Politics


Posts filtered by tags: Economic policy[x]


 

The market and Congress are locked in a high-stakes game of chicken — and who blinks first will determine where stocks go next

Reuters Congress is set to resume debate this week over another round of stimulus measures, and how negotiations proceed could either accelerate the US economic recovery or stop it in its tracks.Aid from the last stimulus bill has dried up even as millions of Americans remain jobless. But record-setting stock prices "have not really done their job of pressuring Congress into action," Morgan Stanley said in a recent note.The scenario is a "chicken or the egg situation," said Seema Shah, the...
Tags: Politics, Congress, Senate, White House, US, Barack Obama, Trends, Markets, Economy, Gop, Economic policy, Bill Gates, Stocks, Federal Reserve, Stock Market, Donald Trump


The market and Congress are locked in a high-stakes game of chicken — and who blinks first will ultimately determine where stocks go next

Reuters Congress is set to resume debate over another round of stimulus this week, and how negotiations proceed has the potential to either accelerate the US economic recovery or halt it in its tracks.Aid from the last stimulus bill has dried up even as millions of Americans remain jobless. Yet record-setting stock prices "have not really done their job of pressuring Congress into action," Morgan Stanley said in a recent note.The scenario is a "chicken or the egg situation," Seema Shah, ch...
Tags: Politics, Congress, Senate, White House, US, Barack Obama, Trends, Markets, Economy, Gop, Economic policy, Bill Gates, Stocks, Federal Reserve, Stock Market, Morgan Stanley


Business leaders warn Boris Johnson that Brexit deal is essential

Government told failure will damage UK economy as critical negotiations beginBusiness leaders have warned Boris Johnson that securing a Brexit deal is essential for safeguarding Britain’s economic recovery from the coronavirus outbreak and avoiding higher prices in the shops for British consumers.Sounding the alarm after the prime minister said no deal would be a “good outcome” for Britain and confirmed plans that could undermine the government’s commitment to the EU withdrawal agreement, busine...
Tags: Europe, Business, Politics, UK, Economics, Eu, European Union, UK News, Euro, Britain, Foreign Policy, Currencies, Dollar, Economic policy, Boris Johnson, Sterling


Extend UK furlough or risk job cuts and loss of key skills, say manufacturers

Long-term competitiveness at risk if scheme ends for critical industrial sectors, says Make UKThe government’s furlough scheme must be extended for critical sectors of British industry or the country risks losing key skills as it recovers from the pandemic, according to the UK’s foremost manufacturing group.Make UK is joining calls for the government to change its mind about ending the coronavirus job retention scheme in the autumn, after a survey of its members showed almost two-thirds (62%) of...
Tags: Business, Politics, UK, Economics, UK News, Economic policy, Economic recovery, Job losses, Manufacturing sector, Economic growth (GDP, Coronavirus outbreak, UK job furlough scheme


Extend UK furlough or risk job cuts and loss of key skills, warn manufacturers

Long-term competitiveness at risk if scheme ends for critical industrial sectors, says Make UKThe government’s furlough scheme must be extended for critical sectors of British industry or the country risks losing key skills as it recovers from the pandemic, according to the UK’s foremost manufacturing group.Make UK is joining calls for the government to change its mind about ending the coronavirus job retention scheme in the autumn, after a survey of its members showed almost two-thirds (62%) of...
Tags: Business, Politics, UK, Economics, UK News, Economic policy, Economic recovery, Job losses, Manufacturing sector, Economic growth (GDP, Coronavirus outbreak, UK job furlough scheme


Boris Johnson tries to calm Tory mutiny with vow to keep taxes low

PM and chancellor Rishi Sunak play down talk of extensive tax rises in autumn budgetBoris Johnson and Rishi Sunak have vowed to keep taxes low, in a coordinated attempt to calm mutinous Tory MPs angered and unsettled by the government’s handling of the coronavirus crisis.In a series of briefings with so-called “red wall” Tories, the prime minister and the chancellor sought to play down suggestions that the autumn budget would include extensive tax increases to reduce the budget deficit. Continue...
Tags: Politics, Conservatives, UK News, Tax and spending, Economic policy, Boris Johnson, Johnson, Rishi Sunak


