A state-owned enterprise ( SOE ) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives.
93-634: National Highways (NH), formerly the Highways Agency and later formerly Highways England , is a government-owned company charged with operating, maintaining and improving motorways and major A roads in England . It also sets highways standards used by all four UK administrations, through the Design Manual for Roads and Bridges . Within England, it operates information services through
186-529: A 52% Leave vote nationwide ), the Scottish Parliament voted for a second independence referendum to be held once conditions of the UK's EU exit are known. The SNP had advocated for another independence referendum to be held in 2020. The SNP were widely expected to include a second independence referendum in their manifesto for the 2021 Scottish Parliament election . Senior SNP figures have said that
279-508: A project bank account , which is the agency's default mechanism for ensuring that payments flow down through the supply chain and prevent payment hold-ups for sub-contractors undertaking work on behalf of a prime contractor . National Highways' operations are split into areas which are loosely based on the regions of England . These regions are subdivided into nine operational areas as well as eleven areas and routes which are managed by DBFO (Design-Build-Finance-Operate) companies. Each area
372-463: A second independence referendum would be inevitable, should an SNP majority be elected to the Scottish Parliament in 2021 and some claimed this was going to happen by the end of 2021, though that hasn't been the case. The United Kingdom Internal Market Act 2020 restricts and undermines the authority of the Scottish Parliament. Its primary purpose is to constrain the capacity of the devolved institutions to use their regulatory autonomy. It restricts
465-602: A speaker as part of a protest against the Northern Ireland Protocol , which meant that the assembly could not continue other business, including the appointment of a new Executive . On 3 February 2024, a new executive was formed marking the return of devolved government to Northern Ireland. The Acts of Union 1707 merged the Scottish and English Parliaments into a single Parliament of Great Britain . Ever since, individuals and organisations advocated
558-498: A majority. The Scottish Conservatives won 31 seats and became the second largest party for the first time. Scottish Labour , down to 24 seats from 38, fell to third place. The Scottish Greens took 6 seats and overtook the Liberal Democrats who remained flat at 5 seats. Following the 2016 referendum on EU membership , where Scotland and Northern Ireland voted to Remain and England and Wales voted to Leave (leading to
651-481: A narrow "yes" vote. The turnout was 50.22% with 559,419 votes (50.3%) in favour and 552,698 (49.7%) against, a majority of 6,721 (0.6%). The National Assembly for Wales , as a consequence of the Government of Wales Act 1998 , possesses the power to determine how the government budget for Wales is spent and administered. The 1998 Act was followed by the Government of Wales Act 2006 which created an executive body,
744-574: A new Northern Ireland Assembly, intended to bring together the two communities ( nationalist and unionist ) to govern Northern Ireland. Additionally, renewed devolution in Northern Ireland was conditional on co-operation between the newly established Northern Ireland Executive and the Government of Ireland through a new all-Ireland body, the North/South Ministerial Council . A British–Irish Council covering
837-528: A new Road Period starts, National Highways will provide the Secretary of State for Transport with an SRN Initial Report, including an assessment of the state of the SRN, maintenance and enhancement priorities, and future development needs. Following this, the government produces a draft RIS setting out the high-level outputs that National Highways will need to deliver within the corresponding Road Period, alongside
930-599: A proposed footpath and cycleway between King's Lynn and Fakenham , and in January 2023 King's Lynn and West Norfolk Borough Council demanded that National Highways submit a retrospective planning application. An 1847 skewed masonry arch at Rudgate near Tadcaster , designed by John Cass Birkinshaw for the Harrogate–Church Fenton line , was infilled by National Highways in 2021. The agency had to seek retrospective planning approval from North Yorkshire Council for
1023-661: A public objective. For that reason, SOEs primarily operate in the domain of infrastructure (e.g., railway companies), strategic goods and services (e.g., postal services, arms manufacturing and procurement), natural resources and energy (e.g., nuclear facilities, alternative energy delivery), politically sensitive business, broadcasting, banking, demerit goods (e.g., alcoholic beverages ), and merit goods (healthcare). SOEs can also help foster industries that are "considered economically desirable and that would otherwise not be developed through private investments". When nascent or 'infant' industries have difficulty getting investments from
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#17327718679491116-495: A regular enterprise, state-owned enterprises are typically expected to be less efficient due to political interference, but unlike profit-driven enterprises they are more likely to focus on government objectives. In Eastern Europe and Western Europe , there was a massive nationalization throughout the 20th century, especially after World War II . In the Eastern Bloc , countries adopted very similar policies and models to
