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Rishi Sunak set to raise taxes in spring to pay off Covid debt bill

first_imgJohnson does not want to break “the triple tax lock” – an election promise to not to raise income tax, national insurance or VAT – with Sunak looking at instead hiking capital gains tax and reducing higher-rate pensions tax relief. Rishi Sunak set to raise taxes in spring to pay off Covid debt bill Sunak joked with the Sunday Times that he should “take [Johnson’s] credit card away”. whatsapp The entity will fund infrastructure projects in the Midlands and the North as a part of the Tories’ pledge to “level up” economically deprived parts of the country. Rishi Sunak has signalled that he will raise taxes in the spring of next year to pay off the country’s Covid spending bill. “I’m hopeful that by the spring, with positive news on both mass testing and vaccines, we can start to look forward.” The chancellor told the Sunday Times today that by spring the conutry must start “returning to sustainable public finances”, after spending more than £200bn on the Covid crisis. Sunak has reportedly been at a loggerheads with Boris Johnson about fiscal policy, with the Prime Minister opposing future tax rises. Stefan Boscia Share It comes as Sunak prepares to deliver the findings of the Treasury’s comprehensive spending review on Wednesday. Before the Open newsletter: Start your day with the City View podcast and key market data When asked about potential tax rises, Sunak said: “Once we get through [the crisis], we’ll have to figure out what the best way of returning to sustainable public finances is. This year’s deficit is set to hit at least £350bn – 12-times higher than pre-Covid estimates. Show Comments ▼ Also Read: Rishi Sunak set to raise taxes in spring to pay off Covid debt bill Also Read: Rishi Sunak set to raise taxes in spring to pay off Covid debt bill The spending review is expected to include billions of pounds of infrastructure spending as a part of this agenda. This will include £3bn of extra NHS spending for hospitals to address a backlog of operations delayed by coronavirus. Sunday 22 November 2020 12:00 pm whatsapp Bloomberg also reported that Sunak will announce the creation of a government-backed infrastructure bank to be set up in the north of England. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comKansas coach fired for using N-word toward Black playerthegrio.comlast_img read more

Senate passes bill aimed at lowering individual health insurance costs

first_imgBusiness | Health | State GovernmentSenate passes bill aimed at lowering individual health insurance costsJune 3, 2016 by Andrew Kitchenman, KTOO and Alaska Public Media Share:The Senate voted 15-2 Friday to pass a bill to lower health insurance premium increases for individuals and families.Lori Wing-Heier, the director of the Alaska Division of Insurance, in January. (Photo by Skip Gray/360 North)State Insurance Division director Lori Wing-Heier told lawmakers last week that the individual insurance market could collapse if the legislature didn’t pass House Bill 374.Bill supporter Sen. Mia Costello, R-Anchorage, noted that insurance bills now exceed many families’ mortgage payments.“Through this legislation, we’re addressing a crisis,” she said, adding: “Essentially, we’re up against a wall.”The bill provides $55 million to fund a reinsurance program. This will offset the cost of Alaskans with the highest healthcare costs.Premera Alaska will be the only insurer on the individual market after Moda Health said it would stop offering individual plans by the end of the year.Wing-Heier says there are many reasons why Alaska has high healthcare costs.“There’s a lot of duplication in equipment in Alaska. And there’s also no mechanism to control fees in the private industry and physicians,” she said. “Those are things that we need to work on.”The House could vote on the bill as soon as Saturday to send the bill to Gov. Bill Walker’s desk.Share this story:last_img read more