Trial to pay £13-a-day for low-paid in England to self-isolate a slap in face, say critics

Amount given to those that test positive for coronavirus criticised for being insufficientCoronavirus – latest updatesSee all our coronavirus coverageThe government trial to pay low-paid workers in England up to £13-a-day to self-isolate if they test positive for the coronavirus has been described as a “slap in the face” that would leave people without enough money to live on.Matt Hancock, the health secretary, defended the level of payment as being based on statutory sick pay of £95.85 a week b...
Tags: Health, Politics, England, UK News, Economic policy, Health policy, Matt Hancock, Coronavirus outbreak


As Germany extends furlough, Rishi Sunak wants UK to embrace change

UK unemployment expected to double but chancellor argues against continued state supportCoronavirus – latest updatesSee all our coronavirus coverageIt was hoped at the onset of the coronavirus pandemic that the economic fallout wouldn’t last too long. But as summer hurtles towards autumn, the catastrophic scale and persistence of the crisis is becoming increasingly clear.Germany extending its furlough wage subsidy scheme from 12 to 24 months is a decision being taken against this backdrop. The l...
Tags: Europe, Business, Politics, UK, Germany, Berlin, Economics, UK News, Unemployment, Economic policy, Uk Unemployment And Employment Statistics, Job losses, Rishi Sunak


Rutger Bregman: ‘What if we give children the freedom to play and learn on their own?’

A school with no classrooms, homework or grades encourages creativity and imagination, rather than an ability to sit still and nod• Time to reset: more brilliant ideas to remake the worldIn many places around the world, education has become something to be endured. A new generation is learning to run a rat race where the main metrics of success are your résumé and your pay cheque – a generation less inclined to colour outside the lines, less inclined to dream or to dare, to fantasise or explore....
Tags: Europe, Politics, Education, Life and style, World news, Economic policy, Netherlands, Schools, Exams, Rutger Bregman


Covid-19: UK economy plunges into deepest recession since records began

GDP falls 20.4% as coronavirus fuels biggest quarterly decline in growth since 1955UK falls into recession – live business updatesCoronavirus – latest updatesSee all our coronavirus coverageBritain’s economy has been officially confirmed in recession for the first time since the 2008 financial crisis as the coronavirus pandemic plunges the country into the deepest slump on record.The Office for National Statistics said gross domestic product (GDP), the broadest measure of economic prosperity, fe...
Tags: Business, Politics, UK, Recession, Economics, Society, UK News, Unemployment, Economic policy, Economic recovery, Job losses, Office For National Statistics, Economic growth (GDP, Coronavirus outbreak


UK to plunge into deepest slump on record with worst GDP drop of G7

Official measure to be declared this week as coronavirus lockdown shrinks GDP by 21% in second quarterBritain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.Figures from the Office for National Statistics on Wednesday are expected to show that gross domestic product (GDP), the broadest measure of economic prosperity, fell in the three months to June b...
Tags: Business, Politics, UK, Recession, Economics, UK News, Consumer Spending, Global Economy, Global recession, Economic policy, Economic recovery, Office For National Statistics, Brexit, Economic growth (GDP, Coronavirus outbreak


UK to plunge into deepest slump on record with worst fall in GDP among G7

Official measure to be declared this week as coronavirus lockdown shrinks GDP by 21% in second quarterBritain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record.Figures from the Office for National Statistics on Wednesday are expected to show gross domestic product (GDP), the broadest measure of economic prosperity, fell in the three months to June by 21%...
Tags: Business, Politics, UK, Recession, Economics, UK News, Consumer Spending, Global Economy, Global recession, Economic policy, Economic recovery, Office For National Statistics, Brexit, Economic growth (GDP, Coronavirus outbreak


Think 'sanctions' will trouble China? Then you're stuck in the politics of the past | Ai Weiwei

