Update to 2020-21 government financing remit

first_imgUpdate to 2020-21 government financing remit This follows on from the last revision to the DMO’s financing remit for 2020-21, published on 16 July 2020, which laid out planned gilt sales of £385 billion up to end-November 2020. This update sets out plans for the remainder of 2020-21.The financing arithmetic sets out the components of the government’s net financing requirement (NFR) and the contributions from various sources of financing. The updated financing arithmetic for 2020-21 is set out in Table 1.The OBR’s forecast for the central government net cash requirement (excluding NRAM plc, Bradford and Bingley and Network Rail) (CGNCR (ex NRAM, B&B and NR)) in 2020-21 is £402.5 billion. This is the fiscal aggregate that determines gross debt sales and is derived from the Public Sector Net Borrowing (PSNB) forecast. The net financing requirement for the DMO in 2020-21 is £483.5 billion.Planned gilt sales for the DMO will total £485.5 billion in 2020-21 and will be split by maturity and type as follows:£167.9 billion of short conventional gilts (34.6% of total issuance)£149.6 billion of medium conventional gilts (30.8% of total issuance)£134.9 billion of long conventional gilts (27.8% of total issuance)£33.2 billion of index-linked gilts (6.8% of total issuance)HMT is also confirming today that NS&I’s net financing target for 2020-21 remains unchanged at £35 billion (+/-£5 billion). On 16 July 2020, this target was revised upwards from £6 billion (+/- £3 billion) to reflect the government’s increased funding requirements during the COVID-19 pandemic.The funds raised from retail savers by NS&I are an important source of government financing. In the first six months of this financial year, NS&I raised £38.3 billion. With gilt yields currently at low levels, however, the government can currently raise finance more cost-effectively through gilt issuance.Table 1: Financing arithmetic in 2020-21 (£ billion)Budget 2020November 2020CGNCR (ex NRAM, B&B and NR)(1)65.3402.5Gilt redemptions97.697.6Planned financing for the Official Reserves0.00.0Financing adjustment carried forward from previous financial years(2)-0.818.4Gross Financing Requirement162.1518.5Less: NS&I net financing6.035.0Other financing items(3)0.00.0Net Financing Requirement (NFR) for the DMO156.1483.5DMO’s NFR will be financed through: Gilt sales, through sales of: – Short conventional gilts51.0167.9– Medium conventional gilts34.2149.6– Long conventional gilts42.3134.9– Index-linked gilts20.633.2– Unallocated amount of gilts8.00.0Total gilt sales for debt financing156.1485.5Total net contribution of Treasury bills for debt financing0.0-2.0Total financing156.1483.5DMO net cash position0.50.5Figures may not sum due to rounding (1) Central Government Net Cash Requirement (excluding NRAM plc, Bradford and Bingley (B&B) and Network Rail (NR)).(2) The £18.4 billion financing adjustment in 2020-21 carried forward from previous years reflects the 2019-20 outturn for CGNCR ex, as first published on 23 April 2020.(3) Prior to the publication of the end-year outturn in April each year, this financing item will mainly comprise estimated revenue from coinage. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bradford, cash, Central, coronavirus, covid-19, finance, Government, pandemic, revenue, sales, UK, UK Governmentlast_img read more

Commissioner Says Police Determined To Arrest Coke

first_imgAdvertisements RelatedCommissioner Says Police Determined To Arrest Coke Commissioner Says Police Determined To Arrest Coke National SecurityMay 29, 2010 RelatedCommissioner Says Police Determined To Arrest Cokecenter_img FacebookTwitterWhatsAppEmail Commissioner of Police, Owen Ellington, has voiced the determination of the police to serve the arrest warrant on Christopher Coke, who is wanted on drug and gun charges in the United States.“We will catch him, we will execute that warrant and he will face justice,” he told a press conference at Up-Park Camp Friday (May 28). Mr. Ellington said that police intelligence has suggested that Mr. Coke is still in Jamaica.A warrant has been out for Mr. Coke since Friday (May 22), the signing of which triggered unrest in downtown Kingston and led to the security forces moving in to take control of the situation.Commissioner Ellington said that the unrest broke out, as many of Coke’s supporters perceive him as being above the law and believe he should not be extradited to face the charges.The unrest has led to attacks on 14 police stations, with two of them being destroyed by fire. Three members of the security forces were killed, while the number of civilian deaths now stands at 73. The police also detained 700 persons as a result of the operation.The media was today, presented with graphic evidence of the preparations criminals in Tivoli Gardens had made to wage an all-out assault on the security forces, with videos, as well as photos of improvised explosive devices, guns, strategic barricades and sniper posts set up by the criminalsA total of 22 firearms and about 7,000 assorted rounds of ammunition, were recovered. RelatedCommissioner Says Police Determined To Arrest Cokelast_img read more

