Budget 2017 UK: Buzzword predictions and Philip Hammond’s speech odds from bookies – Brexit, Trump and the NHS

Share Brace yourself… there’s a Budget coming.Philip Hammond will be making his first speech laying out plans for spending and the telling the nation about the state of the economy in his Spring Budget on Wednesday. Lynsey Barber Tuesday 7 March 2017 4:52 pm And for anyone watching the clock, Hammond’s more likely to keep it under an hour (phew!). What’s in store from the newbie chancellor? And will he be picking up from where his predecessor George Osborne left off with a long term economic plan?  Don’t rule it out completely. Read more: This week’s Spring Budget: Everything we know so farOdds of 4/6 are on offer for the chancellor saying one of the previous administration’s favourite phrases, but unsurprisingly Brexit is even more likely, according to Ladbrokes. It would be a surprise if we were “all in it together” (another prior favourite) though, it’s more about it “working for eveyone”.Phrase of the moment – fake news – is a long shot at 20/1, as is Hammond adopting Trump’s favourite saying, “make Britain great again”. A Trump mentions itself is evens, the bookie says.Ladbrokes has also brought out of retirement odds for Ken Clarke to fall asleep after apparently being stungon that one back in 2011. It’s a bit of a punt at 16/1. whatsapp Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourWant Thicker Hair? Follow These 12 StepsVegamourHow Often Can You Dye Your Hair?VegamourBest Wine Gifts & Wine Accessories at Every PriceGayotTips & Tricks for Styling Thin HairVegamour Budget 2017 UK: Buzzword predictions and Philip Hammond’s speech odds from bookies – Brexit, Trump and the NHS whatsapp read more

Government hands London’s heritage organisations a £103m lifeline

first_imgFriday 9 October 2020 12:01 am A gallery assistant poses in The Painted Hall, which has been restored as part of a conservation project, at the Old Royal Naval College in Greenwich in London (Photo by Niklas HALLE’N / AFP) (AFP via Getty Images) Also Read: Government hands London’s heritage organisations a £103m lifeline A gallery assistant poses in The Painted Hall, which has been restored as part of a conservation project, at the Old Royal Naval College in Greenwich in London (Photo by Niklas HALLE’N / AFP) (AFP via Getty Images) Government hands London’s heritage organisations a £103m lifeline “But this hugely welcome funding from Government, and the money we continue to invest from the National Lottery, has undoubtedly stopped heritage and the organisations that care for it being permanently lost.” The £103m pot is being allocated by Historic England and the National Lottery Heritage Fund on behalf of the government. whatsapp More than 100 heritage sites across the capital are set to receive a lifesaving financial boost from the government’s Culture Recovery Fund. whatsapp A gallery assistant poses in The Painted Hall, which has been restored as part of a conservation project, at the Old Royal Naval College in Greenwich in London (Photo by Niklas HALLE’N / AFP) (AFP via Getty Images) Also Read: Government hands London’s heritage organisations a £103m lifeline Duncan Wilson, Historic England’s chief executive said: “The funding is an essential lifeline for our heritage and the people who work tirelessly to conserve it for us all, so that we can hand it on to future generations.” The funds will be used to help restart vital repair and maintenance work as well as keeping venues open to save jobs. center_img The announcement of the investment comes just after the National Trust announced plans to axe almost 1,300 jobs as it grapples with a huge loss of income. Ros Kerslake, chief executive of the National Lottery Heritage Fund said: “Our heritage is still facing a perilous future – we are not out of the woods yet.” Show Comments ▼ The Old Royal Naval College in the Maritime Greenwich World Heritage Site has been awarded £1m to help continue its operation during the pandemic. Sandycombe Lodge, the only surviving building designed by Turner, is set to receive £58,000. Share The Old Royal Naval College in Greenwich is among 129 recipients across London to receive a share of the £103m Culture Recovery Fund for heritage, to help them through the pandemic. Angharad Carrick The coronavirus outbreak has had an impact on almost every revenue stream for the charity, resulting in the closure of all of its sites and cancelling its events. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more

