Greece won’t accept “illogical” demands from lenders, PM says

Share Greece’s prolonged bailout review will be completed positively, Greek Prime Minister Alexis Tsipras said today, but he added Athens will not accept “illogical” demands from lenders.Speaking to his leftist Syriza party, Tsipras said the review would be completed “without concessions in matters of principle” and warned all sides to “be more careful towards a country that has been pillaged and people who have made, and are continuing to make, so many sacrifices in the name of Europe”, according to Reuters’ reports. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likealldelish15 Menacing Foods You Eat EverydayalldelishParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorDental Implants | Search AdsHere Is What Full Mouth Dental Implants Should Cost You in 2021Dental Implants | Search AdstedswoodworkingDownload 16,000 Woodworking Plans and ProjectstedswoodworkingOrganixmag.com25 Well-Timed Wedding Photobombs That Will Crack You UpOrganixmag.comanymuscle.com15 Cancer Symptoms Men Ignoreanymuscle.comHealthy ZoneWarning! 10 Subtle Signs of Kidney Diseases that Should Never Be IgnoredHealthy ZoneDaily Sport XRemember Him? Wait Till You See Him Now…Daily Sport XBlast ACHow To Cool Down Any Room In Minutes (Try This Tonight)Blast AC Yesterday, the country made progress in its talks with lenders, moving closer to a deal to secure new loan disbursements and save the country from default. That would mean another set of funds would be released from it latest 86bn euro bailout, helping it make a major 7.2bn euro debt repayment this summer.Read more: Is the Greek debt crisis about to heat up again?Representatives of Greece’s lenders are expected to return to Athens this week to report on whether the country has complied with a second round of reforms agreed under its third and current bailout.”We are ready to discuss anything within the framework of the [bailout] agreement and within reason, but not things beyond the framework of the agreement and beyond reason,” Tsipras said. “We will not discuss demands which are not backed up by logic and by numbers,” he said.Tsipras said the IMF was coming up with “new demands for Greece; absurd, imaginary unreal, it doesn’t matter, as long as it is made to look like Greece is to blame … for the already agreed decision of the Fund to not finance the third Greek bailout.”Earlier this week, yields on two-year Greek debt jumped to almost 9.7 per cent, the highest since last summer, after the International Monetary Fund (IMF) admitted its executive board was divided over the issue of the country’s bailout. Saturday 11 February 2017 4:25 pm whatsapp Greece won’t accept “illogical” demands from lenders, PM says Courtney Goldsmith More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com read more

The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC

The sharp rise in insecure work across the UK is costing the government – to the tune of nearly £4bn a year in lost tax income and benefit pay-outs.That’s according to the Trades Union Congress (TUC), which says that total represents nearly a quarter of the social care budget spent in England. A flurry of recent cases has turned the spotlight on the gig economy and split opinions on how workers should be regarded. Just last week Pimlico Plumbers lost its appeal over the employment status of one of its workers, with the Court of Appeal ruling the individual in question was a worker and entitled to basic workers’ rights.Uber and CitySprint have been embroiled in similar situations, though Uber has said it will appeal the ruling, while Deliveroo riders are preparing to take legal action over their employment status.Some say the gig economy provides more flexible work opportunities and others say there’s not enough job security and workers can be exploited.TUC general secretary Frances O’Grady said: “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too.“Zero-hours contracts and low-paid self-employment are costing the economy billions every year in lost tax revenues,” she added. Share Its new study claims that generally lower incomes for the self-employed and those on zero-hours contracts mean less tax is collected.The rise in low paid self-employment accounts for just over half – £2.1bn – of the bill, as the government picks up considerably less in the way of income tax and national insurance. Meanwhile, the increase in zero-hours contracts has left a £1.9bn hole in the public finances, according to the TUC.Read more: What the experts think the Pimlico Plumbers case means for the gig economyIts report, conducted by Landman Economics, uses tax and benefit modelling to show the impact of the growth in insecure work since 2006.Official figures show the number of self-employed people in the UK has grown 45 per cent since the turn of the millennium to 4.8m. The TUC says the number of self-employed who are low-paid has increased by more than a fifth during that time. whatsapp Read more: An unstoppable surge: London’s gig economy grows 72 per centO’Grady added that companies using zero-hours contracts and claiming self-employment when really workers should be deemed employed needed to fix up, so workers actually qualified for the likes of holiday pay and the national living wage.”Bosses who employ staff on shady contracts are cheating all of us. That’s why we desperately need more decent jobs that pay a fair wage,” she said. Tuesday 14 February 2017 8:39 am Rebecca Smith whatsapp The rise in insecure work is costing the Exchequer £4bn a year, warns the TUC More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com read more

