whatsapp Read more: Mel Stride unveiled as new Treasury Select Committee chair He was moved on from the treasury in May to become Leader of the House of Commons after Andrea Leadsom resigned over May’s Brexit deal. The HM Revenue and Customs (HMRC) policy was introduced this year to claim back tax from people who used what was previously a legal tax loophole over the past 20 years. LONDON, ENGLAND – JUNE 18: Leader of the House of Commons Mel Stride leaves following a cabinet meeting at Downing Street on June 18, 2019 in London, England. The Conservative leadership contest will enter the next stage later today when a second round of voting is held in Parliament. (Photo by Leon Neal/Getty Images) Mel Stride was formerly a treasury minister for two years under ex-prime minister Theresa May. A look back at Mel Stride’s parliamentary career whatsapp It forces people with outstanding debts to pay the total in one lump sum. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Stride was responsible for HM Revenue and Customs in his role as minister and oversaw the scheme rollout. The former Oxford Union president is best remembered during his time in the role for spearheading the controversial Loan Charge. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaMisterStoryWoman files for divorce after seeing this photoMisterStorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistate Stefan Boscia He spent just two months in this role before being sacked by incoming Prime Minister Boris Johnson and replaced by Jacob Rees-Mogg. The 58-year-old entered the House of Commons in 2010, after being a part of David Cameron’s Conservative A-List. Stride was the first person to get selected from the 100-person list, which was comprised of people expected to take the Tory party into future success. He has won his seat comfortably in all three elections, claiming a 27 per cent majority in 2017. The Devon Central MP has been chastised for the policy, currently under government review, which has been linked to several suicides across the country. Share Read more: Phillip Hammond rules out running for Treasury Select Committee chair The new chair of the Treasury Select Committee is no stranger to the hallowed halls of 1 Horse Guards Road. Wednesday 23 October 2019 5:45 pm
The two men noted that it would still be possible for the UK to leave the EU before that point, if the Brexit legislation has been ratified in time. Two key Brussels figures have indicated they would back a full extension to the Brexit process, until 31 January. Catherine Neilan Sassoli, who visited Downing Street earlier this month, said the extension request would “allow the United Kingdom to clarify its position and the European Parliament to exercise its role.” Yesterday Boris Johnson threatened to pull the Brexit legislation known as the Withdrawal Agreement and pursue an election if MPs did not back the fast-track timetable in order to pave the way for a Brexit by 31 October, the date he has repeatedly committed to. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunUndoDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitionUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Main image: Getty Leo Varadkar, Irish Taoiseach, spoke with Donald Tusk this morning, where he backed the European Council president’s suggestion the EU should agree to extend Article 50 until early next year. But while the government won backing on the second reading of the WAB, MPs refused to toe the line on the programme motion – putting the future of the process back in the hands of the EU. Leaders of the other 27 member states are expected to give Tusk the yey-or-ney on an extension imminently. However, they could also agree a shorter extension to get the bill scrutinised, without sufficient time for an election, over fears it could further drag on. Shortly before that, new president of the European Parliament David Sassoli also said the EU27 should accept the Brexit extension until 31 January. Sassoli said: “After the vote of the British Parliament to allow more time to examine details of the withdrawal agreement and Prime Minister Boris Johnson’s decision to pause the bill following the vote, the British government’s request for an extension until January 31 remains on the table.“I think it is advisable, as requested by President Donald Tusk, that the European Council should accept this extension.” Last night Tusk said he would “recommend the EU27 accept the UK request for an extension”. Although he stopped short of stipulating the length of time, the request sent begrudgingly by Johnson on Saturday night sets out the three month delay. Britain’s Prime Minister Boris Johnson (R) shakes hands with European Parliament president David Sassoli prior to a private meeting at 10 Downing Street for a meeting in London on October 8, 2019. – Brexit talks between Britain and the European Union appeared to be on the verge of collapse on Tuesday, with Brussels accusing London of intransigence and threatening the bloc’s future. (Photo by Aaron Chown / AFP) (Photo by AARON CHOWN/AFP via Getty Images) Wednesday 23 October 2019 11:25 am Brexit latest: Brussels figures edge towards backing 31 January extension Labour has insisted it will only agree to go to the polls once a “no deal is off the table”. A party source confirmed to City A.M. that if a 31 January extension was granted, that would be “long enough to hold an election”. The move comes as Labour confirms that a three month delay would be long enough for the party to back an General Election. Both the EU and UK parliaments must ratify the agreement before it can proceed. Share Tags: Brexit whatsapp If an extension until early next year does go ahead, that will make the chances of a General Election before Christmas more likely.