Floodwaters hit record highs in river north of Chicago

first_imgGovernment | National News | NPR News | Public Safety | WeatherFloodwaters hit record highs in river north of ChicagoJuly 16, 2017 by Bill Chappell, NPR News Share:A man carries sandbags to reinforce the barrier he build to keep the floodwater from reaching his house in Gurnee, Ill., Friday. Illinois officials say flood damage north of Chicago is expected to worsen this weekend as water flows down rivers.G-Jun Yam/APIt’s been more than 30 years since the Des Plaines River hit the flood stages that it reached Friday, setting records with flood stages from 12 to more than 16 feet in several cities in northeastern Illinois — far above the flood stage of 7 feet that’s normal for most of the area.The flooding north of Chicago has affected some 6,800 buildings and is “unprecedented,” Illinois officials said Friday, as member station WBEZ reports.In many places close to the city, things are only expected to get worse. The National Weather Service’s Chicago office has issued a flood warning that lasts until July 20, focusing on the Des Plaines River. It also issued an advisory for the Chicago River.Gov. Bruce Rauner declared a disaster in several counties Friday, after touring the damage in Gurnee, Ill., and surrounding areas.Flash flooding has also been reported in southeastern Wisconsin, where the Fox River reached record crests in recent days that resulted in reports of floodwaters that were 2-3 feet in people’s backyards in Waukesha, Wis., according to the federal weather agency.The water is slowly moving through the rivers after intense rainstorms drenched the region on July 12. Some areas saw at least 7 inches of rain that morning — and it followed previous rains, the National Weather Service says.“With summertime moisture at its maximum, the storms produced copious rainfall rates,” the service says.Both the Des Plaines and Fox rivers could crest on Saturday, WBEZ reports.Copyright 2017 NPR. To see more, visit http://www.npr.org/.Share this story:last_img read more

Murkowski, Sullivan split as immigration reform mires in Senate

first_imgFederal GovernmentMurkowski, Sullivan split as immigration reform mires in SenateFebruary 16, 2018 by Liz Ruskin, Alaska Public Media Share:Sen. Lisa Murkowski has been hashing out an immigration bill with senators of both parties. (Video still courtesy C-SPAN)The future of immigration reform was in doubt Thursday, after two proposals failed to win 60 votes in the U.S. Senate.Alaska’s U.S. senators split their votes, on both measures.Audio Playerhttp://media.aprn.org/2018/ann-20180215-01.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.One was President Donald Trump’s plan to grant legal status to 1.8 million young immigrants and spend at least $25 billion on border security.The other was a bipartisan compromise that would have legalized the same number of immigrants and spent $25 billion on border security, but over 10 years.The bipartisan plan did not curtail family-based immigration as much as Trump wants.U.S. Sen. Lisa Murkowski was part of a bipartisan group that’s been trying to get a compromise bill on immigration for weeks.She said it was uplifting to see Republicans and Democrats sit down and come to an agreement on tough issues.“We worked hard. We got a product,” Murkowski said. “It’s not a product that we are all in love with, but it’s a product that we can support.”Earlier in the day, Murkowski stood with 15 of her colleagues at a press conference to promote their compromise.One of Murkowski’s closest Senate allies, Susan Collins, R-Maine, co-chairs the group. They call themselves the Common Sense Coalition. When a reporter asked about the White House reaction to their solution, Collins turned the mic over to Sen. Lindsey Graham, R-S.C.“It’ll be more colorful,” Collins promised.Graham was not shy.“You got the president, who is, most days, pretty good on this. The Jan. 9th-Tuesday-Trump was awesome,” Graham said. “Show back up. Get us to a solution. Obama tried. Bush tried. Mr. President, you can do this.”But Trump tweeted vehemently against the bipartisan measure.He said it would be a catastrophe, amnesty for criminals and result in open borders.His cabinet lobbied Capitol Hill, urging senators to vote no.Trump said Democrats who want to help the young immigrants known as DREAMers should support his plan instead.In the end, neither measure passed the 60-vote threshhold.The bipartisan compromise got 54 votes. Most of the nos came from Republicans, but three Democrats also voted no. (Sen. Kamala Harris, D-Calif., said it went too far toward Trump’s goal of a border wall.)A grim Graham blamed both sides.“I don’t think the president helped very much,” Graham said. “But the bottom line is: The demagogues won again, on the left and the right.”The Trump plan got only 39 votes.Among them: U.S. Sen. Dan Sullivan’s.In a statement afterward, Sullivan called the bipartisan plan well-intentioned, but said it would have weakened border security and rewarded people for entering the country illegally.A spokesman said the senator talked with the Homeland Security secretary beforehand.Sullivan called America “a nation of immigrants,” but said immigration must be based on the rule of law.Share this story:last_img read more

