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The UK government announces a scheme that will freeze wholesale gas and electricity prices for businesses for six months from 1 October. [174] 22 September – The UK government reverses the ban on fracking in the UK. [175] UK interest rates rise from 1.75 to 2.25%, the biggest increase in 27 years, as the Bank of England attempts to curb ...
July 2022 United Kingdom government crisis. In early July 2022, 62 of the United Kingdom's 179 government ministers, parliamentary private secretaries, trade envoys, and party vice-chairmen resigned from their positions in the second administration formed by Boris Johnson as Prime Minister, [1] culminating in Johnson 's resignation on 7 July. [2]
The United Kingdom government austerity programme was a fiscal policy that was adopted for a period in the early 21st century following the era of the Great Recession. Coalition and Conservative governments in office from 2010 to 2019 used the term, and it was applied again by many observers to describe Conservative Party policies from 2021 to ...
On 23 September 2022, the Chancellor of the Exchequer, Kwasi Kwarteng, delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons. [1] [2] Widely referred to in the media as a mini-budget (not being an official budget statement), it contained a set of economic policies and tax cuts such as bringing forward the planned cut in the basic rate of income tax from 20% to 19 ...
The dates of these opinion polls range from the previous general election on 4 July 2024 to the present. The next general election must be held no later than 15 August 2029 under the Dissolution and Calling of Parliament Act 2022. The Act mandates that any Parliament automatically dissolves five years after it first met – unless it is ...
GCHQ was originally established after the First World War as the Government Code and Cypher School (GC&CS) [3] and was known under that name until 1946. During the Second World War it was located at Bletchley Park , where it was responsible for breaking the German Enigma codes .
t. e. In September and October 2022, the Conservative Party government led by newly appointed prime minister Liz Truss faced a credibility crisis. It was caused by the September 2022 mini-budget and a disorganised vote in the House of Commons over a parliamentary vote to ban fracking, ultimately resulting in the loss of support of Conservative ...
For the financial year 2023-24, total government spending is expected to be £1,189 billion. [2] The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and ...
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