Closed process on capital budget draws criticism

first_imgEconomy | Politics | Southcentral | Southeast | State GovernmentClosed process on capital budget draws criticismAugust 1, 2017 by Andrew Kitchenman, KTOO and Alaska Public Media Share:House page Laib Allensworth places copies of the capital budget on lawmakers desks in the Capitol on July 27. Rep. Dean Westlake, D-Kotzebue, reads in the background. (Photo by Andrew Kitchenman/KTOO)When the state Legislature passed the capital budget on Thursday last week, it ended a negotiating process that largely occurred behind closed doors. That’s often the case for legislation that requires the Senate and the House to work out their differences.   The Alaska House and Senate each passed different versions of the capital budget funding roads and other infrastructure this spring. But unlike in past years, they didn’t form a conference committee to find common ground until the end of July.  On July 27, the Legislature returned to Juneau for its third special session. In five and a half hours, the two chambers met, formed a conference committee and passed the $1.4 billion capital budget.  That pace and closed process upset some members of the Republican House minority caucus. During the capital budget debate in the House, North Pole Rep. Tammie Wilson said she had never seen anything like it.  “We should be really concerned, because it’s a public process that we’re giving up – the public process of being able to testify on what’s in this budget,” she said.  It was unusual for lawmakers to meet on the capital budget outside of the legislative session. It’s not unusual that they resolved budget differences behind closed doors.  Budget conference committee members usually meet privately to work out details. When they hold public meetings, it’s to vote on the compromises they’ve already reached. On July 27, the committee unveiled the new $1.4 billion capital budget. In 29 minutes, the committee shot down some minority Republican amendments and moved the bill along. Wilson said this week she hopes the Legislature finishes the capital budget much earlier next year – with a more open process.  “Well, it’s always upsetting when it’s a closed-door deal, and that’s absolutely what it was,” she said. “We weren’t called back until a deal was made. You could pretty much tell that when they met at 1 o’clock and within five or 10 minutes, you know, it was done. And I just don’t think that’s very fair to Alaskans – not to be able to take part.” Lawmakers in both chambers heard public testimony on the capital budget before passing separate versions.  Anchorage Democratic Rep. Les Gara said the public and the minority also had more than a month to weigh in. And they were facing a deadline.  Gov. Bill Walker’s administration was concerned construction projects would be delayed if the Legislature didn’t pass a capital budget by July 31. Gara also said lawmakers saved money from per diem expenses by negotiating outside of the session. “The two choices were to sit down there, griping with each other with people collecting per diem in Juneau for a week or two as you haggled everything out, or to say, ‘Look, go home, don’t collect per diem. A sm – group of people will try to figure out a proposal and see if it gets enough votes.’ And that’s what happened,” Gara said.Political scientist Clive Thomas, formerly with the University of Alaska Southeast, said the extraordinarily late capital budget was a factor in the closed process outside of Juneau.  “Most capital budgets are usually dealt with by the end of the session, the first session – the end of the regular session – so, I’ve never known of this process before,” Thomas said.   Legislators spent the extended session and earlier special sessions with the operating budget and a bill overhauling oil and gas taxes. Rep. Gara said he’d also like next year’s capital and operating budgets to be resolved sooner. But he says some lawmakers hold out in the hope that the other side will cave.  Share this story:last_img read more

Alaska House passes bill to allow bolstering wild shellfish populations with hatchery stock

first_imgFisheries | Oceans | State GovernmentAlaska House passes bill to allow bolstering wild shellfish populations with hatchery stockMay 3, 2021 by Sage Smiley, KSTK – Wrangell Share:Dungeness crab in Southeast, Alaska. (Photo by Angela Denning/KFSK)House lawmakers have passed a bill that, for the first time in Alaska, would allow shellfish like crab to be grown in hatcheries and released into the wild to bolster commercial fisheries.Rep. Dan Ortiz (I-Ketchikan) sponsored HB-41, which would put shellfish on the same footing as salmon species that are bred in hatcheries across the state.“The bill gives Fish and Game a solution to potentially help address declining stocks of shellfish like stocks of crab out west or abalone in the Southeast which have suffered from overfishing and predation, instead of relying only on conservative management,” Ortiz said.The mariculture bill found bipartisan support. Rep. Sarah Vance  (R-Homer) told legislators she sees benefits for coastal communities throughout the state.“I didn’t think that I was that old to say, ‘Hey, back in the day, we had razor clams this big, and now they’re small, and they can no longer make that available to the public,’” Vance said. “This is an area that we need the enhancement, we need these nonprofits to come in and say we’re going to help rehabilitate the shellfish to make it available for common use.”Some Alaska biologists have voiced concern that an influx of hatchery shellfish could do more harm than good to what remains of the state’s wild stocks. They’re particularly concerned about crabs, one of the more mobile species of shellfish.Only two lawmakers opposed the legislation, but not on environmental grounds. Rep. David Eastman (R-Wasilla) said there should be a cap on permit fees. He also took issue with the fact that the bill allows the Department of Fish and Game to penalize people, saying he thought it was backwards to allow penalties when the regulations still need to be written.“If we are going to be in a sense creating new crimes,” Eastman said, “I think that the legislature ought to know what it is that the regulations are, that are going to attach to these stiff penalties. And have the ability as legislators — as elected representatives of the people — to make sure that those regulations are in fact, what the people want to attach to such penalties.”Eastman and fellow Wasilla Republican Christopher Kurka were the only no votes.The bill also allows the Alaska Seafood Marketing Institute to promote hatchery-born, wild-caught shellfish in the same way they market hatchery-bred salmon. A companion bill in the Senate has yet to be heard. It will require passage by state senators and the governor’s signature to become law.Share this story:last_img read more

