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Minister of State [Note 2] Ministers in charge of government departments who are not a member of the cabinet and who are not eligible for a salary under any other part of the act Financial Secretary to the Treasury Parliamentary Secretary [Note 2] Junior Lord of the Treasury [Note 2] 5 Assistant Whip, House of Commons [Note 2] 7 Lord in Waiting ...
Ministers of State are junior to the Prime Minister and Secretaries of State, but senior to a Parliamentary Under Secretary of State and Parliamentary Private Secretary.The office is defined in the House of Commons Disqualification Act 1975 as "...a member of Her Majesty’s Government in the United Kingdom who neither has charge of any public department nor holds any other of the offices ...
The first regular salary was £400 per year, introduced in 1911. For comparison, average annual earnings were £70 in 1908. [6] Salaries were reduced 10% in the 1930s, during the Great Depression. [1] Some subsequent salary levels were £1,000 in 1946, £3,250 in 1964, £11,750 in 1980, and £26,701 in 1990. [2]
This is a list of salaries of heads of state and government per year, showing heads of state and heads of government where different, mainly in parliamentary systems.
The parliamentary under-secretary of state (or just parliamentary secretary, particularly in departments not led by a Secretary of State) [1] is the lowest of three tiers of government minister in the UK government, immediately junior to a Minister of State, which is itself junior to a Secretary of State.
In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, meaning that there is a tax rate between 0% and 100% that maximizes government tax revenue. [a ...
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In September 2023, Joseph Rowntree Foundation calculated that a single adult in the UK in 2023 needs at least £29,500 a year to have an acceptable standard of living, up from £25,000 in 2022. Two partners with two children would need £50,000, compared to £44,500 in 2022. 29% of the UK population – which works out to 19.2 million people ...