Reaction to UK finance minister Sunak’s jobs support plan



a group of people standing in front of a store: FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester


© Reuters/Phil Noble
FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester

LONDON (Reuters) – British finance minister Rishi Sunak announced on Thursday a new jobs support scheme that would help firms employ people on shorter hours, but warned he could not save every business or job.

Following is some early reaction:

BRITISH CHAMBERS OF COMMERCE DIRECTOR GENERAL ADAM MARSHALL

“The new wage support scheme will help many companies hold on to valued employees after furlough ends, and the extension of business lending schemes and tax forbearance will lessen the immediate pressure on cash flow for many affected firms.”

FEDERATION OF SMALL BUSINESSES NATIONAL CHAIR MIKE CHERRY

“Today’s support package is the flipside of the coin to Tuesday’s COVID-19 business restrictions.

“It is a swift and significant intervention, extending emergency SME loans, creating new wage support for small employers and

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‘Will challenge farm bills in Supreme Court’: Punjab finance minister





© Provided by Hindustan Times


Punjab’s finance minister Manpreet Singh Badal on Friday said the Central government wanted to enforce the Bihar model of agriculture for farmers across the country, “but the Punjab government will challenge the three farm bills, passed by Parliament recently, in the Supreme Court”.

“In the Bihar model, the Agricultural Produce Market Committee (APMC) has been scrapped and the farmers there are getting 30 percent lesser price for their produce than what the farmers in Punjab get. The Punjab government will challenge the three farm bills in the Supreme Court. Agriculture is a state subject and the union government has no right to interfere in a state’s matter,” said Badal while speaking to the media at Uttar Pradesh Congress Committee headquarters. He was in the state to convey the party’s stand on the farmers’ issues.

Also read: Congress, NCP say no to farm bills in Maharashtra.

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Territorial sales tax not coming to N.W.T., says finance minister



a woman smiling for the camera: ‘Growing the private sector economy is a key priority for this government, which would not be consistent with the introduction of a sales tax at this time,’ says NWT Finance Minister Caroline Wawzonek. 


© Mario De Ciccio/Radio-Canada
‘Growing the private sector economy is a key priority for this government, which would not be consistent with the introduction of a sales tax at this time,’ says NWT Finance Minister Caroline Wawzonek. 

The N.W.T. government is not plotting to introduce a territorial sales tax, said Finance Minister Caroline Wawzonek in a press release Friday. 

The release came on the heels of local media reports that raised the spectre of a new sales tax. 

In the news release, Wawzonek acknowledged that MLAs had asked her to consider new ways to generate “own-source revenues,” and that taxation was discussed in recent public dialogue. 

But, she said, the territory is “not advancing any initiatives” toward introducing a sales tax. 

“Growing the private sector economy is a key priority for this government, which would not be consistent with the introduction of a sales tax at this time,” Wawzonek said. 

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Congress files complaint with ECI against Telangana Finance Minister for intimidating voters before Dubbak by-poll



ANI |
Updated:
Sep 22, 2020 23:49 IST

Hyderabad (Telangana) [India], September 22 (ANI): Congress on Tuesday filed a complaint with the Election Commission of India (ECI) against the Telangana Finance Minister for “collecting resolutions from PR institutions” and “intimidating the voters” at Dubbak Assembly Constituency in the state where by-polls are around the corner.
In a letter to the ECI, Congress leader Ponnam Prabhakar said the Telangana Rashtra Samithi government in the state is intimidating voters to vote in favour of their candidates in Panchayat elections.
“I would like to draw your kind attention that TRS government in the state is misleading the people through their arid false promises and forcibly making decisions through them from Panchayat Raj institution for example in 41- Dubbak Assembly Constituency, Siddipet district of Telangana state to vote in favour of TRS candidate, in the ensuing by-election to above Assembly Constituency,” he wrote in

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Prime Minister of Armenia deliberately undermines format and substance of negotiation process

BAKU, Azerbaijan, Sept. 21

Trend:

The Prime Minister of Armenia deliberately undermines the format and substance of negotiation process under the mediation of the OSCE Minsk Group Co-chairs, Azerbaijani President Ilham Aliyev said during his speech at a high-level meeting to mark the 75th anniversary of the United Nations held on the sidelines of the 75th session of the United Nations General Assembly, Trend reports.

“His statement that “Karabakh is Armenia” is a serious blow to negotiations. He puts groundless conditions to the negotiation process. His unacceptable so-called seven conditions to Azerbaijan have been rejected by us. We have only one condition to achieve the peace. The armed forces of Armenia must withdraw from all occupied territories of Azerbaijan. The entire world recognizes Nagorno-Karabakh as integral part of Azerbaijan,” the head of state said.

