Snow and sleet are set to hit Britain as temperatures plummet towards the end of this week – but it looks like the capital will miss out on snow.Londoners should expect “nothing significant” from the weather, the Met Office said today – with temperatures in the capital remaining around the four or five degrees mark, although chilly winds and wintry showers will make it feel a lot colder. whatsapp whatsapp Share Yes it’s going to snow in the UK this week – just not in London Nina Edy Monday 9 January 2017 12:54 pm Although the capital’s commuters are experiencing relatively mild conditions for the Tube strike, it’ll become much colder from Wednesday, with the North West and coastal areas being the worst hit as they experience the Arctic blast.It may become difficult to travel, so motorists and commuters have been warned to be “aware of the potential for disruption to transport due to lying and blowing snow”.Towards the end of the week, any likelihood of snow will be set aside as clear skies allow the sunshine to peek through, although snow showers will still be frequent across Britain.This comes as the parts of Europe experience freezing temperatures. Snow has swept through parts of Greece and Turkey and temperatures have fallen to – 20C in parts of Poland.looking ahead to the rest of the month, bookmaker Betway is “very confident” that london will see snow this January saying “We’ve seen a good sprinkling of bets on London seeing snow this month, with the traders now very confident of the white stuff at 1/2”. Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?Vegamour’Infinite’ Film Review: Mark Wahlberg Action-Thriller Overspends andThe WrapThis Is How Often You Should Cut Your HairVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap
More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org RBS on track for ninth straight year of losses, as struggling bank pressed to close branches and cut jobs in digital push Hayley Kirton Royal Bank of Scotland looks set to announce a multi-billion pound loss for 2016, its ninth straight year wallowing in the red, while it is also being pushed to cut branches as customers flee to digital banking.The 73 per cent state owned bank, which will reveal its annual results on 24 February, racked up losses attributable to shareholders of £2.5bn in the first nine months of 2016 alone. Sunday 12 February 2017 3:39 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSunday DigestJennifer Lopez’s Net Worth Is HeartbreakingSunday DigestUndoillusion.funUse These Warnings From Nature To Avoid Emergencies Or Disastersillusion.funUndoShop Bras Online | Search AdsGorgeous Bra and Panty Sets (take a look)Shop Bras Online | Search AdsUndoLutemaSend your kids Back to School with the right protection!LutemaUndoInteresticleHe Bought A House And Found A Golden Mine Right UnderInteresticleUndoEveryday WellnessWhat Happens To Your Body When You Eat Two Bananas A DayEveryday WellnessUndoBuzzDestination12 Hot Tips on How To Flirt With a ManBuzzDestinationUndoHealth.recetasget5 Warning Cancer Signs and SymptomsHealth.recetasgetUndoFlight 10Man Buys Plane For $100,000 And Turns It Into His Home – Take A Look InsideFlight 10Undo Share Its fourth quarter is unlikely to deliver a remarkable turnaround, considering the lender announced last month it would be adding £3.1bn to a provision for its as yet unresolved fine from the US Department of Justice for mis-selling mortgage-backed securities and, last October said it would be putting aside £400m to compensate small businesses which claim they were mistreated while in its Global Restructuring Group (GRG).Read more: Tyrie tells City watchdog to spill the beans on RBS’ GRGIt is understood RBS is continuing to scale back its costs. Although it is unlikely it will announce a large round of job losses as part of next week’s results, the bank had already whittled down its full-time equivalent staff numbers to 82,500 by the end of last September, down 9,900 compared with the end of September 