Tag Archives: government

Britain’s Biggest Brexit Test Possible Ability to Endure | Instant News


Photographer: Emily Macinnes / Bloomberg

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Prime Minister Boris Johnson likes big projects, but few are as attractive as a proposal for a physical connection in the Irish Sea between Scotland and Northern Ireland.

Whether a multi-billion pound pipeline dream or a sign of ambition befitting the post-Brexit era, a feasibility study is being carried out as part of the government. review on how to better tie the UK and its four constituent nations together. A more pressing concern may be whether one day the relationship can link two independent nations that are no longer part of Great Britain

As Britain marks 100 days since leaving the European Union, disputes have broken out with the continent over issues from customs checks to vaccination shots and financial services.

Domestic tensions raise the specter of a more existential conflict, however, a conflict that will determine whether Johnson’s aim to invade the world under the banner of a revived “Global Britain” is necessary. lowered to the simpler “Global England”.

Scotland will hold an election on May 6 to its parliament in Edinburgh which is voting to determine whether the country has the right to – or needs to – another vote on its constitutional future. Poll recommend The pro-independence Scottish National Party was able to grab a majority, a high standard given the proportional electoral system, and press its demands for a second referendum to secede from Britain.

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Nicola Sturgeon launches the SNP election campaign in Glasgow on March 31.

Photographer: Andy Buchannan / AFP / Getty Images

In Northern Ireland, grievances are being treated over its separate treatment from mainland Britain in the Brexit deal concluded between London and Brussels, and the province’s divided past. resurfacing result of. More than 70 police officers were injured in a week of unrest by pro-British loyalists who threw petrol bombs. The polls show a remarkable shift in sentiment for a region so long dominated by its Unionist community, with the majority now saying they want a vote for reunification with the Republic of Ireland in five years.

Even in Wales, which unlike Scotland or Northern Ireland voted with Britain to support Brexit, support for independence has risen during the coronavirus pandemic. Wales is holding elections for its regional assembly on May 6 as well, and it is possible that the ruling Labor Party could share power with the nationalist Plaid Cymru party. The boxes have promise to hold a vote on Welsh independence in five years.

The breakdown of the three-century union has been the subject of speculation for decades, long before Brexit became part of everyday language. On their own, developments in each of the three countries did not necessarily mean revolutionary change, but spoke of shifting cultural identities and varying degrees of political discontent with the center of power in London.

Taken together, it’s hard to ignore the growing feeling that things will inevitably come to a head, whether to reduce unity or strengthen it, and that Brexit has lent those powers to a larger agency.

Boris Johnson Attends Voting Leave General Meeting In London

Boris Johnson speaks at the Vote Leave rally in London in June 2016. His campaign is designed as an attempt to reclaim British sovereignty.

Photographer: Carl Court / Getty Images

“But for Brexit, the unions will be relatively safe, but I’m not really sure right now,” he said Matt Qvortrup, a political science professor at Coventry University who has served as special adviser on British constitutional affairs. Change “will not be the day after tomorrow, but give 10 years.”

The challenge for Johnson, who was the driving force behind the successful campaign to get rid of the EU in what has been called an attempt to reclaim British sovereignty, is how to burn political wounds at home. The dilemma is sharpened by the fact that its Conservatives rule at Westminster, but not in Belfast, Edinburgh or Cardiff, where separate parties are in control, reflecting the different regional preferences of voters under a process known as devolution.

Read More: 100 Days of Brexit: Is It As Bad as ‘Project Fear’ Warns?

The most powerful of these delegated governments is in Scotland, where it administers most of the policy areas important to everyday life, from health and education to transportation and justice. Britain controls areas including foreign affairs, defense and macroeconomic policy.

Johnson has so far refused to give the government-run SNP the official clearance needed to make another referendum watertight, saying the 2014 vote was a once-in-a-generation event. Scotland chose 55% to 45% to remain in the UK, although at the time there was no inkling Britain would leave the EU.

John Prescott and Alistair Darling Join the Scottish Labor Battle Bus

“Yes” and “No” voters ahead of Scotland’s independence referendum in Glasgow, September 2014.

