Author: Morton Obrien

The United Kingdom (UK) government on Monday announced the withdrawal of its September tax cut measures in another emergency move to ensure economic stability and give confidence in its commitment to fiscal discipline. Chancellor of the Exchequer Jeremy Hunt said in a statement that the basic income tax rate is expected to remain at 20% until economic conditions allow it to be lowered. A 1.25 percentage point increase in dividend tax will continue and the VAT-free (value-added tax) shopping scheme for foreign visitors to the country will no longer be rolled out. Combined with an earlier set of £21 billion…

By Chuck Mikolajczak NEW YORK (Reuters) – On Monday the U.K. U.S. stocks rose sharply for the week after the economic plan reversed course, while Bank of America was the latest financial institution to come out on top. Corporate earnings season. The UK government appointed Jeremy Hunt as Chancellor of the Exchequer, and he immediately replaced British Prime Minister Liz Truss’s fiscal policies, which have rattled markets in recent weeks. Bank of America shares rose 6.06% after the bank’s balance sheet showed its net interest income was boosted by interest rate rises in the quarter, although the company raised its…

Ricardo Costa from SIC considered, this Monday, in the afternoon edition of SIC Notícias, Liz Truss “He is no longer politically fit to be Prime Minister” From England. “The prime minister no longer has the political right to be the prime minister and the new finance minister is seen as the prime minister,” he said. Ricardo Costa explained “The talk in the halls of the British Parliament is not whether Lis Truss will be replaced, but when”. “They know they’ve replaced Boris Johnson with Liz Truss, so immediate replacement is always going to be very complicated, but they’re determined not…

The Embraer (EMBR3) announced that the company is closing a US$100 million credit facility to finance supply purchases made in the UK. The loan was provided by JPMorgan Chase Bank, NA, London Branch and guaranteed by UK Export Finance, a British government agency focused on financing local exports. In a statement, the company highlighted that this is the first time that UK export finance has been involved in the process with Embraer. In addition to more competitive rates and terms for Embraer’s credit profile, the manufacturer highlights that the move will bring benefits to the company such as diversification of…

This week on the podcast 45 degrees, the guest speaker was Eunice Ghose, a PhD in Political Science from the London School of Economics and a professor at the University of Richmond in London for nearly 15 years. His main research areas are British politics and politics and the role of ideas and ideologies in political decisions.UK politics has been in the news for a few years now, especially after the Brexit vote in 2016. Since then, instability permeated British politics. The Conservative Party, which has been in power for the past 12 years, has had its 4th leader since…

The US president said it was “predictable” that Liz would be forced to abandon the Truce plan. The US president has slammed the British prime minister’s economic plan for the country as “a mistake”, in an unusual criticism of domestic policy by one of his closest allies. “I’m not the only one who thinks it’s wrong,” he told reporters during a stop in Oregon to promote Democratic gubernatorial candidate Tina Kodeck, as Democrats face criticism from Republicans over economic policy. “I think at this point the idea of ​​cutting taxes on the rich … I don’t agree with the policy,…

Vegan activists today (15) poured milk onto the floor and other food items in UK food shops to protest in defense of a “plant-based future”.Activists are part of a movement called Animal Rebellion, which calls protests against animal products “milk spills” or “milk spills.” Activists posted videos of protests at Harrods stores in west London, Fortnum & Mason in Piccadilly and Waitrose in Edinburgh.In a video taken at a Marks and Spencers store in Manchester, a man is heard telling protesters: “Plant-based future? Take off your shoes. They’re not plant-based.”The meat counter at Harrods was among the targets of activists,…

Photo: Disclosure Embraer, has its headquarters Sao Jose dos CamposThis Friday (14) it announced the end of a US$100 million loan facility that will finance purchases of products made by the company in the United Kingdom. Loan issued and guaranteed by JP Morgan Chase Bank, NA, London Branch (“JP Morgan”). UK Export Fund, a British government agency focused on financing local exports. This is the first time that UK Export Finance has been involved in an activity with Embraer. Benefits of this move include diversification of credit operations, more competitive rates and terms for Embraer’s credit profile. “The diversification of…

The British government on Thursday lifted the country’s ban on ‘fracking’ (hydraulic fracturing), a highly controversial method of extracting gas and oil because of the risks, suspended by the Conservative government in 2019. “To strengthen the UK’s energy security, the UK government today (Thursday 22nd) lifted the ban on shale gas production in the UK,” a statement said. The government of new Prime Minister Liz Truss (Conservative) has said future drilling permit applications will only be scrutinized against “national and global gas needs” and “if there is support at the local level”. Environmental advocates say fracking causes earthquakes and poses…

Here is a summary of the current British Prime Minister’s first weeks in office:   +++How did Liz Truss become Prime Minister?+++ Truss’s predecessor, Boris Johnson, was forced out of office after scandals that culminated in the sacking of more than 50 members of the government. The crisis prompted an internal election to lead the Conservative Party. The election split the Conservative Party. Truss was the party’s second choice of parliamentarians behind former finance minister Rishi Sunak, but won 57% of the party’s rank-and-file vote and became leader and prime minister on 6 September. …