Don’t let the migration target millstone drag back the British economy

Missed targets are often cause for concern and embarrassment for the ministers involved. In the case of immigration, however, it should be celebrated.Net immigration from the EU has fallen to its lowest level in more than five years, at 87,000 in the year to March, the Office for National Statistics said yesterday. Yet a rising number of non-EU migrants means net migration remains almost three times above the upper range of the government’s arbitrary target of reducing numbers to the “tens of thousands”. Don’t let the migration target millstone drag back the British economy Friday 24 August 2018 9:00 am whatsapp It has been a drumbeat from business for years: immigration is not a zero sum game, and we can all benefit if it is handled properly. Yet it bears repeating, not least because the government is showing signs of a welcome u-turn: removing the immigration target would be a triumph of good policy. The “tens of thousands” target has been a millstone around the neck of the Tories since it was made official government policy almost by accident. Drop it before it drags back the economy. The discomfort within the Cabinet is increasingly clear. Sajid Javid, with his liberal instincts, was an unlikely choice to to serve as Home Secretary in a May government, but his particular distaste for limiting immigration is clear from the grimace whenever “tens of thousands” is mentioned in his vicinity. Liam Fox, meanwhile, says it will be reviewed after Brexit.If the government has backed itself into a corner, it may be offered a back door out by an independent review of the economic impact of migration. We know what any review will find. The overwhelming weight of evidence suggests that immigrants provide a net benefit to the economy. Immigrants are workers; immigrants are the bearers of skills and knowledge from abroad; immigrants are taxpayers; immigrants are the creators of extra demand in the economy.Much of the government’s current predicament can be traced back to May’s predecessor, David Cameron. He signed up to the “tens of thousands” target despite knowing that it would be harmful to the economy if achieved. The thing is, he never intended to meet it. However, his political game-playing legitimised the arguments of those who do seek to limit immigration.There may be localised cases where migration has had a negative effect on wages or public services (although this is contested), but this is a failure of government distribution of spending, not an inevitable consequence of immigration.Meanwhile, unemployment is at four-decade lows and businesses are hoarse from their warnings of skills shortages. As our feature on London’s booming tech sector today makes clear, firms look with horror at the idea of further restrictions on bringing workers in from abroad when there are roles to fill. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsUndo Jasper Jolly whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org read more

The best of Bucharest: Romania’s wine regions come of age

It sounds unlikely, but when you arrive in the town it becomes a little more believable. The place itself is intoxicating, heavy with the fruits of the earth at every turn. Plums grow at the side of every road and the fields are teeming with wild herbs and overgrown brambles. In the kind of humid air that always threatens a thunderstorm, it smells delicious.This was what Mihnea Vasilache wanted to bottle up when he looked into buying a vineyard here. Romania is not short of vineyards, thanks to the collectivist agriculture policies enforced under the former Communist regime. But the hangover from this period of high production for the common good has resulted in Western connoisseurs perceiving Romanian wine as mass-produced and inelegant.“From the taste of the fruit to the taste in the bottle, there seemed to be a disconnect,” says Vasilache, an investor. “The wines all tasted the same and the reds were too oaked and too alcoholic.”Dagon Clan is Vasilache’s answer to this problem. Part of a new generation of small producers in the country, he wants to show the wine world what Romania can produce.It is a good time to do it. British drinkers in particular have developed a taste for Eastern European wines in the past couple of years, in part due to the price. You can get a decent bottle from Slovenia or Hungary for less than the equivalent French or Italian produce. With some worried Brexit could impact the cost of importing wine to the UK, good quality alternatives with a smaller price tag are looking more and more appealing. whatsapp Alys Key Share The best of Bucharest: Romania’s wine regions come of age In the Prahova county of Romania, just outside Bucharest, there is a town called Urlati. From the verb “urla”, to howl, its name could be translated as Screamtown.While there is some debate about how this came to be, one story goes that the townsfolk got so drunk all the time that you could hear their intoxicated shouts from the surrounding area. “One of the barriers is you want to imagine the context it’s grown in,” he says. “If you’re drinking Bordeaux you think of the big chateau. If you’re drinking Provence Rose you think of the south of France with the boats and the weather and the beach. People drink Romanian wine and they don’t have that picture in their head.”His solution to this is a subscription “discovery” box, showcasing sustainable wines made by small producers. He also hosts tasting events which give new drinkers an idea of the story behind the wine. “People love it,” he says. “They go mad for it.”As more enthusiasts venture into Romanian wine, more producers are emerging. EU funding has also been poured into the country’s agriculture.“There’s been an explosion,” says Vasilache. “You wouldn’t recognise the Romanian wine scene now compared to what it was 10 years ago”. During my trip I sample more wines by producers like Gramma, 1000 de Chipuri and Crama Basilescu.Each has its own distinct identity and taste, reflecting the diversity of this fascinating emerging market. Given the length of time needed to fully realise the full potential of a wine, it could be a transformation of which we have still only seen the first fruits. Meanwhile millennials are driving an interest in artisan alcohol, as the craft beer boom and ginnaissance have both shown. This suits Dagon’s wines, which are fresh and complex – not what people typically associate with Dealu Mare, Romania’s southern wine region.This is at least in part down to the influence of Mark Haisma, a winemaker with his own business in Burgundy. He came on board to advise the Dagon team after Vasilache introduced him to the area.“My direction was to be making wines that were very focused, very energy-driven, reflecting what I saw as an amazing potential,” he explains. “I wanted to throw the rulebook out and not be fixed with a traditional sense of winemaking.”The Dagon wines combine the region’s indigenous grapes Feteasca Alba and Feteasca Neagra with more well-known varieties. The white wine, made from the Alba and Sauvignon Blanc, recalls the wildflowers and herbs which surround the vineyard. The combination of Neagra and Pinot Noir in the red wine recalls the branches heavy with fruit around every corner. This is wine that expresses the patch of earth it came from.The pinnacle is the first wine using only grapes from Dagon’s own estate: Sandridge. Made from vines grown in a sandy strip of land, this is a full-bodied red that packs a punch without fully smacking you in the face. Of course, none of this is much good if customers are averse to trying it. This is where Richard Ellison of Wanderlust Wines comes in. His wine club is taking on the challenge of getting lesser-known bottles into the hands of the UK’s adventurous drinkers. Sunday 9 September 2018 11:34 pm whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com read more

