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2008 United Kingdom bank rescue package
During the period 2007–2009, the UK government intervened financially to support the UK banking sector, and four UK banks in particular.
Trading basicsBenton Park View
Benton Park View, located in Benton, a suburb of the City of Newcastle upon Tyne, United Kingdom, is a multi-agency site of the UK Government. The complex is one of the largest secure civilian government complexes in Europe. The site is owned by Newcastle Estates Partnership and the principal tenants are His Majesty's Revenue and Customs (HMRC) and the Department for Work and Pensions (D
Trading basicsBusiness-to-government
Business-to-government (B2G), also referred to as business-to-public-administration (B2PA) or business-to-public-sector (B2PS), describes commercial transactions in which businesses supply goods or services to government entities acting as customers. Where governments contract directly with each other, the term government-to-government (G2G) is also used.
Trading basicsCentral Computer and Telecommunications Agency
The Central Computer and Telecommunications Agency (CCTA), formerly the Central Computer Agency (CCA), was a UK government agency providing computer and telecoms support to government departments.
FinanceCommissioners for the Reduction of the National Debt
The Commissioners for the Reduction of the National Debt (CRND) is a statutory body of the UK Government, whose main function is the investment and management of government funds. The current Comptroller General is Paul Canty.
Trading basicsDarlington Economic Campus
The Darlington Economic Campus (DEC), dubbed Number 11 North and Treasury North, is a multi-department government hub in Darlington in the North East of England.
Trading basicsDebt Management Office (United Kingdom)
The Debt Management Office (DMO) of the United Kingdom is the executive agency responsible for debt and cash management for the UK Government, lending to local authorities and managing certain public sector funds.
FinanceEnterprise Finance Guarantee
The Enterprise Finance Guarantee (EFG) is a UK government-guaranteed lending scheme intended to help smaller viable businesses who may be struggling to secure finance, by facilitating bank loans of between £1,000 and £1 million.
FinanceEquity sharing
Equity sharing is another name for shared ownership or co-ownership. It takes one property, more than one owner, and blends them to maximize profit and tax deductions. Typically, the parties find a home and buy it together as co-owners, but sometimes they join to co-own a property one of them already owns. At the end of an agreed term, they buy one another out or sell the property and sp
Trading basicsFinancial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers, and maintains the integrity of the financial markets in the United Kingdom.
Trading basicsHM Revenue and Customs
His Majesty's Revenue and Customs (commonly known as HMRC) is a department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage, and the issuance of national insurance numbers.
Trading basicsInfrastructure UK
Infrastructure UK (IUK) was a division of HM Treasury within the Treasury's Public Services and Growth Directorate, which advised the UK government on the long-term infrastructure needs of the UK and provided commercial expertise to support major projects and programmes between 2010 and 2016.
Trading basicsNational Infrastructure and Service Transformation Authority
The National Infrastructure and Service Transformation Authority (NISTA), established in April 2025, is a public agency advising the UK Government on infrastructure delivery and improvement. A joint unit of HM Treasury and the Cabinet Office, it combines the functions of the former National Infrastructure Commission and the Infrastructure and Projects Authority.
Trading basicsNational Infrastructure Commission
The National Infrastructure Commission was an executive agency responsible for providing expert advice to the UK Government on infrastructure challenges facing the UK, between 2015 and April 2025, when it was superseded by the National Infrastructure and Service Transformation Authority (NISTA).
Trading basicsNatural Capital Committee
The Natural Capital Committee (NCC) was an independent body set up in 2012, initially for a three-year period, to report to the UK Government and advise on how to value nature and to ensure England's 'natural wealth' is managed efficiently and sustainably. During its first term it produced three reports to government on the 'State of Natural Capital'. It has called on the Office for Nati
Trading basicsOffice of Tax Simplification
The Office of Tax Simplification was an independent office of HM Treasury, part of the Government of the United Kingdom. The office was created on 20 July 2010 to identify complexities in the tax system burdensome to both businesses and individual taxpayers in order to recommend their reduction. The office was tasked with publishing its findings for the Chancellor of the Exchequer to con
Trading basicsPublic Works Loan Board
The Public Works Loan Board (PWLB) (Welsh: Bwrdd Benthyciadau Gwaith Cyhoeddus) was a statutory body of the UK Government that provided loans to public bodies from the National Loans Fund. In 2020, the PWLB was abolished as a statutory organisation, and its functions were allocated to HM Treasury, where they are discharged through the UK Debt Management Office. The members of the PWLB we
Trading basicsSelf-invested personal pension
A self-invested personal pension (SIPP) is the name given to the type of UK government-registered personal pension scheme which allows individuals to make their own investment decisions from a wide range of investments by HM Revenue and Customs (HMRC).
Trading basicsShareholder Executive
The Shareholder Executive (ShEx) was a body within the UK Government between 2003 and 2016, responsible for managing the government's financial interest in a range of state-owned businesses for commercial rather than political interests. It was part of the Department for Business, Innovation and Skills and staffed by civil servants, many of whom were corporate finance professionals with
Trading basicsSmeed Report
The Smeed Report (titled Road Pricing: The Economic and Technical Possibilities) was a study into alternative methods of charging for road use, commissioned by the UK government between 1962 and 1964 led by R. J. Smeed. The report stopped short of an unqualified recommendation for road pricing but supported congestion pricing for busy road networks.
Trading basicsUK Financial Investments
UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the UK government to manage HM Treasury's shareholdings in Lloyds Banking Group, the Royal Bank of Scotland Group and UK Asset Resolution. UKFI ceased trading in March 2018, and its business and assets were transferred to UK Government Investments.
Trading basicsUK Government Investments
UK Government Investments (UKGI) is a company owned by the United Kingdom government which combines the former functions of the Shareholder Executive and UK Financial Investments. UKGI manages a portfolio of businesses, including Channel Four Television Corporation and previously NatWest Group.
Trading basicsValuation Office Agency
The Valuation Office Agency was an executive agency of His Majesty's Revenue and Customs until 31 March 2026, at which time it was abolished - scrapped in the Government's press release -with its functions subsumed into HMRC. The terms "Valuation Office(r)" (VO) are still widely used for its functions and staff, although it is no longer an "Agency".