Dstl to set up Newcastle outpost civilserviceworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from civilserviceworld.com Daily Mail and Mail on Sunday newspapers.
Senedd Election 2021: Plaid Cymru manifesto pledges to scrap A-levels and GCSEs, cut council tax by £200 and independence referendum
The party wants to build on the 12 seats it won in the last election
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By Ralph Sinclair
12 Mar 2021
One big crisis should be enough for anyone s career. But Sir Robert Stheeman, chief executive of the UK s Debt Management Office, has had to face two monumental financial catastrophes in the last 13 years first the 2008 UK banking crisis and then last year s pandemic.
The scale of the first one the DMO saw its budget remit hit £220bn in 2009-10 was surely never going to be beaten. But along came the coronavirus and the DMO saw its funding requirement top out at £485.5bn in 2020/21 which has resulted in a budget remit for this year of £295.5bn.
Of course the UK is far from the only sovereign in seeing its funding requirement blow out and like in other leading advanced economies, the central bank has waded in with a much increased quantitative easing programme. But after Brexit, the UK is more alone than ever and this is an extra complication that investors have had to confront.
Budget 2021 - a GAD technical bulletin gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
BUSINESSES from across the county have given their views on chancellor Rishi Sunak’s budget. Key details include Mr Sunak announcing that the government will not raise the rates of income tax, national insurance, or VAT but will instead freeze personal tax thresholds for the time being. Corporation tax, which companies pay on profits, will also be raised to 25 per cent in 2023 however firms with profits under £50,000 will remain at 19 per cent. Chief executive of East Lancashire Chamber of Commerce Miranda Barker said: “I think it’s pretty sound, I like the fact that he’s telegraphed where the future consequences are coming from because if he hadn’t done that people would say he wasn’t being realistic.