Now, he'd like to see wider
tax policy changes in the coming year.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of
changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any
changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate
changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of
changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such
changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government
policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
«Major
tax increases or
policy changes such as big hikes
in the minimum wage will probably do more harm than good,» says Dahlby of the sort of programs necessary to satisfy vocal public - health boards.
Smart moves related to home equity loans and investments could provide
tax relief ahead of
policy changes in Washington.
So
policy makers focus on «core inflation,» which ignores
changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect
taxes.
While some of these trends were already happening before the imposition of the carbon
tax and are not unique to B.C., the
policy is widely supported and appears to be working
in concert with other societal
changes.
Overall, the most damaging
policy changes they named were
tax hikes at 41.41 percent, followed by an increase
in the minimum wage, at 31.92 percent.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any
changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational
changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of
changes in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of
changes in U.S. trade
policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade
policies and currency exchange rates
in the near term and beyond; (16) the effect of
changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
If the original
tax base is $ 263 billion and if nothing else
changes — the assumption you have to make
in assessing the effects of a
policy — then this information is enough to put some numbers on the sort of revenues you can expect to generate by an increase
in corporate
tax revenues.
Like all small businesses, they have seen ups and downs over the past year, buffeted by major
changes in tax policy and, more recently, great uncertainty around trade
policy.
«The political environment,» «uncertain
tax policy,» «failure to address over-regulation, job creation, and keeping business
in the US,» and «I see no major
changes by our governing bodies to improve the situation at hand,» are just a few.
«The revision reflects increased global growth momentum and the expected impact of the recently approved U.S.
tax policy changes,» the IMF said
in its World Economic Outlook report, published Monday ahead of the World Economic Forum
in Davos, Switzerland.
Impact on oil and gas production: compared to a carbon
tax, Alberta's
policy offers emitters less of an incentive to reduce production
in order to cut GHGs, notes Leach: «assuming that the facility reduced production by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not
change, so its carbon liability per barrel of oil produced would also remain constant.»
Because of the raising of the standard deduction and other
changes like the reduction of the SALT deduction only around 5 % of filers will itemize deductions under the new Republican
tax plan, (7 million filers estimated in linked Tax Policy Center report, page 7, in analysis of previous House versio
tax plan, (7 million filers estimated
in linked
Tax Policy Center report, page 7, in analysis of previous House versio
Tax Policy Center report, page 7,
in analysis of previous House version).
On Dec. 22, 2017, President Trump signed sweeping
tax reform, formerly known as the Tax Cuts and Jobs Act, into law, marking the largest change to U.S. tax policy in decad
tax reform, formerly known as the
Tax Cuts and Jobs Act, into law, marking the largest change to U.S. tax policy in decad
Tax Cuts and Jobs Act, into law, marking the largest
change to U.S.
tax policy in decad
tax policy in decades.
As part of the
changes to the budgetary process
in 1994, four private sector forecasting organizations [2] develop detailed fiscal projections on a National Accounts basis, based on the average of the private sector economic forecasts and the
tax and spending
policies in place at the time of the last budget for the next five years.
At the same time, a few officials «noted that the
changes in tax policy could boost the level of potential output», the minutes said.
Almost all of the public discussion at the time on the appropriate setting for monetary
policy focused on the inflation outcomes excluding the influence of the
changes in the
tax rate (Graph 4).
VICTORIA — Dan Woynillowicz,
policy director at Clean Energy Canada, made the following statement
in response to the federal government's 2018 budget: «Today's budget announced support for implementing key pieces of the government's climate
change and clean growth plan, including putting a price on carbon pollution and extending
tax support for clean energy.
I have used a fall
in exports to show how constrained Beijing's
policy choices are, but I could just have easily done the same using as an example any
change in the currency regime, the reform of the hukou system, the de-industrialization of the bankrupt northeast provinces, the development of the OBOR and Silk Road projects,
changes in interest rates or minimum reserves, protecting the stock market from crashing, the provincial bond swaps,
changes in the
tax regime, improving energy and environmental
policies, and so on.
Budget scoring: The process of estimating the budgetary effects of proposed
changes in tax and expenditure
policies and enacted legislation.
Juwai.com Vice President Byron Burley speaks to Greg Bonnel of BNN on House Money about Chinese property investor interest
in Canada following tougher foreign buyer
taxes, as well as
policy changes by the Chinese government and central bank.
«The bottom 95 percent would see little or no
change in their
taxes,» says the
Tax Policy Center.
With populist frustration increasingly pressuring
policy change around the world, investors should expect labor,
tax, and interest expense to rise faster than sales, thereby depressing profit margins and slowing real growth
in earnings per share over the decades ahead.
As has been noted
in the Bank's
policy statements, the Bank will seek to look through the wide - ranging, but temporary, effects of the
tax changes on the published measures of inflation.
He has strongly advocated for a
change in tax policies so hedge fund managers can't shield their income through lower capital gains income
tax rates.
There are also some evidence - based
policies that could help outside the realm of gun control, including more stringent regulations and
taxes on alcohol,
changes in policing, and behavioral intervention programs.