2015.City A.M. also understands RBS is also considering closing the doors on some of its branches, as people increasingly go online to sort out their banking needs.The Sunday Times reported the bank could need to cull as many as 15,000 jobs as it struggles to sort out its books. However, a spokesperson said the bank did not recognise this report. whatsapp Read more: RBS no closer to privatisation despite £3.1bn US fine provisionRBS is weighed down by a number of outstanding issues as it desperately tries to turn its business around. As well as the US mis-selling mega fine, predicted by some to potentially be as big as $12bn (£9.6bn), the lender is also yet to sell its Williams & Glyn operation and its 300-plus branch network.Although RBS has now had some promising interest in Williams & Glyn, it will no doubt be feeling the pressure of meeting the end of 2017 deadline for ditching the network to comply with the terms of its 2008 £45bn state bailout deal. whatsapp
Corbyn’s leadership over the party has come under intense scrutiny following last month’s historic by-election defeat in Copeland. Labour had held the Cumbrian seat for more than eight decades. The proportion of Labour party members who disapprove of Corbyn being leader of the party has more than doubled since this time last year, according to recent YouGov polling.Read more: Labour’s John McDonnell wants to force high-earners to publish their tax returnsLabour has challenged Conservative chancellor Philip Hammond to publish his own tax return. Yesterday, during a TV appearance, Hammond said: “I have no intention of doing so. Just for the record, my tax affairs are all perfectly regular and up to date. I think this demonstration politics isn’t helping the atmosphere in British politics.”Hammond will deliver his first full Budget as chancellor this Wednesday. Julian Harris whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likeanymuscle.com7 Colon Pain Symptoms That Shouldn’t Be Ignoredanymuscle.comReady to Move Flats | Search AdsReady to Move Flats Prices in Scottsdale May Actually Surprise YouReady to Move Flats | Search AdsSenior Living | Search AdsSee What Top Senior Apartments Near Scottsdale Should Cost in 2021Senior Living | Search AdsFinance Wealth PostGisele Bündchen Turns 40, Check Out Her Net WorthFinance Wealth PostMagellan TimesJada Pinkett Smith Opened Up About Her Son Saying The Words No Mom Wants To HearMagellan TimesNovelodgeThe One WD40 Trick Everyone Should Know AboutNovelodgeBestycatsThe Only Car That Can Repair ItselfBestycatsRecruitment Agencies USA | Search AdsRecruitment Agencies USARecruitment Agencies USA | Search AdsDID U KNOW ReviewsUnsold 2020 Luxury SUVs Going for Pennies on the Dollar: Great For SeniorsDID U KNOW Reviews Questions raised after Jeremy Corbyn’s tax return fails to include income as leader of the opposition Embattled Labour leader Jeremy Corbyn appeared to make another gaffe last night, publishing a tax return that does not include his salary as head of the opposition.”I have made it clear that I think it is right for party leaders to be open and transparent about their tax affairs,” Corbyn said. Monday 6 March 2017 12:20 am Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp However, the document does not seem to include income Corbyn is entitled to receive as leader of the opposition. The amount could be up to £40,000.Labour sources told the BBC Corbyn had paid tax at source on his full income. “We will deal with any queries on the detail on Monday,” the BBC quoted the source as saying.Read more: Editor’s Notes: It’s hard to see how Corbyn’s Labour party could sink any lowerCorbyn used a firm of accountants to work on his tax return this time around. Last year he published an image of a scrappy and sometimes illegible tax return completed by hand and filed six days late.The latest tax return, for fiscal year 2015-16, shows income of £114,342 – £77,019 from Corbyn’s salary, £36,045 from pensions, £1,200 from self-employment, and £78 interest.
