After borrowing surge, UK's Sunak to announce more spending

25 Novembre, 2020, 22:11 | Auteur: Auguste Feret
  • Britain's Chancellor of the Exchequer Sunak outside Downing Street in London

During his address, Sunak said his immediate priority was to protect people's lives and livelihoods as the country continues to battle the Coronavirus outbreak.

He spoke of the Government making tough choices, but one imagines the Prime Minister would prefer it if Number 11 remains the bearer of bad news when the time comes, rather than Number 10.

Without giving a timetable, he said that the government aims to return to the target first laid out by the Labour government of Tony Blair in 2004.

Liz Sugg, a junior minister at the Foreign Office, has quit, arguing that the decision "will diminish our power to influence other nations to do what is right".

He said the target would be "difficult to justify to the British people" at a time of such domestic hardship but insisted the United Kingdom would remain the second highest aid donor among G7 nations.

Speaking to the magazine Women's Own before the 1987 general election - which she would go on to win - she said: 'You know, there's no such thing as society.

"Our health emergency is not yet over and our economic emergency has only just begun", Sunak commented as he unveiled the latest spending review of Prime Minister Boris Johnson's government.

The Office for Budget Responsibility forecasts the economy will shrink 11.3% in 2020 and public-sector borrowing for the fiscal year ended in March will reach 394 billion pounds ($526 billion), equivalent to nearly 20% of national income, Treasury Chief Rishi Sunak told lawmakers. As a result the output lost during the pandemic won't have been recouped until the final quarter of 2022.

Tom Brady Has Become the NFL's Biggest Sore Loser | FOX Sports Radio
Brady has thrown 25 touchdown passes and nine interceptions on the season, including five of each over the last three games. I don't think it's anything in particular but I have great admiration for Nick and I think that he's a hell of a player.

Réouverture des commerces le 28 novembre : les commerçants ont été entendus
Si un couvre-feu de 21h à 7h sera en vigueur à partir de cette date, il sera levé les soirs du 24 et 31 décembre. Les boutiques pourront accueillir la clientèle jusqu'à 21 h et seront soumises à un protocole sanitaire strict .

Ghislaine Maxwell quarantined after jail staffer catches Covid-19
Maxwell, prosecutors continued, has had ample time to review the evidence, compared to other inmates with cases pending. Legal calls to her counsel are permitted for three hours a day in a room where she is alone without a jail staff member.

Sunak warned that the pandemic's cost will create long-term "scarring", with the economy 3% smaller in 2025 than predicted in March, before the spring lockdown.

The massive fall in output this year has led to a huge increase in government borrowing as the government sought to cushion the blow.

Mr Sunak said £280 billion was being spent on the coronavirus response this year.

The government will spend a whopping £100 billion on capital spending for infrastructure, Sunak said, £27 billion more "in real terms" than previous year, including on new housing, fast broadband to 5 million business premises, and 4G connectivity. Unison, the union representing public sector workers says £5 a week is negligible and these key workers should not be bearing the brunt of the costs of the pandemic - as they are the ones helping to combat it.

Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets, will be watching how the Bank of England reacts to Sunak's spending plans to see whether it maintains a significant degree of quantitative easing over the medium-term after a larger than expected increase in the support measure earlier this month.

Wales has been betrayed on post European Union funding in a Spending Review that does not support a fair recovery across the UK."Mr Sunak's announcement on the review for spending across the UK included a freeze on public sector pay apart from NHS workers and the lowest paid".

The pubic sector pay freeze announced by Rishi Sunak will be keenly felt in Wales.

He said that while the government would give pay rises to more than one million nurses, doctors and others working for the state health service, the offer could not be extended to other public-sector workers.



Le patron du foot africain suspendu cinq ans — Détournement de fonds
Pendant cinq bonnes années, l'homme politique devra oublier l'exercice de toutes fonctions liées au football. Il a été suspendu par la FIFA pour une période de cinq ans.

Suisse : attaque dans un supermarché, la police n'exclut pas des "motivations terroristes"
La Suisse n'a pas connu d'attaques d'extrémistes djihadistes d'envergure, comme cela a pu être le cas chez les voisins français. Le parquet fédéral, qui soupçonne un " acte terroriste ", s'est saisi de l'enquête.

Consuming cocoa flavanols improves brain function in adults, reveals study
The study participants also underwent non-invasive brain imaging to measure blood oxygenation levels in the brain. The volunteers also saw their blood oxygenation rise one minute faster compared to drinking non-enriched cocoa.

Rouhani calls for return to pre-Trump US-Iran situation
The original agreement was signed by the five permanent members of the United Nations' Security Council - China, France, Russia, the UK, and the U.S. , plus Germany.

Diego Armando Maradona est mort
Un but qui a été élu comme le plus beau du XXe siècle par la FIFA en 2002. Une triste nouvelle confirmée par le porte-parole de Maradona.

Boris Johnson Confirms Tier System Will Return After Lockdown Ends Next Wednesday
How do I find out which tier I'm in? The government is expected to announce what tiers each area will be placed in on Thursday. Wedding ceremonies can also resume in all tiers, subject to social distancing and a maximum of 15 guests.

France's Macron eases some lockdown rules amid "glimmer of hope"
He also said the government and parliament will have to discuss ways to make the isolation of infected people mandatory. Restaurants, bars, cafes and gyms would have to stay shut until January 20 to avoid the virus resurgence, he added.

Sunday's Utah-Arizona State game called off due to COVID-19
Utah will travel to Seattle for a 7:30 p.m. game Saturday at Husky Stadium, the Pac-12 confirmed Tuesday night. Washington reportedly tried to set up a non-conference game with BYU to no avail before Utah became available.

Covid-19 : Le vaccin russe "Spoutnik V" efficace à 95%
Plusieurs hauts responsables russes ont annoncé avoir déjà été vaccinés au Spoutnik V. Les essais ont également lieu aux Émirats arabes unis, au Venezuela et au Bélarus.

Le disque de John Lennon dédicacé à son meurtrier mis aux enchères
Une copie de Double Fantasy que l'ancien membre des Beatles avait enregistré avec Yoko Ono . L'album Double Fantasy dédidacé par John Lennon à Mark Chapman , son futur assassin.