1209-609: Is a partnership between National Highways, the National Police Chiefs' Council , the breakdown/recovery industry and other road service providers. The Survive Group has been established to improve the safety of those who work on the road network and the travelling public and is also dedicated to the promotion of driving safety. The name Survive comes from Safe Use of Roadside Verges in Vehicular Emergencies. The Survive Group website holds information on
1302-665: Is a private company limited by shares, wholly owned by the Secretary of State for Transport . The National Highways Board is the primary governance arm of the company and is accountable to the Secretary of State for Transport. The Board delegate responsibility of the day-to-day running of the company to the Chief Executive who, as the Accounting Officer, is accountable to the Permanent Secretary of
1395-562: Is a viable argument for SOEs is debated. SOEs are also frequently employed in areas where the government wants to levy user fees , but finds it politically difficult to introduce new taxation. Next, SOEs can be used to improve efficiency of public service delivery or as a step towards (partial) privatization or hybridization. SOEs can also be a means to alleviate fiscal stress, as SOEs may not count towards states' budgets. Compared to government bureaucracy, state owned enterprises might be beneficial because they reduce politicians' influence over
1488-453: Is a website that gives information about the latest traffic conditions as well as details of any roadworks or events that may cause congestion. By selecting current motorway information users can see the average speed between individual motorway junctions, what is being displayed on all the variable-message signs , and images from traffic cameras . The website is run by National Highways' National Traffic Information Service. The Survive Group
1581-764: Is approximately 70% of total employment. State-owned enterprises are thus a major factor behind Belarus's high employment rate and a source of stable employment. In most OPEC countries, the governments own the oil companies operating on their soil. A notable example is the Saudi Arabian national oil company , Saudi Aramco , which the Saudi government bought in 1988, changing its name from Arabian American Oil Company to Saudi Arabian Oil Company. The Saudi government also owns and operates Saudi Arabian Airlines , and owns 70% of SABIC as well as many other companies. China's state-owned enterprises are owned and managed by
1674-469: Is contestable under what circumstances a SOE qualifies as "owned" by a state (SOEs can be fully owned or partially owned; it is difficult to determine categorically what level of state ownership would qualify an entity to be considered as state-owned since governments can also own regular stock , without implying any special interference). Finally, the term "enterprise" is challenged, as it implies statutes in private law which may not always be present, and so
1767-629: Is divided into "Areas". They are contracts that are awarded by the Department for Transport . The area teams work alongside the National Highways Traffic Officer Service – providing incident support, emergency traffic management and infrastructure maintenance. They are responsible for the management and operation of the roads in their area. In 2009, fleet tracking has been deployed to assist area teams to manage their specialist winter maintenance vehicles during
1860-617: Is highlighted in the predominant local terminology, with SOEs in Canada referred to as a " Crown corporation ", and in New Zealand as a " Crown entity ". The term " government-linked company " (GLC) is sometimes used, for example in Malaysia , to refer to private or public (listed on a stock exchange) corporate entities in which the government acquires a stake using a holding company . The two main definitions of GLCs are dependent on
1953-749: Is in Bridge House, on a one-way gyratory in Guildford , Surrey . Previously its head office was in Dorking , Surrey. In 2014, the agency signed a ten-year lease with the owner of the Guildford facility. Sopra Steria operates the National Traffic Information Service (NTIS) on behalf of National Highways. NTIS is the information hub of England's strategic road network. The service is based at Quinton , Birmingham and
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#17327718679492046-599: Is managed and maintained by an area team (the Managing Agent; MA) and a contractor (the Managing Agent Contractor; MAC). The M6 Toll is a PFI concession which is also part of the strategic road network. In common with the regulated sectors, National Highways works to fixed funding periods called Road Periods. Each Road Period is currently five years in length, and a particular Road Investment Strategy (RIS) will broadly align with this. Before
2139-497: Is responsible for monitoring and enforcing the performance and efficiency of National Highways, and advising the Secretary of State for Transport on its compliance against the Road Investment Strategy and Licence. The Act also established Transport Focus (previously Passenger Focus) as its watchdog with the purpose of promoting and protecting the interests of users of the strategic road network. Traffic England
