Monday, 12 November, 2018

United Kingdom austerity ending, as long as Brexit deal gets done - Hammond

UK announces digital services tax on tech giants Amazon, other tech giants face UK 'digital services tax'
Lloyd Bates | 31 October, 2018, 16:31

The Chancellor's huge giveaway - including billions for the NHS and tax cuts for 32 million workers - has convinced one in five Britain will be better off.

"It was not a budget for a student", he said.

While total spending, including the effect of inflation, is set to rise, spending as a fraction of national income will fall slightly.

The Chancellor said the "era of austerity is coming to an end", and added: "The hard work of the British people is paying off in hard cash in their pockets". As a further bonus, her husband Lee would be approaching the higher-rate threshold with a pay rise - but now he can also safely earn significantly more and keep 80 per cent of it. Katie, from Leicester, said: "It's absolutely great and it means I have more money to spend on the family and the children".

The Chancellor denied he had "abandoned fiscal rectitude" but claimed a good Brexit deal could trigger more tax cuts and further boosts to public spending.

The chancellor previously allocated £1.5 billion for 2019/20 in last year's Budget.

Mr Bradley said: "I had two main asks of government to support Mansfield and I am pleased that the Chancellor has listened to us on both counts".

'But they also pose a real challenge for the sustainability and fairness of our tax system.

With an eye on Brexit negotiations, Mr Hammond announced an extra £500 million for preparations for the UK's departure from the European Union in March 2019.

Red Dead Redemption 2 is 2018's biggest entertainment launch
GTA V launched on a Tuesday, and pulled in one billion in three days, so that's why Red Dead 2 was able to take the weekend crown. We're still working hard on our review of Red Dead Redemption 2 , but expect it to arrive early this week.

Cardi B Says This One Aspect of Motherhood Drives Her 'Insane'
Once again, Nicki Minaj's Queen Radio became a trending topic on Twitter today. Even a week away from Kulture "would just drive me insane", she said.

China, Russia listening to Trump's cell phone calls
Chinese Foreign Ministry spokeswoman Hua Chunying said the New York Times report was "fake news". Trump regularly speaks in hopes of using them to influence the president", the Times reported.

But he said agreement with Brussels would result in a "deal dividend" for the economy.

A significant change will be the Chancellor's attempt to help fledging high-street businesses, who have certainly felt the pinch over the a year ago, with noticeable casualties such as House of Fraser, BHS, Byron Burger and Jamie's Italian.

"But what the OBR gives the OBR can take away".

- Debt peaked in 2016/17 at 85.2% of GDP and then falls in every year of the forecast from 83.7% this year; to 74.1% in 2023/24, allowing the Government to meet its target to get debt falling three years early.

Mr Hammond promised an extra £1.7 billion for the implementation of Universal Credit. The one-off capital payment would average £10,000 per primary school and £50,000 per secondary school, he said.

However, he rejected suggestions that this might mean reversing spending decisions announced in the autumn Budget, expected to include a £2 billion increase in mental health funding and nearly £30 billion for roads.

A £420 million fund will help local highway authorities fix potholes and carry out other maintenance tasks.

The government said the tax had been designed so that established tech giants shouldered the burden rather than start-ups.

"Given the dominance of the US tech giants, it is hard to see the Trump administration taking kindly to the digital sales tax as the United Kingdom sets out its stall for the best possible trade deal with the US", Dan Neidle, a tax partner at law firm Clifford Chance told the BBC.

Recommended

Isle of Man company linked with helicopter crash Isle of Man company linked with helicopter crash My objective when I arrived at Leicester was to secure Premier League safety, then we all know what happened. "He was like a dad". The players also felt that to fly to Cardiff might be deemed insensitive in light of the tragedy.

New Emoji Are Coming to Your iPhone in the iOS 12.1 Update New Emoji Are Coming to Your iPhone in the iOS 12.1 Update Apple, however, doesn't even list Sprint as supporting the dual SIM iPhones just yet, and now the AT&T domino has fallen as well. Earlier today, Apple rolled out iOS 12 .1, the first major update to iOS 12 since its release a few weeks back.

