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After the last economic crisis, we had 10 years of austerity, and the state’s funds went towards banks and institutions to try to help rebuild the economy, with the consequence that the crisis hit the poorest people the hardest over 10 years.
It is an incredibly difficult judgment. The Bank of England is in a reasonably similar place, and there is a wide range of views among the macro forecasting community—of which, happily, I am not a part.
The Resolution Foundation estimates that by 2022 the UK Government’s policies will have left the poorest third of households worse off by more than £700 a year on average and that average pay will not return to its pre-crisis levels until 2025, or 17 years after the pay freeze began.
It is not about being the same as everyone else, but I am sure that you go on holiday; we go on holiday just the same.We do not fly on planes, go to foreign countries or take the type of holidays that some people do.
In line with the SLC recommendations, section 26(2) restates the common law rule that, where the period of the lease cannot be established, it is implied to be one year beginning with the date of entry. Sections 6(3) and (4) provide rules for cases where the date of entry under a lease cannot be established.
Scotland concurred—
we know from the United Nations Committee on the Rights of the Child’s general comment 24 on child-friendly justice that the relevant date in human rights standards is the date when the harmful behaviour happened.
In effect, there could be a sort of threat to farmers that if they do not take up the measures by a certain date, or if 70 per cent of them do not do so by that date, legislation will be prepared.
The element within the annual grant attributable to vessel charter is part of contractual agreements with third parties; the Royal Bank of Scotland, Seatruck and most recently Caledonian Maritime Assets Limited.
Questions and Answers
Date answered:
21 March 2018