Germany and France make Eurozone budget breakthrough

first_img Michael Searles whatsapp Saturday 17 November 2018 2:40 pm Tags: Eurozone The current proposal suggests it would be part of the EU budget but managed by Eurozone governments, who would have to agree a framework on who pays what.They would also then have to submit investment programmes to the European Commission for approval to withdraw funds. “The Eurozone budget would foster convergence and incentivise reform implementation in particular by co-financing growth-enhancing public expenditures such as investments, research and development, innovation and human capital,” the proposal says.“Moreover, it could also play a stabilising function in the eurozone, especially as investments are prone to be shed in case of pressure on national public finances,” it adds.More difficult talks will likely follow at a later date regarding how the budget could be used to help stabilise economies in need.  European finance ministers will be presented with a paper on Monday outlining the proposals from both countries, but France has accepted a German demand that it be part of the wider EU budget.The idea has had some resistance from other EU members, led by Holland, who are concerned by how much money it will require and how it will be used. “There’s an agreement with the Germans to say we need a budget for investment and competitiveness spending,” one Finance Ministry source said.It is thought that talks will avoid the controversial plans around using the budget to help eurozone countries in economic downturn, for now. The concept of the budget came about in June as both France and Germany agreed to flesh out plans before the year’s end, in a bid to more closely integrate countries who use the single currency. Share Germany and France make Eurozone budget breakthrough whatsapp Germany and France have made a breakthrough in discussions around a new budget for the Eurozone with French president Emmanuel Macron set to arrive in Berlin on Sunday. Macron has long fought for countries using the euro to have its own budget in order to withstand the kind of financial crises that have hit the continent in recent years. last_img read more

Four people killed in Strasbourg Christmas market shooting

first_img“Around 8 pm, an individual opened fire in the city centre of Strasbourg, rue des Orfèvres,” the Bas-Rhin state department said in a statement.  Four people killed in Strasbourg Christmas market shooting “The shots hurt several people. The provisional balance sheet mentions 11 victims, including 1 deceased person and 10 wounded evacuated to the hospital of Strasbourg.”The perpetrator is identified and actively sought.”French Interior Minister Christophe Castaner tweeted that “security and rescue services are mobilised.” The 29-year-old gunman has been identified but has not yet been arrested and a police hunt is underway. The country’s counter terrorism unit has opened an investigation into the incident, according to reports. Residents and visitors to the city have been advised to stay indoors after shots were fired at around 8pm, and the European Parliament in Strasbourg has been put on lockdown as a safety measure. Four people have died and several have been injured following a shooting at a Christmas market in the French city of Strasbourg. At least four people have been killed, Sky News reported, and at least seven people were seriously injured and taken to hospital after a gunman entered the market and opened fire this evening. Four others have suffered minor injuries, French authorities confirmed.  Jessica Clark Tags: Trading Archive whatsapp More to follow. whatsapp Tuesday 11 December 2018 8:30 pm Sharelast_img read more