Photographer: Mark Runnacles / Getty Images

The focus now, Johnson said, was on rebuilding from a shared pandemic and that constitutional issues were an unwanted distraction. Conservative Leader Johnson in Scotland, Douglas Ross, said that “it’s a recovery or a referendum. We can’t do both. “He asked other opposition parties to cooperate in several electoral districts to stop the nationalists.

The election campaign was suspended the Friday thereafter Dead of the Queen’s husband, Prince Philip.

Another SNP landslide – the party has been in power since 2007 – will escalate the stalemate with London and, if Edinburgh raises demand, investors could be scared and the pound will take a hit. There are divisions within Johnson’s party over whether his government should continue to ignore Scotland’s calls for independence or try to buy time and offer enough money or more power in the hope that the problem will fade.

The risk is actually getting worse. And the longer this dispute drags on, the more likely it is to be resolved by demographers. Support for independence is highest among Scotland’s youth and voting age at 16.

The Scots never liked the Eton-educated Johnson, whose upper class was clumsy despite the down-to-earth fact problems of Scottish leader Nicola Sturgeon.

The crux of Sturgeon’s argument for another independence vote is usually straightforward: Brexit has changed the game. Not a single district in Scotland chose to leave the EU in 2016, but it had to go along with the rest of Great Britain anyway. The years of contention leading up to Brexit on January 31, 2020, were only divisions hardening, with all delegated administrations claiming they were sidelined.

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The Scottish National Monument on Calton Hill in Edinburgh on June 27, 2016, days after the Brexit referendum.

Photographer: Oli Scarf / AFP / Getty Images

Some of this anti-Brexit sentiment has been turned into support for the independence struggle. According to a strategy document groomed for the Conservatives and seen by Bloomberg in October, the worry is that there aren’t enough pro-Brexit voters to stand against them.

Emily Gray, who ran pollster Ipsos MORI in Scotland, said it was important for Brexit to be phased in increased support witnessed for independence. The result was “significant doubts in Scotland about the future of trade unions,” he said. “More than half of Scots hope England won’t be in its current form within five years.”

Johnson appears to have a strong argument for unionism in the form of successful vaccine launches in the UK to date. But Sturgeon, not Johnson, is the face of the pandemic war in Scotland, and the first minister said Johnson’s handling of Covid-19, which recorded Europe’s highest death toll, had highlighted the need for full autonomy.

The latest Ipsos MORI poll, taken between March 29 and April 4, projects the SNP will take 70 out of 129 seats in the Scottish Parliament. With the pro-independence Greens seeing a surge in support, the momentum for the referendum looks set to grow. Several other polls have indicated the SNP will fail, but none predicted a pro-union majority.

Against Brexit

There has been a gradual increase in support for Scottish independence since the 2016 EU referendum

Source: Ipsos MORI


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The royal family is ‘very grateful’ for the world’s support | Instant News


LONDON – Prince Charles of England paid a heartfelt tribute to “ Dear Papa, ” on Saturday as Buckingham Palace offered an outline of the royal funeral that the family will attend and broadcast around the world.

As Queen Elizabeth II and other relatives mourn, Charles offers a very private video message saying that the royal family is “ very grateful ” for the outpouring of support they received after the death of her 99-year-old father, Prince Philip, on Friday. The throne says she is touched by the number of people around the world who have shared the loss and sorrow of her family.

“My dad is a very special person who I think, above all, will be amazed by the reactions and touching things that have been said about him,” said Charles, speaking from his home in Highgrove in southwest England. “And from that point of view we, my family, are very grateful for all of that. It will sustain us in this special loss and in these very sad times. ”

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Philip’s royal ceremonial funeral will take place April 17 at Windsor Castle – a leaner service amid the COVID-19 pandemic that is completely closed to the public. The palace insists the royals will strictly adhere to national virus guidelines, steps that would in theory require the use of masks in confined spaces and social distancing. The palace declined to comment specifically.

Philip, the husband of the 73-year-old queen who is also known as the Duke of Edinburgh, co-planned her own funeral and focused on family according to her wishes. Duke also took part in designing a modified Land Rover that would carry his coffin.

“Despite the reduced ceremonial arrangements, the occasion will still celebrate and acknowledge the life of the duke and more than 70 years of service to the Queen, England and the Commonwealth,” a palace spokesman said Saturday while speaking on condition of anonymity. with policy.

