Between 2010 and 2015, school budgets were protected
from the austerity measures and the re-allocation of # 1.3 bn to schools in 2017 will mean no real - term cuts for 2018 - 20.
Free
from these austerity measures, the Chancellor will have greater flexibility to tackle the challenges that lie ahead.
Not exact matches
In Spain, crushing
austerity measures, a 22 percent unemployment rate and prominent corruption cases involving politicians
from Catalonia and across Spain «has been the perfect storm, and the crisis has really helped» CUP, said Antonio Barroso, a London - based analyst at the Teneo Intelligence political risk consultancy.
The
austerity measures on the table include raising the retirement age to 66
from 65 by 2020; slashing university funding by as much as 40 %; and clawing back one - fifth of funding to police.
In response to a journalist's question, the governor says he agrees with the view consumers are facing high debt loads today because they filled in the debt - accumulation void left when governments turned to
austerity by shutting down stimulus
measures to address fallout
from the 2008 financial crisis.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®;
austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results
from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all, for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data
from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified
from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
Entirely dependent on billions of euros worth of international rescue loans
from other European countries and the International Monetary Fund, Greece must impose yet more
austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit
from the euro.
California is just now starting to recover
from a massive budget deficit that forced new taxes, tax increases, and
austerity measures to make up the shortfall and prevent a statewide government collapse.
Prime Minister Alexis Tsipras is pressing lenders to grant Greece more lenient repayment terms that would allow his left - wing government to ease
austerity measures and emerge
from...
Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors
from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation of an oversight board); (d) the extent to which
austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.
If we compare operating spending by municipalities to GDP, which is a broad
measure of ability to pay, it remains within historical averages of close to 3 % of GDP.  In 2012, operating spending by all municipalities in Canada amounted to just 3.1 % of GDP, the same that it was twenty years ago, and down
from the 3.3 % reached in 2009 during the depths of the recession.  This ratio was higher during the recession because GDP had dropped and governments sensibly embarked on stimulus spending to prevent a depression. This was before their misguided adventures in
austerity (which presumably the CFIB supports, but have caused devastation to small businesses in countries elsewhere).
After a number of surprising twists, the recent Greek drama finally took an expected turn Monday, with news that Greece and its creditors struck a tentative deal — $ 96 billion USD in aid
from Eurozone leaders in exchange for tough
austerity measure — that would seemingly avoid a Greek exit
from the euro currency.
That stopped them
from further pursuing
austerity measures that only made things worse.
The current German politics of imposing
austerity measures on the rest of Europe stems
from the tradition of what Adrian Pabst memorably termed «Kantian morality of context-less duties, Weberian statecraft void of virtue, and Bismarckian quasi-military management of citizens through centralised welfare.»
The China downturn also contributed a damaging profit downgrade
from Treasury Wine Estates as
austerity measures imposed on government officials by President Xi Jinping dampened shopping.
Hammond had to contend, personally, with the National Insurance U-turn fiasco fresh in everyone's mind
from his spring statement as well as, politically, with calls
from the Brexiter faction within his own party for a more positive vision, and demands
from the more centrist Tories and the Opposition to relax
austerity measures.
Complaints about the loss of EMA, rising tuition fees,
austerity measures, and police discrimination gain added valence
from the rioters» subconscious coded articulations of their own (growing) alienation
from a continually victorious political - economic - social elite.
In the margins of the European Council Jean - Claude Juncker, the Prime Minister of Luxembourg, warned of a «social revolution» that might result
from the harsh
austerity measures in Southern Europe.
Mancunians are aware that
Austerity measures and the City Regions come
from the same people, a sore reminder of Britain's toxic political climate.
Despite all the progress realized by Samaras» government, Greece's creditors demanded close to $ 3 billion in new
austerity measures including, among other things, increases in VAT on hotel services up to 13 % (
from 6.5 %).
Greeks have witnessed discussions shift
from $ 1 billion in additional
measures (last proposal put forth by the New Democracy - PASOK government following demands
from creditors), to over $ 10 billion in additional
measures last month, to today's «Greekment» according to which Greece will undergo harsher
austerity (for next three years) than at any other point since the crisis began.
Ending what has been a tumultuous six - month long negotiation process, last week the Greek Parliament approved the first package of
austerity measures required by Greece's creditors as part of the «Greekment» reached in the early morning hours of 13 July 2015 in order to initiate talks on a Third Fiscal Adjustment Programme (or «Memorandum») and avoid Greece's expulsion
from the Eurozone.
