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The "Sea and Coastal Water Transport in Ghana 2020" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Prime Minister Boris Johnson’s government is being accused of dropping its pledge to end austerity after cutting a further 4 billion pounds ($5.8 billion) a year for departments in the budget.The reductions in day-to-day spending plans unveiled on Wednesday by Chancellor of the Exchequer Rishi Sunak set the stage for a challenging review of resources for government ministries later this year. It adds to savings of over 12 billion pounds announced just four months ago and suggests a squeeze for everything except health, defense and education.Johnson swept to power in 2019 on a pledge to “level up” poorer regions and end years of cuts introduced by then finance minister George Osborne to tackle what was at the time a record budget deficit following the financial crisis. But his plans have been made more difficult by the even bigger levels of borrowing to get the country through the coronavirus pandemic.“It’s not going to feel like the end of austerity if you run a prison or bits of local government,” Torsten Bell, chief executive officer of the Resolution Foundation research group, said in briefing Thursday. “On public services, it’s going to feel like George Osborne is still around.”Sunak combined stimulus this year with plans for spending cuts and billions of pounds of tax increases on companies and individuals in the biggest revenue-raising budget since 1993. The overall tax burden is on course to reach the highest since the late 1960s, according to the Office for Budget Responsibility.In an analysis of the budget, the Institute for Fiscal Studies said so-called unprotected areas will see their budgets fall by around 1% in real terms in 2022-23, adding to the plight of departments such as the Home Office and the Ministry of Justice that bore the brunt of Osborne’s austerity drive.“It’s going to be something that feels a bit like austerity for at least some public services if we are going to keep to these public spending plans,” said Deputy Director Carl Emmerson. “It will be cuts coming on top of that very tight period of spending restraint for those areas.”Some questioned whether the current spending plans can be delivered, given the pressure to increase resources for the National Health Service and education in light of the pandemic. That could mean that even larger tax rises are required in the future to put the debt burden on a downward path.In broadcast interviews on Thursday, Sunak defended his budget, saying the Conservative government has increased day-to-day and capital spending by almost 70 billion pounds since being elected.“That’s a huge increase, delivering on our promises for more nurses, more police officers, more hospitals, leveling up across the country,” Sunak told BBC Radio. “Over the course of this parliament you will see public spending grow at what are historically high levels as we deliver on all of those commitments.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Medical Technology (MedTech) industry has rapidly developed in the last decade, offering new and innovative ways to address some fundamental medical challenges. Matt Watts is head of Product Research & Development at Sky Medical Technology, a British MedTech company that has created the first NICE-approved, bioelectronic muscle pump activator of its kind indicated for use in the US for VTE prevention across all patients, including non-surgical patients, alongside clearances for blood flow increase and oedema reduction.
Aggressor Adventures Consumer Travel Index indicates fascinating results about consumers' 2021 travel plans & the health benefits of being on water
Israeli drugmaker Teva is being investigated by EU antitrust regulators who are looking into whether it illegally hindered rivals' access to its multiple sclerosis medicine Copaxone. The European Commission, which carried out unannounced inspections of Teva in 2019 and 2020, said the probe will look into whether Teva has abused its dominant market position in breach of EU antitrust rules, which could lead to hefty fines. It said Teva may have artificially extended the market exclusivity of Copaxone by strategically filing and withdrawing patents after the 2015 expiry of a basic patent covering ingredient glatiramer acetate which is used in the drug.
The Nasdaq undercut lows while Amazon and stay-at-home winners like Zoom tumbled below 200-day lines. But the market rally isn't all dead yet.
Tens of thousands of Johnson & Johnson vaccine doses arrived in Minnesota Wednesday, giving a much-needed boost to the state's vaccine rollout.Why it matters: Something like normalcy could be here faster than anticipated. Gov. Tim Walz said he'd feel good about planning a June wedding. And he said the "brass ring is pretty grabbable" for the State Fair.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeDriving the news: Walz said that, even with a dip in shipments expected next week due to manufacturing constraints, we should soon ramp up to 200,000 doses a week. That increased supply would allow the state to "significantly beat" its end-of-March goal for vaccinating at least 70% of seniors — and open appointments to the next eligible groups even faster. As supply picks up, we'll also need infrastructure and systems in place to administer the doses. Walz signed a bill Wednesday allowing dentists to administer the vaccines.The state of play: At the current pace, we're on target to get 80% of adults one shot by late June, MPR News' David Montgomery projects. Doubling the doses per day would get us to herd immunity by May. A caveat: While case numbers remain stable, the governor still won't commit to a timeline for further lifting restrictions, given COVID variants.He's consulting public health leaders, including modeling experts at the Mayo Clinic, "to figure out if we can outrace this thing with vaccinations." This story first appeared in the Axios Twin Cities newsletter, designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.Sign up here.Like this article? Get more from Axios and subscribe to Axios Markets for free.
