
The Enterprise Allowance Scheme was an initiative set up by Margaret Thatcher's Conservative UK government which gave a guaranteed income of £40 per week to unemployed people who set up their own business. It was first announced on 13 November 1981, and piloted between January 1982 and July 1983, funding 3,331 individuals. Introduced nationwide in 1983 against a background of mass unemployment in Britain, it went on to fund 325,000 people, including Creation Records head Alan McGee; Superdry founder Julian Dunkerton; artist Tracey Emin and the founders of Viz magazine ''Viz'' is a British adult comic magazine founded in 1979 by Chris Donald. It parodies British comics of the post-war period, notably '' The Beano'' and '' The Dandy'', but with extensive profanity, toilet humour, black comedy, surreal h .... Anyone wishing to claim money under the scheme was required to fund the first £1000 out of their own funds, and also to produce a basic business plan. Prop ...
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Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013) was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented economic policies that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist, before becoming a barrister. She was elected Member of Parliament for Finchley in 1959. Edward Heath appointed her Secretary of State for Education and Science in his 1970–1974 government. In 1975, she defeated Heath in the Conservative Party leadership election to become Leader of the Opposition, the first woman to lead a major poli ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper '' The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as '' The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of na ...
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United Kingdom Labour Law
United Kingdom labour law regulates the relations between workers, employers and trade unions. People at work in the UK can rely upon a minimum charter of employment rights, which are found in Acts of Parliament, Regulations, common law and equity. This includes the right to a minimum wage of £9.50 for over-23-year-olds from April 2022 under the National Minimum Wage Act 1998. The Working Time Regulations 1998 give the right to 28 days paid holidays, breaks from work, and attempt to limit long working hours. The Employment Rights Act 1996 gives the right to leave for child care, and the right to request flexible working patterns. The Pensions Act 2008 gives the right to be automatically enrolled in a basic occupational pension, whose funds must be protected according to the Pensions Act 1995. Workers must be able to vote for trustees of their occupational pensions under the Pensions Act 2004. In some enterprises, such as universities, staff can vote for the directors of the orga ...
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Iain Duncan Smith
Sir George Iain Duncan Smith (born George Ian Duncan Smith; 9 April 1954), often referred to by his initials IDS, is a British politician who served as Leader of the Conservative Party and Leader of the Opposition from 2001 to 2003. He was Secretary of State for Work and Pensions from 2010 to 2016. He has been Member of Parliament (MP) for Chingford and Woodford Green, formerly Chingford, since 1992. The son of W. G. G. Duncan Smith, a Royal Air Force flying ace, Duncan Smith was born in Edinburgh and raised in Solihull. After education at the training school and Royal Military Academy Sandhurst, he served in the Scots Guards from 1975 to 1981, seeing tours in Northern Ireland and Rhodesia. He joined the Conservative Party in 1981. After unsuccessfully contesting Bradford West in 1987, he was elected to Parliament at the 1992 general election. He was not a minister during the premiership of John Major. During the leadership of William Hague he served as Shadow ...
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Work And Pensions Secretary
The secretary of state for work and pensions, also referred to as the work and pensions secretary, is a secretary of state in the Government of the United Kingdom, with overall responsibility for the business of the Department for Work and Pensions. The incumbent is a member of the Cabinet of the United Kingdom. The office holder works alongside the other Work and Pensions ministers. The corresponding shadow minister is the shadow secretary of state for work and pensions and the shadow secretary of state for the future of work. The performance of the secretary of state is also scrutinised by the Work and Pensions Select Committee. The office is currently held by Mel Stride. Responsibilities Corresponding to what is generally known as a labour minister in many other countries, the work and pensions secretary's remit includes: * Support people of working age * Oversight of employers and pensions * Fiscal Consolidation * Providing support for disability * Support fo ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While def ...