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Prince Harry, Philip’s grandson who resigned from royal duties last year and now lives in California, will attend services in Windsor along with other members of the royal family. His wife Meghan, Duchess of Sussex, is pregnant and has been advised by her doctors not to travel far to England.

Another absentee was Prime Minister Boris Johnson, whose office said he would not attend because current coronavirus restrictions limit funerals to 30 people, so staying away would “ allow as many family members as possible. ”

The Palace advised the public not to gather in Windsor or at Buckingham Palace in London to pay tribute to Philip – advice that many ignore.

Earlier on Saturday, military teams across Britain and on ships at sea unleashed 41 guns to mark Philip’s death, honoring a former naval officer they considered one of them.

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Batteries in London, Edinburgh, Cardiff and Belfast – the capitals of the four nations that make up Great Britain – as well as other cities around Great Britain and the Mediterranean outpost at Gibraltar open fire at one-minute intervals starting at noon. The ships including HMS Montrose, a frigate that patrolled the Persian Gulf, paid their respects of their own.

“The Duke of Edinburgh served among us during the Second World War, and he remains in the service of the Royal Navy and the Armed Forces as a whole,” General Nick Carter, chief of defense staff, said in a statement. “A life well lived. His Majesty left us with a legacy of unshakable passion, fortitude and an unshakable sense of responsibility. “

Members of the Commonwealth, a group of 54 nations led by the queen, were also invited to honor Philip. The Australian Defense Force began saluting at 5 pm outside Parliament House in Canberra, and New Zealand plans to pay its own tribute on Sunday.

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Philip joined the Royal Navy as a cadet in 1939 and had a promising military career. In 1941, he was honored for his services during the battle of Cape Matapan off the coast of Greece, when control of spotlights aboard the HMS Valiant allowed warships to pinpoint enemy ships in darkness. Philip rose to the rank of commander before he retired from active duty.

Two years after the war ended, Philip married Elizabeth at Westminster Abbey when he was 21 and she was 26. Philip’s naval career came to an abrupt end when King George VI died in 1952 and his wife became queen.

At the queen’s coronation in 1953, Philip vowed to become his wife’s “living and limb” and remain in the life of supporting the king. The couple has four children – Charles, heir to the throne, Anne, Andrew and Edward.

Prior to retiring from official duties in 2017, the prince conducted more than 22,000 solo public meetings and supported more than 780 organizations, including the Duke of Edinburgh Award for youth.

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Community members continue to honor Philip’s service life, leaving flowers on Saturdays outside Buckingham Palace and Windsor Castle.

“I think everyone wants to pay their respects,” said Maureen Field, 67, outside Windsor Castle. “Because of the virus, a lot of people have to stay away. He didn’t want a big funeral. He wanted some very private time with his family to say goodbye. So, we all have to respect that. “

Mike Williams, 50, traveled from his home in Surrey, southwest London, to Buckingham Palace in honor of the prince.

“He’s been a huge loss for the country and the world, I think, so we want to come and pay our respects,” said Williams. “I don’t know what was accomplished, but it feels like the right thing to do.”

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Associated Press writers James Brooks and Tom Rayner contributed.

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For full AP coverage of Prince Philip’s death go to https://apnews.com/hub/prince-philip

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Germany Doubled Covid-19 Kick Speed ​​Amid Surging Cases | Instant News


Germany has doubled the pace of its Covid-19 vaccination after a slow start, as it battles a third wave of the virus that threatens a flood of medical facilities.

The country delivered about 720,000 doses on Thursday, the fourth consecutive daily record, thanks to a surge in vaccinations at doctors’ offices. That pace will continue for much of April as a network of about 35,000 GPs receives 1 million more doses every two weeks – and even more after that.

“We are on a good track with vaccinations,” Health Minister Jens Spahn said Friday at a press conference in Berlin.

Germany’s impetus for inoculation comes as authorities try to check for an increase in infections that are increasing pressure on intensive care units. Chancellor Angela Merkel has called for stricter restrictions, but faces opposition from some of the 16 regional leaders, who disagree about the steps needed to prevent more infections and deaths.