The Bank of England’s chief economist Andy Haldane says next interest rates may be cut rather than raised

first_img whatsapp The Bank of England’s chief economist Andy Haldane says next interest rates may be cut rather than raised Jessica Morris The Bank of England’s (BoE) most dovish rate-setter, chief economist Andy Haldane, today said that the central bank’s next interest rate move could be a cut rather than a widely-expected hike.Speaking at the Portadown Chambers of Commerce in Northern Ireland Haldane said the balance of risks to UK growth and inflation are skewed “squarely and significantly to the downside”. “Were the downside risks I have discussed to materialise, there could be a need to loosen rather than tighten the monetary reins as a next step to support UK growth and return inflation to target,” he said.His comments are markedly different to those of governor Mark Carney who recently told the Treasury Select Committee that sustained momentum in the UK economy, and a firming of underlying inflationary pressures, would put the rate decision into sharper relief around the turn of this year.Read more: Haldane says “no rush” to hike interest ratesAnd Haldane’s views are not being seen as indicative of a change in the Bank’s approach by analysts. “While there is currently considerable uncertainty as to when the BoE is likely to start raising interest rates, Andy Haldane’s stance looks isolated within the monetary policy committee,” Howard Archer, chief UK and European economist at IHS, said.The free-thinking economist also said that an era of low or negative interest rates would mean central bankers have to think more imaginatively about monetary policy.One of a “non-exhaustive” list of options would be increasing inflation targets from two to four per cent, but he said this would be unpopular with the public, and could harm the Bank’s reputation in the long-run.Read more: MPs grill Bank of England’s Mark Carney on Beijing and interest rate rise timingsA second option would involve allowing unconventional measures like quantitative easing to be used by the BoE in normal, as well as crisis, times. Yet this would undermine the credibility of monetary policy.The third “most radical and durable option” involves utilising technology – possibly similar to that underpinning digital currencies such as bitcoin – to enable the bank to charge negative interest rates.”Whether a variant of this technology could support central bank-issued digital currency is very much an open question,” he said.”That is why work on central bank–issued digital currencies forms a core part of the Bank’s current research agenda.” Share whatsapp Friday 18 September 2015 3:12 pm Show Comments ▼last_img read more

Rugby union and rugby league compared ahead of Manchester showdown between England v Uruguay and Super League final

