Download or read book Autumn statement 2011 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2011-11-29 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Autumn Statement sets out the Government's actions in three areas: protecting the economy; building a stronger economy for the future; and fairness. This document details plans for: public spending in 2015-16 and 2016-17; raising state pension age to 67 between 2026 and 2028; setting public sector pay awards at an average of one per cent for each of the two years after current pay freeze ends; £21 billion credit easing measures to support smaller and mid-sized businesses. To build a stronger economy, the Government is funding £6.3 billion of additional infrastructure spending, £1 billion of private sector investment in regulated industries will be supported by Government guarantee, and the Regional Growth Fund for England will be increased by £1 billion. Other measures on credit easing and enterprise include: up to £20 billion National Loan guarantee Scheme; investigation of alternatives to tribunal hearings; possible changes to collective redundancy processes; two proposals for radical reform of employment law; a Seed Enterprise Investment Scheme offering 50 per cent income tax relief on investments. Education will see an extra £600 million to fund 100 more free schools, and £600 million for local authorities with the greatest demographic pressures. Housing support includes a new build indemnity scheme to increase the supply of affordable mortgage finance and a revised right to buy scheme. Fairness measures cover fuel duty, rail fares, a Youth Contract worth £940 million, and extending the offer of 15 hours free education and care a week for disadvantaged two year olds.
Download or read book Autumn Statement 2011 written by Great Britain. Parliament. House of Commons. Treasury Committee and published by . This book was released on 2012-03-05 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Autumn Statement 2011 : Oral and written evidence, Monday 5, Tuesday 6 and Wednesday 7 December 2011
Download or read book Autumn Statement 2012 written by Great Britain: H.M. Treasury and published by The Stationery Office. This book was released on 2012-12-05 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OBR's forecast for GDP growth in 2012 is -0.1 percent and is projected to pick up in every year of the forecast. Public Sector Net Borrowing is forecast to fall by 1.0 percent of GDP in 2012-13 and in subsequent years of the forecast. Public Sector Net Debt is expected to be 79.9 per cent of GDP in 2015-16 before falling to 77.3 per cent by 2017-18. This Statement sets out a further £6.6 billion package of savings in the spending review period, made up from welfare, Official Development Assistance (ODA) and departmental current spending. A £5.5 billion of additional infrastructure will be funded, including in new roads, science and free schools and academies. There will be a further 1 per cent cut in the main rate of corporation tax from April 2014, to 21 per cent and a significant temporary increase in the Annual Investment Allowance from £25,000 to £250, 000 for two years. A greater proportion of growth-related spending will be devolved to local areas and a Business Bank will be created to deploy £1 billion of additional capital and enable UK Export Finance to provide up to £1.5 billion in loans with a package of reforms to promote export. The Government will: increase the basic State Pension by 2.5 percent; create an HM Revenue & Customs unit dedicated to tackling offshore tax evasion; introduce of the UK's first General Anti-abuse Rule; develop significant new information disclosure and penalty powers; and close off tax loopholes. Lifetime allowances for pension contributions will be reduced.
Download or read book Autumn Statement 2012 written by Great Britain: Parliament: House of Commons: Environmental Audit Committee and published by The Stationery Office. This book was released on 2012-11-20 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Treasury led 'dash for gas' could make the UK's carbon targets under the Climate Change Act unachievable. The Committee is calling on the Government to restore investor confidence in the future direction of energy policy by setting a clear decarbonisation objective in the forthcoming Energy Bill to clean up the power sector by 2030. Ongoing policy uncertainty could mean that the UK loses out on millions of pounds of green investment. Global competition for green growth is fierce and the UK is competing with other countries to secure renewables investment. The Committee heard a variety of suggestions to boost take-up of energy efficiency measures in its inquiry on the Autumn Statement and received suggestions for new environmental taxes that could be implemented to help deliver the Coalition Agreement commitment to increase the proportion of tax revenues accounted for by environmental taxes
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book Spending Review 2010 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2010 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2009-10, public expenditure rose to 48 per cent of GDP whilst income fell to 37 per cent, resulting in the largest deficit in Britain's peacetime history. This Spending Review sets out how the Coalition Government will carry out its deficit reduction plan. Particular focus has been given to reducing welfare costs and wasteful spending. This has enabled the Coalition Government to prioritise the NHS, schools, early years' provision and the capital investments designed to support long term economic growth. Departmental budgets other than health and overseas aid will be cut by an average of 19 per cent over four years. Key areas of Annually Managed Expenditure (AME) in addition to Departmental Expenditure Limits (DELs) for each government department and for the devolved administrations are covered. The Review sets out departmental spending plans for the four years until 2014-15 and further savings and reforms to welfare, environmental levies and public service pensions. The Review protects high value transport maintenance and investment, maintains the science budget, invests in apprenticeships and the low carbon economy and allows universities to increase fees from the 2012-13 academic year. Fundamental reforms will simplify the welfare system and make net savings of �7 billion a year. Social housing will be reformed and social care will receive an additional �2 billion by 2014-15. Public service reform underpins the Review: decentralisation of power; cutting burdens and regulations on front-line staff; improving transparency, efficiency and accountability of local services. Local government will have greater freedom but must work within reduced allocations. Public sector pensions will be reformed in line with Lord Hutton's recommendations. Central government administration costs will be cut by 34 per cent by 2014-15. Government departments will produce business plans later in 2010 detailing reform plans and priorities.
