Here’s How Fast The Economy Is Deteriorating In Britain
UK Chancellor George Osborne is unveiling the government’s budget.
As part of that, the government is also revealing various economic assumptions for growth, employment, borrowing, and so forth.
As you should know by now, things are deteriorating in the UK economy, which has caused the pound to tank.
The remarkable part is the speed.
Back in December, growth for the country was expected to be 1.2%.
Today, just a few months later? Just 0.6%. Oof.
Read more: http://www.businessinsider.com/heres-how-fast-the-economy-is-deteriorating-in-britain-2013-3#ixzz2O6buLiIM
zerohedge@zerohedge34 min
UK Government will provide an equity loan worth up to 20% of the value of new build home worth up to £600,000 – BBC
Bloomberg TV @BloombergTV43 min
BREAKING: U.K. chancellor to increase country’s bank levy rate to 0.142%
zerohedge@zerohedge1 min
UK Discloses Home Purchase Subsidy As Part Of Its Latest 2013 Budget
Today the UK did something the US hasn’t done in years: it disclosed its 2013 budget. Some of the details as per the BBC:
- Income tax threshold to be raised to £10,000 by next year
- Public sector net debt will fall by 2017/18, the Office for Budget Responsibility forecasts
- Beer duty cut by 1p a pint
- Planned fuel duty rise scrapped
- The first £2,000 to be taken off all employers’ National Insurance bill
- Chancellor George Osborne promises £3bn for infrastructure
- Economic growth is forecast to be 0.6% this year
- Service personnel to be exempt from public sector 1% pay rise cap
zerohedge@zerohedge18 min
BARCLAYS SEES `INEVITABLE’ U.K. RATING MOVES BY FITCH, S&P. -> BBBritain
The British government said on Wednesday it was sticking to its plan of austerity despite the sluggishness of the economy, adding that it would take longer to start reducing public debt than it predicted just three months ago.
http://www.nytimes.com/2013/03/21/business/global/britain-to-stick-with-austerity-budget.html
Luisport
No comments:
Post a Comment