Co-payment: A cost-sharing arrangement in which a covered person pays a specific charge for a specified service. For example, an HMO may have a $10 office co-payment for physician office visits, so the employee pays $10 at each doctorâs appointment.
The United Kingdom government austerity programme is a series of sustained reductions in public spending, intended to reduce the welfare state.The cuts have affected welfare and other public institutions. However, the NHS, education and later the defence budget were ringfenced and protected from spending cuts.ts original stated goal was to, achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period.. At the June 2010 budget, the end of the forecast period was 2015-16. However, in 2014 the Treasury extended the proposed austerity period until at least 2018.
The pound sterling (symbol: Â£ ; ISO code: GBP), commonly known simply as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.It is subdivided into 100 pence (singular: penny).n 1801 Great Britain and the Kingdom of Ireland were united to form the United Kingdom of Great Britain and Ireland. However, the Irish pound continued to exist and was not replaced by sterling until January 1826. The conversion rate had long been thirteen Irish pounds to twelve pounds sterling.