2232-443: Is responsible for providing accurate, historical, real-time and predictive traffic and incident information to businesses, the travelling public and National Highways' operations. It collects real-time traffic information from over 10,000 fixed sites on the motorway and all-purpose trunk road network from MIDAS and Traffic Monitoring Unit (TMU) electronic loops in the road surface and automatic number plate recognition (ANPR) cameras at
2325-533: The Conservative governments led by Margaret Thatcher and John Major ). Critics however point out that the Scottish Parliament’s power is on most measures surpassed by the parliaments of regions or provinces within federations, where regional and national parliaments are each sovereign within their spheres of jurisdiction. A referendum on Scottish independence was held on 18 September 2014, with
2418-607: The EU membership referendum , including the United Kingdom Internal Market Act 2020 , undermines and restricts the authority of the devolved legislatures in both Scotland and Wales. Northern Ireland was the first constituent of the UK to have a devolved administration. Home Rule came into effect for Northern Ireland in 1921, under the Government of Ireland Act 1920 ("Fourth Home Rule Act"). The Parliament of Northern Ireland established under that act
2511-497: The Greater London Authority and combined authorities . Devolution differs from federalism in that the devolved powers of the subnational authority ultimately reside in central government, thus the state remains, de jure , a unitary state . Legislation creating devolved parliaments or assemblies can be repealed or amended by parliament in the same way as any statute. Legislation passed following
2604-552: The Historical Railways Estate (HRE) from BRB (Residuary) Limited . In May and June 2021, the space under the road bridge at Great Musgrave in Cumbria was filled with 1,600 tonnes of aggregate and concrete by Highways England, ostensibly for what HRE managers considered safety reasons. The bridge spanned a 5-mile (8.0 km) section of trackbed which local rail enthusiasts hoped to restore, linking
2697-819: The Scottish Constitutional Convention was formed encompassing the Labour Party, Liberal Democrats and the Scottish Green Party , local authorities , and sections of "civic Scotland" like Scottish Trades Union Congress , the Small Business Federation and Church of Scotland and the other major churches in Scotland. Its purpose was to devise a scheme for the formation of a devolution settlement for Scotland. The SNP decided to withdraw as independence
2790-715: The State-owned Asset Supervision and Administration Commission (SASAC) . China's state-owned enterprises generally own and operate public services, resource extraction or defense. As of 2017 , China has more SOEs than any other country, and the most SOEs among large national companies. China's SOEs perform functions such as: contributing to central and local governments revenues through dividends and taxes, supporting urban employment, keeping key input prices low, channeling capital towards targeted industries and technologies, supporting sub-national redistribution to poorer interior and western provinces, and aiding
2883-1066: The United Kingdom , devolution is the Parliament of the United Kingdom 's statutory granting of a greater level of self-government to the Scottish Parliament , the Senedd (Welsh Parliament), the Northern Ireland Assembly and the London Assembly and to their associated executive bodies: the Scottish Government , the Welsh Government , the Northern Ireland Executive and in England,
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2976-696: The University of Wales , National Eisteddfod Council and the Welsh Tourist Board . A cross-party Parliament for Wales campaign in the early 1950s was supported by a number of Labour MPs, mainly from the more Welsh-speaking areas, together with the Liberal Party and Plaid Cymru. A post of Minister of Welsh Affairs was created in 1951 and the post of Secretary of State for Wales and the Welsh Office were established in 1964 leading to
3069-605: The Welsh Government , separate from the legislature, the National Assembly for Wales. It also conferred on the National Assembly some limited legislative powers. The 1997 devolution referendum was only narrowly passed with the majority of voters in the former industrial areas of the South Wales Valleys and the Welsh-speaking heartlands of West Wales and North Wales voting for devolution and
3162-751: The devolved governments of Wales , Scotland and Northern Ireland . The manual is also used in some parts of the Commonwealth . The authority also produces the Manual of Contract Documents for Highway Works (MCHW), and Asset Maintenance and Operation Requirements (AMOR) which supersedes the Network Maintenance Manual and Routine and Winter Service Codes, and its predecessor the Trunk Road Maintenance Manual. Contractors and subcontractors are generally paid via
3255-654: The Anglican Church in Wales, achieved by the passage of the Welsh Church Act 1914 , was also significant in the development of Welsh political consciousness. Plaid Cymru was formed in 1925. An appointed Council for Wales and Monmouthshire was established in 1949 to "ensure the government is adequately informed of the impact of government activities on the general life of the people of Wales". The council had 27 members nominated by local authorities in Wales,