PODCAST: Industry reaction to Maersk’s remote container management ‘game-changer’

first_img The demand for smart containers is growing commensurately with their capabilities, but for some time their appearance has appeared to be more of a twinkle in a developer’s eye than actual reality. Well, the reality is now here, with Maersk’s installation of remote container devices across its entire fleet of 260,000-plus reefer boxes; while third-party providers are finding projects and clients beginning to line up.In this podcast, The Loadstar interviews senior executives from Maersk Line, major perishables shippers and leading industry experts and asks what the fuss is about, how smart reefers can help perishable supply chains and what the future holds for remote container management technologies. [soundcloud url=”https://api.soundcloud.com/tracks/264756310″ params=”auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true” width=”100%” height=”150″ iframe=”true” /] By Gavin van Marle 19/05/2016last_img read more

Scoil Chríost Rí hoping to add to silverware and book a spot in All Ireland Cup final

first_imgHome Sport Basketball Scoil Chríost Rí hoping to add to silverware and book a spot… SportBasketball Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Scoil Chriost Ri Senior A basketball team were recently crowned Regional Champions and now they’re preparing for their next big game.They will play St Genevie’s,Belfast in the All Ireland Cup semi final in the National Arena on Wednesday, December 11 at 1.30pm.The Portlaoise side beat Cross and Passion Kilcullen 53-36 in the Regional Final.This win was a three in a row of titles at this level and puts the Portlaoise school through to the All Ireland League Championship after Christmas.They play Castleblaney and Loreto Kilkenny on Saturday, January18 in their school gym with the winner progressing to the Quarter Finals.The team won a tough game against Colaiste Einde of Galway in the Quarter Final on a 76-67 score line.They have all the team who played in the World Championships in Crete earlier this year except Shauna Dooley who has been on the injured list since pre-season.Should the team get through in the semi, they hope to have Shauna back on the court for a final.Scoil Chríost Rí were beaten in the Cup Semi Final last year by eventual winners Clontarf, who were the only team to defeat them last year overcoming the Laois girls in the All Ireland League Championship Final on their way to a double.Hopes are high that these girls can bring home a Senior A title this year, the only title the school has never won in its proud history.Meanwhile the Senior B team came very close to a Regional double losing the Semi Final to the eventual winners Mullingar while the Cad U16 A team suffered a similar fate also losing the Semi to eventual winners Ballymahon.Scoil Chríost Rí teams have made history over the years in multiple sports and its clear these girls don’t intend on stopping.See Also: Behind every great painting is a good story See Also: Have you got your Christmas stocking fillers – check out the Laois Today store Twitter GAA Here are all of Wednesday’s Laois GAA results 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin WhatsApp TAGSScoil Chríost ri basketball GAA GAA Pinterest WhatsApp Previous articleIn Pictures: Laois Marlins enjoy huge success at Kilkenny Gala and National Aquatics Centre GalaNext articleIn Pictures: Very special guest switches on Christmas Lights in Spink Aedín DunneAedín graduated from University of Limerick with a degree in Journalism and New Media. She is a proud Townie with a passion for all things sports and doesn’t like to speak about the 2016 blip in Portlaoise’s bid to 10-in-a-row. Twitter Facebook By Aedín Dunne – 10th December 2019 Facebook RELATED ARTICLESMORE FROM AUTHOR Scoil Chríost Rí hoping to add to silverware and book a spot in All Ireland Cup final Pinterestlast_img read more

Pharmacists Respond to COVID Vaccine Challenge

first_imgPharmacists Respond to COVID Vaccine Challenge Pharmaceutical Society of AustraliaAustralia’s pharmacists are responding to the Federal Government’s call to assist in the COVID-19 vaccination program, with 1,000 pharmacists registering and more than 700 attending a Pharmaceutical Society of Australia (PSA) webinar session last night in preparation for their involvement in Phase 1 and 2 of the vaccination rollout.The webinar – which included senior government officials leading the COVID-19 vaccination plan joining PSA President, Associate Professor Chris Freeman – provided information on the Commonwealth program, the role of pharmacists in Phase 1, the final call for Phase 2 Expressions of Interest to administer the vaccine through community pharmacy, and training and education to deliver the vaccine.The PSA session had strong engagement from members seeking to /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, commonwealth, community, covid-19, education, Federal, federal government, Government, pharmacy, President, Professor, Society, vaccination, vaccinelast_img read more

Government support to make significant improvements to Kempsey Road

first_imgGovernment support to make significant improvements to Kempsey Road Kempsey Shire CouncilThe Armidale Regional Council is now able to make critical improvements to Kempsey Road, following securing a grant of $4.95 million from the NSW Fixing Local Roads program.The council will use these funds to alleviate some of the issues which have caused landslips and washouts that have left the community isolated at times.They will be making critical road improvements, including sealing, repairs and safety works from west of the Lower Creek community towards Black Bird Creek Bridge.It is expected that the work will be completed within two years to ensure the local community sees benefits such as increased safety and productivity as soon as possible.Photo by Armidale Regional Council /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Armidale, Armidale Regional Council, bird, community, council, Government, Kempsey, Kempsey Shire, Kempsey Shire Council, local council, NSW, Safetylast_img read more