Bilawal Bhutto voices support for Supreme Court after landmark Asia Bibi verdict Bilawal Bhutto voices support for Supreme Court after landmark Asia Bibi verdict Pakistan's Supreme Court has acquitted a Christian woman who has been on death row for nearly eight years on blasphemy charges. She has been offered asylum by several countries and was expected to leave the country if acquitted.

Ninth child dies in deadly viral outbreak in New Jersey Ninth child dies in deadly viral outbreak in New Jersey State health officials said the ninth victim became ill before October 22, and that no patients have gotten sick since then. That said, investigations on the outbreak are ongoing, and so are the measures to prevent the further spread of the virus.

Afghans Go to Polls in Postponed Elections in Kandahar Afghans Go to Polls in Postponed Elections in Kandahar The Islamic State claimed responsibility for Monday's blast at Afghanistan's election commission in Kabul , according to a statement.

Passenger Plane Flight JT610 From Jakarta Crashes 13 Minutes After Take-off Passenger Plane Flight JT610 From Jakarta Crashes 13 Minutes After Take-off Malindo Air, a Malaysian subsidiary of Jakarta-based Lion Air, was the first airline to being using the 737 Max 8 previous year . Thirteen minutes into the flight, it suddenly lost altitude and disappeared from radar, according to local reports.

USA pipe bomb suspect claims to be Filipino USA  pipe bomb suspect claims to be Filipino Cesar Sayoc, 56, of Aventura, Florida, is facing federal charges and could receive up to 48 years in prison if convicted. The package was sent to the Time Warner Center, where CNN's New York City office is located.

Oscar forms, strengthens in Central Atlantic Ocean Oscar forms, strengthens in Central Atlantic Ocean Forecasters expect Oscar to become a hurricane later Sunday as its track curves toward the North Atlantic. Oscar became a tropical storm Saturday and was designated the eighth hurricane this season.

Man Utd 2-1 Everton Man Utd 2-1 Everton But United held on to manage just their second win in seven games to alleviate some of the pressure on Mourinho. The player himself told Sky Sports: "I am happy".

IPad Pro 2018 design revealed by leaked icon from iOS 12 IPad Pro 2018 design revealed by leaked icon from iOS 12 AirPower, which has seen numerous delays (as recently as last month), was removed nearly entirely from Apple's website. The first update to the Mac mini since 2014, adding new processors and features for professional users.

Display fingerprint sensor, dewdrop notch and more to expect Display fingerprint sensor, dewdrop notch and more to expect It will retain the same dual rear camera setup with 16-megapixel and 20-megapixel sensors and a 16-megapixel selfie shooter. In terms of storage capacity, the phone will start at 128GB for the £499 model and 256GB for the £579 version.

FBI uncovered bomb suspect's ID with DNA, fingerprint clues FBI uncovered bomb suspect's ID with DNA, fingerprint clues Trump's supporters have accused Democrats in turn of unfairly suggesting that the president was to blame for the bomb scares. Police closed roads around the AutoZone parking lot where Sayoc was arrested, and helicopters flew overhead.

El Clasico : La Liga lucky to have Messi, Ronaldo, says Guardiola El Clasico : La Liga lucky to have Messi, Ronaldo, says Guardiola Local media say that Lopetegui could be sacked if Madrid lose the Clasico , and he was defiant when asked about these reports. Manager Ernesto Valverde has challenged Barcelona to miss the injured Lionel Messi while they are winning without him.

Winning numbers drawn for $750 million Powerball jackpot Winning numbers drawn for $750 million Powerball jackpot Lottery officials said the winning tickets were sold in Arizona, Florida, Kentucky, New Jersey, New York, Oregon, and Wisconsin. A retired veteran, Raymond Heft of Madison, is the lucky victor of the $1 million Powerball drawing from Wednesday, Oct. 24.

Jose Mourinho Blames National Coaches For Manchester United's Injury Woes Jose Mourinho Blames National Coaches For Manchester United's Injury Woes Madrid were long linked with De Gea, having failed with an attempt to get him in 2015, shortly before he signed his latest contract extension.