“The Armenian Prime Minister announced the establishment of civilian militia consisting of tens of thousands of

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Freeland is no old school finance minister, expect big green spending this fall

(Photo by DAVE CHAN/AFP via Getty Images)
(Photo by DAVE CHAN/AFP via Getty Images)

Chrystia Freeland isn’t talking like a typical Canadian finance minister. That’s according to economists who see the first woman in the powerful post playing an unconventional role, as the Liberals aim to simultaneously revive the economy and advance climate goals through new green spending measures.  

Last week, Freeland endorsed Prime Minister Justin Trudeau’s vision of lifting Canada out of a pandemic-driven recession by greening the economy to better compete in a world increasingly impacted by climate change. She replaced Bill Morneau, Trudeau’s finance minister for nearly five years, who resigned amid reports that he was not aligned with plans for new stimulus on the heels of massive spending to offset the impact of COVID-19.  

Don Drummond, a former TD Bank chief economist who also held a number of senior roles at the finance department, said Freeland’s insistence that “the restart of our economy

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Peru’s Finance Minister Awaits Congress Move After Hearing

Maria Antonieta Alva

Photographer: Miguel Yovera/Bloomberg

Peru’s Finance Minister Maria Antonieta Alva, seen as a rising star for steering an ambitious package to cope with a devastating pandemic, is facing the risk of being ousted by opposition lawmakers who say she didn’t do enough to prevent the economic slump.

Lawmakers from two parties including the leftist Union Por Peru are planning to present a censure motion against the minister, who on Monday completed her second day answering questions from legislators, including some dissatisfied with her handling of the economy.

If congress accepts opening proceedings, the motion would be put to a vote within seven days and would need the support of 66 of the unicameral parliament’s 130 lawmakers to pass.

While the minister gained popularity for her initial success with the recovery package, opponents are questioning whether the government did enough as Peru’s economy deteriorates. With the power for congress

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French Finance Minister tests positive for coronavirus

FILE PHOTO: Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, attends the questions to the government session at the National Assembly in Paris, France, September 15, 2020. REUTERS/Charles Platiau

PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Friday he had tested positive for coronavirus, but had no symptoms and would continue to carry out his duties while quarantined at home.

“I tested positive for COVID-19 this evening,” Le Maire said in a statement on Twitter, adding that he would remain at home for seven days. “I immediately followed the health measures brought in by the government by self-isolating at home.”

He gave no further details.

French Prime Minister Jean Castex last week tested negative for COVID-19, after he came into contact with someone who tested positive at the Tour de France cycle race.

France has been grappling with a

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S.Sudan’s Kiir Sacks Finance Minister Amid Deepening Economic Woes

South Sudan’s president, Salva Kiir, has fired the finance minister, the head of the tax authority as well as the director of state-owned petrol company, state radio announced Thursday.

No reason was given for the move, but it came after plummeting oil revenues saw the country run out of foreign exchange reserves last month, leading to rapid depreciation of the South Sudanese pound.

The South Sudan Broadcasting Corporation read out an executive order which announced Kiir had decided to “relieve” Salvatore Garang Mabiordit of his role “as the minister of finance and planning in the revitalized transitional government of national unity.”

Also sacked were the head of the Revenue Authority, and the director of the Nile Petroleum Corporation (NilePet).

Economic crisis: South Sudan's president, Salva Kiir Economic crisis: South Sudan’s president, Salva Kiir Photo: AFP / MICHAEL TEWELDE

South Sudan is emerging from a six-year civil war that left 380,000 dead and shattered its economy, which is

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France to Fight ‘Appalling’ Bridgestone Plant Closure: Finance Minister | Investing News

By Dominique Vidalon and Kiyoshi Takenaka

PARIS/TOKYO (Reuters) – The French government is looking into options to try to prevent the closure of a Bridgestone <5108.T> tyre plant in northern France by its Japanese owner, and save jobs, finance minister Bruno Le Maire said on Thursday.

Bridgestone said on Wednesday that it would begin talks to close the factory in Bethune, which employs 863 people, in the face of weak demand for low-profile tyres, its main product.

“Bridgestone took an appalling decision. The method is appalling and the consequences are appalling and we are going to fight,” Le Maire told CNews television.

French President Emmanuel Macron’s government, which has launched a 100-billion-euro ($118 billion) recovery plan to boost growth has made jobs a key priority.

France suffered one of the deepest downturns in Europe in the first half of this year as the government put the country under one of

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