Download or read book Higher education written by Great Britain: Department for Business, Innovation and Skills and published by The Stationery Office. This book was released on 2011-06-28 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This White Paper sets out the government's policies for the reform of higher education. The reforms seek to tackle three challenges (i) Putting higher education on a sustainable footing; (ii) Seeking to deliver a better student experience - that is, improvements in teaching, assessment, feedback and preparing the student for the world of work; (iii) Pushing for higher education institutions to take more responsibility for increasing social mobility. The Paper is divided into six chapters, with an annex. Chapter 1: Sustainable and fair funding; Chapter 2: Well-informed students driving teaching excellence; Chapter 3: A better student experience and better-qualified graduates; Chapter 4: A diverse and responsive sector; Chapter 5: Improved social mobility through fairer access; Chapter 6: A new, fit-for-purpose regulatory framework. By shifting public spending away from teaching grants and towards repayable tuition loans, the government believes higher education will receive the funding it needs whilst making savings on public expenditure. The reforms aim to deliver a more responsive higher education sector in which funding follows the decisions of learners and successful institutions are freed to thrive. Also, creating an environment in which there is a new focus on the student experience and the quality of teaching and in which further education colleges and other alternative providers are encouraged to offer a diverse range of higher education provision. The Government, through the Office for Fair Access (OFFA), will be introducing a National Scholarship Programme and will also increase maintenance grants and loans for nearly all students. New Technology Innovation Centres will also be rolled out followed by publication of an innovation and research strategy, exploring the roles of knowledge creation, business investment, skills and training.
Download or read book HM Treasury Autumn Statement 2013 Cm 8747 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2013-12-05 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the improvement in the public finances, this year's Autumn statement is fiscally neutral and locks in lower spending by reducing departmental budgets for 2014-15 and 2015-16 by 1.1% but excluding local government, Security & Intelligence Agencies and HMRC. The Government will: cap the Retail Prices Index in business rates to 2% in 2014-15 and extend the doubling of Small Business Rate Relief to April 2014; will provide a business rate discount of £1,000 in 2014-15 and 2014-16 for retail properties with a rateable value of up to £50,000 and a 50% discount from business rates for new occupants of previously empty retail premises for 18 months; abolish National Insurance Contributions for under 21 year olds on earnings up £813 per week; remove cap on higher education student numbers; announce further reforms to make the most of the UK's science base; introduce a new tax relief for shale gas, and increase support for employee ownership and the creative industries; improve the UK's infrastructure with the National Infrastructure Plan 2013; and take further action to increase housing supply and support home ownership. Fuel prices will be frozen and the impact of policies on energy bills will be reduced. The average increase in rail fares will capped. Married couples & civil partners will be allowed to transfer £1,000 of their income tax personal allowance to their spouse where neither is a higher rate taxpayer.