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Business Plan
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map (a plan) that provides direction to the business. Written business plans are often required to obtain a bank loan or other kind of financing. Templates and guides, such as the ones offered in the United States by the Small Business Administration can be used to facilitate producing a business plan. Audience Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. These plans typically have detailed information about the organization or t ...
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The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph & Courier''. Considered a newspaper of record over ''The Times'' in the UK in the years up to 1997, ''The Telegraph'' generally has a reputation for high-quality journalism, and has been described as being "one of the world's great titles". The paper's motto, "Was, is, and will be", appears in the editorial pages and has featured in every edition of the newspaper since 19 April 1858. The paper had a circulation of 363,183 in December 2018, descending further until it withdrew from newspaper circulation audits in 2019, having declined almost 80%, from 1.4 million in 1980.United Newspapers PLC and Fleet Holdings PLC', Monopolies and Mergers Commission (1985), pp. 5–16. Its ...
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Viz (comic)
''Viz'' is a British adult comic magazine founded in 1979 by Chris Donald. It parodies British comics of the post-war period, notably '' The Beano'' and '' The Dandy'', but with extensive profanity, toilet humour, black comedy, surreal humour and generally sexual or violent storylines. It also sends up tabloid newspapers, with mockeries of articles and letters pages. It features parody competitions and advertisements for overpriced 'limited edition' tat, as well as obsessions with half-forgotten kitsch celebrities from the 1960s to the 1980s, such as Shakin' Stevens and Rodney Bewes. Occasionally, it satirises current affairs and politicians, but it has no particular political standpoint. Its success in the early 1990s led to the appearance of numerous rivals copying the format ''Viz'' pioneered; none of them managed to attain its popularity. Circulation peaked at 1.2 million in the early 1990s, making it the third-most popular magazine in the UK, but ABC-audited ...
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Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the Two-party system, two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. It is the current Government of the United Kingdom, governing party, having won the 2019 United Kingdom general election, 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the Centre-right politics, centre-right of the political spectrum, and encompasses various ideological #Party factions, factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites, and traditionalist conservatism, traditionalist conservatives. The party currently has 356 Member of Parliament (United Kingdom), 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 Senedd, Welsh Parliament, 2 D ...
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Tracey Emin
Tracey Karima Emin, CBE, RA (; born 3 July 1963) is a British artist known for her autobiographical and confessional artwork. Emin produces work in a variety of media including drawing, painting, sculpture, film, photography, neon text and sewn appliqué. Once the " enfant terrible" of the Young British Artists in the 1980s, Tracey Emin is now a Royal Academician. In 1997, her work '' Everyone I Have Ever Slept With 1963–1995'', a tent appliquéd with the names of everyone the artist had ever shared a bed with, was shown at Charles Saatchi's '' Sensation'' exhibition held at the Royal Academy in London. The same year, she gained considerable media exposure when she swore repeatedly in a state of drunkenness on a live discussion programme called ''The Death of Painting'' on British television.(18 March 2005)Tracey Emin – Artist ''The Hitchhiker's Guide to the Galaxy'' (website). Retrieved 15 April 2020. In 1999, Emin had her first solo exhibition in the United States ...
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Superdry
Superdry plc (stylised as SUPERDRY®︎冒険魂) is a UK branded clothing company, and owner of the Superdry label. Superdry products combine vintage American styling with Japanese-inspired graphics. It is listed on the London Stock Exchange. History Cult Clothing Co was established by Ian Hibbs and Julian Dunkerton in Cheltenham in 1985. During this period, Dunkerton met James Holder, who at the time was running skatewear brand Bench. In 2003, they joined forces to found Superdry, opening its first store in Covent Garden in London in 2004. Under Theo Karpathios, a nationwide then global expansion of Superdry took place. The business floated on the London Stock Exchange in March 2010. The company issued a profits warning and placed its store opening plans under review in February 2012; the share price quickly dropped by 18%. On 22 October 2014, it was announced that Dunkerton had stepped down as CEO of Superdry and been replaced by Euan Sutherland, the ex-CEO of Th ...
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