Share whatsapp Jasper Jolly Dollar-denominated imports jumped by almost 40 per cent year-on-year, to reach $129bn, more than doubling the rise in the prior month.Read more: China sets lowest growth target in more than 20 yearsEmily Nicol, an economist at Daiwa Capital Markets, warned seasonal effects around the Lunar New Year were responsible for nudging the balance of trade into deficit.She said: “While import growth is likely to remain in positive territory over coming months, we would also expect to see exports improve on the back of firmer global demand. And so, we would also strongly expect the trade balance to return to surplus.”The unexpected deficit comes at a time when international trade has become increasingly politicised. China recorded its first trade deficit in three years in February as imports in the world’s second largest economy surged.The balance of trade moved into a $9.15bn deficit during the month, according to China’s General Administration of Customs. whatsapp Wednesday 8 March 2017 10:52 am Chinese economy: China runs unexpected trade deficit for first time in three years as imports surge During the election campaign last year US President Donald Trump identified reducing the trade deficit with China as a vital part of his economic policies.Trump promised protectionist policies to stop manufacturing jobs being located in China rather than the US.Read more: Biggest US trade deficit since 2012 fans the flames of Trump’s nationalismThe US yesterday announced a $30.2bn trade deficit with China, by far the largest with any individual country. However, this deficit could reduce as China’s economic structure changes.Kit Juckes, global strategist at Societe Generale, said China’s trade balance is in a longer-term “deteriorating trend”. China’s growth model is becoming increasingly mature as its economy gradually moves towards developed market status.The Chinese government on Sunday announced its lowest growth target for more than two decades, at around 6.5 per cent.
More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Rather than confronting these home-made issues, politicians continue to peddle the myth of the foreign-bought empty property warping the market. In reality, the number of empty properties is relatively insignificant; in London, with its 3.5m dwellings, just over 20,000 are classified as long-term vacant according to official figures from 2017. The number has halved since 2006.Hence numerous studies, including the one cited this weekend by Downing Street, rubbish the “buy to leave” theory. Some also find that foreign demand has enabled developers to build faster, increasing supply and helping weigh down rental costs in the capital.The PM’s new policy could, therefore, have the unintended consequence of pushing up rental costs. Meanwhile she and too many of her cabinet ministers continue to stand in the way of any meaningful planning reform.It is a sorry situation, but one that has become typical of today’s Conservative Party Julian Harris Raising stamp duty for foreigners won’t fix Britain’s housing crisis whatsapp The Prime Minister faces constant battles on several fronts – grappling with negotiators in Brussels, rebutting opposition parties in Westminster, and fending off leadership plotters within her own ranks. Little surprise the domestic policy agenda can sometimes seem like an afterthought.Ahead of this week’s Tory party conference Downing Street became concerned that May had failed to flesh out last year’s promise to restore the “British dream” of home ownership. The PM needed a policy. Thus, we have a new proposal – higher stamp duty for foreign buyers.The move is depressingly predictable in today’s political climate: it blames foreigners, lifts the tax burden, and completely ignores the root of the problem it is claiming to address.The government cites an academic study that suggests house purchases by overseas companies have nudged up prices. Fair enough – with supply as squeezed as it has been for over two decades, any aspect of demand is likely to have contributed to higher prices.However, it is clearly not one of the main drivers. Home ownership dropped sharply in recent times as housebuilding failed to match rising demand while easy money and fiscal doping pushed prices sharply upwards. It can’t be easy, being Theresa May. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse CoastUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo Sunday 30 September 2018 7:21 pm Share whatsapp Tags: People Tax Theresa May
