Government, Politics, Society, United States

U.S. Finance Bill

UNITED STATES

Intro: President Trump unveils his first finance bill

DONALD TRUMP has promised a “new chapter of American greatness” as he unveiled plans to spend billions of dollars more on defence and building the wall with Mexico.

In his first finance plan, the U.S. President intends to ramp up security by slashing budgets on foreign aid, poverty programmes and the environment.

Defence will receive a 10 per cent increase of some £44billion – the biggest since Ronald Reagan’s boost in the 1980s.

Officials say the money would be used to “accelerate the defeat” of Islamic State and ensure U.S. troops were the “most ready forces in the world”.

Homeland Security will also see its budget rise by 7 per cent, assigning £2.3billion for building the border wall.

The Environmental Protection Agency will be cut by 31 per cent, the State Department by 28 per cent, and Health and Human Services by 17.9 per cent.

Climate change research is to be axed completely, along with smaller agencies financing the arts, public service broadcasting, and legal aid for the poor.

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Arts, Britain, Government, Photography

Portrait: Prime Minister Theresa May and Chancellor Philip Hammond

MayHammond

Prime Minister Theresa May will trigger Article 50 of the Lisbon Treaty before the end of March, the starting process by which the United Kingdom will exit the European Union. The Parliamentary Bill has now received Royal Assent from Her Majesty The Queen.

The Chancellor of the Exchequer, Philip Hammond, a key player in Mrs May’s Government, will be expected to keep the tax rate low to attract new trade deals following Britain’s departure from the European Union.

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Britain, European Union, Government, Politics, Society

Government contingencies needed if Brexit fails to deliver a trade deal

BRITAIN

Intro: We will all shortly find out precisely where we stand as Theresa May triggers Article 50 of the Lisbon Treaty

In an era of political turbulence, the weeks and months ahead promise to be momentous in recent British history. The passage of the Parliamentary Bill to begin the process of leaving the EU is now complete. The legislative reality of the bill will now make possible the decision that was taken by the British electorate almost nine months ago.

Some people argue that this process has taken far too long, but the political upheaval that followed the referendum and the protracted court case over parliamentary sovereign rights have delayed matters. In many ways, though, this should have been hugely advantageous for the Government. It has had time to prepare for what promises to be the most complex set of international negotiations since we sought entry into the Common Market and EEC in the early Seventies. Indeed, given the complexities, they will pale into insignificance by comparison with what lies ahead for the British prime minister and her team.

A report from the Commons foreign affairs committee urged the Government to devise a contingency plan in the event of Britain leaving the EU with no deal and said it would be a ‘dereliction of duty’ not to prepare for such an eventuality. This point is well borne out if we consider that reverting to basic World Trade Organisation rules will leave us facing trade barriers and increasing levels of tariffs on trade. The country clearly needs to know before we leave what a “no deal” will entail.

The biggest danger is that British pragmatism will clash with EU romanticism. While a deal allowing British goods and services the same access to the single market they enjoy now is in everyone’s interests, this won’t necessarily be the view held on the Continent, especially in Brussels.

There is a risk that this process, once handed over to the European Commission by the Council of Ministers, will become enmired in the very bureaucracy that led Britain to lose faith in the whole project. While some of Europe’s elected politicians might be inclined to recognise the good sense of a British position they will likely become too distracted by their own domestic politics to focus on ours.

Undoubtedly, The Commission will have huge influence over these talks, how they are handled and the direction in which they travel. Jean-Claude Juncker and Michel Barnier, the Commission principals in charge of the EU negotiations, will be anxious to deny the UK anything that might encourage others across the EU which they too might wish to emulate. The rise of populist movements across Europe, particularly in the wake of Brexit and Donald Trump’s election victory in America, will weigh heavily.

While most should wish for a mutually beneficially agreement, the Government must prepare fully for the possibility that there won’t be a trade deal. The time for further discussion is almost over – even if Scotland continues with its position of holding a second Scottish independence referendum.

We will all shortly find out precisely where we stand as Theresa May triggers Article 50 of the Lisbon Treaty.

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