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Vehicle Scrappage Scheme
The vehicle scrappage scheme (also vehicle discount scheme and car scrappage scheme) is a government incentive scheme that was introduced in the 2009 United Kingdom Budget to encourage British motorists to purchase a new, more environmentally-friendly car or van and scrap an older, more polluting one that they have owned for more than twelve months. The scheme was extended in September 2009 and again in February 2010 and it finished at the end of March 2010. In February 2010, a separate Plug-in Car Grant to provide £5,000 towards the cost of electric vehicles was announced and it began in January 2011. Overview The initial scheme, costing the British Government £300,000,000 was introduced in 2009 to support the replacement of 300,000 cars purchased. The Government agreed to provide a £1,000 payment towards the purchase of a new car ordered from participating manufacturers after 23 April 2009 and first registered on or after 16 May 2009. to UK residents who also scrap a car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Incentive
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when the ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geoff Hoon
Geoffrey William Hoon (born 6 December 1953) is a British Labour Party politician who served as the Member of Parliament (MP) for Ashfield in Nottinghamshire from 1992 to 2010. He is a former Defence Secretary, Transport Secretary, Leader of the House of Commons and Government Chief Whip. He had previously been a Member of the European Parliament (MEP) for Derbyshire from 1984 to 1994. Early life Hoon was born in Derby, England, and is the son of railwayman Ernest Hoon and June Collett. He was privately educated at Nottingham High School, an independent school. He then read law at Jesus College, Cambridge from which he graduated in 1976. He was a lecturer in the Faculty of Law at the University of Leeds from 1976 to 1982 and was a sub-warden at Devonshire Hall. He was called to the bar at Gray's Inn in 1978, and was also a visiting Law Professor at the University of Louisville, Kentucky, from 1979 to 1980. In 1982, Hoon became a practising barrister in Nottingham. Memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recycling In The United Kingdom
Recycling is the process of converting waste materials into new materials and objects. This concept often includes the recovery of energy from waste materials. The recyclability of a material depends on its ability to reacquire the properties it had in its original state. It is an alternative to "conventional" waste disposal that can save material and help lower greenhouse gas emissions. It can also prevent the waste of potentially useful materials and reduce the consumption of fresh raw materials, reducing energy use, air pollution (from incineration) and water pollution (from landfilling). Recycling is a key component of modern waste reduction and represents the third step in the "Reduce, Reuse, and Recycle" waste hierarchy, contributing to environmental sustainability and resource conservation. It promotes environmental sustainability by removing raw material input and redirecting waste output in the economic system. There are some ISO standards related to recycling, su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrappage Program
A scrappage program is a government incentive program to promote the replacement of old vehicles with modern vehicles. Scrappage programs generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries introduced large-scale scrappage programs as an economic stimulus to increase market demand in the industrial sector during the Great Recession, global recession that began in 2008. Scrappage programs were touted with different names, mostly referring to an environmental benefit. The Vehicle Efficiency Initiative, Vehicle Efficiency Incentive in Canada was based on fuel efficiency of cars. In Romania, this program was called "Rabla" (the wreck), and was launched by Automobile Dacia, Dacia in 2000. In Germany, the economic stimulus program was called "Umweltprämie" (''environmental premium'') and in Austria "Ökoprämie" (''eco-premium'') while most of the public referred to it simply as "A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parable Of The Broken Window
The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay " That Which Is Seen, and That Which Is Not Seen" ("") to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society. The parable seeks to show how opportunity costs, as well as the law of unintended consequences, affect economic activity in ways that are unseen or ignored. The belief that destruction is good for the economy is consequently known as the broken window fallacy or glazier's fallacy. Parable Bastiat's original parable of the broken window from "Ce qu'on voit et ce qu'on ne voit pas" (1850): Interpretations and evidence Bastiat's argument Suppose it were discovered that the little boy was actually hired by the glazier, and paid a franc for every window he broke. Suddenly the same act would be regarded as theft: the glazier was breaking windows to force people to hire his services. Yet the facts observed b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash For Clunkers
