Tag: Budget
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Parliamentary Financial Procedures
History The whole law of finance, and consequently the whole British constitution, is grounded upon one fundamental principle, laid down at the very outset of English parliamentary history and secured by three hundred years of mingled conflict with the Crown and peaceful growth. All taxes and […]
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Terminable Annuities
History Terminable Annuities are employed in the system of British public finance as a means of reducing the National Debt (see more in these entry). This result is attained by substituting for a perpetual annual charge (or one lasting until the capital which it represents can be paid off […]