Three, securing the right degrees of protection for consumers. They monitor how firms and individuals are meeting standards. Where serious problems arise they investigate and, if appropriate, discipline or prosecute those that have violated rules. Fo...
Finally, the Financial Services Authority is responsible for monitoring and regulating the financial services industry. It has four main aims. One, maintaining confidence in the UK financial system. They supervise stock exchanges. Two, promoting publ...
The level of interest rates is set in order to achieve a certain rate of inflation. This target rate is decided by the Chancellor. Therefore although the bank can decide the level of interest rates without any interference, the macroeconomic position...
One, the amount of money which each department receives and two, using this money, targets each department will achieve. For example for the Education Department a target for how many children pass exams. The second main institution is the Bank of En...
The budget is presented each spring to Parliament. It sets out tax policy for the year. Since 1997 there has also been a pre-budget report. This explains progress and suggests some ideas for discussion. Later in the Spring Budget a decision is made....
He is supported by 4 junior ministers with specific responsibilities, who are also elected politicians. The Ministers receive advice from three main sources: civil servants, political advisers. And for some specific projects, business leaders also pr...
I would like to explain the key features of the UK economic policy framework, identify the key institutions, their leaders and their main responsibilities. There are three main institutions. The first is HM Treasury which is responsible for the overa...
Traditionally HM Treasury, along with the Bank of England, has been responsible for deciding all aspects of the UK's economic and financial policy. Following the 1997 election, in which the Labor Party came to power, the macroeconomic policy framewor...
Other elements of the system have been updated to tueet the challenges of a modem business environment. With business increasingly organized on an international scale, the rules for allowing losses to be used within multinational groups needed to be...
Speech to the International Fiscal Association 中国金融介绍---国际财政会协会演讲 By the Paymaster General, UK 英国主计长 (Continued from Unit 4) 续第四单元 One approach is for countries to introduce anti-avoidance legislation...