#government-spending

#government-spending

Danish language requirements used when recruiting nurses from outside the EU will be relaxed as part of measures aimed at reducing hospital waiting times, the government said as it presented a new spending plan on Thursday.Additional funding will meanwhile be spent in an effort to reduce processing times for foreign medical professionals awaiting authorisation to work in Denmark.

Government borrowing hit a new high in December, driven by the cost of supporting households with their energy bills and rising debt interest costs.Borrowing, the difference between spending and tax income, was £27.4bn,the most for any December since records began in 1993.Interest on government debt hit £17.3bn,

Labour has accused Liz Truss's government of acting like "gamblers in a casino" over the UK economy after the pound dropped to its lowest level against the dollar since decimalisation, following Friday's unofficial budget.With ministers still refusing to comment on the plunge in sterling after the announcement of £45bn of largely unfunded tax cuts by Kwasi Kwarteng, Truss's chancellor, the pound fell to as low as $1.0327 on Monday, the lowest since Britain went decimal in 1971.In an interview on Sunday, Kwarteng had refused to comment about the initial sell-off of the pound after his statement on Friday, saying that as chancellor he could not comment on market movements.

The U.S. debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4 trillion limit until January 2025 and cap government spending.It alleviated some pressure on mortgage rates, which declined over the past week.But uncertainties over the Federal Reserves (Fed) next steps are keeping mortgage rates high, with the 30-year fixed mortgage rate above 6.5% for the third consecutive week.

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike.However, rates have started to reverse course over the last few days, following news of a debt agreement and an expectation that the Federal Reserve may pause hikes.On the fiscal side, President Joe Biden and House Speaker Kevin McCarthy struck a deal on Saturday to suspend the $31.4 trillion U.S. debt limit until January 2025 and cap government spending.

Government borrowing hit its highest November level on record last month, driven by the cost of supporting households with the rising cost of living and energy bills.Borrowing, the difference between spending and tax income, reached £22bn, a rise of £13.9bnon November 2021.Interest on government debt also surged by 50.1% to £7.3bn.

Turkey's nail-biter election will go to a runoff, election officials announced on Monday, extending a pivotal vote that has demonstrated that the incumbent, President Recep Tayyip Erdogan, is still a formidable political force, despite his failure to secure a first-round victory.Turkey's Supreme Election Council said the runoff would be held May 28 after official preliminary results showed that Mr. Erdogan had won 49.5 percent of votes and his main challenger, Kemal Kilicdaroglu, 44.9 percent, with nearly all ballots counted.

United States Senator Ted Cruz has said he remains incredibly bullish on bitcoin which he described as the alpha in the crypto sphere.According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an important check against government spending.Bitcoin Is Still the Most Dominant' United States Senator Ted Cruz has said he is incredibly bullish on bitcoin and he still believes the insight that led to its creation is still extraordinary.

An estimated £4.5bn in Covid-19 support has been lost to error and fraud since 2020, the tax authority has revealed.The money was handed out through schemes to help households and businesses cope with the economic fallout of the pandemic.The scale of the money lost was detailed in a letter to a committee of MPs overseeing government spending.

LONDON, ENGLAND - NOVEMBER 17: A view over the City of London on November 17, 2022 in London, England.The UK Chancellor of the Exchequer Jeremy Hunt today announced a plan to cut billions in government spending, while raising billions more in taxes, while also promising to increase benefits for the poorest.

As the year comes to a close, a spending bill to fund the government - and potentially reinstate the lapsed Child Tax Credit for 2023 - is in peril.Despite a huge push by Democrats to come to a compromise to rejuvenate the wildly popular Expanded Child Tax Credit, it appears that the plan, which lifted four million children out of poverty when it was in place, will not be included in this spending package.

The ever-increasing disparity between discretionary income and rising housing costs doesn't just hurt our wallets and our budgets.It also might have negative impacts on our health, according to a new study published in the Journal of Epidemiology & Community Health.Researchers examined global data from 27 nations to determine the population-level impact of exorbitant housing costs based on the known fact that unaffordable housing is associated with adverse health impacts on a more individual level.

I've been thinking about a piece of feedback I get from readers every so often, which is that I don't write about the joys of parenting enough  that I focus too much on the hurdles and pitfalls.While I'm not sure I agree entirely, as we get to the end of the year and I'm in the mood to reflect, I want to reckon with this good-faith criticism.

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned, after being left out of the funding increases announced by the Chancellor last month.In a stark new report, the Institute for Fiscal Studies has warned that rising costs as a result of surging inflation over the last year has left colleges and sixth forms in particular in a difficult position in the wake of Jeremy Hunt's autumn statement.

It slipped out quietly this month in the brouhaha of the approaching budget.The regulations listing acceptable ID documents that will allow people to vote at elections were not included in the shameless voter-suppression bill that passed through parliament this year.Are you surprised that the list includes all kinds of acceptable ID held by older voters, but that ID the young might have has been struck out?

Politics Throughout the debate, Bolduc accused Hassan of failing to answer questions and instead giving "Washington, D.C., career politician non-answers."CONCORD, N.H. (AP) - U.S. Sen. Maggie Hassan on Wednesday accused her Republican challenger of changing his positions to hide his extremism, while Don Bolduc accused the Democratic incumbent of being steadfast in evading questions.