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 UK's currency is the pound sterling (Â£ / GBP). Despite being a member of the European Union, the UK has not adopted the euro. There are 100 pence (p) to the pound (Â£). Notes come in denominations of Â£5, Â£10, Â£20 and Â£50.Coins come in 1p, 2p, 5p, 10p, 20p, 50p, Â£1 and Â£2.ou will usually hear British people say pee rather than pence, as in 50p (50 pee). More colloquially, a pound is known as a quid, a five pound note is a fiver and a ten pound note a tenner.