BRITAIN: The Government has borrowed more money in the past three months than it originally planned for the whole year, figures released today confirmed – Huff Post – @AceFinanceNews

#AceFinanceNews – July.21: Government Borrows More In Three Months Than It Originally Planned For The Whole Year

The Government has borrowed more money in the past three months than it originally planned for the whole year, figures released today confirmed.

In the first three months of this financial year, the Government borrowed £25.6billion – down £2.3billion on the same period in 2015.

However, back in 2011, it was predicted the Treasury would only need to borrow £24billion throughout the entire financial year of 2016/17.

TUC General Secretary Frances O’Grady claimed the figure showed the Government’s focus on austerity had failed the UK economy.

She said: “Today’s figures further demonstrate that we can’t cut our way to prosperity. Trying to reduce borrowing by cutting public spending has been entirely counter-productive ”

The previous government’s cuts weakened the economy, hit the tax take, and are forcing more borrowing than expected”

HuffPost.co.uk

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment

Ace News Services Site Links Listed Here:

AceTweet This News

Advertisements

WASHINGTON: US files antitrust lawsuit to block Anthem and Cigna merger – CNBC – @AceFinanceNews

#AceFinanceNews – July.21: US files antitrust lawsuit to block Anthem and Cigna merger – CNBC

http://bit.ly/29R1XYX

Sources tell Reuters that the US federal government will file lawsuits in DC district court today to block the proposed mergers of health insurers Anthem and Cigna as well as a separate proposed merger of Aetna and Humana.

The mergers, if approved, would consolidate the nation’s five largest health insurers into three ..

http://reut.rs/2axupk7

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment

Ace News Services Site Links Listed Here:

AceTweet This News

BRITAIN: Poor weather affects retail sales of clothing rather than any impact from #Brexit to #Leave vote after they suffered their sharpest monthly fall in six months in June – @AceFinanceNews

#AceFinanceNews – July.21: UK weather affects retail sales not #Brexit to #Leave EU

Retailers had not reported any anecdotal evidence of the unexpected result of the June 23 referendum affecting sales during the five-week period which ended July 2, the Office for National Statistics said.

While department stores got a boost from sales around the Euro 2016 football tournament and the Queen’s 90th birthday, clothing stores suffered another poor month after unusually changeable weather.

Thursday’s figures were the first official data which might potentially have shed light on how demand was affected by the referendum, after other measures painted a mixed picture of consumer demand.

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment

Ace News Services Site Links Listed Here:

AceTweet This News

AFGHANISTAN: #UAE $179-million funded housing project in Kabul city is due to complete and will become ready for use in the next couple of weeks (MUDH) said Thursday – @AceFinanceNews

#AceFinanceNews – July.21: $179 million Kabul housing project to be ready in coming weeks

Al-Qasaba Housing Project

A major housing project in Kabul city is due to complete and will become ready for use in the next couple of weeks, the Ministry of Urban Development and Housing (MUDH) said Thursday.

The project, Al-Qasaba Housing Project, has been constructed with the financial resources of Abu Dhabi fund with a cost of $179 million.

The Minister of Urban Development and Housing Syed Sadat Mansoor Naderi chaired a meeting today to discuss the work of the project with the contracting companies.

The officials of Trojan company as well as the subcontractors of the project attended the meeting and promised to complete the remaining work in coming two weeks.

Al-Qasaba Housing Project is one of the major housing projects in the country which is being implemented with the financial support of United Arab Emirates.

Naderi meeting contractors and subcontractors

The project is covering an area of 269 hectares in Qasaba area of the city which contains 111 blocks and 3,330 apartments.

The construction work of the project started in 1392 solar year which is equivalent to 2012, providing job and work opportunities for 4000 citizens of the country.

According to MUDA officials, the housing project contains all urban facilities, including roads, water supply, green area, schools, higher education institutes, clinics and other social facilities.

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment

Ace News Services Site Links Listed Here:

AceTweet This News

TURKEY: Central bank said that it would offer unlimited liquidity to banks, while deputy prime minister Mehmet Simsek said that the government was in charge again – @AceFinanceNews

#AceFinanceNews – July.21: Turkey takes steps to reassure international investors in wake of failed coup

Turkey moved to reassure investors on Sunday that the economy would not be derailed by a failed coup d’état.

The central bank said that it would offer unlimited liquidity to banks, while deputy prime minister Mehmet Simsek said that the government was in charge and there was “no need to worry.

While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)

23.png Copyright © 2016, The Daily Star. All rights reserved.

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment

Ace News Services Site Links Listed Here:

AceTweet This News