The complex history of how China and the US once embraced each other should inform how the current showdown is tackledThe Trump administration has floated the idea of sanctioning Chinese officials and members of the Communist party of China. Before we ask whether this is a good idea, let’s ask how Sino-US relations got to this stage.The US cold war with the Soviet Union was over ideology, but today’s standoff with China is different. The Chinese state has no ideology, no religion, no moral agend...
Tags: Business, Politics, China, US, International Trade, Economics, World news, US news, Asia Pacific, Xi Jinping, US politics, Global Economy, Economic policy, Donald Trump, Trump, Soviet Union


UK business demands rethink on furlough scheme wind down

Leading lobby group warns Rishi Sunak’s summer statement plans risk mass unemploymentBusiness leaders have warned Rishi Sunak that his multibillion-pound summer statement plan to save jobs is failing to prevent an unemployment crisis from taking hold.The British Chambers of Commerce (BCC) is demanding an urgent rethink from the chancellor, as the government starts scaling back its Covid-19 economic response, and warned that fewer than half of firms were planning to take up jobs support measures ...
Tags: Business, Politics, UK, Recession, Economics, UK News, Economic policy, Economic recovery, Uk Unemployment And Employment Statistics, Job losses, Chambers of Commerce BCC, Economic growth (GDP, Rishi Sunak, Coronavirus outbreak, Sunak, Summer statement 2020


Extend UK furlough subsidies to avoid mass job losses, Labour urges

Resolution Foundation claims half of those furloughed in April have not returned to workFrustrated firms fume at England’s lockdown U-turnHow Covid-19 has reshaped the UK jobs landscapeLabour and a leading welfare thinktank have called on the government to extend furlough subsidies for the hardest-hit industries as employers are forced to make financial contributions towards temporarily laid-off workers from this weekend.The Resolution Foundation said around half of the 9.2 million people placed...
Tags: Business, Politics, UK, England, Recession, Economics, UK News, Labour, Economic policy, Economic recovery, Job losses, Boris Johnson, Resolution Foundation, Economic growth (GDP, Rishi Sunak, Coronavirus outbreak


Furloughed workers: redundancy sums will be based on usual pay

Alok Sharma says new law will ‘ensure furloughed employees are not short-changed’ Coronavirus – latest updatesSee all our coronavirus coverageFurloughed workers will be guaranteed redundancy packages based on their normal wages if they lose their job, under a law to stop businesses from offering them reduced payouts.In an intervention designed to stop unscrupulous employers, ministers will introduce the law on Thursday to protect workers on the coronavirus job retention scheme . Continue reading...
Tags: Politics, UK News, Economic policy, Economic recovery, Alok Sharma, Coronavirus outbreak, UK job furlough scheme


It’s cheaper to preserve the Amazon than we might think

“The cattle need ladders to graze here.” That is what my wife’s relatives used to tell her after they moved to the Amazon rainforest. She visited their farm when she was 13, and the planted grass was taller than she was. Grass grows tall there because of the substantial amount of nutrients left on the ground immediately after deforesting. A few years after clearing the land, though, most nutrients were gone and the grass became thin. That is hardly surprising as the Amazon soil is known to be am...
Tags: Amazon, Books, Politics, Featured, Education, Climate Change, California, US, Economics, Deforestation, Sociology, Farmers, Economic policy, Brazil, Geography, Social Sciences


The Guardian view on the EU budget: hitting the wrong notes in Hamilton | Editorial

Brussels has the authority to borrow for the EU as a whole in response to the coronavirus-induced economic crisis. But cuts to national budgets are not the way to repay bondholdersThe European Union is a global heavyweight in trade and climate. But in political terms, it is puny. For all the Brexit conspiracy theories of a “United States of Europe”, the EU has no federal government. Brussels is not the continent’s capital, but home to its bureaucracy. The club’s power lies with member states tha...
Tags: Europe, Politics, Eu, European Union, European Central Bank, United States, Foreign Policy, Economic policy, Brussels, Brexit, Hamilton, GNI, Coronavirus outbreak


How prepared is Boris Johnson for a winter resurgence of coronavirus?