3348-548: The Department for Transport's 2010 Spending Review settlement, Alan Cook was appointed to lead an independent review of the government's approach to the strategic road network. It recognised that the Highways Agency was closer to central government than other infrastructure operators, resulting in a lack of a strategic vision and certainty of funding due to the wider policy environment in which it operated, as well as
3441-545: The Department for Transport, Sustrans , Railway Paths Ltd, Railway Heritage Trust, the HRE Group, Heritage Railway Association , Natural England , Historic England (also representing Cadw ), Historic Scotland and ADEPT. At Congham in Norfolk , a railway bridge designed by the pioneering M&GNJR engineer William Marriott was infilled by National Highways in 2021. The railway route had been identified as part of
3534-535: The Department for Transport, as the Principal Accounting Officer, for the stewardship of public funds. The Principal Accounting Officer and Secretary of State for Transport are both ultimately accountable to Parliament for the activities and performance of National Highways. The Infrastructure Act 2015 established the Office of Rail and Road (ORR) as the monitor for National Highways. ORR
3627-537: The Eden Valley and Stainmore railways to create an 11-mile (18 km) tourist line between Appleby and Kirkby Stephen . Accused of 'vandalism', Highways England were forced to apply for retrospective planning permission, with Eden District council receiving 913 objections and only two expressions of support, and government intervention to pause National Highways plans to infill dozens of other Victorian bridges across England. Advised by planning officers to reject
3720-532: The English strategic road network in its Road Investment Strategy. A second Road Investment Strategy was published in March 2020, with the company set to invest £27 billion between 2020 and 2025 to improve the network as described in the strategy. The current name was adopted on 19 August 2021. The Highways Agency was created as an executive agency of the Department for Transport on 30 March 1994. As part of
3813-467: The Highways Monitor. Development of the SRN is achieved through National Highways' capital investment programme, currently funded entirely by government through grant-in-aid and set out in the first Road Investment Strategy. For Road Period 1 (2015–20), Highways England invested around £15 billion in its network, with additional funding to address other local challenges in proximity of
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3906-882: The Minister of Finance II, the Minister in the Prime Minister's Department in charge of the Economic Planning Unit, the Chief Secretary to the Government, Secretary General of Treasury and the heads of each of the GLICs (the Employees Provident Fund, Khazanah Nasional Berhad , Lembaga Tabung Angkatan Tentera (the armed forces pension fund), Lembaga Tabung Haji and Permodalan Nasional Berhad . Khazanah Nasional Berhad provided
3999-621: The SRN relating to the environment; air quality; cycling, safety and integration; and growth and housing. For Road Period 2 (2020-25), National Highways will invest over £27 billion in its network, of which £14 billion is for road enhancements. The rest is for operating, maintaining and renewing its roads, and further funding to address challenges on the environment and wellbeing; users and communities; innovation and modernisation; and safety and congestion. As of this Road Period, National Highways' activities will, at least in part, be funded by vehicle excise duty . The company head office
4092-530: The Survive Group membership details and activities being undertaken by the working groups. It also supplies advice on how to drive safely in a wide range of driving conditions, advice on planning journeys. Survive also provides publications and new guidance produced by the Survive members plus news on new initiatives and forthcoming road safety events. In 2013, Highways England took over responsibility for
4185-531: The UK Government and parliament such as national defence and international affairs. 76% of Scotland's revenue and 36% of its spending are 'reserved'. Devolution for Scotland was justified on the basis that it would make government more representative of the people of Scotland. It was argued that the population of Scotland felt detached from the Westminster government (largely because of the policies of
4278-635: The UK parliament in Westminster to the Welsh Assembly. The turnout in Wales was 35.4% with 517,132 votes (63.5%) in favour and 297,380 (36.5%) against increased legislative power. A Commission on Devolution in Wales was set up in October 2011 to consider further devolution of powers from London. The commission issued a report on the devolution of fiscal powers in November 2012 and a report on
4371-401: The UK's constitutional arrangements in 1969. The 1974–1979 Labour government proposed a Welsh Assembly in parallel to its proposals for Scotland. These were rejected by voters in the 1979 referendum : 956,330 votes against, 243,048 for. In May 1997, the Labour government of Tony Blair was elected with a promise of creating a devolved assembly in Wales ; the referendum in 1997 resulted in
