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Latest Finance News related to Annual Budget

Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....No. A US president's annual budget is a policy wish list that stands little chance of being enacted. ...
Australian government to build second Sydney airport image
Source : BBC [Read Article] Tuesday 2nd of May 2017 02:52:03 AM
...."I think the community wants to see the project come to life as opposed to necessarily worrying about who builds or who operates it," New South Wales Premier Gladys Berejiklian said. Details of the plan will be announced next week when Mr Turnbull's government unveils its annual budget. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
.... Speaking in a room off an ornate corridor in the Guildhall, the civic centre built during the city’s flourishing maritime past, he says the council has been determined not to accept “managed decline” and has striven to attract investment. It has maintained services as far as possible despite government cuts of £104m, 42%, from the annual budget in the last five years. ...
UK nuclear decommissioning debacle costs government nearly £100m image
Source : Guardian [Read Article] Monday 27th of March 2017 09:22:20 AM
....” He added that there would be a further hit to the taxpayer because of the cost of a new tender. The NDA has an annual budget of £3. ...
New roads in England create more traffic, rural campaigners claim image
Source : Guardian [Read Article] Monday 20th of March 2017 07:00:30 AM
....The research, drawing on the government’s published evaluation of completed road schemes, was published as Highways England begins consultation over funding new roads. The annual budget for roadbuilding is set to triple to £3bn by the end of the decade under the road investment strategy announced in 2014. ...
BT Openreach deal aims to shakeup UK broadband image
Source : BBC [Read Article] Friday 10th of March 2017 07:18:06 AM
.... . He told BBC Radio 4's Today programme: "The BT board will set the annual budget. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
.... . Early reports are that the Environmental Protection Agency is facing sharp cuts, but its total annual budget is just over $8bn - a drop in the bucket. ...
The war on austerity has begun … in Surrey | Deborah Orr image
Source : Guardian [Read Article] Friday 20th of January 2017 05:23:34 PM
....Hodge has announced that, owing to cuts in central government funding, he wishes to raise council tax by 15%, to pay for social care. This is despite having made £450m in savings from Surrey’s annual budget. ...
Run the NHS and social care like John Lewis, says Frank Field image
Source : Guardian [Read Article] Friday 2nd of December 2016 06:00:08 AM
....Field said in his submission that only one fifth of the £114bn raised from NI contributions last year was spent on the NHS but said his plan would involve all the money raised being designated for health and social care. The MP said the mutual organisation that would take over responsibility would have an annual budget of at least £140bn. ...
£25bn hole will limit Philip Hammond's options in autumn statement, says IFS image
....5bn savings from unspecified “efficiencies” that Osborne said would be found by the end of the parliament. The government measures the state of the public finances in two ways – by the size of the annual budget deficit and by the size of the national debt, which tots up deficits and surpluses from every year up to the present. ...
Brexit 'rollercoaster' warning as Hammond axes deficit target image
Source : BBC [Read Article] Monday 3rd of October 2016 01:16:04 AM
....Mr Hammond said the government would use "all the tools at its disposal" to increase the amount of new housing stock "because making housing more affordable will be a vital part of building a country that works for everyone". Asked whether the public investment plan marked the end of the "age of austerity", Mr Hammond told BBC Radio 4's Today the annual budget deficit was still "eye-wateringly large" and that a framework was still required to get the public finances into the black "in due course". ...
School for mayors image
Source : BBC [Read Article] Tuesday 6th of September 2016 11:48:16 PM
.... There will be no charge for the mayoral students. Such training for mayors is badly needed, says Michael Nutter, who earlier this year ended two terms of office as mayor of Philadelphia, running a city with an annual budget of over $4bn (£3bn). ...

Inside 'Zika Ground Zero': How Miami's arts district is fighting back
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Source : Telegraph [Read Article] Sunday 7th of August 2016 09:27:19 PM
.... Key West, she said, is the only area in the whole US where liquid larvicide and granules are sprayed from the air. They have an annual budget of $10 million. ...

British donations to Christian charity World Vision were 'used to build a Hamas military base in Gaza'
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.... . The group has an annual budget of more than £2 billion and a roster of celebrity backers that includes Bill Clinton, Scarlett Johansson and Justin Bieber. ...
Banks need to tackle web fraud image
Source : Guardian [Read Article] Saturday 30th of July 2016 06:00:26 AM
....One in 10 of us fall victim to online scams, virus attacks and thefts of bank details every year. The sums stolen are truly spectacular: £193bn a year – 50% more than the annual budget for the entire NHS. ...
