techkenyot.com
techkenyot.com October 15, 2018


Philip Hammond upbeat on growth and spending in spring statement

13 March 2018, 06:34 | Hattie Nash

Hammond said he is"positively Tigger-like in his optimism

BRITAIN-EU-POLITICS-BUDGET-BREXIT

Philip Hammond has said there is "light at the end of the tunnel" for the United Kingdom economy, with the government's official forecaster upgrading short-term growth projections and predicting falls in inflation, debt and borrowing - but warning of the growing impact from Brexit in future years.

Growth forecasts in 2019 and 2020 were kept unchanged at 1.3 per cent, Hammond told parliament, citing figures from the independent Office for Budget Responsibility.

Those forecasts, based on the assumption that Britain would stay in the European Union, saw growth of above 2 percent for each year between 2018 and 2021.

Mr McDonnell said the Tories had added £700 billion to the national debt over the past eight years.

Mr Hammond also gave a report on Britain's economy, with economic growth ahead of its predicted targets and inflation expected to slow in coming years.

Boney Kapoor, Janhvi and Khushi hold Sridevi's prayer meet in Chennai
According to the Deccan Chronicle , she was missing from the entire process of Sridevi's final send-off. Sridevi was in UAE for nephew Mohit Marwah's (son of Reena and Sandeep Marwah) wedding.

The chancellor has hinted that he will increase spending on public services when he delivers his budget in the autumn.

It should last somewhere between 20-30 minutes, but the entire session is expected to go on for a couple of hours.

The budget deficit for the current 2017/18 fiscal year has been cut to an estimated 45.2 billion pounds from a forecast of 49.9 billion made in November, Hammond said.

The OBR has already upgraded its fiscal forecasts twice over the previous year, in March 2017 and November, as tax receipts have come in stronger than previously expected.

"There is light at the end of the tunnel because what we are about to see is debt starting to fall after it has been growing for 17 continuous years", said the Chancellor.

Donald Trump sacks Secretary of State Rex Tillerson
Mr Trump tweeted that Mr Pompeo, "will do a fantastic job!" and thanked Mr Tillerson for his service. Mike and Gina have worked together for more than a year, and have developed a great mutual respect.

Chancellor Philip Hammond today unveiled lower government borrowing forecasts as slightly stronger growth and higher tax receipts boosted the public finances.

The chancellor said the latest estimates, which show public debt as a share of GDP falling for the next five years, showed the country was at a turning point, a decade on from the financial crisis.

There was, he said "light at the end of the tunnel".

Mr Hammond said this makes the economy vulnerable to future shocks and places "a significant burden on future generations". The consultation will remain open until 5 June 2018.

Mr Hammond said some businesses were avoiding paying VAT on sales, but he added that others were simply unfamiliar with paying taxes as this had been done on their behalf. His Treasury deputy Liz Truss said there would be "no red box, no rabbits out of the hat and no tax changes".

Verizon LG V30 Android 8.0 Oreo Update Released
The Xperia R1 offers 2GB of RAM and 16GB of internal storage, while the R1 Plus offers 3GB of RAM and 32GB of internal storage. HTC , on the other hand, has started pushing the Oreo update for the U Ultra , its very first flagship offering from 2017.

The Chancellor also informed MPs that around 60,000 first time buyers have benefited from the stamp duty relief he announced in the Autumn Budget. "As a nation we did it in 2017 and it is our business to do it again".



Other News

Trending Now

Skiers grab Canada's first gold, bronze medals at Pyeongchang Winter Paralympics
The athletics lineup includes alpine skiing, biathlon, cross-country skiing, ice hockey, snowboarding and wheelchair curling. Yesterday the opening ceremony of the Paralympic Games in Pyeongchang took place.

Koch Industries Inc. Acquires 282312 Shares of Time Warner Inc (NYSE:TWX)
Tower Research Capital Ltd Limited Liability Company (Trc) reported 18,258 shares. 12,970 were accumulated by M&T Bancorporation. Americafirst Capital Management LLC acquired a new stake in shares of Time Warner in the 3rd quarter valued at $106,000.

This stat about Marcus Rashford will silence all the Jose Mourinho doubters
Anthony Martial has returned from a thigh injury to add competition and Jesse Lingard, who was on the bench against Liverpool, is also pushing to start.

Abcam (LON:ABC) Given "Neutral" Rating at JPMorgan Chase & Co
It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. Dimensional Fund Advisors Limited Partnership holds 0% of its portfolio in Immersion Corporation (NASDAQ:IMMR) for 79,056 shares.

North Korea seen 'cautious' in announcing stance over upcoming summits: Seoul
The story so far: President Donald Trump accepted North Korea's invitation for direct talks with Kim Jong Un , to be held by May. North Korean media have reported the South Korean visit, but no details of the talks.

Katy Perry floors American Idol contestant with impromptu kiss
Trevor sang Brett Young's "In Case You Didn't Know", changing the lyrics to "In case you didn't know/Katy, I'm insane 'bout you". Nowhere has seen higher highs and lower lows when it comes to reality television than the American Idol audition stage.

Kim meeting only if N Korea fulfills promises: WH
Talking to North Korea may make sense, but at a lower level while maintaining " maximum pressure" sanctions . The South Korean newspaper cited an unidentified senior official in South Korea's presidential office.

Craig Mack Former Diddy's Bad Boy rapper dead at 46
Mack's debut album Project: Funk da World was released on Puff Daddy's record label and reached number 21 on the U.S. charts. Craig Mack , the NY rapper who scored a 1994 hit with Flava in Ya Ear , has died of heart failure, aged 46.

Girl afraid to wear Star Wars t-shirt gets tweet from Mark Hamill
A range of events will be held from Thursday to Monday, as part of the St Patrick's Festival. He conquered the Wild Atlantic Way, but now he's coming for the Big Shmoke. .

ATU Student Advances on American Idol
Naturally, this gets "I Kissed A Girl" singer Katy to sneakily plant one on the flabbergasted singer. "It's disgusting", she said. I'm into this whole thing. "Definitely a once in a lifetime experience". "Nothing's gonna stop me from pushing toward my dream".