The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 1000000000 (number), billion Federal Government of the United States, U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel-efficient vehicle when trading in a less fuel-efficient vehicle. The program was promoted as a post-recession stimulus program to boost auto sales (which had declined due to the 2008 financial crisis, the Great Recession, and the 2008–2010 automotive industry crisis) while putting more fuel-efficient vehicles on the roadways. The program officially started on July 1, 2009, the processing of claims began July 24, and the program ended on August 24, 2009, as the appropriated funds were exhausted, having scrapped 677,081 vehicles. The deadline for dealers to submit applications was August 25. According to estimates of the U.S. Department of Transportation, Department of Transportation, the initial $1 bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brighton
Brighton ( ) is a seaside resort in the city status in the United Kingdom, city of Brighton and Hove, East Sussex, England, south of London. Archaeological evidence of settlement in the area dates back to the Bronze Age Britain, Bronze Age, Roman conquest of Britain, Roman and Anglo-Saxons, Anglo-Saxon periods. The ancient settlement of "Brighthelmstone" was documented in the ''Domesday Book'' (1086). The town's importance grew in the Middle Ages as the Old Town developed, but it languished in the early modern period, affected by foreign attacks, storms, a suffering economy and a declining population. Brighton began to attract more visitors following improved road transport to London and becoming a boarding point for boats travelling to France. The town also developed in popularity as a health resort for sea bathing as a purported cure for illnesses. In the Georgian era, Brighton developed as a highly fashionable seaside resort, encouraged by the patronage of the Prince Regent ... [...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] |
Unite The Union
Unite the Union, commonly known as Unite, is a trade union in the United Kingdom and Republic of Ireland, Ireland, formed on 1 May 2007 by the merger of Amicus (trade union), Amicus and the Transport and General Workers' Union. A general union, Unite is one of the largest trade unions in the United Kingdom and Ireland, with over 1.2 million members. The current Secretary (title), general secretary is Sharon Graham, who was elected in August 2021. History Merger and early years (2007–2010) Unite the Union was formed on 1 May 2007 by the merger of Amicus (trade union), Amicus, a general private-sector union, and the Transport and General Workers' Union. The general secretaries of the previous unions, Derek Simpson (trade unionist), Derek Simpson and Tony Woodley, Baron Woodley, Tony Woodley respectively, served as joint general secretaries of the new union. The executive councils of the predecessor unions became a joint executive council which served until elections could ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engineering Employers' Federation
Make UK, formerly the Engineering Employers' Federation, represents manufacturers in the United Kingdom. Purpose Make UK provides businesses with advice, guidance and support in employment law, employee relations, health, safety, climate and environment, information and research and occupational health. The original purpose of the EEF was to enable "collective action to protect individual firms and local associations, the preservation of the 'power to manage', and the maintenance of industrial peace through established procedure". The Power to Manage, E. Wigham, Macmillan 1973 Through offices in London and Brussels, Make UK provides political representation on behalf of UK business in the engineering, manufacturing and technology-based sectors: lobbying government, MPs, regional development age ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Mandelson
Peter Benjamin Mandelson, Baron Mandelson, (born 21 October 1953) is a British politician, lobbyist and diplomat who has served as British Ambassador to the United States since February 2025. A member of the Labour Party (UK), Labour Party, Mandelson served as Labour's director of communications from 1985 to 1990, becoming one of the first people to whom the term "spin doctor" was applied and being dubbed the "Prince of Darkness (Satan), Prince of Darkness" because of his "ruthless" and "media savvy" reputation. Mandelson served as Secretary of State for Business, Innovation and Skills and President of the Board of Trade in 1998 and again from 2008 to 2010, Secretary of State for Northern Ireland from 1999 to 2001 as well as First Secretary of State and Lord President of the Council from 2009 to 2010. He was the European Commissioner for Trade from 2004 to 2008 and Member of Parliament (United Kingdom), Member of Parliament (MP) for Hartlepool (UK Parliament constituency), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2009 United Kingdom Budget
The 2009 United Kingdom Budget, officially known as Budget 2009: Building Britain's Future, was formally delivered by Alistair Darling in the House of Commons on 22 April 2009. It introduced new tax, spending and debt rises in a financial environment of rising unemployment and recession. Details To stimulate the motor industry, a £2,000 scrappage allowance was announced for a car more than 10 years old, if it is traded in for a new car and if it has been in the car buyer's ownership for the previous 12 months. £1,000 of this is to be provided by the government, and £1,000 by a motor manufacturer. The scheme started about mid-May 2009 and was planned to finish at the end of February 2010; however, before it was due to end, it was extended by one month, to the end of March 2010. For high earners, a 50% tax band was announced for earners of over £150,000 per year to start in April 2010, and tax relief on pension contributions was reduced progressively from 40% to 20% for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