What is the European Union? image
Source : Guardian [Read Article] Thursday 9th of June 2016 11:00:05 AM
....The EU economy is the world’s biggest, at about €14tn. About 1% of that is devoted to an annual budget of about €144bn, which subdivides as follows:. ...
Cuts to public financial aid making it harder than ever to get a college degree image
.... The two sides can’t agree on a budget, and without one the state can’t release funds to other entities, such as colleges. For Chicago State, that has meant doing without 30% of its $105m annual budget since last July. ...
REVEALED: Typical pensioners need THIS amount a year to pay their bills image
Source : Daily Express [Read Article] Thursday 26th of May 2016 04:59:00 PM
....”. The biggest spending commitment for most pensioners is on recreation and culture which takes up 16 per cent (£1,830) of their annual budget. ...
Green really is the new black as Big Oil gets a taste for renewables image
Source : Guardian [Read Article] Saturday 21st of May 2016 03:00:16 PM
....Ben van Beurden, the Shell group chief executive, is expected to talk about the new division at the company’s annual capital markets day on 7 June, but it is known to encompass existing hydrogen, biofuels and electricity activities. Shell’s New Energies arm will have a $200m annual budget for acquisitions. ...
Turnbull's half-baked tax plan - it's really more about cutting services | Greg Jericho image
....It’s a premise that sounds feasible, a bit like saying kids aren’t really responsible for their spending because their parents give them pocket money rather than them going out and earning money. Except state governments already do raise money, do have to produce annual budgets and are awarded credit ratings (Queensland and Western Australia, for example, have had theirs downgraded in the past few years). ...
Trending in Japan: Restless retirees image
Source : BBC [Read Article] Monday 21st of March 2016 10:30:17 PM
....1% by 2040. Spending on healthcare and pensions already accounts for one-third of the country's annual budget and it is ballooning fast. ...
Source : Reuters [Read Article] Friday 18th of March 2016 10:16:32 AM
....As part of the savings needed to hit the target, he announced 4. 4 billion pounds worth of savings from disability benefits over the next five years as part of his annual budget statement. ...
Source : Reuters [Read Article] Friday 18th of March 2016 10:16:32 AM
....As part of the savings needed to hit the target, he announced 4. 4 billion pounds worth of savings from disability benefits over the next five years as part of his annual budget statement. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 12:07:48 PM
....5 percent after Ian McCafferty, an external member of the Monetary Policy Committee, last month abandoned his rate hike vote citing a weaker outlook for wages. The government on Wednesday sharply cut its growth forecasts for this year and next as it delivered its annual budget, after the central bank also revised down its growth estimates in the February inflation report. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 12:07:48 PM
....5 percent after Ian McCafferty, an external member of the Monetary Policy Committee, last month abandoned his rate hike vote citing a weaker outlook for wages. The government on Wednesday sharply cut its growth forecasts for this year and next as it delivered its annual budget, after the central bank also revised down its growth estimates in the February inflation report. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 09:50:31 AM
.... Chancellor George Osborne is running out of room to keep his centrepiece budget surplus plan on track without resorting to big tax increases or further deep spending cuts, economists said on Thursday. Osborne delivered an annual budget statement on Wednesday that maintained his target of putting Britain's public finances back in the black by the end of the decade, despite a much weaker outlook for the economy. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 09:50:31 AM
.... Chancellor George Osborne is running out of room to keep his centrepiece budget surplus plan on track without resorting to big tax increases or further deep spending cuts, economists said on Thursday. Osborne delivered an annual budget statement on Wednesday that maintained his target of putting Britain's public finances back in the black by the end of the decade, despite a much weaker outlook for the economy. ...
Source : Reuters [Read Article] Wednesday 16th of March 2016 01:57:10 PM
.... . "For those under 40, many of whom haven't had such a good deal from the pension system, I am introducing a completely new flexible way for the next generation to save," Osborne told parliament in his annual budget. ...
Source : Reuters [Read Article] Wednesday 16th of March 2016 09:46:04 AM
Source : Reuters [Read Article] Wednesday 16th of March 2016 09:38:30 AM
....Markit said its Household Finance Index for March weakened slightly after income from employment fell for the first time since December 2014, but optimism for the year ahead was its strongest since January 2015. This brighter outlook contrasts with the message finance minister George Osborne is likely to deliver in his annual budget statement later on Wednesday. ...