first_imgTV Money – UnionDespite the superior audience numbers enjoyed by Super League, the Premiership commands more in TV money from BT Sport than the rugby league competition does from its deal with Sky Sports.The Premiership recently renewed its deal with BT Sport – originally due to expire in 2017 – to 2020/21 and was believed to have negotiated an upgrade on the £152m value (or £38m a year) of the original.Super League signed a five-year deal with Sky Sports last year, to extend its 2011 deal worth £90m.It’s once again a different story in Australia, however, where the NRL recently negotiated a £435m contract with free-to-air Channel 9.Revenue – UnionEngland’s Rugby Football Union (RFU) is the richest association in world rugby. In 2014 it generated revenue of £152.2m.The Rugby Football League (RFL) generated just £19.2m. Rugby union and rugby league compared ahead of Manchester showdown between England v Uruguay and Super League final Share whatsapp Friday 9 October 2015 5:04 pm Sam Burgess has represented England in both codes of rugby (Source: Getty)MoneyHighest paid player – UnionWhen the World Cup finishes, Dan Carter will become the highest paid rugby player in the world of any code. Carter will join Racing Metro where he will earn £1.4m a year. League convert Sam Burgess is England and the Premiership’s highest paid player, with his first union contract at Bath worth £500,000 a year. When it comes to bodies through turnstiles, England’s union game has the edge. The Aviva Premiership (union) had an average attendance of 13,354 in the 2014/15 season while the Super League (league) 2014 season had an average attendance of 8,365.Twickenham attracted 81,193 fans for Saracens’ triumph over Bath in the Premiership final in May, while St. Helens’ victory over Wigan Warriors at last year’s Super League final was seen by 70,102 at Old Trafford.Outside of the UK, France’s Top 14 union competition enjoyed an average attendance of 13,207 while Australia’s National Rugby League (NRL) attracted an average of 16,127.TV audience – LeagueThis year’s Aviva Premiership final on BT Sport generated a record peak audience of 297,000. Meanwhile, early in the Super League season, Wigan’s 24 – 16 victory over Huddersfield on Sky Sports in February attracted an average audience of 299,300 according to the Rugby League Express. whatsapp Joe Hall Read more: Rugby’s 10 highest paid playersRugby league’s biggest earner is Daly Cherry-Evans, who signed a lifetime contract with NRL side Manly worth up to £800,000, after reneging on a deal with Gold Coast Titans.Highest salary cap – UnionUnion clubs in the Aviva Premiership must stick to a salary cap of £5.1m, with two excluded players.In contrast, Super League clubs must work within a budget of just £1.85m, but recently voted for a new marquee player rule to allow clubs to pay more for a star signing.Club owners had pushed for the rule after a number of rugby league stars – including Burgess – left for the richer NRL which operates under a £2.6m salary cap.Yet no league with a salary cap even comes close to the £8.6m permitted to French Top 14 teams. Competition Salary cap League – NRL £2.6m Union – Super Rugby (Aus teams only) £2.2m Union – Aviva Premiership £5.1m Last year’s grand final attracted 450,000 viewers when broadcast live on Sky Sports and when BBC showed highlights a day later 600,000 – perhaps enticed by word news of Ben Flower’s savage red card offence – tuned in. Rugby league’s massive following in Australia was well demonstrated by a TV audience of 4.5m for the NRL grand final and 2.21m watched the decider of the annual State of Origin series between Queensland and New South Wales. League – Super League £1.9m Show Comments ▼ Union – Top 14 £8.6m With fans of both codes sure to cross paths in city centre pubs and public transport, debates over the superiority of the two sports are sure to ignite.Which code demands more athleticism? Which sets pulses racing faster? Which is more popular? Which makes more money? We wouldn’t dare try and wade in on the first two, but here’s some facts to help with the second pair:Read more: Well played – Business lessons from the World CupPopularityAttendance – Union England travel to Manchester City’s Etihad Stadium to face Uruguay in a World Cup dead rubber this Saturday, their first excursion beyond Twickenham at the tournament.But you could forgive locals for averting their attentions to a different code of rugby as the Super League final between Leeds Rhinos and Wigan Warriors takes place across town.last_img read more