Billy Ehrenberg by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunElvenar#StayAtHome and Play this Fantasy Game. No Install.Elvenar More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ whatsapp UK business is booming – but are workers being forced into self-employment? The number of businesses in the UK grew by 4.4 per cent between March 2013 and March 2014 as the recovery gathered pace, according to the Office of National Statistics (ONS) figures published this morning.The total number of VAT and/or PAYE businesses rose by 96,000 during the period. The report also showed the continued march of companies and public corporations, which now account for 66.1 per cent of all businesses. But are the figures being skewed? As with employment figures, which during the darkest period of the recession were inflated by an upsurge in those forced by redundancy into self-employment, there was some suggestion a rise in self-employment (self-employed people are counted as running a business) was dragging the new business figures up. The ONS said:Over the past 40 years, self-employment has generally risen at a gradual rate. However, in recent years it increased sharply, from 13.6 per cent of all employment in May−July 2011, to 14.2 per cent in August−October 2011 and rose to 15.0 per cent of all employment in April−June 2014 (the ONS collects unemployment survey data in three-month bands).This increase in self-employment tracks the changes in the number of VAT and/or PAYE businesses over this period.So where are all these businesses? As could be expected, they are not spread evenly across the country, with London the clear leader. What’s more, the number of businesses is the capital has grown at a faster rate than any other region:That means it’s widening its lead at the top of the regional table. According to the ONS, this is partly down to the regional labour market, which is not surprising. The unemployment rate in London dropped 2.3 percentage points in the year to June−August 2014, with the rate now at 6.7 per cent.That’s the the largest fall in unemployment in any of the UK regions. The national rate is 6.2 per cent. Here is how the businesses are spread out:During the darkest years of the economic downturn, businesses started to close and their numbers decreased.Here is the path of business numbers from 2009 – 2014: What is clear from the data is that the business recovery is real but, as withunemployment and wages, the turnaround is yet to be completed. Unemployment may be low at 6.0 per cent, but wage growth is slow and many workers feel they are under-employed. This situation may have driven workers into self-employed roles they would not have considered in the years before the crisis. That is certainly what the figures suggest: self-employment hasn’t been this high in the last 40 years.With new businesses, the headline figures may be hitting the right notes but there is likely some way to go before the recovery can be deemed complete. Share Wednesday 29 October 2014 9:16 am whatsapp Tags: employment and wages UK jobs
More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Express KCS BYD Auto, a Chinese mass producer of electric powered cars, has encountered its largest ever single-day drop since its 2002 listing, as it fell by as much as 47 per cent in afternoon trade in Hong Kong. The stock ended down 29 per cent.BYD, which is backed by Warren Buffett’s Berkshire Hathaway Energy, lost $1.2bn from its market value as a result of the plunge.Analysts have yet to determine a clear reason as to why the stock lost so much value, although Chinese car makers have been losing market share to foreign rivals in recent months.A spokeswoman for BYD indicated the firm was not aware of any shares sold by Buffett.The firm said that it “is not aware of reasons for such movement or of any information”. It noted that it did not see a fall in electric vehicle orders, and that orders and output of electric cars remain good. Buffett backed BYD plunges by one third Show Comments ▼ Tags: People Warren Buffett Share Thursday 18 December 2014 8:29 pm whatsapp whatsapp
Pharmalittle: FDA eyes side-effect lists in drug ads; generic Paxil verdict tossed Tags pharmalittleSTAT+Vaccines By Elizabeth Cooney Aug. 24, 2018 Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. [email protected] @cooney_liz What is it? Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED About the Author Reprints What’s included? Good morning. Elizabeth Cooney here, filling in for the vacationing Ed Silverman. As the working week draws to a close, it is my treasured signal to hand the Pharmalittle keys back to Ed. He’ll see you Monday.The FDA wants to know whether the long lists of side effects in drug ads are making consumers’ eyes glaze over, STAT informs us. But the study, and related work at the FDA, have irked the drug industry and spurred critics of direct-to-consumer drug advertisements to argue the agency should be doing more. Meanwhile, the Senate voted to give the Department of Health and Human Services at least $1 million to issue regulations requiring prescription drug ads to include the price of the medicine, STAT also tells us. Log In | Learn More Pharmalot Elizabeth Cooney General Assignment Reporter Liz focuses on cancer, biomedical engineering, and how patients feel the effects of Covid-19. GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Alex Hogan/STAT
[email protected] Health Tech @caseymross LIONEL BONAVENTURE/AFP/Getty Images This is one in a series of articles highlighting the key people leading Big Tech companies’ move into digital health and life sciences. Read an earlier story here.If you woke up today from a five-year nap, you might be shocked by the breadth of Amazon’s health care business. The e-commerce giant has hired an A-list team to disrupt pharmacy services, drug development, distribution of medical supplies, and the delivery of care. Casey Ross About the Author Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED By Casey Ross April 17, 2019 Reprints GET STARTED What is it? 5 names to know at Amazon: the key players behind its health care push National Technology Correspondent Casey covers the use of artificial intelligence in medicine and its underlying questions of safety, fairness, and privacy. He is the co-author of the newsletter STAT Health Tech. Log In | Learn More What’s included? Tags Artificial IntelligenceBostonHealth ITlistsSTAT+ Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.
