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A 2022 Freedom of Information request to the British Business Bank, the state-run body administering the bounce back loan scheme, found that almost one fifth, or 193,000 businesses had failed to meet their repayment terms as at 27 June 2022. [31] The UK government estimated that £4.9 billion of bounce back loans may have been lost to fraud. [32]
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 ...
England. Northern Ireland. Scotland. Wales. Other countries. v. t. e. This article lists successive British governments, also referred to as ministries, from the creation of the Kingdom of Great Britain in 1707, continuing through the duration of the United Kingdom of Great Britain and Ireland from 1801 to 1922, and since then dealing with ...
Samsung Pay (stylized as SΛMSUNG Pay) is a mobile payment and digital wallet service, operated by the South Korean company Samsung Electronics. It lets users make payments using compatible smartphones and other Samsung-produced devices, accessed using the Samsung Wallet app. First launched in 2015, the service supports contactless payments ...
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 ...
e. The government of the United Kingdom (formally His Majesty's Government, abbreviated to HM Government) is the central executive authority of the United Kingdom of Great Britain and Northern Ireland. [2][3] The government is led by the prime minister (currently Keir Starmer since 5 July 2024) who selects all the other ministers. The country ...
The Government Gateway is an IT system developed to allow applicants to register for online services provided by the UK Government, such as obtaining a driving licence and HMRC self-assessment. [1] This replaced the old system of paper submissions. The system was set up by the Office of the e-Envoy and allows users to register as either an ...
Budget process. The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22. Historically, the budget was usually released in March, less than one month before the beginning of the new ...