Philip Hammond to give verdict on future of 1p and 2p coins

first_imgSunday 28 April 2019 5:42 pm whatsapp Philip Hammond to give verdict on future of 1p and 2p coins The Chancellor Philip Hammond is set to decide on the future of 1p and 2p coins this week, after much speculation that they could be axed.Read more: Scrapping 1p and 2p coins would have “no significant impact on prices” Share City A.M. understands that the two copper coins are likely to be saved by a Treasury review, which is expected towards the end of this week, into the use of different types of cash in the economy.The review will also discuss the future of the £50 note as well as the rapid increase in contactless and debit card payments. In February the consumer advice group Which called for the government to protect the interests of cash users who would find a cashless society difficult.Rumours have swirled that the penny and 2p could be taken out of circulation since Hammond called them “obsolete” in his 2018 Spring Statement. The Treasury also suggested that the £50 note could get the chop as it is largely used by criminals.After the Spring Statement Labour MP Wes Streeting labelled Hammond a “penny pincher” and said he should focus on the health of the economy, while a spokesperson for the Prime Minister said: “There are no proposals to scrap one or two pence coins.”Today The Mail on Sunday reported a well-placed source as saying: “We will confirm the penny coin won’t be scrapped. You’ll still be able to spend a penny under this Government.”center_img Many countries, including Canada and Australia, have scrapped their lowest value coins. A treasury consultation which accompanied the 2018 Spring Statement said most 1p and 2p coins were only used once before being discarded or put in a jar.Last year, economists at the Bank of England said removing the two coins from circulation “would have no significant impact on prices” as price rounding would have little effect and cash transactions make up only a low proportion of spending by value.Read more: Hammond kicks off search for new Bank of England governorIn 2016-17 the Royal Mint roughly halved its production of 1p and 2ps to 288m, from around 500m a year earlier. Tags: Bank of England People Philip Hammond whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost 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 HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Harry Robertson last_img read more

State to spend $4 million on Wrangell junkyard cleanup

first_imgEnvironment | Southeast | State GovernmentState to spend $4 million on Wrangell junkyard cleanupSeptember 28, 2015 by Katarina Sostaric, KSTK Share:An aerial view of the junkyard site four miles south of downtown Wrangell. (Photo courtesy of Alaska Department of Environmental Conservation)The Alaska Department of Environmental Conservation announced Sept. 21 that it will spend about $4 million to clean up a former Wrangell junkyard site with high levels of lead contamination.Wrangell Economic Development Director Carol Rushmore says Wrangell initially got a grant from the Environmental Protection Agency to test for contamination at the former site of the Byford junkyard, which is about 4 miles south of town.“The assessment came in and said we had very high levels of lead contamination and EPA jumped on it, was trying to get some funds, and then the accident in Colorado happened and those funds were diverted and we were told it wasn’t going to happen.”The accident Rushmore is referring to was when the EPA released waste from the Gold King Mine into a river in Colorado this summer. When federal funds were needed to clean up that mine waste, the state of Alaska took on the Wrangell junkyard cleanup.According to a DEC memo, the lead level at the former junkyard site is so high that it warrants an emergency cleanup.People living near the site could be affected by the high levels of lead in the ground. The EPA was planning to monitor lead levels in the blood of workers performing the cleanup due to the severity of the contamination.The site was used as a junkyard for a few decades where people dumped cars, batteries, oil and scrap metal. No effort was made to properly store those items.The City and Borough of Wrangell inherited the junkyard through a property tax foreclosure and cleared debris from the property. But it didn’t have the resources to excavate contaminated soil.Share this story:last_img read more

Red Carpet Concert: String of Lights, ‘Rusted Tracks’

first_imgArts & Culture | Juneau | KRNN | KXLLRed Carpet Concert: String of Lights, ‘Rusted Tracks’December 21, 2018 by Annie Bartholomew, KTOO Share:The Anchorage folk band String of Lights came down to Juneau for this year’s Alaska Folk Festival. We caught them for a Red Carpet Concert, performing the song “Rusted Tracks” from their 2016 album, “Migration.” Written by banjo player and vocalist, Heather Stewart, the song features guitarist Arkadi Futerman and cellist Jamie Whiteman of the Tanana Rafters.Created in collaboration with Justin Smith of Rusty Recordings in Gustavus, the video is part of our Red Carpet Concert series, an ongoing music video project by KTOO Public Media. Watch this video and other Red Carpet Concerts including Sean Tracey and Nate May at KTOO.org. Share this story:last_img read more