....Cuts in corporation and capital gains taxes and moves to ease income tax for many households were also aimed at pleasing MPs from his own Conservative Party, many of whom are angry that Osborne and Prime Minister David Cameron are pushing to keep Britain in the EU. Osborne used his annual budget statement to warn voters that leaving the bloc, which Britain joined in 1973, would usher in a period of dangerous volatility. ...
....Cuts in corporation and capital gains taxes and moves to ease income tax for many households were also aimed at pleasing lawmakers from his own Conservative Party, many of whom are angry that Osborne and Prime Minister David Cameron are pushing to keep Britain in the EU. Osborne used his annual budget statement to warn voters that leaving the bloc, which Britain joined in 1973, would usher in a period of dangerous volatility. ...
Source : Reuters [Read Article] Wednesday 16th of March 2016 07:13:41 AM
.... . On Sunday, he said he would need to announce fresh spending cuts in his annual budget statement to parliament, which starts at 1230 GMT. ...
Source : Reuters [Read Article] Friday 11th of March 2016 02:43:32 PM
. LONDON - Chancellor George Osborne is unlikely to meet his target of running a budget surplus by the end of the decade, according to a Reuters poll ahead of his annual budget statement on Wednesday. ...
Source : Reuters [Read Article] Tuesday 8th of March 2016 07:19:57 AM
....The Recruitment and Employment Confederation's (REC) monthly jobs report pointed to the biggest rise in hiring of permanent staff in three months last month, but warned that the labour market was at a "critical juncture". The REC cited Britain's June 23 referendum on membership of the European Union, turmoil in the global economy and finance minister George Osborne's annual budget next Wednesday as sources of uncertainty for employers. ...
VIDEO: Gas costs up as India cuts subsidies image
Source : BBC [Read Article] Sunday 6th of March 2016 11:50:44 PM
. India has unveiled some ambitious spending plans in its annual budget, and one thing that will help the government fund those promises is the continuing low price of oil. ...
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Viewpoint: Why Narendra Modi's budget looks strangely familiar image
Source : BBC [Read Article] Monday 29th of February 2016 11:39:32 AM
. So what is the verdict on India's Narendra Modi-led BJP government's third annual budget today? . ...
Is it getting any easier to do business in India? image
Source : BBC [Read Article] Friday 26th of February 2016 04:39:21 PM
.... . How the government will capitalise on this is something to watch on Monday, when India's Finance Minister Arun Jaitley unveils the annual budget. ...
Australian mining shares plunge image
Source : BBC [Read Article] Wednesday 24th of February 2016 03:37:39 AM
....45. In his annual budget speech on Wednesday, Hong Kong's financial secretary John Tsang said that the outlook was not positive and that the city's "political volatility" could hurt the economy. ...
Norway's oil-based wealth fund sells out of more fossil fuel companies image
Source : Guardian [Read Article] Friday 5th of February 2016 02:34:54 AM
....“We expect companies to communicate the impact of their activities on the environment and the factors that could affect their long-term profitability,” he said. The fund is currently worth around $794bn (£545bn), equivalent to around six annual budgets or more than $153,000 for each of the country’s 5. ...
Debt: 'I was up to my neck in it' image
Source : BBC [Read Article] Wednesday 20th of January 2016 11:20:04 AM
. Personal debt in Britain has topped £180bn according to research, more than the annual budget for the NHS. ...
Saudi Arabia reveals cuts plan to shrink $98bn budget deficit image
Source : Guardian [Read Article] Monday 28th of December 2015 04:12:34 PM
. Saudi Arabia has announced plans to cut government spending and reform its finances after plunging oil prices resulted in a record annual budget deficit of nearly $98bn (£66bn). ...
Scotland's debt mountain: Holyrood's borrowing could hit £50bn by 2020 image
Source : Guardian [Read Article] Tuesday 15th of December 2015 11:30:42 AM
....An investigation by the Guardian has found that total borrowing to build schools, roads, railway stations, colleges and hospitals under the devolved government could reach £50bn by the end of the decade, putting a heavy strain on the public finances. The scale of the debt, which dwarfs Holyrood’s annual budget of £30bn, has never been set out by ministers or investigated by the Scottish parliament. ...