Major sports return to Naples with US Open & Chubb Classic

first_imgWoman shot outside Naples Waffle House June 16, 2021 AdvertisementTags: naplespickleballsports AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Naples soldier facing charges for wife’s murder June 16, 2021 NAPLES, Fla. – Two days before the US Open Pickleball Championships starts, preparations were being made at East Naples Community Park as the pros began practicing for the week-long event. “This is one of the few international events in pickleball,” said Chris Evon, the event’s co-founder. “We draw from all over the world, but we’ve got to make the best of what this is this year.” Pros like world number one ranked Ben Johns were at center court Friday getting in some practice time for the event that was canceled a year ago due to the pandemic.  “The US Open is one of my favorites, if not my favorite, tournaments,” said Johns. “There was definitely a lot of buildup since I missed a year. It’s really exciting now because it’s been so long since we’ve played here.” Sea turtle caught on camera nesting on Naples beach June 16, 2021 AdvertisementMeanwhile, about 25 minutes up the road the Chubb Classic of the PGA Champions Tour makes its return to Tiburon’s Black Course but was closed to the general public because of the ongoing pandemic. “I’ve played the last few times on the regular tour in Florida and there have been more fans, so it’s a little disappointing we don’t have fans here or many of them,” said US Ryder Cup Captain Steve Stricker. “But it’s still nice to see some people out here.” Fans or not, that didn’t dampen the excitement of those club members in attendance at the Chubb Classic.  RELATEDTOPICS  “It’s a nice privilege not to fight the crowds and get up close to watch the players,” said club member Alan Avtges.Back at the US Open, however, fans will be allowed to attend but while organizers aren’t sure what fan attendance will look like, competitors like Johns have a pretty good idea. “I’m expecting a full-on US Open party again,” said Johns. “I think the people are going to turn out en mass just like the last couple of years.”The US Open officially begins on Sunday with men’s and women’s pro singles play while the Chubb Classic concludes Sunday afternoon.  Study ranks Naples as best beach town in America to live June 16, 2021 Advertisement Advertisementlast_img read more

WATCH: Internet sensations the 2 Johnnies are coming to Laois for huge Macra fundraiser

first_img Community WhatsApp Pinterest WATCH: Internet sensations the 2 Johnnies are coming to Laois for huge Macra fundraiser Twitter The 2 Johnnies will perform in the Midlands Park Hotel on March 3 For the first time ever Laois Macra na Feirme will be hosting Internet Sensations The 2 Johnnies on Saturday, March 3, in the Midlands Park Hotel in Portlaoise.The 2 Johnnies are a comedy duo based in Cahir, Co Tipperary. They went viral with their song The Boom is Back in November 2017 and have continued to release more comedic songs and tour the country with their comedy shows.“We’re very excited to bring comedy duo The 2 Johnnies to the Midlands Park Hotel on March 3 as part of our main fundraiser for the year,” says Helen Dempsey, Laois Macra na Feirme Chairperson about the upcoming event.Helen travelled to Cahir last weekend to meet the duo – and take over the LaoisToday Snapchat account – and you can watch the video below, which also includes a snippet of one of their other well-known songs, Junior B All Star. In their typical good-natured sense of humour, they encourage everyone from Laois to come along on the night “except people from Camross!” although they do row back on that initial threat quickly enough!“Huge thanks must go to our generous sponsors, Condells for their support with our fundraising effort. A great night’s entertainment is guaranteed for all who attend.“This fundraiser will raise much needed funds towards the development of our county and all eight clubs. Macra na Feirme is a rural youth organisation for young people between the ages of 17 and 35 who are interested in getting involved in sports, travel, drama, debating, or just want to meet new people and have some fun!”Laois Macra na Feirme encompasses eight clubs around Laois; Camross, Clough, Durrow/Abbeyleix, East Laois, Mountmellick, Portlaoise, Rathdowney and Slievebloom.Laois Macra has a membership of almost 300 young people around the county. Clubs meet on a weekly basis to engage in the numerous activities which Macra has to offer.Doors open at 7pm and show starts at 8pm. Tickets cost €15 for Macra members and €20 for non Macra members and are available from any Macra club in Laois or on Eventbrite.Any Macra member who purchased a discounted ticket must produce a 2017/2018 membership card on the night.This is an over 18s event as some content may not be suitable for children. For more information you can contact the Laois Macra na Feirme Facebook Page or alternatively you can contact Helen on 087-9511765 with any queries.SEE ALSO – Late Late Valentine’s couple return to Laois location where love first blossomed! TAGSLaois Macra na FeirmeMidlands Park HotelThe 2 Johnnies Ten Laois based players named on Leinster rugby U-18 girls squad Five Laois monuments to receive almost €200,000 in government funding Community Home Lifestyle WATCH: Internet sensations the 2 Johnnies are coming to Laois for huge… LifestyleOut and About Previous articleInvestment needed to make Rock of Dunamaise a ‘visitor attraction of national significance’Next articleJOB VACANCIES: Busy Portlaoise Cafe looking to add 2 new staff Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Rugby By Steven Miller – 14th February 2018 Pinterest Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Twitter Facebooklast_img read more