Aim-listed startup Loop Up’s share price climbs as profits beat expectations

first_img Read more: Trade skyscrapers on a real estate stock exchange – here’s how it worksLoop Up also listed a string of recent contract wins, as well as a three-year contract renewal worth at least £2.34m with Clifford Chance to host conference calls across the law firm’s global operations.Aim-listed Loop Up has also opened new offices in Chicago, Dallas, Los Angeles, Atlanta and Madrid.“Looking ahead into 2019, we continue to see strong demand for the Loop Up product and remain confident in our ability to deliver future growth,” said co-chief executives Steve Flavell and Michael Hughes.“We’re very pleased to report continued strong business performance with transformational revenue growth, and profitability ahead of consensus expectations,” they added. Tuesday 12 February 2019 2:32 pm whatsapp Aim-listed startup Loop Up’s share price climbs as profits beat expectations by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comMisterStoryWoman files for divorce after seeing this photoMisterStorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comTheFashionBallThe Most Beautiful Women In SportsTheFashionBallGadgetheory39 Of The Most Beautiful Women In HistoryGadgetheory Shares at audio conferencing provider Loop Up rose almost nine per cent today as it told investors that profitability is “comfortably ahead” of expectations.The London-listed software firm added that revenue was in line with analyst forecasts in today’s trading update for its 2018 financial year. whatsappcenter_img LoopUp has been expanding since its merger with rival Meeting Zone last year, and has since fully integrated the firm with plans to migrate the audio conferencing business to the Loop Up platform by the summer.Shares rose 8.5 per cent to 352.5p.Read more: Hammond suggests no deal option could be removed on leaked callPeter McNally, an analyst from Panmure Gordon and Company, reiterated a ‘Buy’ rating for investors, saying the current share price offers an “opportune entry point”.“We also note that telecom-related recurring revenue tends to display resiliency in periods of low or negative economic growth,” he added. Share Alyana Vera Tags: Trading Archivelast_img read more

Labour pains: Seven MPs quit Corbyn’s party to launch The Independent Group

first_img Alexandra Rogers Share Monday 18 February 2019 10:18 am Labour leader Jeremy Corbyn said he was “disappointed that these MPs have felt unable to continue to work together”. The new party also attracted criticism from remaining Labour MPs. Shadow health secretary Jonathan Ashworth tweeted: The grassroots activist group Momentum said the resigning MPs wanted to “take us back to the politics of the past”.Momentum statement pic.twitter.com/IeXYqvbpYm— Ross Kempsell (@rosskempsell) February 18, 2019 whatsapp The mayor of London, Sadiq Khan, said it was a “desperately sad day”. Gapes, who joined the party over 50 years ago, said he was “sickened that Labour is now a racist and anti-semitic party”. He said Corbyn and those around him were on the “wrong side of so many international issues – on Russia, Syria and Venezuela”, while also branding the Labour leader a “threat to national security”.In a statement posted to the new party’s website, the group accused Labour of having “changed beyond recognition”.”Labour now pursues policies that would weaken our national security; accepts the narratives of states hostile to our country; has failed to take a lead in addressing the challenge of Brexit and to provide a strong and coherent alternative to the Conservatives’ approach; is passive in circumstances of international humanitarian distress; is hostile to businesses large and small; and threatens to destabilise the British economy in pursuit of ideological objectives.”They continued: “Today, visceral hatreds of other people, views and opinions are commonplace in and around the Labour party,. Fair pay and secure jobs Strong international alliances Devolving power to “the most appropriate level” Protecting the environment Upholding parliamentary democracycenter_img whatsapp Berger, a Jewish MP who recently faced a motion of no confidence from her local party, said the decision had been “very difficult, painful but necessary” decision but that she felt the leadership had “wilfully failed to address hatred of Jewish people in its ranks”.She said she felt “embarrassed and ashamed” to remain in Labour and that she was leaving behind a culture of “bullying, bigotry and intimidation”.Leslie said he had left the party because it had been taken over by “machine politics of the hard left” and that it had succumbed to a “narrow and outdated ideology”.His comments were echoed by Streatham MP Chuka Umunna, who said “fundamental change” was needed in British politics because the main parties had “failed to provide the clear direction the country clearly needs”.”The main parties can’t change because they have become the problem,” he said. “The values we hold mean that, in all conscience, we can have no confidence in the party’s collective leadership, competence or culture.”Sitting as the Independent Group of MPs we appeal to colleagues from all parties to consider the best interests of the country above short-term party-political considerations and choose to do likewise.”The party’s states values are: Labour pains: Seven MPs quit Corbyn’s party to launch The Independent Group Seven Labour MPs have resigned from the party and will now sit in parliament as an independent group in the wake of disaffection with the leadership’s stance on Brexit and anti-semitism.The MPs, calling themselves The Independent Group, are Luciana Berger, Chuka Umunna, Former shadow chancellor Chris Leslie, Mike Gapes, Gavin Shuker, Ann Coffey and Angela Smith. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: Trading Archivelast_img read more

