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Our Contract With You
Our Contract with You is a political manifesto published in 2024 by the British Reform UK under the leadership of Nigel Farage. The manifesto sets out the party's approach to policy, ahead of their campaign in the 2024 general election. Policies On 17 June 2024, Reform UK launched their manifesto - which they described as a contract - with Farage presenting it during an interview. The policy proposals include: * Tax cuts, including: raising the minimum threshold of income tax to £20,000, raising the higher rate threshold from £50,271 to £70,000, abolishing stamp duty for properties below £750,000, and abolishing taxes on inheritances below £2 million. * Reducing legal immigration by freezing "non-essential" immigration, and eliminating illegal immigration by ending the settlement of any illegal immigrants, returning migrants who arrive on boats crossing the English Channel back to France. To encourage companies to employ British workers, they would raise employers Nat ...
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Reform UK
Reform UK is a right-wing populist political party in the United Kingdom. It was founded with support from Nigel Farage in November 2018 as the Brexit Party, advocating hard Euroscepticism and a no-deal Brexit, and was briefly a significant political force in 2019. After Brexit, it was renamed to Reform UK in January 2021, and became primarily an anti-lockdown party during the COVID-19 pandemic. Subsequently, in December 2022, it began campaigning on broader right-wing populist themes during the British cost-of-living crisis. Its greatest electoral success was as the Brexit Party, which won 29 seats and the largest share of the national vote in the 2019 European Parliament election. Farage had been leader of UKIP, a right-wing populist and Eurosceptic party, during its brief heyday as a significant political force in the first half of the 2010s. He returned to frontline politics as leader of a new Brexit Party in the context of the lengthy Brexit process initiated by the r ...
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Student Loan
A student loan is a type of loan designed to help students pay for Higher education, post-secondary education and the associated fees, such as Tuition payments, tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries. Australia Tertiary student places in Australia are usually funded through the Tertiary education fees in Australia, HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. Dis ...
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World Health Organization
The World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health. The WHO Constitution states its main objective as "the attainment by all peoples of the highest possible level of health". Headquartered in Geneva, Switzerland, it has six regional offices and 150 field offices worldwide. The WHO was established on 7 April 1948. The first meeting of the World Health Assembly (WHA), the agency's governing body, took place on 24 July of that year. The WHO incorporated the assets, personnel, and duties of the League of Nations' Health Organization and the , including the International Classification of Diseases (ICD). Its work began in earnest in 1951 after a significant infusion of financial and technical resources. The WHO's mandate seeks and includes: working worldwide to promote health, keeping the world safe, and serve the vulnerable. It advocates that a billion more people should have: universal health care ...
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European Convention On Human Rights
The European Convention on Human Rights (ECHR; formally the Convention for the Protection of Human Rights and Fundamental Freedoms) is an international convention to protect human rights and political freedoms in Europe. Drafted in 1950 by the then newly formed Council of Europe,The Council of Europe should not be confused with the Council of the European Union or the European Council. the convention entered into force on 3 September 1953. All Council of Europe member states are party to the Convention and new members are expected to ratify the convention at the earliest opportunity. The Convention established the European Court of Human Rights (generally referred to by the initials ECHR). Any person who feels their rights have been violated under the Convention by a state party can take a case to the Court. Judgments finding violations are binding on the States concerned and they are obliged to execute them. The Committee of Ministers of the Council of Europe monitors ...
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Television Licensing In The United Kingdom
In the British Islands, any household watching or recording television transmissions at the same time they are being broadcast is required by law to hold a television licence. This applies regardless of transmission method, including Terrestrial television, terrestrial, Satellite television, satellite, Cable television, cable, or for BBC iPlayer internet streaming. The television licence is the instrument used to raise revenue to fund the BBC; it is considered to be a form of hypothecated taxation. Businesses, hospitals, schools and a range of other organisations are also required by law to hold television licences to watch and record live TV broadcasts. The licence, originally a radio licence, was introduced in November 1923 by the Wireless Telegraphy Act 1923 and cost 10 shillings per annum. The licence was extended to televisions at a cost of £2 in June 1946. The radio part was abolished in February 1971. A television licence is also required to receive video on demand pr ...
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Proportional Representation
Proportional representation (PR) refers to a type of electoral system under which subgroups of an electorate are reflected proportionately in the elected body. The concept applies mainly to geographical (e.g. states, regions) and political divisions (Political party, political parties) of the electorate. The essence of such systems is that all votes cast - or almost all votes cast - contribute to the result and are actually used to help elect someone—not just a Plurality (voting), plurality, or a bare majority—and that the system produces mixed, balanced representation reflecting how votes are cast. "Proportional" electoral systems mean proportional to ''vote share'' and ''not'' proportional to population size. For example, the United States House of Representatives, US House of Representatives has 435 districts which are drawn so roughly equal or "proportional" numbers of people live within each district, yet members of the House are elected in first-past-the-post e ...
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First-past-the-post Voting
In a first-past-the-post electoral system (FPTP or FPP), formally called single-member plurality voting (SMP) when used in single-member districts or informally choose-one voting in contrast to ranked voting, or score voting, voters cast their vote for a candidate of their choice, and the candidate who receives the most votes wins even if the top candidate gets less than 50%, which can happen when there are more than two popular candidates. As a winner-take-all method, FPTP often produces disproportional results (when electing members of an assembly, such as a parliament) in the sense that political parties do not get representation according to their share of the popular vote. This usually favours the largest party and parties with strong regional support to the detriment of smaller parties without a geographically concentrated base. Supporters of electoral reform are generally highly critical of FPTP because of this and point out other flaws, such as FPTP's vulnerability ...
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House Of Lords
The House of Lords, also known as the House of Peers, is the upper house of the Parliament of the United Kingdom. Membership is by appointment, heredity or official function. Like the House of Commons, it meets in the Palace of Westminster in London, England. The House of Lords scrutinises bills that have been approved by the House of Commons. It regularly reviews and amends bills from the Commons. While it is unable to prevent bills passing into law, except in certain limited circumstances, it can delay bills and force the Commons to reconsider their decisions. In this capacity, the House of Lords acts as a check on the more powerful House of Commons that is independent of the electoral process. While members of the Lords may also take on roles as government ministers, high-ranking officials such as cabinet ministers are usually drawn from the Commons. The House of Lords does not control the term of the prime minister or of the government. Only the lower house may force ...
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Pension Funds
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension fun ...
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State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a st ...
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Public Utility
A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods/services that are considered essential; water, gas, electricity, telephone, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. If the infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by ''economies of scale'' in production. There are many different types of public utilities. Some, especially large companies, offer multiple products, such as electricity and nat ...
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UK Infrastructure Bank
The UK Infrastructure Bank is a British state-owned development bank. It is intended to help with the UK Government's plan to reach net-zero carbon by 2050 and to support economic growth in regional and local sectors across the United Kingdom. Then Chancellor of the Exchequer, Rishi Sunak, stated that the bank would be tasked to invest in sectors such as " renewable energy, carbon capture, storage and transportation", and would provide "low-rate loans to mayors and councils to fund projects". The bank is publicly owned with its sole shareholder being the Treasury Solicitor in the capacity of HM Treasury. The bank was given initial capital amounting to £12bn, is able to offer up to £10bn of government guarantees, with its final capacity being £22bn. History The UK Infrastructure Bank was announced in the government policy paper, "National Infrastructure Strategy: fairer, faster, greener", on 25 November 2020. Its founding document was published by HM Treasury on 17 June 202 ...
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