Share Other female MPs also accused Bercow of misogyny, including Tory MP Vicky Ford who said she had heard the speaker call her a “stupid woman” in a previous session.Bercow denied the allegation, saying: “If there is such an allegation, I refute it 100 per cent.” Emily Nicolle whatsapp Wednesday 19 December 2018 2:15 pm Speaker John Bercow was asked by MPs after the debate to force the Labour politician to apologise, however Bercow said neither he or his aides had seen the alleged incident and so could not make a ruling immediately.Corbyn said in a statement to MPs that he had instead uttered the phrase “stupid people”, referring to others in the chamber who were not taking the debate seriously at the time.This is the exchange between Theresa May and Jeremy Corbyn at #PMQs that everyone’s talking about, where the Labour leader appears to call the Prime Minister a ‘stupid woman’ pic.twitter.com/7NkHMDTVFx— ITV News (@itvnews) December 19, 2018The news marks the second clash between Corbyn and May this week, after the Labour leader tabled a motion of no confidence in the Prime Minister on Monday. He blasted the PM for the way she handled the vote on her Brexit deal, which has now been delayed until the new year. whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com May had lashed out at his attempt today, likening the move to a pantomime. Corbyn was seen to say something under his breath in response. “Look behind you,” she jeered, pointing at rows of MPs. “They are not impressed, and neither is the country.”The tables later turned on Bercow, as MPs on both sides of the house lined up to challenge his impartiality on the matter.MP Anna Soubry said perhaps Bercow would have been more inclined to take immediate action against Corbyn had it been a Tory frontbencher discussing a female Labour MP. Similarly, commons leader Andrea Leadsom later highlighted how Bercow himself had failed to apologise to her, after calling her a “stupid woman” during an aside earlier this year.Bercow told Leadsom he had already dealt with that matter, and wanted to wait until he had seen evidence of Corbyn’s actions before producing a verdict. Tags: Brexit Jeremy Corbyn People Theresa May by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyPaws ZillaLily From The AT&T Ads Is Causing A Stir For One ReasonPaws Zillamoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.combonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.com Labour leader Jeremy Corbyn has been accused of calling Theresa May a “stupid woman” during Prime Minister’s Questions today, as calls mounted for him to apologise.The Prime Minister was mocking Corbyn during a clash over the government’s Brexit deal, at which point he was caught on parliamentary cameras muttering words to himself. Jeremy Corbyn accused of calling Theresa May a ‘stupid woman’ at PMQs
First, political and socio-economic instability is a big worry for Londoners, more than anyone else in the country. According to the survey, 43 per cent of workers in London say that they are concerned about the impact Brexit will have on their career progression, and the same proportion worry that it will have a negative effect on the availability of staff for their business.Second, technology. We live in an age of rapid technological advancement, and this of course impacts the way we work. Jobs that existed five years ago don’t now. We expect this shifting environment to continue, as 81 per cent of workers in London believe that the skills they use for their jobs now will change to some extent over the next five years.This is a stark reminder that a lack of training and development can leave them vulnerable, with their skills at high risk of becoming obsolete.And third, finance. One in three Londoners cite a lack of employer investment in training and development as a barrier to learning new skills in the workplace.This drastically needs to change. Encouragingly, it’s great to see that London-based businesses are the most likely to pay for external training for their employees – 62 per cent of those who did learn new skills had their training paid for by their employer. But more still needs to be done. With Brexit uncertainty looming over the economy and a burgeoning skills crisis, career progression and stability are at the forefront of workers’ minds.In fact, new research from City & Guilds Group, released today as part of the celebrations for our 140th anniversary, shows that 82 per cent of workers in London believe that it is important to regularly update their workplace skills. London’s workers and employers must work together to train, develop, and prepare for the future whatsapp Wednesday 30 January 2019 11:12 am Share Tags: Brexit Today’s uncertain socio-political environment, combined with the need for people to continue working later into their lives, highlights how important it is for the workplace to be seen as a place of learning, where skills can be continually updated at all ages and career stages.Skills gaps are affecting businesses across the capital – and the country. In a rapidly changing world, we need to address this as a priority.I truly believe that we can only attempt to fix this crisis if businesses and employees work together – sharing the responsibility for training and development.While businesses need to invest in their workforces and support them in learning new skills, this is only one side of the coin. Employees need to take more control of their own development and get vocal about the skills they need to succeed, both today and over the coming months and years.Londoners are not known for being talkative – speaking to a stranger on the tube is practically a crime. But creating a dialogue with an employer enables City workers to put their time and energy into the right training. This strategy not only supports individual career progression, but