Botox maker Allergan accepts $66bn Actavis takeover bid as Valeant walks

first_img whatsapp Show Comments ▼ Tags: Mergers and acquisitions Botox maker Allergan yesterday accepted a $66bn (£42bn) takeover bid from Actavis, creating one of the top 10 biggest pharmaceutical companies in the world.The takeover ended a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International.Dublin-based Actavis offer amounted to billions more than Canada’s Valeant was prepared to pay. Valeant said it would walk away from its Allergan campaign shortly after the deal was announced. Ackman was not available for comment.The deal marks a surprise win for Allergan, which had fought the Valeant-Pershing alliance in court and among shareholders in one of the healthcare sector’s most complex takeover efforts.Allergan shares rose 5.3 per cent to close at $209.20. Actavis gained 1.7 per cent to $247.94.Allergan had argued that the Valeant offer, most recently worth about $54bn, would hurt its shareholders, given the Canadian drugmaker’s history of cutting research and development spending at firms it acquires. Apart from the higher price tag, the Actavis deal came with only $400m in R&D cuts for Allergan, far less than the $900m decrease that Valeant had proposed, the firms said.Actavis’ approach may help them integrate their operations and ensure some of Allergan’s experimental eye treatments for macular degeneration and glaucoma remain in the pipeline.“If these bets turn out well, Actavis will be seen as a better call,” said Morningstar analyst Michael Waterhouse. Botox maker Allergan accepts $66bn Actavis takeover bid as Valeant walks Joseph Millis Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Monday 17 November 2014 9:25 pm Share whatsapplast_img read more

Seven charts that sum up 2014

first_imgThursday 18 December 2014 4:06 pm Show Comments ▼ Share More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com whatsapp Jessica Morris Seven charts that sum up 2014 Tags: NULL (Source: Getty)Voter behaviour went awry  Politics isn’t dead yetHouse prices crash avertedGrowth rates returned to pre-crisis peaksWage growth finally beats inflationWhat for forward guidance?  Black Friday hit the UK whatsapp last_img read more

Kids on Security Patrol for Kim Event

first_img News US dollar and Chinese reminbi plummet against North Korean won once again News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] SHARE Facebook Twitter The North Korean authorities have mobilized students, some as young as ten, to take part in special patrols to ensure that no unforeseen incidents occur during the nationwide period of mourning to commemorate the 1994 death of Kim Il Sung. The mourning period lasts from July 6th to 14th.The authorities have prepared for any eventuality during the sensitive mourning spell by stepping up the defense of important buildings, statues and other public works related to the rule of the Kim family. Daily NK has confirmed that this year children as well as adults are doing the guard work. A source from Yangkang Province told Daily NK, “Every workplace, school and people’s unit has been involved in this ‘special patrol’ related to the mourning period for the last two days. Villages have also formed teams in each people’s unit and are doing daytime patrols.”“There are even patrols in elementary schools, nominally for the purpose of stopping incidents,” the source added. “But it is not the teachers doing it; it’s the students.”“Parents think it’s out of order,” the source went on. “Not least since kids of ten and eleven are unable to cope with problems even in the event that they do occur.”Meanwhile, “In the morning some adults participate in city improvement work and attend culture study sessions related to the mourning period, then at night they have to go on night patrols,” the source also revealed. But this is nothing new, he said: “Whenever the mourning period comes people complain that the dead are torturing the living.”While it is impossible to verify whether elementary school students are being mobilized for guard duties on a nationwide basis, it is well documented that life is harder than normal at such times. Punishments are particularly harsh for crimes committed during the periods, too. Famously, an incident occurred in the late 2000s where a Party cadre in Chongjin, North Hamkyung Province got into grave trouble for drinking alcohol during a mourning period for Kim Il Sung.Elsewhere, public singing and dancing, drinking of alcohol and gambling are all banned at this time of year, as are the four traditional ceremonial occasions: coming-of-age, weddings, funerals and ancestral rites. RELATED ARTICLESMORE FROM AUTHORcenter_img NewsEconomy Kids on Security Patrol for Kim Event North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) There are signs that North Korea is running into serious difficulties with its corn harvest News By Daily NK – 2013.07.09 2:24pm last_img read more

Toronto hedge fund manager settles with SEC

first_img James Langton The U.S. Securities and Exchange Commission on Thursday announced that a Manhattan-based investment advisory firm and its Toronto-based hedge fund manager have agreed to settle charges that they misled investors about a fund’s investment strategy and historical performance. They will reimburse investors US$2.9 million in losses. The SEC settled charges with QED Benchmark Management LLC and its Toronto-based founder/fund manager Peter Kuperman. “After obtaining millions of dollars from investors based on these misrepresentations, QED Benchmark and Kuperman deviated from their stated investment strategy and poured most of the fund’s assets into a single penny stock. They went on to make misleading and incomplete disclosures to fund investors about the value and liquidity of this penny stock investment,” the SEC says in a statement. The firm (which was started and operated in New York from 2004 to 2008 before moving to Toronto) and Kuperman consented to an SEC order settling the case, without admitting or denying its findings. Kuperman also agreed to pay a US$75,000 penalty and to be barred from the securities industry in the U.S. “Investment advisers must be completely candid when disclosing two key features that investors rely upon when making investment decisions: investment strategy and historical performance. This settlement enables investors in the QED Benchmark LP hedge fund to receive full monetary relief for losses suffered when they were misled on both fronts,” says Andrew Calamari, director of the SEC’s New York office, in a statement. BFI investors plead for firm’s sale Facebook LinkedIn Twitter Share this article and your comments with peers on social media Related news Keywords EnforcementCompanies Securities and Exchange Commission PwC alleges deleted emails, unusual transactions in Bridging Finance case Mouth mechanic turned market manipulatorlast_img read more

