One Last Dance: Theresa May celebrates England cricket win with victory boo

first_img whatsapp Tory leadership favourite Boris Johnson hailed an “incredible day of sport”, also paying homage to British Grand Prix victor Lewis Hamilton and Wimbledon men’s champion Novak Djokovic.  Monday 15 July 2019 11:33 am Last year she danced with school children in South Africa, before shimmying onto stage at the Conservative party conference in a clip that soon went viral on social media. While May was the only politician to get her groove on last night, she was not alone in celebrating England’s dramatic cricket victory over New Zealand. Prime Minister Theresa May danced away one of her final weekends in number 10, throwing her trademark shapes in celebration of England’s cricket World Cup victory. Read more: Theresa May urges G20 leaders to tackle climate change Read more: Theresa May says leaked ambassador emails a ‘matter of regret’ Impromptu boogies have become a feature of May’s troubled time in Downing Street, providing some light relief amid tense Brexit negotiations. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarMisterStoryWoman files for divorce after seeing this photoMisterStoryLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search Ads Britain’s Prime Minister Theresa May dances a few steps as she takes the stage to give her keynote address on the fourth and final day of the Conservative Party Conference 2018 at the International Convention Centre in Birmingham, central England, on October 3, 2018. (Photo by Ben STANSALL / AFP) (Photo credit should read BEN STANSALL/AFP/Getty Images) James Warrington Tags: Theresa May May, who has been branded the ‘Maybot’ by detractors, dropped some of her notoriously awkward dance moves last night to Abba hits including Dancing Queen and Mamma Mia. Main image credit: Getty “Won’t make any trite comparisons about other contests where the seemingly impossible really can happen…but so proud to see the England cricket team lift the World Cup trophy for the first time on home soil!” he wrote in a tweet. Rival Jeremy Hunt also welcomed England’s triumph at Lords, though he could not resist a reference to his ongoing battle with Johnson. The outgoing prime minister’s swansong was caught on camera at Henley Festival, which May attended with her husband Philip.  Share whatsapp One Last Dance: Theresa May celebrates England cricket win with victory boogie More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

News / Fears air freight rates may soar even higher as tech launches loom

first_img By Alex Lennane 04/08/2020 © Jirapatch Iamkate Air freight rates could see further increases as forwarders report an up-to-four-week wait for ocean freight bookings from China to Europe.While transpacific ocean freight is enjoying more capacity, the westbound trade is expected to get “a lot, lot worse”, which could cause a knock-on effect in air freight as frustrated shippers look to move goods faster.Air prices have been rising for the past fortnight and there are concerns among shippers that they will go higher still with the onset of tech product launches next month.The highest increase was from Shanghai to Europe, which went up 14.8% to $3.52, according to last week‘s TAC Index, and Shanghai to the US went up 10.9% to $5.51, showing the continued strength of the transpacific market.center_img The basket of China to Europe hit $3.51, up 6.69%, while China to the US is at $5.46, having risen 5.81%. Rates out of Hong Kong, which has seen a resurgence in Covid cases, have remained broadly similar.The tightening rates are likely due to rising demand, as capacity remains broadly unchanged – although more airlines are now scheduling more passenger flights.Freight Investor Services said predicting the market was difficult.“A number of airlines [are] publicly quite bullish for September onwards. August is quiet, except it isn’t, which is a summary of the lack of consensus in the current market.“In fundamental terms, we are still looking down the barrel of various airfreight-centric product launches that correlate with a bullish viewpoint. However, capacity still remains highly uncertain, linked to passenger traffic inconsistencies.“Meanwhile, the market appears (at least on ex-APAC routes) to be pricing about 25% above its 2019 level for the time being.“What is more of a concern for shippers is a new and persistent requirement to absorb both the higher air freight rates and direct market volatility.”According to the latest data from Clive Data Services, transatlantic eastbound is also on the rise, both in capacity as well as dynamic load factors. The TAC Index saw rates from Chicago to Europe rise nearly 6% last week. Frankfurt to the US prices, however, fell 3.47%.last_img read more