Previous article2004 Election Memories: No TDs, some PDs, a Sinn Féin breakthrough and a split in FFNext articleHappy Birthday to Dan Donoher as fundraising efforts continue for special treatment LaoisToday Reporter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival By LaoisToday Reporter – 28th March 2020 Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR Electric Picnic TAGSAustraliaJulie Anne MillerMelbourne Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Twitter Home We Are Laois Laois Abroad Laois Abroad: From Melbourne to rural Rochester – hurls, snakes and a… We Are LaoisLaois Abroad WhatsApp Twitter Instead, she moved to Rochester, a small town about two hours north of Melbourne in country Victoria. Though rural and remote, it’s home to Julie’s first cousin Emma Miller, who is married to Tom Acocks. The couple live and farm there with their two young children Bill and Ailbhe.Julie Anne on Brighton beach (above) and at the Great Ocean Road (below)Milking over 1,000 cows, it’s a busy dairy farm with a number of employees and Julie will work there for the next three months, something that will allow her to extend her visa in Australia if she so wishes.It’s hot (with temperatures in the mid to high 30s every day) and it’s dusty and as well as plenty of flies and lizards, there’s also snakes to contend with.“There’s two hurls at the back door but there’s no sign of a sliotar anywhere,” laughs Julie. “The hurls are for killing the snakes!”“I was really beginning to enjoy Melbourne and was hoping to get a job in sales and marketing so it was tough to have to give it up. But I know I’m one of the lucky Irish ones in that I’m able to get work and a place to stay. So many Irish have lost their jobs and it’s costing thousands to get home – if they can get home.”As part of our series chatting to Laois people living around the world amid the Coronavirus pandemic, we caught up with Julie to hear how she’s getting on.Where exactly are you based and what are you working at?I’m based in Melbourne Australia, I was living in the city and working in the city part time in a bar while also applying for other job roles in Marketing and Sales. I’m now living up north of Melbourne in Rochester having lost my job due to the coronavirus and giving up my apartment in the city.What is the situation like where you are? Up until only about a week ago it was all fairly normal over here. The city got quieter and quieter gradually but there was no panic or drama it was all relatively relaxed.The city of Melbourne had become very eerie very quickly. This weekend just gone however reality quickly kicked in for a lot of us. I lost my job along with many others and people were having to make decisions very quickly as to what to do with themselves. As of now it is a shambles for a lot of people. People can’t get home, flights cancelled, airlines charging over 10,000 (dollars) for a one way flight home. It’s a disaster.Do you know of anyone that has been effected by the Coronavirus? No, not as of yet anyways.What measures have authorities taken where you’re living? Everything is shut as of yesterday here in Australia. It still isn’t quiet as crazy as it is back home. I reckon we’re about a week behind Europe at the moment. There’s strict rules in place regarding grocery shopping etc. All borders have been closed off and flights have been cancelled.Do you feel people where you are are taking it seriously enough? Since the weekend just passed people definitely are. But up until then I don’t think people were at all. I don’t think people really feel the seriousness of it all until they’re effected by it somehow. A lot of people have now lost there jobs and that really has weighed into the seriousness of it.How has it impacted on your arrangements?Well losing my job was the start of it all, I had a lot of travel plans arranged for the month of April which now won’t be going ahead.I had to move out of my apartment in the city because I couldn’t afford to keep it with no money coming in.And I found myself having to make big decisions very quickly before a lockdown took place and before I knew it I was living on a farm two and half hours north of Melbourne in the very rural area of Rochester.The quiet streets of MelbourneAre you happy to stay where you are? Have you considered coming home? I had thought seriously about coming home, I was still settling into life in Australia I was beginning to start to properly enjoy it all and then all this uncertainty hit.The worry about running out of money over here now with no job, what’s going to happen back home, how will things get back going business wise for my family, what if something happens to someone back home and I can’t fly home. All these thoughts I didn’t know what to do. And all this chaos happened very fast so I had to make a decision fairly quickly as to what my plan is going to be.Since making the decision to stay in Australia I am much happier with the decision I made. I am much luckier than a lot of my friends who have had no choice but come home. I am in one of the best situations more than anyone right now so for now I’m going to do my farm