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this week, he was surprised by the man’s take on the UK s
Christmas Eve trade deal with the EU
.
While the owner of an imports and exports business which trades with EU countries described himself as “real Remainer”, when news of the deal broke he rushed to the fridge to retrieve a
bottle of Champagne he was saving for Christmas Day to toast the news with his wife.
“He had done so because he knew what the impact of no deal would have on his business. It was hard to hear somebody say that they were celebrating this deal, but I understand why,” said Mr Kyle.
Hospitals ‘under pressure’ as Covid soars
Hospitals in the south of England say they have seen a “real rise in pressure” as Covid infections continue to soar. Paramedics in London are now receiving almost 8,000 call-outs a day. As hospital admissions near the level of the first peak, a paramedic told the BBC that some patients had been treated in ambulance bays because of a shortage of beds. “It s been a horrendous time,” the paramedic said.
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Trump signs Covid relief bill
Donald Trump has signed the coronavirus relief and spending bill, restoring unemployment benefits to millions of Americans and avoiding a partial federal government shutdown. The US president had initially refused to sign the bill, saying he wanted to give people bigger one-off payments but the delay meant that millions of Americans temporarily lost unemployment benefits. The package is worth $900bn.
Ministers must ditch a planned rise in capital gains tax that would devastate Britain s economy, City veterans have warned.
Raising it to the same level as income tax would be the greatest own goal scored in history , they have told Prime Minister Boris Johnson.
As Britain tries to bounce back from the coronavirus recession, Chancellor Rishi Sunak is said to be considering raising capital gains tax in his March Budget.
Chancellor Rishi Sunak is said to be considering raising capital gains tax in his March Budget
The Institute for Public Policy Research think-tank estimates that this could raise an extra £90billion over five years, which would help with the UK s spiralling debts.
2020-12-28 10:35 By: Xinhua
An anti-Brexit demonstrator stands outside the Houses of Parliament in London, Britain, on Dec. 9, 2020. (Xinhua/Han Yan) In the short-term, this is likely to lead to disruption to trade flows, including at the border. Over the longer term, the economy will adapt to the new arrangements, but barriers to UK-EU trade will likely lead to slower growth and a more prolonged economic recovery, said IPPR, a London-based think tank. This leaves protections for workers, climate and the environment at serious risk of being eroded, said Marley Morris, an IPPR director focusing on trade and EU relations.