European regulators warn of Brexit-related risks

first_img FCA puts industry consultation on hold due to Brexit James Langton Financial industry risks abound, EU regulators say Financial sector bracing for Brexit The European Banking Authority (EBA) is calling on financial services firms to make preparations for the possibility that the U.K. may exit the European Union (EU) without a formal agreement in place dictating that country’s future relationship with the rest of Europe.The EBA issued a warning on Monday about the risks posed by lack of preparation among financial services institutions for the possible departure of the U.K. without a formal withdrawal agreement. The EBA also called on local regulators to ensure that financial services firms are taking practical steps to prepare for the possibility of the U.K.’s withdrawal next year. Keywords Brexit The EBA noted that regulators’ monitoring of firms’ contingency planning to date shows that “financial institutions need to speed up their preparations for the potential departure of the U.K. from the EU in March 2019 without a ratified withdrawal agreement in place.”The report warns that financial services institutions in both the EU and the U.K. must identify potential risks and exposures stemming from the departure of the U.K. without an agreement setting out the terms of the withdrawal.“In particular, financial institutions should ensure they have the correct regulatory permissions, and associated management capacity in place ahead of time. They should identify risks around access to financial market infrastructures and funding markets and mitigate those,” the EBA’s warning states. “Financial institutions should also assess and take necessary actions to address any impacts on rights and obligations of their existing contracts, in particular derivative contracts.”In addition, the EBA said that firms have a duty to communicate the possible impact to their clients.“Firms cannot take for granted that they continue to operate as at present nor can they rely on as yet unrealized political agreements or public policy interventions,” said Andrea Enria, chairwoman of the EBA, in a statement. “Risks, capacity and legal implications must be examined and addressed.” Related news EU flags waving in front of European Parliament building. Brussels, Belgium pgrecaud/123RF Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

UK launches Global Health Insurance Card

first_imgUK launches Global Health Insurance Card UK’s new Global Health Insurance Card (GHIC) launched as part of UK / EU dealGlobal Health Insurance Card (GHIC) will gradually replace existing European Health Insurance Cards (EHIC)UK residents will now be able to apply for a UK Global Health Insurance Card (GHIC), the government announced today.Under Britain’s new agreement with the EU, UK residents’ rights to emergency and medically necessary healthcare will continue when travelling in the EU. This includes medically necessary treatment for a pre-existing or chronic condition.Current European Health Insurance Cards (EHIC) are valid as long as they are in date and people can continue to use these when travelling to the EU.The public only need to apply for their new GHIC when their current EHIC expires. Both cards will offer equivalent protection for emergency and medically necessary healthcare needs when in the EU on a temporary stay, which includes holiday, study and business travel.The new GHIC card is free to obtain from the official GHIC website. People should apply at least 2 weeks before they plan to travel to ensure their card arrives on time.Minister for Health Edward Argar said:Our deal with the EU ensures the right for our citizens to access necessary healthcare on their holidays and travels to countries in the EU will continue.The GHIC is a key element of the UK’s future relationship with the EU and will provide certainty and security for all UK residents.Cover for emergency and medically necessary healthcare is part of a wider healthcare agreement struck with the EU that will see continued cooperation on healthcare for UK residents.If a UK resident is travelling without a card, they are still entitled to necessary healthcare and should contact the NHS Business Services Authority (NHS BSA) (which covers the whole of the UK), who can arrange for payment should they require treatment when abroad.EU member state EHICs will continue to be accepted by the NHS.Alongside the deal with the EU, the UK is open to agreeing further reciprocal healthcare arrangements that can support UK residents when they travel.The government always advises that anyone travelling overseas, whether to the EU or elsewhere in the world, should take out comprehensive travel insurance.Background informationAll UK residents are eligible to apply for a GHIC which will be valid and recognised in the EU.GHIC is free via the official website. Any sites which include a charging fee are in no way affiliated with the official NHSBSA GHIC service.The government recognises sensitivities around flags in Northern Ireland. As such, residents in Northern Ireland will be provided with an option to choose an alternative version of the GHIC card, which they will be able to apply for shortly. Keep checking www.nhs.uk/GHIC for updates.Under existing Common Travel Area arrangements with Ireland, UK residents will continue to be able to access necessary healthcare in Ireland by showing proof of residency documentation (such as a UK driving licence, a biometric residence permit, or a Northern Irish medical card) or EHIC or GHIC as used elsewhere in the EU.The GHIC covers medically necessary state-provided healthcare at a reduced cost or, in many cases, free of charge, until your planned return home.A temporary stay is a period during which you are staying in a place other than the one where you usually live and you do not move your ‘centre of interest’ there. For example, this can include holiday, study and business travel.Necessary healthcare means healthcare that becomes medically necessary during your stay and for which you cannot reasonably wait until you’re back in the UK to get. This includes medically necessary treatment for a pre-existing or chronic condition. Some treatments will need to be pre-arranged with the relevant healthcare provider in the country you’re visiting, for example kidney dialysis or chemotherapy.Necessary healthcare does not include healthcare that you travel specifically to receive, although individuals who want to seek planned treatment in a member state may be covered under the broader healthcare arrangements with the EU. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, biometric, business, chemotherapy, dialysis, Emergency, EU, Europe, global health, Government, healthcare, insurance, Ireland, residency, UK, UK Governmentlast_img read more