Download or read book Implementing transparency written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2012-04-18 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This National Audit Office report highlights progress across government in fulfilling most of its initial commitments to promote the transparency of public information. However, government needs a better understanding of costs, benefits and use to assess whether transparency is meeting its objectives of increasing accountability, supporting service improvement and stimulating economic growth. The Government has significantly increased the amount and type of public sector information released. Twenty-three out of 25 commitments by central government, due by December 2011, had been met by that month. However, the assessment of value for money is underdeveloped. While the Cabinet Office has identified six types of potential benefits from open data, it is not yet using this framework to evaluate the success and value for money of its various transparency initiatives. The new Open Data Institute will have a role to improve evidence on economic and public service benefits of open data. Levels of public interest in the different types of information released vary. More than four-fifths of visitors to the Government website data.gov.uk leave the site immediately without accessing any further link. In some sectors, data that would better inform accountability or choice is either not held or not yet made available. The Government estimates that public data already contributes £16 billion annually to the UK economy. Despite announced new transparency commitments to stimulate additional economic growth, the ability to maximise economic growth from traded data is constrained by current arrangements to charge for data, and limited understanding of potential benefits.
Download or read book British Capitalism After the Crisis written by Scott Lavery and published by Springer. This book was released on 2018-12-29 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis rocked British capitalism to its foundations. More than a decade after the crash, the country is still dealing with its consequences. This book explores the extent to which British capitalism has been reconfigured in this tumultuous period. Advancing an in-depth analysis of the political economy of New Labour, the Coalition and the period after Brexit, the book argues that deep structural weaknesses have been re-embedded within British capitalism. The Coalition promised to eliminate the deficit in one parliament and to ‘rebalance’ the British economy. It did neither. Instead, real wages slumped, uneven development intensified and productivity stagnated. An era of volatile post-crisis politics - exemplified by Brexit, the May government and the rise of Corbyn - emerged in this context, threatening the foundations of the old order. This book is required reading for students and scholars interested in the fractious political economy of British capitalism after the crisis. “Lavery’s book on the flawed political economy of Britain’s hybrid variant of capitalism after the 2008 financial crisis is a tour de force. It is theoretically sophisticated, historically informed, conjuncturally nuanced, empirically robust and provides a solid basis for analysing developments following the Brexit debacle, whatever these might be.”—Bob Jessop, Lancaster University, UK “If you are not yet familiar with Scott Lavery’s work, you very soon will be, as it is becoming increasingly difficult to overlook. With a clear mastery of both the politics and the economics of Coalition attempts to reduce the size of the state, Lavery shows with compelling precision how far and how quickly post-crisis Britain travelled from New Labour’s previous ‘one nation’ approach to macroeconomic governance.”—Professor Matthew Watson, University of Warwick, UK “British capitalism was changed but not reformed after the financial crisis, and its deep pathologies now find expression in political volatility and ideological polarisation. In a persuasive and rich analysis Scott Lavery shows how we got to this point and what the future might hold.”—Andrew Gamble, University of Sheffield, UK
Download or read book Transparency in Politics and the Media written by Nigel Bowles and published by Bloomsbury Publishing. This book was released on 2013-10-28 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasingly governments around the world are experimenting with initiatives in transparency or 'open government'. These involve a variety of measures including the announcement of more user-friendly government websites, greater access to government data, the extension of freedom of information legislation and broader attempts to involve the public in government decision making. However, the role of the media in these initiatives has not hitherto been examined. This volume analyses the challenges and opportunities presented to journalists as they attempt to hold governments accountable in an era of professed transparency. In examining how transparency and open government initiatives have affected the accountability role of the press in the US and the UK, it also explores how policies in these two countries could change in the future to help journalists hold governments more accountable. This volume will be essential reading for all practising journalists, for students of journalism or politics, and for policymakers.
Download or read book The British Growth Crisis written by J. Green and published by Springer. This book was released on 2015-02-10 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Britain remains mired in the most severe and prolonged economic crisis that it has faced since the 1930s. What would it take to find a new, more stable and more sustainable growth model for Britain in the years ahead? This important volume written by a number of influential commentators seeks to provide some answers.