He has interviewed dozens of those at the centre and writes about the relationship between Cameron and Clegg, the Lib Dem fall
from grace over tuition fees, the «surprise» of Lansley's NHS reform, the clash over AV and Lords reform, the decision to intervene in Libya, the debate over the EU, single - sex marriage, «Plebgate» and above all else the economy and
austerity measures.
In Goshen, we cut over $ 250,000
from this year's budget by eliminating positions through attrition,
austerity measures and competitive bidding.
Hammond has loosened Osborne's fiscal rules, but he will press ahead with most of the pre-planned
austerity measures — though the tax credits rebellion forced the government to promise not to look for fresh savings
from the welfare bill in future years.
Labour's newfound acceptance of
austerity measures has triggered an explosive attack
from the general secretary of Unite.
Unfortunately, as we undertook the painful
austerity measures I have described, all we heard
from the leadership of our State's public employee unions was alarmist rhetoric, intransigence and excuses.
TUSC has accepted
from its start that there will be some Labour candidates who share our socialist aspirations and will be prepared to support
measures that challenge the
austerity consensus of the establishment politicians.
But if the government and its officials decide to be part and parcel of the
austerity measures, then the masses will be ready to join hands with the political class in salvaging the nation
from the economic ruin starring us in the face.
(CNN)- Wisconsin Gov. Scott Walker, a Republican hero for pushing
austerity measures that stripped collective bargaining rights
from most public unions, rallied supporters Monday night, one last push before a recall that's drawn lots of outside interest and money.
I wrote earlier this week that Michael Gove has won a
measure of protection
from the budget's
austerities.
Researchers
from several associations «blasted the
austerity measure at a press conference in Rome on 18 October.
Austerity measures in Cuba and a drop in subsidized fuel
from Venezuela are hampering the economy.
Even though United Nations (UN) independent expert on foreign debt and human rights, Cephas Lumina had warned that the introduction of a second
austerity package could constitute a serious violation against the Greeks» human rights, this did not stop the government
from going forward (OHCHR, 2011) A massive wave of protests and riots full of anger and desperation erupted within the country condemning Papandreou's policies and the
austerity measures.
The Greek parliament has voted narrowly in favour of a package of
austerity measures aimed at preventing the nation
from defaulting on its debts.
«There are issues of hostility toward
austerity measures, which is completely understandable, and other difficult issues between Germany and Greece will of course be addressed during the process of making the exhibition, but it will not become the main topic of the exhibition,» said Szymczyk, calling
from Kassel.
The only way for a U.S. SPR release plus
austerity measures to lead to some sort of stability in U.S. markets (without massive international coordination) would be to combine them with price controls, rationing, and perhaps an export ban that effectively isolated the United States
from world markets.
Katia R. Avilés Vázquez of Organización Boricuá, representing the It Takes Roots delegation said, «Puerto Rico has been the victim of a perfect storm of natural weather extremes, fiscal
austerity measures, bad management and planning, combined with a colonial situation that prevents us
from trading and learning
from our sister islands in the Caribbean region.
Regarding old
measures, the Greek Government had to revise its promise to cancel many of the
austerity measures it heavily criticized since 2010 as an opposition party, agreeing to «refrain
from any rollback of
measures and unilateral changes to the policies and structural reforms that would negatively impact fiscal targets, economic recovery or financial stability, as assessed by the institutions.»
Austerity measures defy Keynesian economics — unless of course the restrictions are placed on generating revenue
from future professionals who plan on servicing the under - serviced.
Unlike
austerity measures, which are typically imposed
from outside the service sector, court delay needs to be tackled
from within.
In conclusion, it can be said the proposed directive would be a surprisingly clear turn away
from the Fiscal Compact's
austerity measures, while still taking the formal stand that the intergovernmental Fiscal Compact was, in compliance with Article 16 TSCG, repatriated into the Treaties.
While Cyprus» government faces public outcry over accepting an EU bailout and Greece's rescue package appears to grow, Ireland's legal sector is beginning to see positive results
from its drastic
austerity measures.
This move is partly an
austerity measure but is also a blunt message
from the judiciary that people should think twice before taking their dispute to court.
The
austerity measures recently implemented by many E.U. nations could result in slower economic growth and reduced imports
from the U.S..