Tacotopia coming to the Promenade

first_imgHomeBusinessTacotopia coming to the Promenade May. 22, 2019 at 8:30 amBusinessEventsFeaturedFoodNewsRecreationTacotopia coming to the PromenadeAngel Carreras2 years agoAzule TaqueriaCalifornia Cholula TacoJarritos lucha libreJohn KolaskitacosTacotopia Sun-kissed Santa Monica is an Instagrammable marvel on its own, but that hasn’t stopped the city from getting into the selfie museum craze. Last year saw the sugar-coated Candytopia queue lines at Santa Monica Place. This week, a more savory, Latin-inspired Instagram-ready museum comes to the city.Santa Monica’s own Azule Taqueria will partner up with Tacotopia to bring larger-than-life Mexican food-inspired art installations and of course, tacos, to the Third Street Promenade. The opening of the exhibit takes place Thursday, May 23, 6 p.m. to 9 p.m and will last until July 7.The exhibit will feature photo ops with such Instagram-ready items as a taco teeter-totter, human-sized guacamole bowls, avocado chairs, a Shiva-like taco god holding tacos, a Jarritos lucha libre ring and more.Participants will receive one free Jarritos drink and a taco from Azule Taqueria ranging from Pork Belly, Cauliflower al Pastor, Azule Asada, Wild and Free Mushroom and a special California Cholula Taco.John Kolaski, CEO of K2 Restaurants (which owns Azule and several other restaurants in the Promenade), says the partnership came about when Tacotopia, who holds this event in other major cities, reached out looking for a local taco partner.Kolaski and his team jumped at the opportunity.“It’s a great way for us to partner with a destination experience and a great partnership that will allow us to be an extension of an immersive experience,” Kolaski said. “We really want to be able to show what we can do and get in front of people who wouldn’t have found us otherwise.”Finding Azule is one of the positives for Kolaski as he says he hopes people will find the Promenade, too, whether it’s their first there or first time there in a while.“I hope more people come down, hang out for the day and see all there is to offer here,” Kolaski said. “Not just [Azule] but the rest of the Promenade, too. We want people to come to our space, sure, but this is all a great area. We want people coming back down and see there’s something to do all day and fun ways to interact with brands and locations.”The Tacotopia exhibit is located at 1254 3rd Street Promenade Santa Monica, CA 90401 and is open Mon-Sun 11am-9pm.  Tickets are $20 for kids under 11, $25 for students and $30 for adults. For more information on the Tacotopia exhibit visit [email protected] :Azule TaqueriaCalifornia Cholula TacoJarritos lucha libreJohn KolaskitacosTacotopiashare on Facebookshare on Twitteradd a commentShooting in Venice Leaves One DeadMurder conviction for man arrested in 2015 police standoffYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall8 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press19 hours agoNewsCouncil picks new City ManagerBrennon Dixson19 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter19 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor19 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press19 hours agolast_img read more

Pokemon Go creator Niantic raises $190M

first_img Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 JAN 2019 Niantic, Nintendo agree AR apps push augmented realityNiantic Apps Author Pokemon Go maker Niantic scored $190 million in its latest funding round, as it gears up to launch a new game based on the Harry Potter franchise.A regulatory document filed with the US Securities and Exchange Commission revealed 26 investors participated in the round, which brings total money raised by the company to $415 million.The Wall Street Journal said last month Niantic was looking to raise $200 million for a valuation of $3.9 billion.The company’s AR game Pokemon Go has seen huge success. Earlier this week Sensor Tower estimated the app’s revenue in 2018 was $795 million, a 35 per cent year-on-year increase.“Should Niantic continue to engage its player base to the degree it did in 2018, it’s possible we’ll see the game surpass $3 billion in lifetime revenue by the end of 2019,” the report said.Meanwhile Niantic had announced back in November 2017 it was teaming up with Warner Bros Interactive Entertainment to launch another AR title called Harry Potter: Wizards Unite. Not much was heard about this game until last month, when the company launched a teaser video, indicating the game would be out sometime this year. Subscribe to our daily newsletter Back HomeAppsNews Pokemon Go creator Niantic raises $190Mcenter_img Telstra seeks to rule Aussie football with AR play Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more Saleha Riaz Jio backs Krikey in AR game play Tags Previous ArticleFederal closure delays T-Mobile, Sprint merger reviewNext ArticleHTC rounds off 2018 with another low last_img read more