Download or read book Pre budget Report 2008 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2008 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 Pre-Budget Report presents updated assessments and forecasts of the economy and public finances, and reports on how in the face of major global economic shocks the Government intends to support the economy, businesses and households through these uncertain times while delivering its long-term goals. Measures announced include: temporarily reducing the Value Added Tax (VAT) rate to 15 per cent from1 December 2008 to 31 December 2009; bringing forward £3 billion of capital spending from 2010-11 including introducing a green stimulus supporting low carbon growth and jobs; introducing a new additional higher rate of income tax of 45 per cent for those with incomes above £150,000 from April 2011; increasing national insurance contributions by 0.5 per cent from April 2011; increasing alcohol and tobacco duties; a two pence per litre increase in fuel duty from 1 December). Immediate action to help those individuals and businesses most affected by the economic downturn include: increases in the income tax personal allowance; bringing forward the increase in Child Benefit; increases of the Child Tax Credit and a payment of £60 to all pensioners; help through mortgage rescue and Support for Mortgage Interest schemes for eligible homeowners in difficulty and a commitment from major mortgage lenders not to initiate repossession action within at least three months of an owner-occupier going into arrears; an additional £1.3 billion to support for the unemployed to find a new job; measures to help small and medium-sized enterprises facing credit constraints; a new HMRC Business Payment Support Service to allow businesses in temporary financial difficulty to pay their HMRC tax bills on a timetable they can afford; and more generous tax relief for businesses now making losses and the modification of a number of planned tax reforms, including vehicle excise duty, air passenger duty, and the deferral of the increase in the small companies' rate of corporation tax.
Download or read book Budget 2012 written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2012-03-21 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2012 budget, divided into two chapters and four annexes, sets out the Government's action to reform the tax system and also announces the next stages in their plans for the supply side of the economy alongside the strategy of further action in the three key areas for: (i) a stable economy; (ii) a fairer, more efficient and simpler tax system; (iii) further reforms to growth. Chapter 1, sets out the measures to realise these goals. Chapter 2, provides budget policy decisions. Announcements include: the state pension age will increase in the future to take account of increases in longevity; the economy will experience subdued but positive growth, with recovery likely to be particularly uneven this year; the Government will increase the personal allowance by a further £1,100 in April 2013, making the first £10,000 for those on low and middle income tax free; Child Benefit will be withdrawn through an income tax charge, and that the charge will only apply to households where someone has an income over £50,000 a year; the State Pension will be reformed into a single tier pension for future pensioners; that the top rate tax of income tax will be reduced from 50% to 45% from April 2012 and corporation tax by 1% from April 2012; there will be an introduction of a new Stamp Duty Land Tax rate of 7% for residential properties over £2 million and 15% to be applied to non-natural persons, such as companies taking effect from 21 March 2012, with consultation on the introduction of an annual charge; the capital gains tax regime will extend to the disposal of UK residential property by non-residents; around 20 million taxpayers from 2014-15 will be provided with a new Personal Tax Statement, detailing income tax and national insurance payments. The Government is to invest £60 million to establish a UK centre for aerodynamics and further support Network Rail to invest £130 million in the Northern Hub rail scheme. There will be consultation on simplifying Carbon Reduction Commitment energy efficiency scheme to support business. The measures outlined cover the areas of personal tax; corporate taxes; tax measures affecting property, pensions, charities; indirect taxes; tax reliefs; anti-avoidance; tax administration and supply side reform.
Download or read book Environmental Law and Policy in Wales written by Patrick Bishop and published by University of Wales Press. This book was released on 2013-02-15 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines welsh perspectives on the search for sustainable law and policy solutions to modern environmental threats.
Download or read book Broken Benefits written by Sam Royston and published by Policy Press. This book was released on 2017-10-25 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United Kingdom is at a critical juncture in welfare policy, as the current government delivers on the previous regime's austerity-driven reforms while simultaneously cutting an additional ₤38 billion from benefits spending over the next five years. Broken Benefits is a straightforward guide to the UK welfare system, correcting misunderstandings and exposing some of the less-understood problems. Sam Royston argues that the current government's twin goals of cutting spending and creating work incentives will ultimately fail to deliver a better system. Drawing on original research and high-profile debates, this much-needed book offers solutions: pragmatic ideas about how the system should be reformed and put into practice, including real-life case studies, models of household budgets, projections of welfare budget spending, and a free online benefits calculator. Accessibly written and offering a blueprint for how welfare should work, Royston presents an alternative vision of a fair, effective, and coherent benefits system for the future.
Download or read book Restoring Public Finances 2012 Update written by OECD and published by OECD Publishing. This book was released on 2012-11-21 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report gives an update on fiscal consolidation strategies across OECD member countries since last year.