IIROC outlines abusive HFT strategies

James Langton HFT costs global markets US$5 billion annually, FCA research finds Related news These sorts of abuses aren’t exclusively the domain of high-frequency, or algorithmic, traders, but they may be easier to carry out with this sort of technology, on a larger scale, and may pose systemic risks to market integrity, the guidance notes. However, the IIROC guidance also stresses that it is the abusive nature of the practice, not the means to conduct it, that harms market integrity. These kinds of trading practices are prohibited, whether they are conducted manually or electronically, and whether they rely on automated order systems and direct electronic access, or not, the notice points out. In addition to confirming that IIROC considers certain trading strategies to be violations of market integrity rules, the guidance also spells out that, as gatekeepers to the securities market, dealers must develop and implement appropriate policies and procedures to effectively address, detect, prevent and report manipulative and deceptive activity. And, it notes that its trade desk reviews will examine these sorts of policies and procedures to assess their adequacy. In its notice, IIROC reports that industry estimates put HFT activity at between 25% and 40% of trades on Canadian marketplaces. And, it notes that it is currently working on a study of HFT activity in the Canadian market that will provide an impact analysis of the effects of HFT on market quality and integrity. It also says that it is enhancing its monitoring capabilities through automated regulatory alerts “to detect highly-automated manipulative activity that may otherwise be challenging to identify”. IIROC adds that its HFT study may also generate further insights into novel forms of manipulative and deceptive activity requiring additional alerts. Comments on the proposed guidance is due by October 15. Getting ghosted by the markets The Investment Industry Regulatory Organization of Canada (IIROC) Tuesday published new draft guidance, confirming that it considers certain high-frequency trading (HFT) strategies to be manipulative or deceptive, and against the trading rules. IIROC has released draft guidance that stress that the self-regulatory organization (SRO) considers tactics such as layering, quote stuffing, quote manipulation, spoofing, and “abusive liquidity detection”, to be market manipulation under the trading rules. Share this article and your comments with peers on social media U.S. derivatives regulator allows ICE speed bump Keywords High frequency trading Facebook LinkedIn Twitter read more

PM Says IMF Terms will be Outlined in Parliament Shortly

first_imgRelatedPM Says IMF Terms will be Outlined in Parliament Shortly PM Says IMF Terms will be Outlined in Parliament Shortly Finance & Public ServiceNovember 24, 2009 RelatedPM Says IMF Terms will be Outlined in Parliament Shortly FacebookTwitterWhatsAppEmail Prime Minister the Hon. Bruce Golding says that the Government will outline the terms of its projected US$1.2 billion standby facility with the International Monetary Fund (IMF) in Parliament shortly.“We will very shortly be outlining in Parliament the terms of the IMF agreement, the details of the economic programme to be pursued and targets to be met, the policy measure to be implemented and the debt management strategy to be executed,” Mr. Golding told his Jamaica Labour Party (JLP) annual conference at the National Arena on Sunday (November 22).“We will also be outlining changes in our revenue programme, to ensure that we begin the process of closing the gap between expenditure and revenue,” he said.He explained that some Jamaicans will experience relief in these measures, including an increase in the income tax threshold to $440,000 from the current $320,736 as of January 1, 2010, which will affect the pay slips of some 132,000 workers. However, he said that the main thrust of revenue programme will be to “spread the burden of tax” more broadly and to shift the burden from Pay as You Earn (PAYE) contributors to “pay as you consume” General Consumption Tax (GCT) contributions.He said that the concept is already being rolled out, but the Government will have to make clear what it can do without a cost to the public, and what it cannot do without a cost.“We will have to be very clear in terms of the things that Government must provide without charge and the things that Government provides but must recover the cost,” he said.center_img RelatedPM Says IMF Terms will be Outlined in Parliament Shortly Advertisementslast_img read more