4464-849: The USSR. Governments in Western Europe, both left and right of centre, saw state intervention as necessary to rebuild economies shattered by war. Government control over natural monopolies like industry was the norm. Typical sectors included telephones , electric power , fossil fuels , iron ore , railways , airlines , media , postal services , banks , and water . Many large industrial corporations were also nationalized or created as government corporations, including, among many others: British Steel Corporation , Equinor , and Águas de Portugal . A state-run enterprise may operate differently from an ordinary limited liability corporation. For example, in Finland, state-run enterprises ( liikelaitos ) are governed by separate laws. Even though responsible for their own finances, they cannot be declared bankrupt ;
4557-408: The ability of the Scottish government to make different economic or social choices from those made in Westminster. Following the Laws in Wales Acts 1535–1542 , Wales was treated in legal terms as part of England. However, during the later part of the 19th century and early part of the 20th century the notion of a distinctive Welsh polity gained credence. In 1881 the Sunday Closing (Wales) Act 1881
4650-439: The abolition of the Council for Wales and Monmouthshire. Labour's incremental embrace of a distinctive Welsh polity was arguably catalysed in 1966 when Plaid Cymru president Gwynfor Evans won the Carmarthen by-election . In response to the emergence of Plaid Cymru and the Scottish National Party (SNP) Harold Wilson 's Labour Government set up the Royal Commission on the Constitution (the Kilbrandon Commission) to investigate
4743-411: The absence of devolution and power-sharing, the UK Government and Irish Government formally agreed to co-operate on security, justice and political progress in the Anglo-Irish Agreement , signed on 15 November 1985. More progress was made after the ceasefires by the Provisional IRA in 1994 and 1997. The 1998 Belfast Agreement (also known as the Good Friday Agreement), resulted in the creation of
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#17327718679494836-402: The application, the council's planning committee unanimously refused retrospective planning permission on 16 June 2022. Restoration of the Musgrave bridge to its former condition would cost an £431,000, in addition to the £124,000 spent on the initial infilling work. In July 2023, National Highways' plans to restore the bridge and remove the infill were criticised by locals as they involved closing
4929-463: The bridge for three months, necessitating long local diversions for regular users of the B6259 which crosses the bridge. Work began in August 2023 to remove the infill material. After the Great Musgrave outcry, National Highways developed a new way to assess the abandoned rail bridges and tunnels it controls, with decisions reviewed in collaboration with experts from heritage, environmental and active travel sectors. The stakeholder advisory forum includes
5022-492: The cold snap. National Highways employs uniformed traffic officers; on-road and control room, as well as specialist staff for work in engineering, surveying, accountancy, and administration. There is a graduate entry scheme, with general entry and specialist engineering entry options. For the Traffic Officer Service each team is supervised by a team manager, one of between six and eight such managers generally working together, to ensure 24-hour management cover. National Highways
5115-426: The establishment of a devolved Scottish assembly, but in 1942 they changed this to support all-out independence. This caused the resignation of John MacCormick from the SNP and he formed the Scottish Covenant Association . This body proved to be the biggest mover in favour of the formation of a Scottish assembly, collecting over two million signatures in the late 1940s and early 1950s and attracting support from across
5208-466: The failure of popular political movements such as Cymru Fydd , a number of national institutions, such as the National Eisteddfod (1861), the Football Association of Wales (1876), the Welsh Rugby Union (1881), the University of Wales ( Welsh : Prifysgol Cymru , 1893), the National Library of Wales ( Llyfrgell Genedlaethol Cymru , 1911) and the Welsh Guards ( Gwarchodlu Cymreig , 1915) were created. The campaign for disestablishment of
5301-483: The first Assembly since the Good Friday Agreement to complete a full term. The fifth Assembly convened in May 2016. That assembly dissolved on 26 January 2017, and an election for a reduced Assembly was held on 2 March 2017 but this did not lead to formation of a new Executive due to the collapse of power-sharing. Power-sharing collapsed in Northern Ireland due to the Renewable Heat Incentive scandal . On 11 January 2020, after having been suspended for almost three years,
5394-407: The first time and together announced that a devolved government would be returning to Northern Ireland. The Executive was restored on 8 May 2007. Several policing and justice powers were transferred to the Assembly on 12 April 2010. The 2007–2011 Assembly (the third since the 1998 Agreement) was dissolved on 24 March 2011 in preparation for an election to be held on Thursday 5 May 2011, this being