Next Gen testing to resume at Dover; SHR’s Custer set for driving duties

first_imgA test of the Next Gen car for NASCAR’s Cup Series is scheduled Monday and Tuesday at Dover International Speedway following a Cup Series doubleheader weekend.Competition officials confirmed Monday that Stewart-Haas Racing rookie Cole Custer will make laps in the prototype at the 1-mile Delaware track, putting more production parts into use and testing the high-load conditions of the concrete high banks. It’s the first test for the Next Gen model since the COVID-19 outbreak in March.NASCAR officials announced April 2 that the Next Gen car’s Cup Series debut would be delayed from 2021 to 2022 as the industry weathered the effects of the coronavirus pandemic. The outbreak also scratched a March 16-17 test scheduled with SHR’s Clint Bowyer at Atlanta Motor Speedway.Additionally, competition officials revealed that IMSA team Action Express Racing is making laps Monday with its own Next Gen prototype at the Daytona International Speedway Road Course. The team test is being conducted with reigning series champ Felipe Nasr and Team Penske’s Austin Cindric, who won Saturday’s Xfinity Series race on the 3.61-mile Daytona Road Course layout.“The Action Express test allows a sports car team to learn about the architecture of the Next Gen car and explore any opportunities to adopt new technologies,” said John Probst, NASCAR Senior VP of Innovation and Racing Development. “The test also benefits NASCAR — it helps us check the durability of parts, helps with tire development and gives us data from a road course test.”Previous tests of the Next Gen car include Austin Dillon at Richmond (Oct. 18-19, 2019), Joey Logano at Phoenix (Dec. 9-10, 2019), Erik Jones at Homestead-Miami (Jan. 15-16) and William Byron at Auto Club Speedway (March 2-3).RELATED: William Byron details Next Gen testlast_img read more


first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to LinkedInLinkedInLinkedInHousebreakings – Dumfries and Galloway Police Scotland is investigating a spate of housebreakings in Dumfries and Galloway which happened sometime between Friday 27 and Sunday 30 November 2015. Houses in Kirkcudbright, Castle Douglas, Thornhill, Dumfries and Ruthwell were broken into, or attempts made to break into them over this period.Four houses in Kirkcudbright were the subject of break-ins or attempts. Houses in Dunbar Avenue, Boreland Road and two on the outskirts of the town were all targeted and either broken into, or in one case an attempt made to gain entry. A watch, perfume cash and other jewellery appear to have been taken in the raids.In Castle Douglas a house in Dunmuir Road in the town was broken into sometime overnight Saturday/Sunday. Money and jewellery appear to have been the target again.In Dumfries, a house in Makbrar Road was entered sometime between Friday 27/Monday 30 November 2015. Property targeted appears to have been jewellery and cash.In Thornhill an attempt was made to break into a house in Queensberry Beeches in the town overnight Friday/Saturday. Entry was gaind to the premises however, no property was stolen.A house at Midlocharwoods at Ruthwell suffered an attempted break-in sometime overnight Saturday/Sunday. Again no entry was gained however damage was cause in the attempt.Detective Inspector Dean Little at Dumfries said ” we are at this stage appealing for anyone in these towns or indeed anywhere else in the region to get in touch with us if they saw or heard anything suspicious between Friday evening and the early hours of Sunday morning. We are following reports of two sightings of a group of three men who appeared to be acting suspiciously in Thornhill and Castle Douglas in both the early hours of Saturday morning and later that same evening. The men were seen in the Queensberry Beeches area of Thornhill at around 0100 hours on Saturday morning and again at 2040 hours on Saturday evening in Dunmuir Road in Castle Douglas. They are described as (1) Male, white, 18/23 years of age, 5’9″ tall, slim to medium build, dark hair wearing light coloured jeans and a blue waist length puffa style jacket. (2) Male, white, 18/23 years, dark hair, slim to medium build, wearing a dark puffa jacket and jeans. (3) male, white, 5’10” tall, light coloured hair. square face wearing a green coloured waist length jacket and jeans.A worrying factor in this recent spate of crimes is that a number of the houses which are attacked had occupants in them sleeping at the time as opposed to some which were vacant.Clearly we are following the line that these crimes are connected given the striking similarities of the crimes which were committed over a very short timescale and are currently following a number of positive lines of enquiry. We still want to hear from anyone who can help us identify these three men and we can be contacted through the usual 101 number.We would also make the appeal for everyone to be extra vigilant at this time of year as we head into the busy festive period. Households tend to be full with presents at this time and thieves know this only too well. Always close and lock all doors and windows when leaving the house, or overnight and leave a light on when out during the hours of darkness. Anyone who requires advice on home security should contact their local Crime Reduction Officer through 101 and an appointment can be made to call and review your home security. This is a free service which can give practical and affordable advice on how better to make sure you don’t become another statistic in relation to being broken into, and suffer all the heartache that goes with such a crime.”last_img read more