work here in Australia for the next three months which will grant me my visa for a second year in Australia.I can have the option to stay on next year to get the chance to do the things I won’t get to do this year over here now given the circumstances.Initially when I moved over here I said I wouldn’t be doing my farm work because I was only commited to doing one year over here and I was eager to get back to my job in LaoisToday. The plan was to be home for Christmas. But god knows where I’ll end up or how long I’ll be away now.How are you staying in touch with friends/family? I’m using WhatsApp a lot to keep in touch with everyone I’m close to. With the time difference over here compared to home it’s much easier to text and send voice notes over WhatsApp. I FaceTime and speak on the phone to my family pretty much everydayIs there any positives that you see coming from this? I genuinely hope all this changes people’s perspective on things and we all start to appreciate things more. I think it will make people want to make more of an effort for making time for each other.Have you found yourself doing things now that you wouldn’t have done previously? Not so much, being totally honest it makes me miss home a lot more and how much I really miss what I used to do. Reflecting on the life I had back home going from event to event meeting hundreds of people every week taking photographs at schools, matches etc.It’s all very surreal that only a few months ago I did that and loved meeting people all the time. And now I’m in the outback, not having a clue what I’m at or where all this will lead me in the future!SEE ALSO – Laois Abroad: Ballickmoyler girl in Cardiff feeling a long way from home WhatsApp Facebook Pinterest The day before Julie Anne Miller left for Australia in mid January, Leo Varadkar called the General Election.It seems like a life time ago now. Having worked as LaoisToday’s photographer for the past three years, Julie was sorry to be missing out on being around for the General Election campaign and the count itself.The memories of last year’s dramatic Local Elections were still fresh and the experience of covering a General Election would have been one to look forward to. Julie had thoroughly enjoyed her busy photography role, visiting almost every community in the county over the last couple of years and being a constant presence at all of the big local events.But she’d a desire to go travelling too, to see some of the world.First stop was Melbourne, where she stayed initially with her neighbour from home Imelda Corcoran who has been living in Australia for almost 20 years.After getting a job in the very popular Irish bar PJ O’Brien’s in Melbourne and an apartment in the Elwood Beech suburb, it wasn’t long before things started to change.As the Coronavirus pandemic spread rapidly across the world, she was let go from her job in PJ O’Brien’s and with the job gone, she wasn’t in a position to stay in Melbourne either. Electric Picnic Laois Abroad: From Melbourne to rural Rochester – hurls, snakes and a long way from LaoisToday News Electric Picnic organisers release statement following confirmation of new festival date
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“Back-testing and historical performance will therefore become less useful,” the report said. “Investors will have to creatively imagine how strategies or products may perform amid any rise in inflation.” andreypopov/123RF In the U.S., financial institutions repaired their capital ratios after 2009 but there wasn’t demand for lending in the real economy, the Richardson Wealth report said. In Europe and Japan, fiscal austerity offset QE’s impact. Household debt-to-income ratio fell in first quarter: Statscan Mark Burgess Facebook LinkedIn Twitter A BMO report earlier this month said “inflation risks are creeping back onto the radar.” It forecast U.S. inflation would end the year at 2.5% before declining to 2.2% in 2022, pointing to unemployment remaining above pre-Covid levels and digital technologies continuing to reduce costs.“While the risks may still be manageable, they can wreak havoc on markets, borrowers and the economy,” senior economist Sal Guatieri wrote. “At the very least, this is one ‘black swan’ policymakers and investors will need to be on a sharp lookout for in a post-pandemic pond.”But the Richardson Wealth report pointed to some of the longer-term deflationary pressures declining.Companies “reshoring” production to more expensive home markets could continue post-pandemic, the report said, and demographic trends are “gradually entering a less deflationary phase” as millennials start families and purchase homes and second cars. “Deflationary pressures are not going away soon. But it does appear that many are becoming less deflationary and will continue to do so over the coming years,” the report said.