5487-444: The form of Public Sector Undertakings (PSUs). The Malaysian government launched a GLC Transformation Programme for its linked companies and linked investment companies ("GLICs") on 29 July 2005, aiming over a ten-year period to transform these businesses "into high-performing entities". The Putrajaya Committee on GLC High Performance ("PCG"), which oversaw this programme, was chaired by the Prime Minister , and membership included
5580-448: The infilling work and work on trees protected by a tree preservation order. State-owned enterprise The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and enterprises held by regional public bodies are considered state-owned). Next, it
5673-412: The leading application of the incomplete contract theory to the issue of state-owned enterprises. These authors compare a situation in which the government is in control of a firm to a situation in which a private manager is in control. The manager can invest to come up with cost-reducing and quality-enhancing innovations. The government and the manager bargain over the implementation of the innovations. If
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#17327718679495766-406: The limited pressure to drive efficiencies compared to that faced by regulated sectors. After an announcement on 27 June 2013 by Danny Alexander , Chief Secretary to the Treasury , it became a government-owned company with the name Highways England on 1 April 2015. In July 2015, Jim O'Sullivan became chief executive, replacing Graham Dalton. In 2020, the agency launched an advertising campaign using
5859-503: The majority of voters in all the counties near England, plus Cardiff and Pembrokeshire rejecting devolution. However, all recent opinion polls indicate an increasing level of support for further devolution, with support for some tax varying powers now commanding a majority, and diminishing support for the abolition of the Assembly. The 2011 Welsh devolution referendum saw a majority of 21 local authority constituencies to 1 voting in favour of more legislative powers being transferred from
5952-592: The negotiations fail, the owner can decide about the implementation. It turns out that when cost-reducing innovations do not harm quality significantly, then private firms are to be preferred. Yet, when cost-reductions may strongly reduce quality, state-owned enterprises are superior. Hoppe and Schmitz (2010) have extended this theory in order to allow for a richer set of governance structures, including different forms of public-private partnerships . SOEs are common with natural monopolies , because they allow capturing economies of scale while they can simultaneously achieve
6045-588: The newly formed Social Democratic Party (SDP), required 40% of the total electorate to vote in favour of an assembly. Despite officially favouring it, considerable numbers of Labour members opposed the establishment of an assembly. This division contributed to only a narrow 'Yes' majority being obtained, and the failure to reach Cunningham's 40% threshold. The 18 years of Conservative government, under Margaret Thatcher and then John Major , saw strong resistance to any proposal for devolution for Scotland , and for Wales . In response to Conservative dominance, in 1989
6138-406: The parties reconvened on the basis of an agreement proposed by the Irish and UK governments. Elections were held for a seventh assembly in May 2022. Sinn Féin emerged as the largest party, followed by the Democratic Unionist Party . The newly elected assembly met for the first time on 13 May 2022 and again on 30 May. However, at both these meetings, the DUP refused to assent to the election of
6231-428: The political spectrum. However, without formal links to any of the political parties it withered, devolution and the establishment of an assembly were put on the political back burner. Harold Wilson 's Labour government set up a Royal Commission on the Constitution in 1969, which reported in 1973 to Edward Heath 's Conservative government. The Commission recommended the formation of a devolved Scottish assembly, but
6324-399: The private sector (perhaps because the good that is being produced requires very risky investments, when patenting is difficult, or when spillover effects exist), the government can help these industries get on the market with positive economic effects. However, the government cannot necessarily predict which industries would qualify as such 'infant industries', and so the extent to which this
6417-428: The proportion of the corporate entity a government owns. One definition purports that a company is classified as a GLC if a government owns an effective controlling interest (more than 50%), while the second definition suggests that any corporate entity that has a government as a shareholder is a GLC. The act of turning a part of government bureaucracy into a SOE is called corporatization . In economic theory ,
6510-451: The proposed funding. National Highways will then respond with a Strategic Business Plan detailing its plans for delivering the RIS. This is reviewed by the Highways Monitor to assess whether the proposed requirements are deliverable with the proposed financial resources and sufficiently challenging. After the Strategic Business Plan and RIS are finalised, National Highways must deliver the agreed outputs and will be monitored on its progress by