'I am part of an eight-member assembly, running a small country' image
Source : Guardian [Read Article] Friday 4th of December 2015 07:25:09 AM
....We deal with an endless variety of different issues every week. As an eight-member assembly running a small country, we have to make day-to-day decisions on every subject imaginable, as well as setting the annual budget and debating new legislation. ...
Bill Gates calls fossil fuel divestment a 'false solution' image
Source : Guardian [Read Article] Wednesday 14th of October 2015 01:40:37 PM
....”. Gates called on the US government to triple its annual budget for energy research and development to $18bn (£11. ...
How an independent Catalonia plans to keep the euro image
Source : Telegraph [Read Article] Monday 28th of September 2015 05:16:29 PM
.... The Catalans would also have to hit the feted "convergence criteria" set out for all prospective euro countries. This would be a maximum 3pc annual budget deficit and a debt-to-GDP ratio below 60pc. ...
Meet John German: the man who helped expose Volkswagen's emissions scandal image
Source : Guardian [Read Article] Saturday 26th of September 2015 11:00:11 AM
.... “No, no, no, I can’t afford to yet,” German told his disappointed wife. He may have helped uncover one of the world’s biggest corporate scandals, but German earns a modest salary as US co-lead of the International Council on Clean Transportation (ICCT) a small nonprofit organisation dedicated to helping to reduce vehicle emissions and has an annual budget of just $12m. ...
Greece's new government will need a miracle to prosper in the euro  image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 01:45:50 PM
.... . The elections may bring about a semblance of political stability, but most analysts do not expect any government to meet the annual budget targets required for ever-increasing injections of rescue money. ...
Is it 1997 all over again? image
Source : BBC [Read Article] Friday 21st of August 2015 08:07:52 AM
...."Credit growth has begun to accelerate on the back of recent policy easing, which should feed through into stronger activity, albeit with a lag. The fiscal stance is also set to loosen in coming months as local governments accelerate spending to hit annual budget targets. ...
Young people must ‘earn or learn’, says Osborne image
Source : Guardian [Read Article] Wednesday 8th of July 2015 01:29:55 PM
....Maintenance grants will cost the Department for Business, Innovation and Skills (BIS) just under £1. 6bn this year, out of an annual budget of £13bn. ...
Why are we having another Budget? image
Source : BBC [Read Article] Wednesday 1st of July 2015 11:01:05 PM
....He may still not give full details of where the cuts will come, but it would be surprising if we did not know any more about it by the end of the day. You can see from the chart below how Mr Osborne is hoping to bring tax revenues and spending closer to each other to get rid of the annual budget deficit during this parliament. ...
Vanishing act: how global auditor failed to spot theft of 15% of Moldova's wealth image
....Grant Thornton, the UK based accountancy giant with local franchises in dozens of countries, was the auditor for three of Moldova’s largest banks through which the money was embezzled and spirited out of the country in complex financial transactions, some through UK companies. As a result, the authorities had to rescue the three banks with a bailout equivalent to half the annual budget. ...
Source : Reuters [Read Article] Wednesday 24th of June 2015 01:56:01 PM
....Last month, the leading mining companies formed a Diamond Producers Association with a focus on stimulating consumer demand. But its annual budget is just $6 million, which many delegates at the conference said was not enough. ...
From Glastonbury to Bestival, festival season is lucrative for small traders image
.... Typically, the cut taken by festival organisers ranges from 25-30%. With this in mind, they have to keep tight tabs on their annual budget, with most of the earnings coming in over the summer and pitch fees paid well in advance. ...
Source : Reuters [Read Article] Monday 22nd of June 2015 06:01:05 AM
.... Chancellor George Osborne has said he will press ahead with hefty cuts to welfare in a budget statement next month, a day after tens of thousands of people marched against austerity in central London. Writing in the Sunday Times, Osborne and welfare minister Iain Duncan Smith said the newly re-elected Conservative government would go ahead with plans to cut welfare spending by 12 billion pounds, out of an annual budget of 220 billion pounds, including old-age pensions. ...
UK government borrowing in May lowest since 2007 image
Source : Guardian [Read Article] Friday 19th of June 2015 10:20:15 AM
. George Osborne is on track to cut the annual budget deficit by more than previously forecast after a block on spending and a jump in tax receipts in May. ...
Financial crisis fixes leave policymakers short of ammo for next recession image
.... During the worst of the crisis in 2008-09, they cut taxes and increased spending in order to boost economic activity. In Britain, the result of running much bigger annual budget deficits led to a doubling of the national debt as a share of economic output from 40% to 80%. ...