Daylight saving time is next week — Here’s how to prepare now

first_imgIn the fall, waking up and realizing daylight saving time ended overnight might feel great — especially when you get that extra hour of sleep.In the spring, however, the transition is reversed. The panic of waking up unexpectedly an hour late for whatever is scheduled that morning is unsettling, to say the least. Daylight saving time starts on the second Sunday in March at 2 a.m. and ends on the first Sunday in November at 2 a.m in the United States. This year, that’s March 14, when we set our clocks ahead one hour, through November 1, when we set them back one hour. And those of you in Europe aren’t exempt, but you will have to wait two more weeks for March 28.Although it’s intended to save energy and make better use of daylight, it’s recognizable to most as something they might forget, which could cost them accidentally sleeping in or waking up less rested than they would have hoped. Want a good night’s sleep? Here’s when to stop drinking coffee May 4, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRather than struggle through the biannual switch, Dr. Shalini Paruthi recommends that people to prepare for the change, so it’s not so disruptive to our sleep schedules.“Even though the clock will shift, it doesn’t mean that our sleep duration should shift,” she said. Depending on when you realize daylight saving time is coming, there are a few ways Paruthi suggests you prepare: Advertisement Health Matters: Menopause and Sleep Changes May 24, 2021 Advertisement Why the day after Daylight Saving Time starts is important March 15, 2021 About a week in advance: Start shifting the time you go to sleep and wake up by 10 minutes earlier each night and each morning.Three days in advance: Start shifting the time you go to sleep and wake up by 20 minutes earlier each night and morning.The night before: It’s still not too late to get your seven hours of sleep — two options are to go to bed half an hour early and sleep in half an hour or go to bed an hour early.It was difficult for Paruthi to find a silver lining in daylight saving time, though she said it can’t hurt to all be reminded how important sleep is and that we need to pay attention to it.“At least this sort of brings an awareness that we really do need to make sure we’re getting enough sleep,” she said. AdvertisementTags: daylight saving timeSleepsleeping Study: Reducing blue light on your phone isn’t helping you sleep May 9, 2021 RELATEDTOPICSlast_img read more