6603-402: The provision of on-road signage and its Traffic England website, provides traffic officers to deal with incidents on its network, and manages the delivery of improvement schemes to the network. Founded as an executive agency , it was converted into a government-owned company, Highways England, on 1 April 2015. As part of this transition, the UK government set out its vision for the future of
6696-699: The public using the 4,600 roadside variable-message signs , the Highways England website (including a mobile version), social media channels such as Twitter and the telephone-based Highways England customer contact centre as well as distributing information to the media and businesses through a number of data feeds. These feeds are widely used by organisations such as the BBC and local newspaper websites for their own traffic information. Services such as Google Maps and sat-nav operators also use National Highways' data for their traffic information. The motorway network
6789-451: The question of whether a firm should be owned by the state or by the private sector is studied in the theory of incomplete contracts developed by Oliver Hart and his co-authors. In a world in which complete contracts were feasible, ownership would not matter because the same incentive structure that prevails under one ownership structure could be replicated under the other ownership structure. Hart, Shleifer, and Vishny (1997) have developed
6882-622: The referendum being defeated 55.3% (No) to 44.7% (Yes). In the 2015 general election the SNP won 56 of the 59 Scottish seats with 50% of all Scottish votes. This saw the SNP replace the Liberal Democrats as the third largest in the UK Parliament. In the 2016 Scottish Parliament election the SNP fell two seats short of an overall majority with 63 seats but remained in government for a third term. The proportional electoral system used for Holyrood elections makes it very difficult for any party to gain
6975-654: The return of a Scottish Parliament. The drive for home rule for Scotland first took concrete shape in the 19th century, as demands for home rule in Ireland were met with similar (although not as widespread) demands in Scotland. The National Association for the Vindication of Scottish Rights was established in 1853, a body close to the Scottish Unionist Party and motivated by a desire to secure more focus on Scottish problems in response to what they felt
7068-541: The roadside. Additionally it uses anonymous floating vehicle traffic data (FVD) from vehicles to supplement the fixed traffic monitoring sites. NTIS also has access to nearly 2,000 CCTV cameras, 300 weather stations, 4,600 roadside electronic signs, 16,000 roadside electronic matrix signals and incident data from over 250 operational partners including the police and local authorities . It processes this data to create useful intelligence for operational decision making and dissemination of current and predictive information to
7161-1043: The secretariat to the PCG and managed the implementation of the programme, which was completed in 2015. As of 2024, Philippines Amusement and Gaming Corporation (PAGCOR) is the most profitable state-owned enterprise in the Philippines. It is the third largest contributor to government revenues, following taxes and customs. Devolution in the United Kingdom King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee In
7254-469: The service. Conversely, they might be detrimental because they reduce oversight and increase transaction costs (such as monitoring costs, i.e., it is more difficult and costly to govern and regulate an autonomous SOE than it is the public bureaucracy). Evidence suggests that existing SOEs are typically more efficient than government bureaucracy, but that this benefit diminishes as services get more technical and have less overt public objectives. Compared to
7347-554: The song " Go West " by Village People and covered by Pet Shop Boys . The lyrics changed to "Go Left", encouraging people to stop on the left hand side of the motorway in case of breakdown. On 19 August 2021, it was announced that Highways England would be rebranding to National Highways, thus removing any reference to England from its name. This move coincided with the permanent appointment of Nick Harris as CEO, after taking over as interim CEO from Jim O’Sullivan in February 2021. It
7440-465: The state answers for the liabilities. Stocks of the corporation are not sold and loans have to be government-approved, as they are government liabilities. State-owned enterprises are a major component of the economy of Belarus . The Belarusian state-owned economy includes enterprises that are fully state-owned, as well as others which are joint-stock companies with partial ownership by the state. Employment in state-owned or state-controlled enterprises
7533-497: The state's response to natural disasters, financial crises and social instability. China's SOEs are at the forefront of global seaport-building, and most new ports constructed by them are done within the auspices of the Belt and Road Initiative . As of at least 2024, an Ethiopian SOE is Africa's largest and most profitable airline, as well as Ethiopia's largest earner of foreign exchange. In India , government enterprises exist in
7626-542: The term "corporations" is frequently used instead. Thus, SOEs are known under many other terms: state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, government-owned company, government controlled company, government controlled enterprise, government-owned corporation, government-sponsored enterprise , commercial government agency, state-privatised industry public sector undertaking, or parastatal, among others. In some Commonwealth realms , ownership by The Crown