The two sides appeared to have forgotten some of their differences on Friday, with Merkel’s government announcing a deal with the state prime minister and members of the ruling coalition parliament to update Germany’s infection protection laws.

The changes will establish national rules under which restrictions must be imposed locally if the seven-day incident rate rises above 100 per 100,000 people, Merkel’s spokesman, Ulrike Demmer, told a news conference in Berlin. A meeting planned for Monday to discuss the next steps in the pandemic strategy has been canceled and the law will be signed by Merkel’s cabinet on Tuesday, Demmer said.

“It makes sense that the rules are set for the whole country,” Finance Minister Olaf Scholz told reporters. “Then you don’t have to meet every two weeks for further talks, as defined in law thanks to joint efforts by the federal and regional governments.”

Surge shot

Germany’s Covid-19 vaccines have surged after a slow start

Source: Robert Koch Institute, German Ministry of Health


With only about 15% of Germany’s 83 million people having received Covid injections, tighter restrictions are needed to prevent overloading of hospitals, Merkel said.

Some regions failed to implement the restrictions agreed upon with their governments, prompting them to threaten to seize central control of pandemic policy.

Germany’s Covid-19 incidence rate started rising again around mid-February, although its steady rise appeared to be checked during the Easter holidays.

Read more: Merkel Block Pushing for More Central Power Over Virus Strategy

Spahn, who also called for stricter lockdown restrictions, said on Friday that Germany would be able to comprehensively vaccinate the population by mid-summer. Allowing the country’s health system to become overloaded so close to achieving that would make no sense, he said.

“Do we want to test the limits? Do we want to test what countries can handle, in emergency situations, in intensive care units? What kind of thought is that? “Said Spahn.

While some have called for restrictions to be eased as inoculation programs escalate and the weather warms up – and people grow tired of measures that have been in place for about half a year – Spahn is urging people to stick around longer. .

“It’s about weeks, months with each other, to continue to avoid the health system overload that we’ve been able to avoid over the past 12 months,” he said. And yes, I suffered just like everyone else. I want out too. I want a daily routine too. And I want to celebrate, and I want to eat out and I want to shop. “

Stubborn Plague

Germany’s coronavirus transmission rates have been above key levels

Source: Robert Koch Institute


The head of the association representing the intensive care sector said Friday morning that the situation in German hospitals was “very dramatic” and ICU staff were “very worried.”

Gernot Marx, president of the DIVI association, told ZDF that there will be more than 5,000 Covid-19 patients in intensive care by the end of this month.

“This is a very high number and what is really worrying is how few free beds are,” said Marx. Many staff have indicated that they plan to leave the profession after the pandemic due to work pressure, he added.

“We really need a tight lock,” said Marx. “It makes absolutely no sense to think about an opening, instead we should lower the infection rate.”

– With the help of Chris Reiter, and Naomi Kresge

(Update with Scholz comments in the seventh paragraph)

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Stock Market Today: VIX index fades, Sunak in the spotlight, Italian bloc deal | Instant News


Good morning. The fear index fades, Sunak is in the spotlight, Italy blocks the chipmaker’s takeover. This is what moves the market.

Fear Fades

The Cboe Volatility Index, also known as the “fear gauge,” closed at its lowest level since February 2020 amid calm in a volatile stock market. trades around record levels. Wall Street is supported by the Chairman of the Federal Reserve Jerome Powell Guarantee that the central bank can revive the economy without triggering harmful inflation. The VIX, a measure of the expected price change, ended the day below the key 20 level for the seventh straight session. That said, one option the trader has placed a bet that the index will rise towards 40 in July, amid questions surrounding the pace of recovery and the looming impact of the tax hike.

Highlights about Sunak

British Chancellor Rishi Sunak’s behavior came into focus after it was revealed he was “pushing” officials to consider helping Greensill Capital following a request from former Prime Minister David Cameron, the lobbyist for the company has since collapsed. “I have encouraged the team to look for alternatives with the Bank that might work,” said Sunak in a text message, referring to the Bank of England, which manages the government’s Covid Corporate Financing Facility program. Sunak is touted as the future prime minister.