Why Traditional Networks Can’t Support Modern Business

first_img[ Close ] Apps are at the heart of today’s businesses. Organizations increasingly rely on software to create more engaging customer experiences, enhance operational efficiencies and empower remote workers. Apps running in cloud environments also help boost agility, allowing IT groups to quickly make modifications that keep pace with shifting business requirements.To make the most of all of their apps, many organizations need to transform their networks, improving scalability and flexibility. Traditional networks were not designed to support hybrid clouds, edge locations or container workloads. They cannot deliver application services across multiple clouds or provide insight into app performance in those multi-cloud environments. As part of this network transformation, organizations must also bolster security. Distributing apps across clouds and empowering a growing remote workforce expand an organization’s attack surface. Beyond fortifying the perimeter, organizations must safeguard east-west network traffic, where the majority of today’s workloads move, unprotected.How can your organization better support your critical apps? VMware network solutions can help you build a scalable, flexible and more secure network that can connect and protect apps wherever they run and wherever your users access them. With several solutions designed for the network edge, VMware can also help you support branch workers and a growing remote workforce easily, enabling them to connect to apps more securely from anywhere.Supporting vital apps with a network designed for a multi-cloud worldWhat are the defining features of a scalable, flexible and more secure network? Cloud and infrastructure agnostic. You should have the freedom to employ the cloud, networking and security services that are ideal for each app—even if you are supporting bare-metal architectures as well as containerized, microservices-based apps. VMware NSX Data Center—which provides full-stack networking and security virtualization—lets you build a cloud- and infrastructure-agnostic network to maximize flexibility. Cloud consistent. Your network should allow you to use your choice of any or many clouds for building and running apps—without adding complexity. VMware network solutions help establish consistent networking and security across all environments, including private clouds, public clouds and edge environments. Using these solutions, you can shift workloads among clouds while continuously protecting apps and data. With VMware solutions, you also gain a single administrative console plus automation capabilities to streamline networking and security management across all of your environments. Intrinsically secure. Security can no longer be bolted on. Your network should integrate built-in, context-aware, unified security—security that is designed for highly distributed infrastructure and that anticipates threats. The VMware NSX Service-defined Firewall protects east-west network traffic while employing multiple advanced threat prevention techniques. The firewall’s network segmentation capabilities allow administrators to define and enforce network security policies for each app, workload, service or virtual desktop session. This firewall and other VMware intrinsic security solutions can help you reduce cost and complexity by minimizing the number of products, agents and interfaces you must use to stay secure.Intelligent. VMware network solutions incorporate built-in analytics and provide automated, intelligent recommendations that help you optimize networking and security functions. Greater visibility and insight into networking and security help simplify incident troubleshooting while also making it easier to demonstrate policy compliance. Connecting branches and remote workers to the cloudTo support a full array of essential apps—and the people who use them—your network must fully integrate edge environments. The network should enable your branch workers and growing remote workforce to connect to key apps easily and securely, even if those people are located far from corporate headquarters.What are the attributes of a network built for connecting and protecting the edge?Performance driven. Your network should help you deliver high-performance connectivity to the branch offices and remote workers at the edge of your WAN. As do headquarters employees, physically distant workers need fast, responsive experiences when using business-critical software. VMware SD-WAN provides the high-performance, reliable access that branches and remote workers require. Rapidly provisioned, efficiently managed. Network solutions for the edge should help accelerate provisioning. With VMware SD-WAN, you can provision branch offices in minutes using automated, zero-touch deployment capabilities. After provisioning, you can centrally manage your global WAN from the cloud using outcome-driven policies, end-to-end analytics and remediation control capabilities.Cloud connected. Network solutions for the edge should give branch offices and remote employees an easy way to connect with any cloud or cloud-hosted apps while reducing latency. VMware SD-WAN allows your workers to directly access apps from software-as-a-service, hybrid, multi-cloud and telco cloud environments through a gateway-as-a-service solution.Intelligent. Your network should offer visibility into end-user and IoT devices operating at the edge, providing IT teams with insight into performance and helping them identify potential issues. VMware Edge Network Intelligence is a vendor-agnostic solution that enables you to proactively manage app performance and remediate issues so you can deliver rich client experiences without adding complexity. Highly secure. You should be able to enforce intelligent, tailored security policies across your entire network, all the way to the edge. By choosing an integrated secure access service edge (SASE) solution, such as the VMware SASE Platform, you can gain the combined power of software-defined WAN gateways, Zero Trust secure access, secure web gateways, cloud security access brokers and next-generation firewalls. Transform your network with VMwareWe live in a rapidly changing, app-driven world. To maximize the value of their apps, many organizations will need to transform their networks. VMware network solutions can help you build a flexible, scalable and more secure network that lets you make the most of the apps at the heart of your business. ▪ last_img read more

2019 Remembered: Two businesses on Portlaoise Main Street close in June

first_img RELATED ARTICLESMORE FROM AUTHOR Here are all of Wednesday’s Laois GAA results TAGS2019 Remembered Facebook Twitter Home News Business 2019 Remembered: Two businesses on Portlaoise Main Street close in June NewsBusiness By LaoisToday Reporter – 27th December 2019 Previous articleDriver caught with €70,000 worth of drugs during search in PortlaoiseNext article2019 Remembered: Fire broken out in Portlaoise LaoisToday Reporter GAA GAA 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory center_img Twitter Back in June, two well-known businesses closed down within a couple of weeks of each other:Two eateries have closed on Main Street Portlaoise in the past few weeks.La Lola Tapas and Chipmongers takeaway have both closed on Main Street.La Lola Tapas, located on the prime location of 37 Main Street, has gone up for rent on Daft.ie.Chairperson of Downtown Portlaoise, Alison Browne, spoke about the loss of the two restaurants.“Obviously we hate to see any business close in Portlaoise,” said Alison.She also spoke about how businesses can thrive on the Main Street, and spoke of ensuring that the right supports are there.“There are great initiatives to setting up a business on the Main Street.“I would encourage anyone hoping to set up a business on Main Street to contact the Business Support Unit or Laois Enterprise Office.”The La Lolas restaurant/bar premises is €1,000 a month to rent for 915 sq. feet (85 sq. metres). At the time of writing, the property had been viewed 1,252 times after six days.It opened for business before Christmas 2017 – and was run by Itxi Saila Ferrer, who is from the Basque region of Spain.Chipmongers, located on 62 Main Street, took over the premises from Donie’s Takeaway, less than a year ago.Chipmongers is a chain with outlets in Northern Ireland, Dublin, Cahir, Enniscorthy and Cork.The Chipmongers sign has been covered up and a hand-written sign on the door said: “Chipmongers Portlaoise would regretfully like to inform all our valued customers that we are no longer open for business.”We would like to thank all our customers for their support.” WhatsApp Facebook Pinterest SEE ALSO – Check out more from the 2019 Remembered Series 2019 Remembered: Two businesses on Portlaoise Main Street close in June Pinterest GAA WhatsApplast_img read more

