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Transport Act 1947
The Transport Act 1947 ( 10 & 11 Geo. 6. c. 49) was an Act of Parliament of the Parliament of the United Kingdom. Under the terms of the Act, the railway network, long-distance road haulage and various other types of transport were nationalised and came under the administration of the British Transport Commission. The BTC was responsible to the Ministry of Transport for general transport policy, which it exercised principally through financial control of a number of executives set up to manage specified sections of the industry under schemes of delegation. Overview The Act was part of the nationalisation agenda of Clement Attlee's Labour government, and took effect from 1 January 1948. In Northern Ireland, the Ulster Transport Authority acted in a similar manner. The government also nationalised other means of transport such as: canals, sea and shipping ports, bus companies, and eventually, in the face of much opposition, road haulage. All of these transport modes, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10 & 11 Geo
1 (one, unit, unity) is a number, Numeral (linguistics), numeral, and glyph. It is the first and smallest Positive number, positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit (measurement), unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In Digital electronics, digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In math ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hotels Executive
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator, and other kitchen facilities, upholstered chairs, a television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, a business center with computers, printers, and other office equipment, childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Japan, capsul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Midland Region Of British Railways
The London Midland Region (LMR) was one of the six regions created on the formation of the nationalised British Railways (BR), and initially consisted of ex-London, Midland and Scottish Railway (LMS) lines in England, Wales and Northern Ireland. The region was managed first from buildings adjacent to Euston station, and later from Stanier House in Birmingham. It existed from the creation of BR in 1948, ceased to be an operating unit in its own right in the 1980s, and was wound up at the end of 1992. Territory At its inception, the LMR's territory consisted of ex-LMS lines in England and Wales. The Mersey Railway, which had avoided being "Grouped" with the LMS in 1923, also joined the LMR. The LMR's territory principally consisted of the West Coast Main Line (WCML), the Midland Main Line (MML) south of Carlisle, and the ex-Midland Cross Country route from Bristol to Leeds. During the LMR's existence there were a number of transfers of territory to and from other regions. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Region Of British Railways
The Eastern Region was a region of British Railways from 1948, whose operating area could be identified from the dark blue signs and colour schemes that adorned its station and other railway buildings. Together with the North Eastern Region (which it absorbed in 1967), it covered most lines of the former London and North Eastern Railway, except in Scotland. By 1988 the Eastern Region had been divided again into the Eastern Region and the new Anglia Region, with the boundary points being between and , and between and . The region ceased to be an operating unit in its own right in the 1980s and was wound up at the end of 1992. History The region was formed in at nationalisation in 1948, mostly out of the former Great Northern, Great Eastern and Great Central lines that were merged into the LNER in 1923. Of all the "Big Four" pre-nationalisation railway companies, the LNER was most in need of significant investment. In the immediate post-war period there was a need to rebuild ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four British Railway Companies
The "Big Four" was a name used to describe the four largest railway companies in the United Kingdom in the period 1923–1947. The name was coined by ''The Railway Magazine'' in its issue of February 1923: "The Big Four of the New Railway Era". The Big Four were: * Great Western Railway (GWR) * London, Midland and Scottish Railway (LMS) * London and North Eastern Railway (LNER) * Southern Railway (SR) The companies were formed as a result of the Railways Act 1921, in a process known as "The Grouping" (of the railways), which came into effect on 1 January 1923. On 1 January 1948, the companies were nationalised to form British Railways as a result of the Transport Act 1947. Characterisation The three larger companies relied heavily on freight (especially coal), as well as long-distance passenger traffic. The Southern Railway, in contrast, was predominantly a passenger railway, which, despite its small size, carried more than a quarter of the total UK passenger traffic. That w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. Mostly written and edited in London, it has other editorial offices in the United States and in major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over News media, original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson (businessman), James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilts
Gilt-edged securities, also referred to as gilts, are bonds issued by the UK Government. The term is of British origin, and referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge. In 2002, the data collected by the British Office for National Statistics revealed that at that time about two-thirds of all UK gilts were held by insurance companies and pension funds. Since 2009 large quantities of gilts have been created and repurchased by the Bank of England under its policy of quantitative easing, and in recent years overseas investors have also been attracted to gilts by their "safe haven" status. Nomenclature In his 2019 book about the gilt market from 1928 to 1972, William A. Allen described gilt-edged securities as "long‐duration liabilities of the UK government" that were traded on the London Stock Exchange Today, the term "gilt-edged security" or simply "gilt" is used in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Counties Committee
The Northern Counties Committee (NCC) was a railway that served the north-east of Ireland. It was built to Irish gauge () but later acquired a number of narrow gauge lines. It had its origins in the Belfast and Ballymena Railway which opened to traffic on 11 April 1848. The NCC itself was formed on 1 July 1903 as the result of the Midland Railway of England taking over the Belfast and Northern Counties Railway (BNCR), which the Belfast and Ballymena Railway had become. At the Railways Act 1921, 1923 Grouping of British railway companies, the Committee became part of the London, Midland and Scottish Railway (LMS). After the Transport Act 1947, nationalisation of Britain's railways in 1948 the NCC was briefly part of the British Transport Commission, which sold it to the Ulster Transport Authority (UTA) in 1949. The BNCR and its successors recognised the potential value of tourism and were influential in its development throughout Northern Ireland. They were able to develop and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Act (Northern Ireland) 1948
The Ulster Transport Authority (UTA) ran rail and bus transport in Northern Ireland that operated from 1948 until 1967. Formation and consolidation The UTA was formed by the , which merged the Northern Ireland Road Transport Board (NIRTB) and the Belfast and County Down Railway (BCDR). Added to this by the Ireland Act 1949 ( 12, 13 & 14 Geo. 6. c. 41) was the Northern Counties Committee (NCC), owned by the British Transport Commission's Railway Executive since its previous owner, the London, Midland and Scottish Railway (LMS), had been nationalised in 1948 by the Transport Act 1947 ( 10 & 11 Geo. 6. c. 49). Branch railway closures In January 1950 the UTA closed almost the entire BCDR network except the Bangor branch line. In the same year it closed the – section of the former NCC's Derry Central Railway and the freight-only branches to Draperstown and from Limavady to Dungiven. It also withdrew passenger services from the former NCC branch lines to Cookstown, Limava ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Rail
British Railways (BR), which from 1965 traded as British Rail, was a state-owned company that operated most rail transport in Great Britain from 1948 to 1997. Originally a trading brand of the Railway Executive of the British Transport Commission, it became an independent statutory corporation in January 1963, when it was formally renamed the British Railways Board. British Railways was formed on 1 January 1948 as a result of the Transport Act 1947, which nationalised the Big Four British railway companies along with some other (but not all) smaller railways. Profitability of the railways became a pressing concern during the 1950s, leading to multiple efforts to bolster performance, including some line closures. The 1955 Modernisation Plan formally directed a process of dieselisation and electrification to take place; accordingly, steam locomotives had been entirely replaced by diesel and electric traction (except for the narrow-gauge Vale of Rheidol Railway tourist lin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four (British Railway Companies)
The "Big Four" was a name used to describe the four largest railway companies in the United Kingdom in the period 1923–1947. The name was coined by ''The Railway Magazine'' in its issue of February 1923: "The Big Four of the New Railway Era". The Big Four were: * Great Western Railway (GWR) * London, Midland and Scottish Railway (LMS) * London and North Eastern Railway (LNER) * Southern Railway (SR) The companies were formed as a result of the Railways Act 1921, in a process known as "The Grouping" (of the railways), which came into effect on 1 January 1923. On 1 January 1948, the companies were nationalised to form British Railways as a result of the Transport Act 1947. Characterisation The three larger companies relied heavily on freight (especially coal), as well as long-distance passenger traffic. The Southern Railway, in contrast, was predominantly a passenger railway, which, despite its small size, carried more than a quarter of the total UK passenger traffic. That ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