Here is a comprehensive guide to
tax planning
in an environment where
policies could dramatically
change under new leadership...
The introduction of a
tax reform bill
in late 2017 continues uncertainty about
tax policy changes that, if implemented, could reduce the
tax benefits of giving to a donor - advised fund.
Dimon, who
in the past has described himself as «barely» a Democrat, has been going to Washington more often since the 2016 elections to lobby lawmakers on issues including
changes in corporate
taxes, immigration
policies and mortgage finance.
These factors — many of which are beyond our control and the effects of which can be difficult to predict — include: credit, market, liquidity and funding, insurance, operational, regulatory compliance, strategic, reputation, legal and regulatory environment, competitive and systemic risks and other risks discussed
in the risk sections of our 2017 Annual Report; including global uncertainty and volatility, elevated Canadian housing prices and household indebtedness, information technology and cyber risk, regulatory
change, technological innovation and new entrants, global environmental
policy and climate
change,
changes in consumer behavior, the end of quantitative easing, the business and economic conditions
in the geographic regions
in which we operate, the effects of
changes in government fiscal, monetary and other
policies,
tax risk and transparency and environmental and social risk.
Congress successfully passed sweeping
changes to US
tax policy, which President Trump signed into law
in December.
The Abe administration still intends to increase the consumption
tax in 2019; spring wage negotiations are underway; and given recent yen strength, it would be difficult for the BOJ to justify an abrupt
change in policy as financial conditions tighten.
The news comes as scores of UK hospitality firms are beginning to
change their
policies on plastic waste, while some environmental campaigners are attempting to
tax single - use plastic products
in an effort to discourage their use.
Head of
policy Paul Dornan said: «CPAG will be watching closely to see how the
changes are implemented
in practice, but we hope that the new system will make life easier for claimants, reduce the scope for errors and restore confidence
in tax credits.
New York could be facing its first major shortfall
in several years, partly due to falling
tax collections and federal health care and other
policy changes.
He has focused on legislation and
policy changes to support affordable housing, protect the environment, promote economic and social justice and a more humane society, prevent gun violence, create a fairer and more open political process, and provide for greater accountability
in the ways government provides services and spends our
tax dollars.
The study, by welfare - to - work consultancy
Policy in Practice, also suggests that the
changes would leave recipients facing
tax rates of 93 % on their additional earnings.
(It seems likely that the main rise
in public spending and reduction of
tax revenue over the 2008 - present period has been due to economic contraction rather than
policy change - unemployed people claim benefits, don't pay
tax on wages and pay much less VAT on purchases.
ALBANY — Gov. Andrew Cuomo said he would sue the federal government over the just - passed
tax bill, proposed major
changes to the state's criminal justice system and introduced a suite of
policies to combat sexual harassment
in his annual State of the State address on Wednesday.
Questions - future of the euro, House of Lords size, council
tax freeze
in Wales Debate -
changing world of employment Debate - government
policies on family budgets Short debate - transforming water from source of conflict into basis for cooperation
in Middle East
Our appeal for
change in Connecticut — pro-growth
policies including lower
taxes, more responsible spending, and more support for job creators — was endorsed by more than 48 % of Connecticut voters.
Mr Osborne told the party faithful
in 2007 when he announced the
policy that the inheritance
tax change would benefit nine million families and ensure «only millionaires pay death duties».
In 1995, the state board explained its ruling by citing the Federal Election Commission's treatment of LLCs — but the FEC changed its policy in 1999, ruling that LLCs should be treated as either corporations or partnerships (depending on their self - identified tax status
In 1995, the state board explained its ruling by citing the Federal Election Commission's treatment of LLCs — but the FEC
changed its
policy in 1999, ruling that LLCs should be treated as either corporations or partnerships (depending on their self - identified tax status
in 1999, ruling that LLCs should be treated as either corporations or partnerships (depending on their self - identified
tax status).
Fourthly, Lib Dem and swing voters especially will not forgive Lib Dems for precipitating the demise of the Coalition government, probably two years before it is due to end, not on a point of principle, such as on tuition fees,
tax policy, social
policy like gay marriage, Trident, the European treaty veto or the health or welfare bills but on... an issue of narrow partisan electoral self interest, i.e. unhappiness at boundary
changes (which they had already voted for
in February 2011).
De Blasio's trip comes after he traveled to Washington last spring to launch a national campaign called the Progressive Agenda to push for
changes in national economic
policy, including a $ 15 minimum wage, closing the carried - interest
tax loophole and national paid sick leave and paid family leave.
«
Tax policy changes should never be made
in this fashion.
«Unfortunately the rhetoric about simplifying
taxes wasn't matched
in the reality of the chancellor's
policies and there were too many fiddly little
changes that will create new loopholes and make
tax harder to understand.
The government was accused of chaotic mismanagement of the bedroom
tax today, after it emerged it had no data about fundamental
changes in home occupancy caused by the
policy.
I'm a little confused by this article, George Osborne saying we won't be offering any unfunded
tax cuts isn't a sudden
change in policy it is exactly what he and David Cameron have been saying for ages.