The Introduction of Devolution by Tony Blair's Labour Government Involved

question 40

Multiple Choice

The introduction of devolution by Tony Blair's Labour government involved the

• A) creation of power-sharing legislative bodies in all geographical areas throughout the United Kingdom.
• B) redistribution of formal power to an authority governing London with a directly elected mayor.
• C) continuance of the private finance initiative (PFI) to expand the involvement of the private sector within the revitalization of British public services.
• D) redistribution of policy-making powers to quangos within the British political system.
• E) redeployment of power from the House of Commons to the House of Lords.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Revised Act

A law that has been formally amended or rewritten to include new provisions or correct errors.

Stock Option

A financial derivative that represents a legal right to buy or sell a particular stock at a predetermined price within a specified time period.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.