7719-727: The third name for the agency in six years, and with reports that 'Highways Agency' is colloquially used more than either newer name. The name has also attracted criticism from the other countries of the UK, particularly in Wales where the use of 'national' has been criticised despite transport being devolved to Wales. National Highways is responsible for operating, maintaining and improving the strategic road network (SRN) – the motorways and major A roads in England. The SRN comprises over 4,000 miles (6,400 km) of road and includes various structures such as bridges, tunnels, drainage systems and technology assets including variable message signs and cabling. The SRN includes only around 2% of
7812-421: The total road length in England, but it carries around a third of all its motor vehicle traffic. National Highways is responsible for the Design Manual for Roads and Bridges (DMRB) providing the standards, advice notes and other documents relating to the design, assessment and operation of trunk roads , including motorways in the United Kingdom . The manual is produced by National Highways in conjunction with
7905-539: The way in which Scotland was run changed dramatically in the 1920s when Scottish nationalists started to form various organisations. The Scots National League was formed in 1920 in favour of Scottish independence , and this movement was superseded in 1928 by the formation of the National Party of Scotland , which became the Scottish National Party (SNP) in 1934. At first the SNP sought only
7998-807: The whole British Isles and a British–Irish Intergovernmental Conference (between the British and Irish Governments) were also established. From 15 October 2002, the Northern Ireland Assembly was suspended due to a breakdown in the Northern Ireland peace process but, on 13 October 2006, the British and Irish governments announced the St Andrews Agreement , a 'road map' to restore devolution to Northern Ireland. On 26 March 2007, Democratic Unionist Party (DUP) leader Ian Paisley met Sinn Féin leader Gerry Adams for
8091-540: Was elected on 28 June 1973 and following the Sunningdale Agreement , a power-sharing Northern Ireland Executive was formed on 1 January 1974. This collapsed on 28 May 1974, due to the Ulster Workers' Council strike . The Troubles continued. The Northern Ireland Constitutional Convention (1975–1976) and second Northern Ireland Assembly (1982–1986) were unsuccessful at restoring devolution. In
8184-606: Was not a constitutional option countenanced by the convention. The convention produced its final report in 1995. In May 1997, the Labour government of Tony Blair was elected with a promise of creating devolved institutions in Scotland. In late 1997, a referendum was held which resulted in a "yes" vote. The newly created Scottish Parliament (as a result of the Scotland Act 1998 ) has powers to make primary legislation in all areas of policy which are not expressly 'reserved' for
8277-719: Was not implemented. Support for the SNP reached 30% in the October 1974 general election, with 11 SNP MPs being elected. In 1978 the Labour government passed the Scotland Act which legislated for the establishment of a Scottish Assembly, provided the Scots voted for such in a referendum . However, the Labour Party was bitterly divided on the subject of devolution. An amendment to the Scotland Act that had been proposed by Labour MP George Cunningham , who shortly afterwards defected to
8370-629: Was passed, the first such legislation exclusively concerned with Wales. The Central Welsh Board was established in 1896 to inspect the grammar schools set up under the Welsh Intermediate Education Act 1889 , and a separate Welsh Department of the Board of Education was formed in 1907. The Agricultural Council for Wales was set up in 1912, and the Ministry of Agriculture and Fisheries had its own Welsh Office from 1919. Despite
8463-619: Was prorogued (the session ended) on 30 March 1972 owing to the destabilisation of Northern Ireland upon the onset of the Troubles in late 1960s. This followed escalating violence by state and paramilitary organisations following the suppression of civil rights demands by Northern Ireland Catholics. The Northern Ireland Parliament was abolished by the Northern Ireland Constitution Act 1973 , which received royal assent on 19 July 1973. A Northern Ireland Assembly
8556-564: Was suggested that the 'national' in the new name refers to the fact that the company is responsible for setting highways standards for the whole of the UK, through the Design Manual for Roads and Bridges, even though decisions on the building and maintenance of roads outside of England are devolved to the Scottish Government , Welsh Government and Northern Ireland Executive . The renaming has met with some criticism, being
8649-620: Was undue attention being focused on Ireland by the then Liberal government. In 1871, William Ewart Gladstone stated at a meeting held in Aberdeen that if Ireland was to be granted home rule, then the same should apply to Scotland. A Scottish home rule bill was presented to the Westminster Parliament in 1913 but the legislative process was interrupted by the First World War . The demands for political change in
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