The operators of food stands at Minneapolis parks had a rough 2020 as the pandemic cut into business. The state of play: Overall revenue at Sea Salt Eatery, Bread & Pickle and Sandcastle was down a combined $2.4 million, or about 44% compared to 2019, according to data from the Minneapolis Park and Recreation Board. Get market news worthy of your time with Axios Markets. Subscribe for free.Sea Salt Eatery at Minnehaha Falls, the most popular of the three, lost 54% of its revenue. It had done $3.4 million in sales before the pandemic. Kim Bartmann's Bread & Pickle at Lake Harriet was only down about 14%. Why Bread & Pickle fared better: The food stand added delivery and curbside pickup and expanded its operations, Bartmann said. It also may have missed out on disruption from this summer's civil unrest — which was located closer to the other two vendors.The big picture: Bartmann, whose company also owns Barbette and Pat's Tap, estimated that her traditional restaurants lost 70 to 75% of their revenue last year compared to 2019. What's next: Despite the down year, more food options are coming to Minneapolis parks! Owamni by the Sioux Chef, an Indigenous foods restaurant, has been planning a spring opening at a new building next to St. Anthony Falls.The Park Board is in the design phase for a new pavilion, scheduled to open in 2023, on Bde Maka Ska. The former lakeside refractory burned down in 2019 and displaced vendor Lola, which is now serving from a food truck. This story first appeared in the Axios Twin Cities newsletter, designed to help readers get smarter, faster on the most consequential news unfolding in their own backyard.Sign up here.More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
The COVID-19 pandemic has made clear what is needed to make more progress toward workplace gender equity. For too long, the conversation about gender in the workplace has focused on telling women how to navigate a landscape that disadvantages them. Changing the status quo requires men — whose actions at work and at home affect the women around them every day — to do more than merely endorse the notion of gender equality.
Sen. Ron Johnson has threatened to force the Senate to read the entire nearly 700-page bill out loud.
LEHI, Utah (AP) _ Purple Innovation, Inc. (PRPL) on Thursday reported a loss of $2 million in its fourth quarter. Earnings, adjusted for non-recurring costs, came to 7 cents per share. The results fell short of Wall Street expectations.
Mar. 4—Haverhill lost more than 400 jobs when the Southwick clothing factory in the Broadway Business Park closed last year. Now, the city is poised to pick up 350 jobs when a proposed food processing plant opens in the same park. The city's Conservation Commission has approved an environmental permit for Paradigm Properties to construct a 128,000-square-foot, one-story building to be leased ...
Mar. 4—A state agency that investigates abuse of public money will probe the Clean River Project's finances and has the power to recommend criminal charges be brought. The Inspector General's Office will review Clean River's spending because the state auditor requested a review. The probe was set in motion when state Sen. Diana DiZoglio said she received complaints about misspending of grants ...
SAP SE (NYSE: SAP) today announced that it has filed the SAP Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission (SEC) and it is accessible online at https://www.sap.com/investors/sap-2020-annual-report-form-20f. SAP also announced that the SAP Integrated Report 2020 is now available and accessible online at www.sapintegratedreport.com. The SAP Integrated Report 2020 discusses the company's social, environmental and financial performance.
Mar. 4—A private group that has been praised for its Merrimack River cleanups is under scrutiny by the state, after complaints about how the group spends government money. State Sen. Diana DiZoglio, D-Methuen, has asked the state auditor's office to review the finances of the Methuen-based Clean River Project. DiZoglio said she supports the group's work, but is seeking a study of its finances ...
Mar. 4—Hundreds of homes across Haverhill — in both urban neighborhoods and rural areas — lost power Tuesday due to a windstorm, and some residents had to endure a bitterly cold night before electricity was restored the next day. Urban areas of the city such as the Acre and rural areas like the Chadwick Pond neighborhood were left without power after strong winds dropped tree limbs onto wires, ...
Mar. 4—As the school district continues making plans for students to return to classrooms full time, officials say they may run into problems finding space to maintain social distancing. The School Committee voted Feb. 11 to have Superintendent Margaret Marotta come up with a plan to meet Mayor James Fiorentini's goal of having students return to classrooms full time by April 1. But for those ...
Mar. 4—Police said the victim knew this was a dangerous mix: An angry man was holding three bottles of tequila under his arm and a pistol in his hand. Worse, the man pointed the gun at the victim and threatened him, according to police. Police said the incident in Haverhill led them to investigate the gunman — later identified as David Cash, 54, of 169 Morgan Drive, a man who is well known to ...
Mar. 4—Two brothers charged with shooting bullets at a home with people inside in the middle of the day were sentenced to four years in jail after pleading guilty. Police said the shooting happened just before 1:30 p.m. on Dec. 28, 2019, in the thickly settled Mount Washington neighborhood. The target was a home which was shot at two other times in previous months, police said. Brothers Aidan ...
Suspending the income threshold for paying the highest rate of tax means more than one in 10 workers will be paying the highest rate of tax for the first time in history.
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