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Transport Act 1962
The Transport Act 1962 ( 10 & 11 Eliz. 2. c. 46) is an act of the Parliament of the United Kingdom. Described as the "most momentous piece of legislation in the field of railway law to have been enacted since the Railway and Canal Traffic Act 1854", it was passed by Harold Macmillan's Conservative government to dissolve the British Transport Commission (BTC), which had been established by Clement Attlee's Labour government in 1947 to oversee railways, canals and road freight transport. The act established the British Railways Board, which took over the BTC's railway responsibilities from 1 January 1963 until the passing of the Railways Act 1993. The act put in place measures that enabled the closure of around a third of British railways the following year as a result of the Beeching report, as the act simplified the process of closing railways removing the need for pros and cons of each case to be heard in detail. Historical context By the end of 1960, British Railways h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
10 & 11 Eliz
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] |
Act Of Parliament (UK)
An act of Parliament in the United Kingdom is primary legislation passed by the UK Parliament in Palace of Westminster, Westminster, London. An act of Parliament can be enforced in all four of the Countries of the United Kingdom, UK constituent countries (England, Scotland, Wales and Northern Ireland). As a result of Devolution in the United Kingdom, devolution the majority of acts that are passed by Parliament increasingly only apply either to England and Wales only, or England only. Generally acts only relating to Reserved and excepted matters, constitutional and reserved matters now apply to the whole of the United Kingdom. A draft piece of legislation is called a Bill (law), bill. When this is passed by Parliament and given royal assent, it becomes an act and part of statute law. Contents of a bill or act A bill and an Act of Parliament typically include a short title and a long title, a number of clauses and, in many cases, one or more schedules. The ''Erskine May: Parli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1955 Modernisation Plan
Events January * January 3 – José Ramón Guizado becomes president of Panama. * January 17 – , the first Nuclear marine propulsion, nuclear-powered submarine, puts to sea for the first time, from Groton, Connecticut. * January 18–January 20, 20 – Battle of Yijiangshan Islands: The Chinese Communist People's Liberation Army seizes the islands from the Republic of China (Taiwan). * January 22 – In the United States, The Pentagon announces a plan to develop intercontinental ballistic missiles (ICBMs), armed with nuclear weapons. * January 23 – The Sutton Coldfield rail crash kills 17, near Birmingham, England. * January 25 – The Presidium of the Supreme Soviet of the Soviet Union announces the end of the war between the USSR and Germany, which began during World War II in 1941. * January 28 – The United States Congress authorizes President Dwight D. Eisenhower to use force to protect Taiwan from the People's Republic of China. February * February 10 – T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ... [...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] |
Beeching Axe
The Beeching cuts, also colloquially referred to as the Beeching Axe, were a major series of route closures and service changes made as part of the restructuring of the nationalised railway system in Great Britain in the 1960s. They are named for Dr. Richard Beeching, then-chair of the British Railways Board and the author of two reports''The Reshaping of British Railways'' (1963) and ''The Development of the Major Railway Trunk Routes'' (1965) that set out proposals for restructuring the railway network, with the stated aim of improving economic efficiency. The first report identified 2,363 stations and of railway line for closure, amounting to 55% of stations, 30% of route miles, and the loss of 67,700 British Rail jobs, with an objective of stemming the large losses being incurred during a period of increasing competition from road transport and reducing the rail subsidies necessary to keep the network running. The second report identified a small number of major routes f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railways Act 1993
The Railways Act 1993 (c. 43) was introduced by John Major's Conservative government and passed on 5 November 1993. It provided for the restructuring of the British Railways Board (BRB), the public corporation that owned and operated the national railway system. Background While the administration of Margaret Thatcher had not done so, the Major government were determined to privatise British Rail. Railways in the 18th and 19th centuries had originally been built and run with private capital, but subsidised heavily by Parliament and communities who gave land for building through compulsory purchase. Rail was increasingly regulated, for instance under the Railways Act 1921, but was finally nationalised by the Transport Act 1947. Calls for reform of the nationalised system combined with people who believed only the private sector could run rail to ensure better service for passengers at less cost. This led to the Railways Act 1993. Contents The legislation created a new regula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Railways Board
The British Railways Board (BRB) was a State ownership, nationalised industry in the United Kingdom that operated from 1963 to 2001. Until 1997, it was responsible for most railway services in History of rail transport in Great Britain 1995 to date#Reform under the Labour government (1997–2010), Great Britain, trading under the brand name British Railways and, from 1965, British Rail. It did not operate railways in Northern Ireland, where railways were the responsibility of the Executive Committee of the Privy Council of Northern Ireland, Government of Northern Ireland. It is a statutory corporation, which when operating consisted of a chairman and nine to fifteen other members appointed by the Secretary of State for Transport. The Board, now reduced to a minimum membership of a chairman and one other member, continues to exist to hold the France, French law benefits and obligations of the Channel Tunnel Rail Usage Contract. Formation The BRB was created on 1 January 1963 unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party (UK)
The Labour Party, often referred to as Labour, is a List of political parties in the United Kingdom, political party in the United Kingdom that sits on the Centre-left politics, centre-left of the political spectrum. The party has been described as an alliance of social democrats, democratic socialists and trade unionists. It is one of the Two-party system, two dominant political parties in the United Kingdom; the other being the Conservative Party (UK), Conservative Party. Labour has been led by Keir Starmer since 2020 Labour Party leadership election (UK), 2020, who became Prime Minister of the United Kingdom following the 2024 United Kingdom general election, 2024 general election. To date, there have been 12 Labour governments and seven different Labour Prime Ministers – Ramsay MacDonald, MacDonald, Clement Attlee, Attlee, Harold Wilson, Wilson, James Callaghan, Callaghan, Tony Blair, Blair, Gordon Brown, Brown and Starmer. The Labour Party was founded in 1900, having e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clement Attlee
Clement Richard Attlee, 1st Earl Attlee (3 January 18838 October 1967) was a British statesman who was Prime Minister of the United Kingdom from 1945 to 1951 and Leader of the Labour Party (UK), Leader of the Labour Party from 1935 to 1955. Attlee was Deputy Prime Minister of the United Kingdom, Deputy Prime Minister during the Churchill war ministry, wartime coalition government under Winston Churchill, and Leader of the Opposition (United Kingdom), Leader of the Opposition on three occasions: from 1935 to 1940, briefly in 1945 and from 1951 to 1955. He remains the longest serving Labour leader. Attlee was born into an upper middle class family, the son of a wealthy London solicitor. After attending Haileybury College and the University of Oxford, he practised as a Barristers in England and Wales, barrister. The volunteer work he carried out in London's East End exposed him to poverty, and his political views shifted leftwards thereafter. He joined the Independent Labour Party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Transport Commission
The British Transport Commission (BTC) was created by Clement Attlee's post-war Labour government as a part of its nationalisation programme, to oversee railways, canals and road freight transport in Great Britain (Northern Ireland had the separate Ulster Transport Authority). Its general duty under the Transport Act 1947 was to provide an efficient, adequate, economical and properly integrated system of public inland transport and port facilities within Great Britain for passengers and goods, excluding transport by air. The BTC came into operation on 1 January 1948. Its first chairman was Lord Hurcomb, with Miles Beevor as Chief Secretary. Its main holdings were the networks and assets of the Big Four national regional railway companies: the Great Western Railway, London and North Eastern Railway, London, Midland and Scottish Railway and the Southern Railway. It also took over 55 other railway undertakings, 19 canal undertakings and 246 road haulage firms, as well as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