also ultimately helps employers foster a more productive and lucrative workforce that is fit for the future. More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org But are employers responding adequately to this appetite?Unfortunately, it would seem not.The research, based on a survey of 2,000 workers across the country, found that 29 per cent of Londoners did not learn any new workplace skills in 2018, and only just over half (55 per cent) agreed that their workplace creates an environment or culture where continuous learning is encouraged.Clearly, there are barriers that need to be overcome in order for workers to get the right level of training and development, which would enable London-based businesses to continue playing a competitive game on the world stage.So, what are those barriers? whatsapp Chris Jones
Read more: Brexit vote live: Tusk presses for long delay to Article 50Increased “fiscal headroom” of £26.6bn, announced yesterday by the Office for Budget Responsibility, can “allow the Chancellor to say with rather more conviction that austerity really was coming to an end”, the IFS said.The think tank said that even an extra £15bn a year of spending on top of current plans could keep borrowing within the chancellor’s two per cent of GDP limit, and keep debt falling as a fraction of national income.It also pointed out that although the deficit is lower than forecast a year ago, it is still higher than forecast in March 2016. It will be £32bn higher in 2020–21.Attacking Hammond’s inaction on benefits, the IFS said: “There was no reprieve announced for the millions of working age families dependent on benefits. The fourth year of the benefit freeze is going ahead. 10 million families will have lost an average of £420 a year as a result of the freeze”. Hammond has the cash to end austerity, IFS says by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGembonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperQuizscapeQuiz: 9 Out Of 10 People Can’t Name These Famous ComediansQuizscapeNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceG InsuranceExperts Discover Girl Born From Two Different SpeciesG InsuranceTaco RelishPhotos Show The Differences Between Kate & Meghan’s Parenting StylesTaco Relish whatsapp Share The improved public finances announced in yesterday’s Spring Statement give the chancellor Philip Hammond the power to bring austerity to an end, the Institute for Fiscal Studies (IFS) has said today.The think tank also said Britain’s relentless focus on Brexit has stopped it from addressing important economic and financial challenges in its analysis of the Spring Statement. Thursday 14 March 2019 11:38 am It also had harsh words on the UK’s current political instability, saying: “One of the costs of a combination of the obsessive focus on Brexit and the lack of parliamentary majority has been the lack of focus on some of these challenges.”Read more: Spring Statement: Hammond warns against no deal“There is a consensus that the economy would have been about two per cent bigger had the Brexit vote not occurred”, the IFS said.The think tank also offered oblique criticism of the Labour party, attacking the “presumption in some quarters that if we do want more revenue it can all come from the rich and from companies.” It said: “It can’t. That’s not how other countries do it.” whatsapp Harry Robertson Tags: Trading Archive
A new book about austerity has put Keynesian economists on the defensive whatsapp Skidelsky and the Keynesians regard the notion of expansionary fiscal contraction as bizarre and outrageous, and have not been shy in denouncing their Italian antagonists, who have been labelled “the Bocconi boys” because most of them have taught at Bocconi University in Milan. The phrase recalls that applied to “the Chicago boys” (from the University of Chicago) who advised President Pinochet in Chile’s right-wing dictatorship in the 1980s – it is intended as an insult.The intellectual battle now under way between the Keynesians and the Bocconi boys is fundamental not just to economics, but also to basic issues in social and political organisation. Do we need a large state sector to help in managing the economy? To simplify but not to caricature, the Keynesians say yes and the Bocconi boys no.The achievement of Alesina, Favero, and Giavazzi’s new book is to bring together evidence on no fewer than “200 multi-year austerity plans carried out in 16 OECD countries… from the late 1970s to 2014”. Given that such an impressive body of facts has been compiled, the Keynesians are very much on the defensive. