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He said Britain's economy would become the most outward-look

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MessagePosté le: 06/10/2018 09:19:32    Sujet du message: He said Britain's economy would become the most outward-look Répondre en citant

THE HAGUE, March. 1 (Xinhua) -- Two weeks before the Dutch general elections, polls on Wednesday show a decline for right-wing populist Party for Freedom (PVV), although party leader Geert Wilders remains in front.

According to poll aggregator Peilingwijzer, the liberal party VVD surpassed the PVV to take the first place, estimated to win 23-27 parliamentary seats. Twenty-eight parties are vying for the 150 seats in the lower house of the Dutch Parliament.

The VVD, the party of current Prime Minister Mark Rutte, has been stable in the polls for months, but the PVV dropped in recent months.

The PVV, riding the anti-immigration sentiment in the country, was predicted in December to win 31-36 seats, but its poll performance has been declining since then.

Polling firm I&O Research named a remark by Rutte in mid-January as one of the reasons for the decline. The VVD leader said that "the probability that the VVD will govern with the PVV is zero."

Potential PVV voters might not be willing to vote for a party which has no chance of governing, because all other parties of importance excluded a possible coalition with the PVV.

Both Rutte and Wilders withdrew from last Sunday's first major election debate on TV, in Amsterdam. Both parties thought that broadcaster RTL had violated a previous agreement on the number of participants in the so- called prime ministers debate.

The original idea was a debate between the leaders of the four biggest parties. However, RTL decided to invite more party leaders.

LONDON, Oct. 3 (Xinhua) -- Chancellor of the Exchequer Philip Hammond announced plans Monday to ease concerns of British industry over European aid from Brussels.

There have been fears that major investments could be put on hold until the post-Brexit landscape is clearer.

In a keynote speech on the economy at the Conservative Party conference in Birmingham, Hammond announced additional support for businesses and organisations which secure EU funding while Britain is still a member of the European Union (EU).

He told delegates: "The Treasury will offer a guarantee to bidders whose projects meet UK priorities and value for money criteria that if they secure multi-year EU funding before we exit. We will guarantee those payments after Britain has left the EU, protecting British jobs and businesses after Brexit."

Hammond continued the theme set by Prime Minister Theresa May at the start of the conference Sunday that Britain will leave the EU and become an independent global trading nation.

"No ifs, no buts, we are leaving the EU," he said, a message greeted by loud cheers.

Hammond admitted that Brexit negotiations would create a "roller coaster" ride for the British economy.

"We must expect some turbulence as we go through this negotiating process. There will be a period of a couple of years or perhaps even longer when businesses are uncertain about the final state of our relationship with the European Union."

Hammond made a pledge that under him the Treasury would continue to drive the Northern Powerhouse project, the strategy created by his predecessor George Osborne to help re-balance the economies of southern and northern England.

He said he would go further by giving further backing to the Midlands Engine for Growth, a similar regional strategy for the area around Birmingham.

Hammond said the Midlands region generated 220 billion pounds (282.69 billion U.S. dollars) to the economy, producing almost a fifth of all British goods exported overseas, and also accounting for a fifth of British manufacturing.

Hammond also set out a target to make Britain a global leader in tech innovation.

"Over the last few years, unnoticed by most of us, entrepreneurs and scientists from home and abroad have been turning Britain into a hub of tech innovation."

"Global businesses have followed, hungry for the inventions and innovations they are generating, developing technologies that will change fundamentally the way we work and the way we live."

On immigration, Hammond said Britain would remain open to the "brightest and best" talent from around the world.

He said Britain's economy would become the most outward-looking, most dynamic, most competitive, low-tax economy in the world.

"We will do it by making sure that after Brexit, we go on attracting the brightest and the best, the highest skilled and the most dynamic entrepreneurs, scientists, engineers and managers from around the world," Hammond said in his speech.

Hammond also made it clear Britain would not have a surplus by the end of the current parliament in 2020, a change to Osborne's target that the country would balance the books by then. He said fiscal consolidation would continue.

BEIJING , March 31 (Xinhua) -- China's current account surplus rose 19 percent year on year to 330.6 billion U.S. dollars last year, or 3 percent of gross domestic product , the foreign exchange regulator said Thursday.

The goods-trade surplus hit 567 billion U.S. dollars in 2015, but the service trade posted a deficit of 182.4 billion U.S. dollars , the State Administration of Foreign Exchange (SAFE) said in a statement on its website.

Deficit under the capital and financial account rose to 142.4 billion U.S. dollars at the end of December, up from 121.9 billion U.S. dollars at the end of the third quarter of 2015 , according to the statement.

Reserve assets, most of which are foreign exchange reserves , decreased by 342.9 billion U.S. dollars last year, compared with an increase of 118.8 billion U.S. dollars in 2014.

China started to post deficits on its capital and financial accounts in the second quarter of 2014 due to rapid increases in overseas investment and speculation on the depreciation of the yuan.

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