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The UK government intensified its efforts to respond to the cost-of-living crisis in May 2022, with a £5 billion windfall tax on energy companies to help fund a £15 billion support package for the public. The package included every household getting a £400 discount on energy bills, which would be in addition to a £150 council tax refund the ...
In 2024, City Region Deals were announced for every part of Scotland. The UK government investment for the Deals was approximately £1.5 billion, while the Scottish Government investments totalled more than £1.9 billion. In Northern Ireland, a programme of City and Growth Deals [5] was launched in 2021 with the Belfast City Region Deal. [6 ...
The UK Government published its white paper on energy ("Our Energy Future – creating a Low Carbon Economy") in 2003, establishing a formal energy policy for the UK for the first time in 20 years. Essentially, the white paper recognised that a limitation of carbon dioxide (CO 2 – the main gas contributing to global climate change ) was going ...
The period of fiscal year. The UK fiscal year ends on 5 April each year, while in the United States it begins on 1 October and ends on 30 September the following year. The person that the budget document begins with. In the UK, Budgets are usually set once every year and are announced in the House of Commons by the Chancellor of the Exchequer.
The UK government announced a £750 million package of support for charities across the UK. £370 million of the money was set aside to support small, local charities working with vulnerable people, and was allocated to England, Scotland, Wales and Northern Ireland in the following breakdown £310 million for England; £30 million for Scotland
Osborne announced that the Office for Budget Responsibility had cut its growth forecast for 2011 from 2.1% to 1.7%, and for 2012 from 2.6% to 2.5%. [2]In the June 2010 Budget and autumn spending review, he had already committed the Government to spending cuts to tackle the UK's deficit.
The New Deal had, as its signature, the power to withdraw benefits from those who 'refused reasonable employment'. 'Workfare' in the UK can arguably be traced back to 1986, and compulsory 'Restart' interviews for claimants after a certain period, and as such the first introduction of 'conditionalities' with the possible outcome of 'sanctions' for perceived non-compliance.
The Green Deal was a UK government policy initiative that gave homeowners, landlords and tenants the opportunity to pay for energy efficient home improvements through the savings on their energy bills from 2012 to 2015. At the heart of the Green Deal was the rule that savings on bills would exceed the cost of the work.