LIVE BLOG: Follow all the action from Laois Senior and Premier Intermediate hurling championship clashes

first_img Electric Picnic WhatsApp Brought to you in association with Telfords, Portlaoise and MountrathThe Laois club hurling scene continues this evening with championship games in the top two grades.In MW Hire O’Moore Park, Camross meet neighbours Borris-Kilcotton in the opening round of the Laois Shopping Centre SHC while in Mountrath, Portlaoise take on Ballyfin in the opening round of the newly-named Premier Intermediate.With Government restrictions limiting the crowds at outdoor events to 200, including players and officials, these games will be played in front of just about 100 spectators with each club getting just 50 tickets each.It’s a highly unusual situation but then this year has been anything but normal.Previously a Camross-Borris-Kilcotton clash even at this early stage of the championship would probably have broken the 1,000 barrier.In any case, it will be streamed live online with Laois GAA charging €5 to watch the game.It won’t be the same as being there but it is better than nothing. Twitter Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR By LaoisToday Reporter – 30th July 2020 TAGSBallyfin v PortlaoiseBorris-Kilcotton v CamrossLaois Premier IHCLaois SHCLive Blog SEE ALSO – Listen to the LaoisToday Talking Sport Podcast as we look ahead to the start of the Laois hurling championships Facebook Pinterest WhatsApp LIVE BLOG: Follow all the action from Laois Senior and Premier Intermediate hurling championship clashes Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Previous articleCoronavirus: One new death and 85 new Coronavirus cases with nine of these in LaoisNext articleLate goal does the trick as Borris-Kilcotton beat Camross in opening round of Laois SHC LaoisToday Reporter News The ever-popular LaoisToday blogs will be another way of following the action – and from both grounds.We’ll bring you score by score updates from both with Alan Hartnett in Mountrath for us and Rory Delaney in Portlaoise. Home Hurling Club Hurling LIVE BLOG: Follow all the action from Laois Senior and Premier Intermediate… HurlingClub HurlingSportGAA Twitter Electric Picnic Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

JOB VACANCY: Portlaoise Family Resource Centre seeking to hire Community Childcare Service Manager

first_img Electric Picnic organisers release statement following confirmation of new festival date Twitter RELATED ARTICLESMORE FROM AUTHOR Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest Pinterest Facebook Home Jobs JOB VACANCY: Portlaoise Family Resource Centre seeking to hire Community Childcare Service… Jobs JOB VACANCY: Portlaoise Family Resource Centre seeking to hire Community Childcare Service Manager TAGSPortlaoise Family Resource Centre Previous articleO’Connell on form as Park-Ratheniska down St Joseph’s to reach Ladies Intermediate finalNext articleLaois County Council holding Hazardous Household Waste Collection this weekend LaoisToday Reporter Twittercenter_img Electric Picnic Electric Picnic WhatsApp Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Facebook WhatsApp SEE ALSO – Check out the dedicated jobs section on LaoisToday.ie By LaoisToday Reporter – 17th September 2020 News Portlaoise Family Resource Centre Ltd. wish to recruit a Community Childcare Service Manager. The post is full time 40 hours per week. The Community Childcare Manager will report to the Manager of Portlaoise Family Resource centre.The successful candidate will be responsible for managing the delivery of high-quality care and learning opportunities for children, based on the needs and interests of those children.They will be tasked with ensuring Policies and Procedures are followed by all staff; giving staff support and help with their development; support for daily operations; and oversight of curriculum, and program planning and documentation.The financial operations and all POBAL/PIP interactions will be managed with the support of the FRC administration staff.The successful candidate will have experience in a community setting and the ability to manage multiple tasks in a busy early childhood education environment with a high level of professionalism.The ideal candidate should have:A third level qualification in early yearsA minimum of 3 years’ experience in managing an early years’ service including leading and supervising a staff team and dealing with HR issuesExperience of delivering Family Support work in a community-based settingExperience of delivering evidence based early years programmesExcellent interpersonal and communication skillsExperience in managing budgets, accessing funding for programme work, strategic planning and policy developmentA proven track record in building strong and positive working relationships at all levels internally and externally including statutory, community and voluntary agenciesA good knowledge of Children First: National Guidance for the Protection and Welfare of Children and TUSLA Meitheal National Practice Model and DLP experience.Flexibility, self-motivation, initiative and drive.Full, clean driving licence and be a confident driverSalary will be based on the experience and qualifications of the successful candidate.Job description and person spec available.To apply To apply please submit a current CV with a cover letter outlining your suitability for the role to: [email protected] or The Manager, Portlaoise Family Resource Centre, Harpurs Lane, Portlaoise, Co Laois.Closing date for applications is Friday 2nd of October 2020 Portlaoise Family Resource Centre is an equal opportunities employer.This position is funded by TUSLA Child and Family Agency.last_img read more