Argos Travel To Shorter, West Georgia For Crucial Road Stretch

first_imgJON BROWNS EARNS FOURTH GSC FRESHMAN OF THE WEEK AWARD GSC LEADERS* The Argos have worked their way back into the GSC playoff picture by winning five of their last seven games. The team is 2.5 games behind West Georgia for the eighth and final spot as of Wednesday. The team is just a half game behind Montevallo for ninth.* Rashaan Benson and Jon Brown are currently tied for 13th in the conference with 13.0 points per game.* Henderson is seventh in the GSC with 7.0 rebounds per game.* Benson is seventh in the GSC with a free throw percentage of .792. Brown is eighth with a .786 mark from the line.* Benson is seventh with 1.5 steals per game. He is eighth with 3.6 assists per game. *  UWF men’s basketball won for the fifth time in the last seven games Monday at Auburn Montgomery. The Argos downed the Warhawks 92-85 behind 21 points each from Jarrett Henderson and Maxwell Benoit. Five players scored at least 15 points.* Henderson went over 20 points for the second straight game, collecting nine rebounds in the process. Benoit, who carded just 22 minutes, shot the ball at an exceptional clip all night, knocking down 7-of-12 attempts from the field and 4-of-7 beyond the arc. UWF shot 32-of-59 from the field as a team, knocking down 6-of-15 three-point attempts and 22-of-25 free throws. PENSACOLA, Fla. – UWF men’s basketball will look to continue its Gulf South Conference playoff push this week at Shorter and West Georgia. The Argos battle the Hawks in Rome Thursday at 8:00 p.m. ET/7:00 p.m. CT before heading to Carrollton for a showdown with the Wolves Saturday at 4:00 p.m. ET/3:00 p.m. CT. ARGOS DOWN AUM BEHIND 21 POINTS FROM HENDERSON, BENOIT SCOUTING SHORTER* Shorter is currently 2-19 and 0-13 in conference play. The team is 2-9 at home and 0-10 away.* Joe Russell is 17th in the GSC with 12.7 points per game.* Five players scored in double figures to power a 79-63 win for West Florida men’s basketball over Shorter Jan. 17 at the UWF Field House.* UWF is 7-6 vs. Shorter since 2013. The Argos have defeated the Hawks in five straight games. UWF is 4-3 in Rome vs. Shorter since 2013.center_img UWF will return home for a three-game stretch beginning Feb. 14 vs. Delta State. The Argos currently sit 2.5 games behind West Georgia for the eighth and final Gulf South playoff spot. SCOUTING WEST GEORGIA* The Wolves are 12-9 overall and 7-6 in conference play. The team is 7-2 at home, 4-6 away and 1-1 on neutral floors.* Marquill Smith currently leads the conference in both points per game (26.0) and rebounds per game (8.5). He is also first with 3.3 three-pointers per game. The Argos held him to 12 points Jan. 19*Aren Ulmer is third in the conference with 4.8 assists per game.* Maxwell Benoit scored a collegiate career-high 31 points, and UWF men’s basketball cruised past West Georgia 83-51 Jan. 19. The win was the most impressive of the season for the Argonauts, who reset team season-highs in points (83) and shooting percentage by going 26-of-49 (.531) from the field. The margin of victory (32) was also the largest of the season for UWF, and the 51 points were the fewest the team has held an opponent to this year.* UWF is 14-13 vs. West Georgia since 2006. The Argos are 5-11 in Carrollton vs. UWG in that span. UWF has defeated West Georgia in each of the last five contests.For the latest information on UWF men’s basketball, follow the team on Twitter @UWFMensBBall.#ARGOS#Print Friendly Version * For the fourth time this season, Jon Brown has earned the Gulf South Conference Freshman of the Week award. The phenomenal freshman posted 37 points last week vs. Auburn Montgomery and West Alabama.* An alum of Helena High, Brown has impressed all season for the Argonauts. He continued his strong play last week, shooting 8-of-10 from the field, 2-of-3 from three and 1-of-1 from the line en route to 19 points vs. Auburn Montgomery. He also passed out five assists and grabbed four rebounds. He followed that with an 18-point, three-rebound performance vs. GSC-leading West Alabama. THURSDAY: LIVE STATSSATURDAY: LIVE STATS | LIVE VIDEOlast_img read more