EU referendum: Merkel will work with Cameron on EU – but will Tories let him? image
....” Interestingly, Redwood conceded that a treaty change was not on the cards. However, he then demanded the repatriation of banking regulation, oversight of member states’ annual budgets and the need to “regain control of our borders”. ...
Government borrowing figures boost for Tories image
Source : Guardian [Read Article] Thursday 23rd of April 2015 10:33:51 AM
Osborne’s prudence still rests on heroic forecasts image
Source : Telegraph [Read Article] Saturday 21st of March 2015 12:44:34 PM
.... For, as so many voters instinctively know, fiscal restraint is desperately needed. While I’m glad Osborne is campaigning on prudence – a return to an annual budget surplus by 2018-19, the first in almost 20 years – his numbers rest on rosy assumptions. ...
Britain's bankers to put wallets first in 'nightmare' election image
Source : Reuters [Read Article] Friday 20th of March 2015 10:07:06 AM
.... . With voters still aggrieved at how the banks have snapped back from the financial crisis with bumper pay packets intact, the Conservatives have also targeted the sector, with Finance Minister George Osborne hiking an industry levy by one third in his annual budget this week. ...
Source : Reuters [Read Article] Thursday 19th of March 2015 07:52:19 AM
. Chancellor George Osborne delivered his annual budget statement on Wednesday, his final chance to persuade voters his economic plans were working before a national election on May 7. ...
Source : Reuters [Read Article] Thursday 19th of March 2015 07:18:46 AM
. Britain will allow workers to keep more of their earnings before they start to pay income tax, Chancellor George Osborne said on Wednesday in an annual budget statement delivered seven weeks before national elections. ...
Bitcoin: Government to regulate cryptocurrency to avoid money laundering, says Treasury image
....The Government is to regulate bitcoin exchanges to stop their use as money laundering hubs, the Treasury said today. In a report published alongside George Osborne's annual budget, the Treasury said the new regulation would support innovation and prevent criminal use of digital currencies. ...
Source : Reuters [Read Article] Wednesday 18th of March 2015 01:52:45 PM
. The government will allow workers to keep more of their earnings before they start to pay income tax, Chancellor George Osborne said on Wednesday in an annual budget statement delivered seven weeks before the election. ...
Osborne reduces pace of cuts, sees faster growth image
Source : Reuters [Read Article] Wednesday 18th of March 2015 01:22:10 PM
....Chancellor George Osborne lowered his target for a future budget surplus and announced higher economic growth forecasts as he sought to show voters that the country's recovery is entrenched. Osborne, in his annual budget statement to parliament on Wednesday, said he was aiming for a sharply lower budget surplus by the end of the decade than the target he announced just over three months ago. ...
Osborne readies final budget before knife-edge election image
Source : Reuters [Read Article] Wednesday 18th of March 2015 07:16:59 AM
. Chancellor George Osborne will try to make voters feel that the economy's recovery is finally working for them when he delivers an annual budget on Wednesday, seven weeks before a general election that remains too close to call. ...
Osborne unveils pension reform, pledges no pre-election budget giveaways image
....Chancellor George Osborne offered a sweetener to pensioners on Sunday, less than two months before the general election, but promised there would be no big giveaways for voters when he sets out his final pre-vote budget. With many opinion polls showing the governing Conservatives neck-and-neck with the opposition Labour party, Osborne will be looking for a chance to boost his party's re-election prospects at his annual budget statement on Wednesday. ...
India surprises with second interest rate cut image
Source : BBC [Read Article] Wednesday 4th of March 2015 03:45:31 AM
....And so, to me, this looks like a vote of confidence from the central bank, perhaps especially the way the finance minster gave himself an extra year to hit the 3% budget deficit target - specifically to allow more infrastructure spending on the roads, bridges and other projects so badly-needed. The move comes after the government delivered its first annual budget last week and days after the central bank and government agreed to introduce inflation targets. ...
South African budget raises taxes and cuts spending image
Source : BBC [Read Article] Wednesday 25th of February 2015 01:48:04 PM
....South Africans were told on Wednesday to prepare for higher taxes, cutbacks in spending and three more years of power cuts. The government's annual budget outlined a 1% increase in personal income tax and spending cuts of 25bn rand (£1. ...

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