Draghi Block

Italy’s Mario Draghi revealed that his government recently blocked China’s takeover of an unnamed semiconductor company. The prime minister said he supported an extension of state protection for Italian businesses, following earlier calls for the gold power rule to be extended to the auto and steel sectors. Europe has struggled to protect valuable assets after the pandemic cut stock market valuations, leaving companies vulnerable to foreign takeovers.

One step

Iran’s chief negotiator at the nuclear talks in Vienna said that the two sides were in focus remove US sanctions in one step, in a statement of progress that did not specify what Tehran was offering in return. In Washington, however, the State Department refused to respond directly to Iran’s claims but said the White House’s position remained that the US would lift sanctions only after Iran returned to complying with the nuclear deal. The price of Brent crude remains around 3% lower for the week, with the focus also on a plans by the OPEC + supply group to improve results.

Will come…

The rioting continued overnight in Northern Ireland amid months of tension as pro-British loyalists protested put the border in the Irish Sea. Meanwhile, Britain will decide early next month whether British citizens can continue to take international holidays on May 17, with destination countries assessed based on their Covid-19 risk in a “traffic light” system. Elsewhere, France said it would pledge to keep taxes unchanged and would limit annual spending increases as it wanted repair the fiscal damage from the pandemic. Today, German industrial production figures will follow Thursday’s tough factory orders statistics. At another place, Credit Suisse is tightening up financing terms provided for hedge funds and family offices after the explosion of Archegos Capital Management. In the US, President Joe Biden announced a series of executive actions to the curb the force of the arms of fire.

What We Have Read

This is what caught our eye for the past 24 hours.

And lastly, this is what Cormac Mullen is interested in this morning

It is becoming increasingly difficult to justify the current valuation of US stocks and that is – not in spite of – the turbo-turbulent American economy. While the recent $ 4.1 trillion stimulus is sure to trigger a historic rebound in the economy, stock markets are different. This has discounted the benefits but has not taken into account the three side effects that could weigh on the revenues that underlie its record: higher taxes, increased input costs, and increased costs of financing. Goldman Sachs calculated last month a tax planned to fund stimulus, if fully implemented, could cut revenues by as much as 9% by 2022. But so far analysts have been reluctant to lower their forecasts, with the S&P 500 forecast for 2022 in their place. the highest this year. Companies are already seeing higher input costs and March data from IHS Markit suggest pressure on margins is growing. The S&P 500 is trading at 20.5 times next year’s earnings, a figure rarely seen since the internet bubble. For those who argue that we are in a new era of valuation, the average multiple of equivalents since 1998 is 15.5 times. It was the year the Fed stepped in to manage the LTCM collapse, which was the beginning of an era of central bank shutdowns. To argue that there is no alternative to US stocks – the MSCI World ex-US Index is up more than 15 times forecast next year. Technically, the rally looks extended – the S&P is more than 2 standard deviations above its 50-day moving average. Yes, the US economy is growing the fastest since 1984 and it should be able to withstand some of the stresses mentioned above. But there is a compelling reason to be made that US stocks are not looking attractive at current levels.

Cormac Mullen is a cross-asset reporter and editor for Bloomberg News in Tokyo.

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Australian Trade Minister Notifies Chinese Sovereignty Non-Negotiable | Instant News


Australian Trade Minister Dan Tehan said the government would protect the country’s sovereignty and national interests, in response to a warning from the Chinese ambassador that they would “respond in kind” if Canberra participated in sanctioning officials accused of human rights abuses.

“It’s something that we explained is non-negotiable,” Tehan said in an interview with Bloomberg Television on Thursday. “But that doesn’t mean we can’t have productive relationships. Good friends can always have very difficult conversations. “

Photographer: Sam Mooy / Getty Images

International tension has occurred flared up reports of forced labor being used to harvest cotton in China’s western province of Xinjiang, prompted several countries to sanction Communist Party officials. Beijing has dismissed accusations about its behavior against mostly Uyghur Muslims as politically motivated lies. At the end of last month retaliation was announced penalty on individuals in the US and Canada, plus those previously enforced in the UK and the European Union.

Australian Foreign Minister Marise Payne, at the 23 March meeting statement with its New Zealand counterparts, said the government had “grave concern” over reports of human rights abuses against Uighurs and other Muslim minorities in Xinjiang, and welcomed actions taken by the US, Canada, Britain and the European Union.

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