UK Prime Minister Boris Johnson’s office could not confirm that the budget will go ahead as planned on March 11, or that the government will keep to fiscal rules — announced by Javid — which require day-to-day public spending and revenue to be in balance within three years.
Javid, who had served as Britain’s finance minister since July 2019, had been locked in a power battle with Johnson’s top adviser Dominic Cummings for months over control of the Treasury. Javid’s replacement, who was chief secretary to the Treasury, is seen as a rising star in the Conservative Party. He worked at Goldman Sachs and in hedge funds before his career in politics.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Zambia Banks Reap Record Profits From Government DebtZambia’s government debt is yielding as much as 33% thanks to a widening budget deficit, and there’s one clear winner: local banks, which are reaping record profits.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Icahn Wants Occidental to Say If Got Takeover ApproachThe establishment of an independent Palestinian state, with East Jerusalem as its capital, is the solution that fulfills the legitimate rights of the Palestinian people and is the only path to a comprehensive and lasting peace, Jordan’s Foreign Minister Ayman Safadi said in an emailed statement.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Lyft Forecasts Disappoint Investors Seeking Faster ProfitLyft Inc. quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5% in extended trading.
Source: dailymaverick - 🏆 3. / 84 Read more »
Thursday's Sona the most significant since 1994, says Business Leadership SAPresident Cyril Ramaphosa is set to deliver his fourth state of the nation address (Sona) in parliament on Thursday, amid threats of disruption by the EFF and expectations of a game-changing speech from optimists Oooohh fock😔😏
Source: TimesLIVE - 🏆 28. / 59 Read more »
Business Maverick: February 12 : Five Things You Need to Know to Start Your DayFed chairman Powell said he’s watching the coronavirus impact carefully, Mastercard won an approval to set up business in China and Lyft beat analysts estimates — but disappointed investors. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Government must have clear policies for businessFor the economy to grow, small and medium-sized businesses need fundamental support from the state. The time to act on policy is now, writes Pieter Bensch. I co-sign on this ✊ ThuliMadonsela3 Do away with BEE and make into law that the Gov has to pay SME’s within 30 days of invoice...it’s not that hard 🙈
Source: City_Press - 🏆 7. / 72 Read more »