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. whatsapp Tags: George Osborne People Philip Hammond Tax Monday 29 April 2019 6:32 pm Notoriously, economists quarrel about almost everything in their subject. But since the publication of John Maynard Keynes’ General Theory of Employment, Interest and Money in 1936, they are supposed to agree on one point: that increases in government spending boost demand and output, and reductions in government spending depress them.Indeed, according to the theory, a cut in public expenditure causes a drop in aggregate demand which is a multiple of itself. The General Theory conjectured that the multiplier might be as high as five or even 10. In other words, if the British government takes £10bn off public spending, national income will go down by £50bn or £100bn. A purported professional consensus has encouraged left-wing Keynesian economists to preach, with much moral righteousness, against the so-called “austerity programmes” introduced by European governments in the past decade. These include the present Conservative government, since both of its chancellors of the Exchequer – George Osborne and Philip Hammond – have kept a lid on public expenditure in order to curb the budget deficit.An alliance of Lord Robert Skidelsky (Keynes’ biographer), a bevy of top American economists including such Nobel laureates as Paul Krugman and Jo Stiglitz, and the International Monetary Fund has lambasted Osborne and – to a lesser extent – Hammond for their fiscal austerity.But in truth, the theory and practice of fiscal policy are in as much turmoil as the rest of economics. The three Italian authors of a new book called Austerity: When it Works and When it Doesn’t present a radical challenge to textbook Keynesianism.Alberto Alesina, Carlo Favero, and Francesco Giavazzi claim that when public expenditure is cut, the early negative effect on demand and output is small, certainly less than itself, and three or four years later the effect has more or less disappeared. So if the British government takes £10bn off public spending in 2017, that reduces demand in 2018 by only £4bn or so, and in 2020 and 2021 by next to nothing. Also, the three are much less happy about attempts to lower budget deficits by raising taxes, when demand may go down by a two-times multiple of the tax increase.More surprisingly, in some cases it is possible for fiscal austerity in one year to be accompanied by higher demand and output later on. In a 1990 paper by Giavazzi and Marco Pagano, they identified nations – notably Denmark and Ireland in the early 1980s – where retrenchment in government spending was followed by strong economic growth. They offered the startling and oxymoronic phrase “expansionary fiscal contraction” to characterise the Danish and Irish episodes. Share Opinion Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo Tim Congdon
Today’s City Moves includes Clearstar, Deutsche Bank Wealth Management and The Office Group.ClearstarClearstar has announced that it has appointed Jennifer Balleza as the company’s chief financial officer with immediate effect. Jennifer, who has been serving as the company’s interim chief financial officer since January 2019, is not being appointed to the board of directors at this time. Jennifer, a certified public accountant, joined clearstar as corporate controller in 2014 ahead of the company’s listing on AIM. In this role, she was responsible for managing Clearstar’s financial reporting, compliance and accounting. Jennifer joined Clearstar from Aprio, an Atlanta-based business consultancy and accounting firm. During her tenure at Aprio of over 14 years, she progressed through several audit roles before being promoted to a senior manager in the assurance practice. Jennifer holds a Bachelor of Science degree in accounting from the University of Arkansas, and her professional affiliations include the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.Deutsche bank Wealth Management by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGem City Moves Tuesday 28 May 2019 11:59 pm whatsapp City Moves for 29 May – Who’s switching jobs at Clearstar, Deutsche Bank Wealth Management and The Office Group? Deutsche Bank Wealth Management has announced the appointment of Alistair Jex as head of discretionary portfolio management UK, continuing a build-out in the UK market that started with the appointment of Michael Morley as chief executive of the UK business in July 2017. Alistair was most recently head of discretionary at Coutts where he worked since 2000. He was previously a portfolio manager at Gartmore from 1998 to 2000. Alistair will join the wealth management arm of Deutsche Bank on 3 June 2019, based in London. He will sit on the European regions-input investment committee and chair the UK investment committee. He will also sit on the wealth management UK executive council.The Office GroupThe Office Group (TOG), pioneers of design-led flexible workspace in the UK, has announced the appointment of Toby Ogden as chief commercial officer, a new role for the company. Joining in October 2019, he will build on the commercial foundations put in place by the founders and co-chief executive officers Olly Olsen and Charlie Green, and will oversee the growing acquisition, property development and revenue teams at the company’s London headquarters. Toby joins TOG following 12 years with Cushman & Wakefield and as head of the London markets division since 2017. At TOG, Toby will drive strategies that ensure continued growth through a property acquisition and revenue mandate across the company’s expanding portfolio. The company will continue to work closely with Cushman & Wakefield on its future growth. Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Tags: City Moves Deutsche Bank