The prime minister says he is hoping for the best but planning for the worst. We look at key areas of concernCoronavirus – latest updatesSee all our coronavirus coverageBoris Johnson’s approach to a winter wave of Covid-19 is to hope for the best but plan for the worst, he said on Friday. The worst-case scenario was spelled out earlier in the week by the Academy of Medical Sciences: as many as 120,000 hospital patients dead. Avoiding that will depend on the state of preparations in many areas. C...
Tags: Health, Politics, Race, Society, UK News, Hospitals, NHS, Economic policy, Social Care, Local Government, Health policy, Boris Johnson, Johnson, Academy of Medical Sciences, Coronavirus outbreak


Until Covid-19 uncertainty melts away there's little chance of full economic recovery

Nations are entering the critical economic phase of the pandemic: how to get consumers spending againCoronavirus – latest updatesSee all our coronavirus coverageHealth considerations were all that mattered in the early stages of the Covid-19 pandemic. Governments ordered businesses to shut even though they knew activity would fall sharply as a consequence. There was a clear message to the public: stay at home and save lives.The lockdowns had the desired effect. The number of new cases soon peake...
Tags: Business, Politics, Economics, Australia news, Economic policy, Economic recovery, Economic growth (GDP, Coronavirus outbreak


Mass unemployment feared despite Rishi Sunak's 'plan for jobs'

Economic experts, unions and Labour sound warning after summer statementRishi Sunak has been warned he will need to act far more decisively to prevent mass unemployment this autumn after unveiling a £30bn mini budget designed to tempt nervous consumers out their Covid-19 hibernation.The chancellor announced a short-term cut in VAT for hospitality and tourism and an August “eat out to help out” discount scheme as the government sought to send out a message to the public that it was safe to leave ...
Tags: Business, Politics, Money, Economics, Tax, UK News, Labour, Trade unions, Economic policy, Property, Stamp Duty, Economic recovery, Job losses, Rishi Sunak, Summer statement 2020


UK coronavirus live: Rishi Sunak unveils stamp duty cut, furlough bonus and August discount for eating out

Chancellor delivers summer statement in the Commons on UK economic recovery from pandemicThe chancellor’s key points at a glanceFull report: Sunak unveils stamp duty holiday and hospitality VAT cutBoris Johnson refuses to apologise to care workers at PMQsPM’s local hospital closes to emergency admissions after Covid-19 outbreakGlobal coronavirus updates – live 2.28pm BST Business groups like the chancellor’s announcement.Here is an extract from the response from Dame Carolyn Fairbairn, the C...
Tags: Business, Politics, UK, Recession, Economics, Cbi, UK News, Housing Market, Tax and spending, Infectious Diseases, Labour, Today, Economic policy, House Of Commons, Boris Johnson, Pmqs


UK coronavirus live: Rishi Sunak unveils furlough bonus, stamp duty cut and August discount for eating out

Chancellor making summer statement in the Commons on UK economic recovery from pandemicThe chancellor’s key points at a glanceBoris Johnson refuses to apologise to care workers at PMQsPM’s local hospital closes to emergency admissions after Covid-19 outbreak‘We mess with this virus at our peril’: Sturgeon urges cautionGlobal coronavirus updates – live 1.28pm BST The struggling childcare sector is disappointed by the Chancellor’s statement, our colleague Sally Weale reports.“The Chancellor to...
Tags: Business, Politics, UK, Recession, Economics, UK News, Housing Market, Tax and spending, Infectious Diseases, Labour, Economic policy, House Of Commons, Boris Johnson, Pmqs, Johnson, Sturgeon


Summer statement: Rishi Sunak plans temporary job creation scheme for under-25s

Six-month placements aim to help those hardest hit by the Covid-19 lockdownSummer statement - the key announcementsCoronavirus – latest updatesSee all our coronavirus coverageRishi Sunak will respond to growing fears of a surge in youth unemployment from Britain’s pandemic-scarred economy on Wednesday with a £2bn temporary job creation scheme for the under-25s.Amid evidence that the fallout from the Covid-19-enforced lockdown has hit vulnerable young workers harder than other age groups, the cha...
Tags: Business, Politics, Recession, Economics, Conservatives, UK News, Britain, Unemployment, Economic policy, Youth Unemployment, Economic growth (GDP, Rishi Sunak, Coronavirus outbreak


