Here is a video I came across please watch the good work they do:
Enjoyed a lovely cup of coffee in one hand and a banana bap in the other hand whilst having a sip started to reflect of yesterday events of homelessness, foodbanks, hate crimes, and mental health have been increasing. The nation has witnessed the coronation of a new Prime Minister (Ice Queen Theresa May) which the nation did not vote her to lead the country. I do recall the public voted for David Cameron to lead the nation.
Homelessness and food banks continue increasing they are the forgotten lot whilst those Member of Parliament (MPs) retreat to their holidays and in a position to have somewhere to rest their head every night and in the morning they walk pass them on the streets. Some people would argue that they can do more to help themselves to get on the council housing waiting list. This may be the case to argue this is more of a kind reminder at some stage of our lives we all faced being homeless at one stage and we would not wish our children to go through this in today’s world. Central government can do more to simulate our economy instead what are we witnessing is more businesses are closing down with little job prospects. Instead companies they are moving productions to other parts of the world all in the name of cheaper labor.
Ice Queen Theresa May thou art a boil as before for years I have mentioned that the day when we see a Conservative Government will reduce the minimum wage in poorer areas. See article below:
Most of the times many of us continue to read in the press and social media about UK going into meltdown during and after post brexit this does not help the ordinary person who have to depend on their job prospects they want to know they will be able to pay their bills on time and provide rice on their table to feed their family for the week or the month. The outcome of last month’s referendum “adds to the uncertainty” for the global economy, the group of the world’s 20 largest economies said.
It urged the UK to remain “a close partner of the EU”, amid concerns Brexit talks could be acrimonious.
Chancellor Philip Hammond said Brexit had come up “a great deal” at the G20.
“The reality is there will be a measure of uncertainty continuing right up to the conclusion of our negotiations with the EU,” he told reporters.
Following the meeting in the Chinese city of Chengdu, the G20 group said it had the tools to cope with the potential economic and financial consequences from the referendum result. Other factors complicating the world economy include geopolitical conflicts, terrorism and refugee flows, according to the G20.
The G20 members agreed that despite the Brexit vote the global economy would improve in 2016 and 2017, Mr Weidmann said. However, new figures on UK companies in the three months to the end of June have raised concerns about the health of the economy before the Brexit vote.
Sixty-six UK listed companies issued profit warnings in the second quarter, which was the most for that period since the financial crisis in 2008, according to accountants EY.
Alan Hudson, EY’s head of restructuring in the UK and Ireland, said: “It’s been a dizzyingly unpredictable time since the UK voted to leave the European Union.
“What we saw in the second quarter – and are still seeing now – is the initial impact of this uncertainty.”
Analysts expect economic data on Wednesday to show the UK economy grew by about 0.5% in the second quarter compared with the previous three months. Its been purported that Last week the International Monetary Fund (IMF) for UK economic growth, from 1.9% to 1.7% for 2016, and for the global economy, from 3.2% to 3.1%.
In a statement the G20 finance officials said the global economic recovery was continuing “but remains weaker than desirable”.
Separately, G20 policymakers said they recognised that excess steel supply was a global issue.
The excess capacity of steel has had a negative impact on trade and workers and requires a collective response, they said. It further alleged that Britain just got its first concrete sign that the British exit from the European Union, or Brexit, will crush the nation’s economy after a grim set of PMI data released by Markit on Friday morning showed a “dramatic deterioration” in the economy since the UK voted to leave the EU.
Markit’s flash PMI readings for the UK’s economy showed that composite output fell to its lowest level since March 2009, during the tail end of the global financial crisis.
Here is the scoreboard:
Services PMI 47.4, down from 52.3 in June and at an 87-month low. The figure was well below the 49.2 forecast.
Manufacturing PMI 49.1, a 44-month low, and well below the expected 50 reading.
Composite PMI 47.7, a drop from 52.4 in June, and at an 87-month low.
The PMI, or purchasing managers index, figures from Markit are given as a number between 0 and 100.
Anything above 50 signals growth, while anything below means a contraction in activity so the higher the better.
The figures are a flash reading, meaning they could easily be revised upward or downward when final readings come in at the end of the month.
Speaking about the data, Markit’s chief economist, Chris Williamson, said (emphasis ours):
“July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009.
“The downturn, whether manifesting itself in order book cancellations, a lack of new orders or the postponement or halting of projects, was most commonly attributed in one way or another to ‘Brexit.'”
“The collapse in the composite PMI to its lowest level since April 2009 provides the first major evidence that the U.K. is entering a sharp downturn. If the PMI remains at July’s level in August and September, it will be consistent on past form with a 0.4% quarter-on-quarter decline in GDP in Q3. The confidence shock from the Leave vote might wear off over the coming months, but the decline in the new orders index to just 46.2, from 53.0 in June, points to even faster falls in output ahead.”
Earlier Friday, Markit data showed that the eurozone economy was showing “surprising resilience” to the Brexit vote, with PMIs falling a little in June but beating the expectations of economists polled before the release.
This gets even better coming from the new chancellor of the exchequer is reaching for his own version that, in the wake of a massive fall in the purchasing managers indices (PMI) that measure business activity, he was considering a “reset of fiscal policy”. The new Government has already ditched its previous ambition of hitting a surplus in the public finances by the end of the decade. That much we knew already. Indeed, before he left office, George Osborne himself ditched that ambition.
But crucially, he said, that didn’t mean having to throw out his fiscal rules – the Fiscal Charter – which only insist you run a surplus if the economy is not facing a slowdown.
