The Outlook is Stable. At the same time, the agency has affirmed the UK’s Short-term foreign currency rating at ‘F1+’ and the Country Ceiling at ‘AAA’. The rating actions follow the conclusion of the review of the UK’s sovereign ratings initiated on 22 March and resolve the Rating Watch Negative. The previous Negative Outlook on the UK’s sovereign ratings had been in place since 14 March 2012. KEY RATING DRIVERS The downgrade of the UK’s sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch’s medium-term projections for UK budget deficits and government debt. Despite the loss of its ‘AAA’ status, the UK’s extremely strong credit profile is reflected in its ‘AA+’ rating and the Stable Outlook. – Fitch now forecasts that general government gross debt (GGGD) will peak at 101% of GDP in 2015-16 (equivalent to 86% of GDP for public sector net debt, PSND) and will only gradually decline from 2017-18. This compares with Fitch’s previous projection for GGGD peaking at 97% and declining from 2016-17 and the ‘AAA’ median of around 50%. – Fitch previously commented that failure to stabilise debt below 100% of GDP and place it on a firm downward path towards 90% of GDP over the medium term would likely trigger a rating downgrade. Despite the UK’s strong fiscal financing flexibility underpinned by its own currency with reserve currency status and the long average maturity of public debt, the fiscal space to absorb further adverse economic and financial shocks is no longer consistent with a ‘AAA’ rating. – Higher than previously projected budget deficits and debt primarily reflects the weak growth performance of the UK economy in recent years, partly due to headwinds of private and public sector deleveraging and the eurozone crisis.
Started on 15 October, the London Airspace Consultation (LAC) will run until January 21, focusing on planned airspace alterations over southern England as well as to help with the upgradation of the UK s airspace structure. LAC seeks at receiving local feedback on Gatwick’s airspace motorway network , and to modernise airspace with new technology. Head of corporate responsibility at Gatwick, Tom Denton, said, Gatwick is committed to leading the way in terms of airspace innovation and operation, which is why we were so keen to be the first major UK airport to work with NATS to fully review and consult on our airspace. This consultation is said to be part of a wider programme of proposed changes to deliver the UK s Future Airspace Strategy developed by the Civil Aviation Authority with the support of the aviation industry. Denton added, This project gives us an opportunity to further reduce the number of people affected by noise, as well as focus on further reducing Co2 emissions and air quality impacts. Therefore this is an important time for local people and those who live within our flight paths, who now have a once in a lifetime opportunity to give their feedback and influence the future of our airspace. Upon completion, outcomes of the consultation will be made available online for stakeholders and the public to view and give their opinions. (c) 2013 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company
United Kingdom : NATS and LONDON GATWICK AIRPORT launches airspace consultation [TendersInfo (India)]
The United States broke relations when it declared war on the United Kingdom during the War of 1812; relations were reestablished in 1815. The United States has no closer ally than the United Kingdom, and British foreign policy emphasizes close coordination with the United States. Bilateral cooperation reflects the common language, ideals, and democratic practices of the two nations. Relations were strengthened by the United Kingdom’s alliance with the United States during both World Wars, in the Korean conflict, in the Persian Gulf War, in Operation Iraqi Freedom, and in Afghanistan, as well as through its role as a founding member of the North Atlantic Treaty Organization (NATO). The United Kingdom and the United States continually consult on foreign policy issues and global problems and share major foreign and security policy objectives. Regarding Northern Ireland, which is part of the United Kingdom, “Nationalist” and “Republican” groups seek a united Ireland that includes Northern Ireland, while “Unionists” and “Loyalists” want Northern Ireland to remain part of the United Kingdom. U.S. priorities continue to be supporting the peace process and devolved political institutions in Northern Ireland and encouraging the implementation of the U.S.-brokered 1998 Belfast Agreement, also known as the Good Friday Agreement, and the 2006 St. Andrews Agreement. U.S. Assistance to the United Kingdom The International Fund for Ireland (IFI), created in 1986, provides funding for projects to generate cross-community engagement and economic opportunity in Northern Ireland (the United Kingdom) and the border counties of Ireland. Since the IFI’s establishment, the U.S. Government has contributed over $500 million, roughly half of total IFI funding. The other major donor to IFI is the European Union. Bilateral Economic Relations The United Kingdom is a member of the European Union and a major international trading power.
U.S. Relations With United Kingdom
support of Israel. Oil prices quadruple, gas lines form across the U.S. and President Nixon calls for “energy independence.” 1974: U.S. approves a national maximum speed limit of 55 miles per hour through the Emergency Highway Energy Conservation Act. Year-round daylight saving time began in Jan. 1974, but because of protests that children were leaving for school in the dark, pre-existing daylight savings rules were restored in 1976. 1975: U.S. establishes the Strategic Petroleum Reserve. President Ford signs bill creating first fuel efficiency standards, requiring auto companies to double fleet-wide averages by 1985. 1977: President Carter called the energy crisis the “moral equivalent of war” and established the U.S. Department of Energy.
Compare Money Transfers to United Kingdom
Whether you’re looking for the best Pound to British Pound exchange rate or using any other base currency, we provide the live inter-bank exchange rates and links to futher detailed information such as converters, historical data and charts. Remember, to get the best British Pound exchange rate for your currency transfer, most foreign exchange brokers won’t add transfer fees and offer a much better exchange rate than the high street bank. Also see our moving to United Kingdom page If you are looking to make an international money transfer , we recommend TorFx as our preferred currency provider. Sending money overseas over 5000? Free Transfers, No Fees! Request a quote today! Currency in United Kingdom: There is 1 official currency of United Kingdom. The British Pound which has the ISO of GBP (see British Pound exchange rate ) . Top 10 Money Transfers to United Kingdom on website popularity: Below we show the top 10 most popular currency conversions for sending money abroad… Sending Australian Dollars to United Kingdom AUD GBP Sending Money to United Kingdom Money transfers to United Kingdom There are many reasons you may want to transfer money: Buying property in United Kingdom? Emigrating to United Kingdom? Exporting to United Kingdom? Regular Payments to United Kingdom? If you require a money transfer to United Kingdom from UK, then you ought to consider some profressional help from one of the many reputable money transfer brokers. You might require an international money transfer to United Kingdom, make regular payments to United Kingdom for an overseas mortgage, purchase a high value asset in British Pound, or perhaps purchase a property in United Kingdom, a foreign exchange broker will likely save you time, money and make the whole foreign exchange decision a whole lot easier!