Boris Johnson criticises Oxford decision to remove Rhodes statue

In wide-ranging interview, PM says jobs furlough not healthy and urges restraint as pubs openBoris Johnson has expressed opposition to removing a statue of Cecil Rhodes from Oxford University, in a rare newspaper interview in which he also said the jobs furlough scheme was not “healthy” for the economy in the long term and would end soon.Speaking to the Evening Standard, the prime minister said he did not agree with the decision of Oriel College to take down its statue of the Victorian imperiali...
Tags: Politics, Conservatives, UK News, Economic policy, Oxford, Boris Johnson, University of Oxford, Oxford University, Johnson, Rhodes, Oriel College, Cecil Rhodes


'New deal' risks fuelling emissions and eroding building standards

Green campaigners and housing experts warn Boris Johnson’s recovery plan could swiftly become a liabilityBoris Johnson’s plan to build tens of thousands of new homes risks locking in high carbon emissions for decades to come, if they are built to today’s poor efficiency standards instead of being designed for net zero carbon.The prime minister’s plans to “build, build, build” form the centrepiece of his “new deal” to lift Britain’s economy out of the coronavirus recession. About £12bn will go to...
Tags: Energy, Business, Politics, Climate Change, Housing, Environment, Economics, Communities, UK News, Britain, Greenhouse Gas Emissions, Economic policy, Economic recovery, Energy Efficiency, Boris Johnson, Johnson


UK coronavirus live: death toll rises by 155; employers in Leicester lockdown can re-furlough staff

PM speech on post-Covid recovery comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusNo 10 accused of sowing confusion over Leicester lockdownTheresa May: new national security adviser has ‘no proven expertise’Global coronavirus updates – live 5.09pm BST According to Nottinghamshire Live, the chief constable of Nottinghamshire police, Craig Guildford, has said that if his force finds people trav...
Tags: Business, Politics, UK, UK News, Tax and spending, Theresa May, Economic policy, Nicola Sturgeon, Nottinghamshire, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Keir Starmer, Matt Hancock


UK coronavirus live: employers in Leicester lockdown can re-furlough staff, says No 10

PM speech on post-Covid recovery comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusLeicester lockdown extension will mean change in law, Hancock saysMay criticises appointment of David Frost as national security adviserGlobal coronavirus updates – live 3.10pm BST There have been no new coronavirus deaths in Northern Ireland, according to the latest update from the Department of Health. 2.57pm...
Tags: Business, Politics, UK, UK News, Tax and spending, Theresa May, Economic policy, Northern Ireland, Nicola Sturgeon, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Keir Starmer, Department Of Health


UK coronavirus live: Boris Johnson refuses to rule out tax rises to pay for post-Covid recovery

PM speech comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusLeicester lockdown extension will mean change in law, Hancock saysUK economy hit by sharpest fall in 41 yearsGlobal coronavirus updates – live 1.26pm BST In his speech Boris Johnson promised “the most radical reforms to our planning system” since the second world war. Here is the news release about the plans, which are intended to mak...
Tags: Business, Politics, UK, England, UK News, Economic policy, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Matt Hancock, Coronavirus outbreak


'Absolutely fanciful': Boris Johnson's new deal not Rooseveltian, say critics

The PM wants to be put on the same pedestal as Franklin D Roosevelt as he unveils £5bn capital projectsBoris Johnson will seek to wrap himself in the mantle of one of the most-revered American presidents in modern times on Tuesday, as he attempts to refocus his premiership by promising a “New Deal” for Britain in the wake of the coronavirus crisis.According to pre-released extracts, Johnson’s speech will highlight projects worth £5bn, which he will “accelerate”, including improvements to schools...
Tags: Politics, Budget, Britain, Economic policy, Construction industry, Boris Johnson, Johnson, Franklin D Roosevelt, Rishi Sunak, Coronavirus outbreak



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