Face coverings no longer required in schools and colleges from 17 May

first_imgFace coverings no longer required in schools and colleges from 17 May Pupils will no longer be required to wear face coverings in schools and colleges from 17 May, the Prime Minister has confirmed.In a press conference this afternoon, the Prime Minister announced that the country’s roadmap out of lockdown is on track and Step 3 will go ahead as planned on 17 May.The latest data shows infection rates continuing to decrease, deaths and hospitalisations at their lowest level since July, and the vaccine rollout continuing at pace.In line with this data, pupils will no longer be required to wear face coverings in the classroom or communal areas in schools and colleges. This will improve interaction between teachers and students, ensuring the clearest possible communication to support learning.Transmission of the virus in schools continues to decrease in line with wider community transmission, with the latest statistics showing a significant drop in the number of teachers and staff testing positive.The decision has taken into consideration the latest scientific evidence, medical advice and stakeholder feedback on the impacts of wearing face coverings in schools and colleges.Education Secretary Gavin Williamson said:Step three of the roadmap allows people to mix indoors once again and in line with the latest data, we no longer need to recommend that face coverings are worn in the classroom.Over the past year we have always put the wellbeing of pupils and staff first, and this step is now the right one, as vaccinations protect the most vulnerable in society and we turn our attention to building back better from the pandemic.Testing in schools and colleges continues to be important, so I urge all students, families and teachers to keep testing themselves twice weekly, to help reduce the risk of transmission.John Simpson, Head of Public Health Advice, Guidance and Expertise Pillar (PHAGE) at Public Health England, said:Scientific studies show that COVID-19 transmission in schools remains low.This evidence has been reviewed alongside criteria for the wider easing of restrictions.It’s important to strike a balance between COVID-19 protection and student wellbeing and the guidance on face coverings for secondary school pupils has been kept under constant review.Existing control measures in schools including good ventilation, handwashing, social distancing where possible and twice weekly testing remain hugely important.Children’s Commissioner Rachel de Souza, said:The reopening of schools for all children has been so important and a real success, and I have been pleased to see so many children return to the classroom.I am glad that the government has made the decision to remove face coverings in schools for pupils, based on the latest scientific advice. Wearing a mask during lessons has been one of many sacrifices children have made over the last year in our fight against the pandemic and I know they will welcome this latest step towards a return to normal school life.The recommendation to wear face coverings in classrooms was introduced as a precautionary, temporary measure at a time where rates of coronavirus were high in the community, the school and college regular testing regime was about to begin, and the vaccine programme was in its early stages.All other protective measures such as ventilation and social distancing where possible will remain in place and regular rapid testing will continue to help find and isolate asymptomatic cases when they do occur.Staff are not required to wear face coverings in the classroom but should continue to wear them in communal areas such as the staff room, where social distancing may not be possible.Today’s updated guidance on how schools should operate from Step 3 of the roadmap also confirms that from 17 May, new residential educational visits can take place within the UK.The Department recommends schools and colleges do not plan for international visits to take place up to and including 5 September, recognising the logistical difficulties that will remain in place this academic year regarding overseas travel with groups of children. The position beyond 5 September will be reviewed in advance of Step 4.All measures in place for schools and colleges are kept under review based on the latest scientific and medical advice. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Commissioner, communication, conference, coronavirus, education, Government, health, infection, Prime Minister, public health, secondary school, Simpson, social distancing, statistics, UK, UK Governmentlast_img read more