Since there is likely to be a slowdown perhaps a recession he said missing the surplus was entirely consistent with the Charter. The fact that the PMI surveys are now pointing towards a 2009-style slump would suggest that Britain may well be using that loophole – borrowing while growth is below 1% for quite some time.
However, what’s interesting about Philip Hammond’s comments is that he hinted he may well replace the charter altogether. He said that at the Autumn Statement towards the end of the year he will “have to put something else in place. Exactly what that framework is, we’ll see.”
So is the Fiscal Charter, the famous act that legally binds the Government to hitting a surplus, about to be axed entirely. Then again, we are in a chaotic period of Government – much that seems certain can crumble in the following weeks.
Even after the recession has passed, it is hard to see how Mr Hammond can easily spend billions more on investment in the coming years without falling foul of the rule.
So, at the very least, it is quite possible he modifies the Charter this winter.
For the time being all we have to go on is that word: “reset”.
A clever piece of vague political messaging Or a signal he really plans to throw out his predecessor’s golden rule.
I fully support the view of our Labour MEPs Labour MEPs have warned that Britain must continue to enforce EU anti-tax dodging laws in any post-Brexit settlement, following today’s announcement by the European Commission of new measures to enhance transparency in the wake of the Panama Papers scandal.
The main proposals include: better connecting anti-money laundering rules with anti-tax avoidance rules; improving information exchange on beneficial ownership; increasing oversight of the enablers and promoters of aggressive tax planning; promoting higher tax good governance standards worldwide; and improving the protection of whistleblowers.
Anneliese Dodds MEP, Labour’s European Parliament spokesperson on tax, said:
“When we think about Britain’s post-EU future, we have to make absolutely sure that major advances like these in the fight against tax avoidance are not lost. The government should guarantee that, whatever the final shape of our relationship with the EU, the UK continues to uphold the very high standards set by the EU when it comes to fighting for tax justice.
“Today is a good day in the fight for tax justice. This is real progress, and shows once again that the EU is leading the way in the fight against tax evasion and aggressive tax avoidance. These are cross-border problems that require cross-border solutions in order to be fixed.
“For years now, Labour politicians in both the UK and Europe have been calling for more transparency when it comes to finding out who really owns our companies and trusts. It is only by having that information that we can stop people from using opaque structures to avoid the tax they should rightly be paying.
“Now the European Commission is proposing that all information about beneficial ownership of companies should be public, and that information about trusts should be available to anyone who can demonstrate that they have a legitimate interest in finding out more.” Labour MEPs will vote for a report calling for further action to fight tax evasion and aggressive tax avoidance, including a blacklist of tax havens, investigations into the roles of banks and tax advisers, and greater international cooperation.
Payments from a £3bn European development fund were suspended indefinitely by the UK Government, just days after the vote to leave the EU. In a move that exposes the almost immediate impact of Brexit on the UK economy, businesses say they have been told they will not now receive money that was due to be paid out under the European Regional Development Fund (ERDF).
The fund, designed to promote economic growth, has to be matched by payments from member states and there was speculation the UK Treasury may be concerned about whether the Government can afford to continue paying its share, particularly if it had to meet any shortfall for schemes which extend into the post-Brexit period.
A letter to the then Chancellor George Osborne from a group of London-based companies, which has been seen by The Independent, appealed for the “pause” to be lifted. The letter – written by John Spindler, chief executive of non-profit firm Capital Enterprise, and signed by several other company bosses – said £3.7m in funding had been agreed in March 2016 to help provide expert support to more than 600 tech start-ups in the City under a scheme called CASTS.
“Until last week we were on track to sign the full funding agreement in mid-July,” the letter said. “So it was with alarm that we heard … that, because of the referendum result, the Department of Communities and Local Government has notified the GLA [Greater London Authority] to inform Capital Enterprise that ERDF projects like CASTS, were to be put on ‘pause’ for an indefinite period.
“We would urge you to unblock this funding which is vital to the tech community in London. [The referendum] result has created a lot of uncertainty and raised questions for what it means for tech businesses in London.”
It is understood the Department for Communities and Local Government (DCLG) and the Mayor of London’s office have also written to the Treasury asking for the suspension of payments to be lifted.
The suspension came into effect when Mr Osborne was Chancellor and whether to lift it will be a key early decision for his successor Philip Hammond to take. The Government is expected to make an announcement on the situation in the next few days.
The current ERDF began in 2014 and is due to run until 2020, by which point it is expected that the UK will have left the EU. The total amount available from the fund was €3.6bn (about £3bn), but about 20 per cent is thought to have been given out already. This means that just under €3bn (about £2.5bn) is left. However these payments must be supplemented national public and private funds(In a nutshell PFI).
Mr Spindler said Capital Enterprises, which was set up by universities and others to help small start-up companies grow quickly, had already spent about £50,000 in expectation of getting the £3.7m and had 20 people lined up to start work next month.
He said they would look for new investors in the public or private sector if the money was not forthcoming. “It will have a big impact on the tech sector,” Mr Spindler said of the prospect of losing the funding. “Combined with the investment uncertainty after Brexit, it means the tech sector, which has been one of the drivers of growth, particularly in London, is not going to come grinding to a halt but will significantly slow down.”
It was unclear whether all or just some payments from the ERDF have been suspended by the Treasury. But there are increasing signs that the suspension is affecting a large amount, if not all, of the smaller funding schemes that receive ERDF money.
When I see people going hungry and homeless I would appeal to all to donate what you can no matter how big or small see details below:
Donate generously please:
account name: Javed Iqbal
Bank Name: TSB
Account number: 29105060
Sort code: 77-85-51
registered charity number for homeless heroes: 10229353