“As this long-term deflationary pressure gradually abates, to a degree, and central banks likely continue to re-imagine the new limits of monetary easing, we believe inflation will trend higher during the 2020s decade.”This would have implications for investors. Value stocks would be more likely to outperform growth in an inflationary environment, and real assets tend to outperform financial assets, the report said.Another challenge is that some of today’s investment strategies didn’t exist during the last inflationary period. Ontario unlikely to balance budget by 2030: FAO Economic forecasts have warned about the risks of short-term inflation as the global economy eventually recovers from the Covid-19 pandemic, but a report from Richardson Wealth makes the case that rising inflation could be a longer-term problem.Several observers have highlighted the potential effects of monetary policy, elevated savings and pent-up demand pushing up prices once vaccines are distributed and lockdowns end. But many also point to how inflation failed to materialize despite central banks’ quantitative easing (QE) following the 2008 financial crisis. Related news Alberta’s economic outlook on the rise: ATB Financial What’s different today is that central banks are buying trillions of dollars worth of bonds while governments issue record amounts of bonds to fund fiscal spending.“As a result, a greater portion of this stimulus has gone directly into the real economy,” the report said. “This would be inflationary, but since we are in a recession, it is just offsetting much of the deflationary pressures.”The question is the extent to which inflation returns as economies recover while central banks maintain their loose monetary policy. Share this article and your comments with peers on social media Keywords Inflation, Economy, Coronavirus
Perth victorious in FIFA Women’s World Cup host city selection Perth secures host city status for largest FIFA Women’s World Cup ever heldSelection to bring millions of dollars in economic benefits and worldwide exposure for WAConfirmation comes after McGowan Government backed successful joint Australia-New Zealand bidPerth has been officially selected as a host city for the 2023 FIFA Women’s World Cup after the Fédération Internationale de Football Association (FIFA) this morning announced the successful locations for the Australia and New Zealand tournament.The host city confirmation from football’s governing body will allow Western Australia to push ahead with planning for the prestigious tournament – which is expected to deliver millions of dollars of economic and job-creating benefits to the State.Last year the McGowan Government threw its strong support behind the Australia-New Zealand bid – with the two countries jointly awarded the tournament in June 2020.The world’s biggest sport will showcase Perth, with both matches and training to occur at Perth’s premium rectangular stadium – HBF Park.Thirty-two international teams will compete in the 2023 tournament. The number of games Perth will host and scheduling details are expected to be confirmed in the coming months. The tournament has the potential to attract thousands of visitors to the State, and will provide Western Australia with international exposure to the massive television audiences expected around the globe.According to FIFA, more than a billion viewers tuned into coverage of the 2019 FIFA Women’s World Cup.The McGowan Government has contributed $16.25 million towards a State Football Centre in Queens Park, which is due for completion in time for the event.The elite facility will have the capability to host visiting international teams as a training ground, as well as grassroots football programs.As stated by Premier Mark McGowan:“The State Government’s bid for the FIFA Women’s World Cup captured the imagination of Western Australians, so it is terrific we can now say Perth is confirmed as a host city for the blockbuster event.“This will be the biggest football event Perth has ever seen – providing global exposure for Western Australia and giving fans, young and old, lifelong memories of the world’s best in action.“I’d like to congratulate Football West and the Western Australian footballing community for their work to secure this tournament. We already claim the world’s top player in Sam Kerr and hosting this spectacle on home soil will continue to grow the game at all levels.”As stated by Tourism Minister David Templeman:“We’ve got a great track record of successfully hosting the world game here in Perth, having welcomed two of the world’s most famous football clubs in recent years – Manchester United and Chelsea.“Our successful bid highlighted just how much Perth can offer visiting teams, athletes and fans – including a high-quality stadium and training facilities, world-class accommodation options and a vibrant city.As stated by Sport and Recreation Minister Tony Buti:“Hosting this global tournament in Perth will do wonders for the future of women’s football and is further proof that we are competitive at the highest level in securing sporting events for the benefit of WA.“The tournament will provide a unique opportunity to develop women’s football in Western Australia, providing an incredible boost to the game at all levels, from grassroots to the professional leagues.”Tourism Minister’s office – 6552 5400 /Public Release. 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