City firms to shift £1 trillion in assets to EU as Brexit contingency plans take action

first_img City firms to shift £1 trillion in assets to EU as Brexit contingency plans take action More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp The City’s financial services firms have moved around £1 trillion of assets to Europe as the sector puts Brexit contingency plans into action.Companies have also increased job relocation in the last few months with around 7,000 set to move to Europe, according to EY. Tags: Trading Archive He added: “Continued uncertainty will undoubtedly lead to more assets and people being transferred from the UK and not necessarily to the EU.”EY said the £1 trillion figure was a “conservative estimate” and expected it to increased as Brexit approaches.Read more: More than 1,000 EU firms sign up to maintain City access in no-deal BrexitDublin remained the most popular destination of choice, but the gap has closed with Frankfurt and Luxembourg not far behind.“The City is resilient and it will remain the dominant European financial centre, thanks to the breadth of capabilities and the depth of its capital markets, but there is no room for complacency,” Ali said. whatsapp Read more: Sterling slides to fresh one-week low against dollar amid Brexit gloomThe company’s latest financial services Brexit tracker revealed that companies have announced the transfer around £1 trillion of assets, up from £800bn at the end of November last year.It said 52 per cent of global banks, investment banks, brokerages, wealth and asset managers and insurers have now confirmed intentions to move some operations to Europe.EY’s head of UK financial services, Omar Ali said: “As the 29 March draws nearer, companies are reconfirming or revising the statements they have made about the extent of staff and operational changes they are making.But we are not seeing many last-minute surprises – firms are executing their plans as expected.” Thursday 21 March 2019 4:12 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets Detective Callum Keown last_img read more

British public’s inflation expectations hit 10-year high

first_imgRead more: UK inflation rises above two per cent target as energy costs increase Callum Keown British public’s inflation expectations hit 10-year high However, inflation in 2020 is expected to be lower than originally forecast, at around 1.7 per cent, thanks largely to falling wholesale gas and electricity prices. But short-term expectations over the next year fell to 3.1 per cent from 3.2 per cent the previous quarter. The British public’s expectations for inflation over the next five years has risen to the highest level in more than a decade. Inflation rose above the Bank’s two per cent target to 2.1 per cent in April after the Ofgem price cap was increased, pushing up energy prices. Read more: Interest rates would be hiked in orderly Brexit, Bank says LONDON, ENGLAND – JANUARY 24: City workers walk past the Bank of England, in the financial district, also known as the Square Mile, on January 24, 2017 in London, England. Following the announcement by Britain’s Prime Minister Theresa May that Britain will leave the single market, financial organisations such as UBS and Goldman Sachs have reported that they are seriously considering either cutting staff or moving them from London. (Photo by Leon Neal/Getty Images) EY Item Club analyst Howard Archer said it was “mixed news” for the Bank’s monetary policy committee (MPC), which has adopted a ‘wait and see’ approach on interest rates recently due to Brexit uncertainty. The Bank of England’s quarterly survey showed that the public’s average inflation expectations in five years has risen to 3.8 per cent, compared to 3.4 per cent in February. whatsappcenter_img The MPC voted to hold interest rates at its most recent meeting at the beginning of May, as it painted a picture of an economy propped up by household spending amid Brexit uncertainty. Friday 7 June 2019 12:10 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast 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 OracleZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost 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 40HealthyGemPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun whatsapp Share “The slight dip in inflation expectations on a one-year horizon may well have been influenced by Brexit being delayed from late-March to 31 October,” he added. Archer added that latest public survey was unlikely to markedly influence the MPC’s current thinking and predicted interest rates to remain at 0.75 per cent through the rest of 2019. “There are concerns that prices could be pushed up by a disruptive “no deal” Brexit that causes sterling to fall significantly and push up import prices.” The Bank maintained its view that “an ongoing tightening of monetary policy” from now until 2022 was the right course, largely due to its prediction that excess demand will pick up strongly in the economy.last_img read more