Waterloo, Intact Financial seek ways to reduce damage from severe weather

first_img Keywords Climate change Facebook LinkedIn Twitter Climate metrics are imperfect, but advisors still need to start using them James Langton Group of large oilsands operators commit to become net zero emitters by 2050 The University of Waterloo and Intact Financial Corp. (TSX:IFC) have created a new research centre that will look for new ways to reduce weather-related property damage linked to climate change. Intact will initially provide $4.25 million for a program focused on how to protect Canadian communities from severe precipitation, such as unusually heavy rains and ice storms. Related news Another program will identify how various Canadian industrial sectors are vulnerable to extreme weather. The new Intact Centre on Climate Adaptation will be based in the Waterloo, Ont.-based university’s environment faculty. The centre will monitor applied research from around the world and conduct its own research. The ICCA will also launch a national Home Adaptation Audit Program (HAAP) to assess the vulnerability of homes to flood damage, and make specific recommendations to help homeowners avoid costly damage from extreme weather. Intact has been warning for several years that weather-related events such as unusually heavy rainfall have become a major challenge to the insurance industry, consumers and business. Blair Feltmate, the University of Waterloo professor who will lead the new centre, previously worked with the company on 20 pilot projects in five provinces. Intact provided $700,000 for the pilot projects, including $75,000 to create more porous ground by ripping up paving in Calgary and the Ontario communities of Mississauga, Peterborough, Kingston and Ottawa. Carney warns of climate exposure at RIA conference Share this article and your comments with peers on social medialast_img read more

Billionaire wealth declines in 2018

first_img Keywords Ultra high net worth clientsCompanies UBS, PriceWaterhouseCoopers LLP Survey finds widespread support for a wealth tax Ending five years of growth, the collective wealth of global billionaires declined in 2018, says a new report from UBS AG and PwC.Combined billionaire wealth dropped by 4.3% last year, or $388 billion, to $8.5 trillion (all figures are in U.S. dollars). Share this article and your comments with peers on social media Related news Facebook LinkedIn Twittercenter_img World’s wealthiest getting richer The number of billionaires globally declined by 2.6%, “with especially sharp falls in wealth in China and India,” the report said.The decline in combined wealth followed five years of consecutive growth, which saw billionaire wealth rise by 34.5%, or $2.2 trillion. Over the same period, the billionaire population increased by 589 to reach 2,101.According to the report, the decline in billionaire wealth in 2018 came as equity markets “suffered their worst correction since the 2008 financial crisis” amid “a strong U.S. dollar, trade friction, fears of lower economic growth and financial market volatility.”“The billionaire boom of the past five years has now undergone a natural correction,” said Josef Stadler, head of ultra-high net worth at UBS Global Wealth Management. “The stronger dollar, combined with greater uncertainty in equity markets amidst a tough geopolitical environment, has created the conditions for this dip.”The report also noted that the population of female billionaires has grown by 46% over the past five years, outpacing the growth in male billionaires, albeit from a much lower starting point.Since 2013, the number of female billionaires has risen from 160 to 233. Their assets have grown by 26% in that period, to $871.2 billion, driven mainly by progress in Asia. James Langton Piggy bank with money flat icon illustration samuraitop/123RFlast_img read more

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