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Originally published 2011
Authors Patrik Aspers
Date of Reg.
Date of Upd.
ID2922704
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About Markets


Our lives have gradually become dominated by markets. They are not only at the heart of capitalistic economies all over the world, but also central in public debates. . . .

Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises

Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
Nov 22,2023 3:31 pm

... " Conservative MP Kwasi Kwarteng - who was forced to resign as chancellor after his tax-cutting plans sparked a backlash from financial Markets - said Mr Hunt s statement was " a tentative step in the right direction" which would be welcomed by " core Conservative voters"...

What the chancellor really means when he says tax cuts are 'impossible'

What the chancellor really means when he says tax cuts are 'impossible'
Nov 17,2023 1:41 am

... Here are some things to contemplate when judging any chancellor s claims: Playing by your own rulesAlmost all rich countries have a set of rules, to maintain credibility with financial Markets, but it s the government which sets its own rules...

CPTPP: UK agrees to join Asia's trade club but what is it?

CPTPP: UK agrees to join Asia's trade club but what is it?
Jul 15,2023 9:50 pm

... What changes? The key perk is greater access to each other s Markets, and a pledge to eliminate or reduce 95% of import charges or tariffs...

Absolut Vodka halts exports to Russia after backlash

Absolut Vodka halts exports to Russia after backlash
Apr 18,2023 12:00 pm

... On Friday, the Kremlin published a list of goods from numerous foreign Markets - including carmakers and technology companies - that the government has included in its parallel imports scheme...

Eurostar trains carrying 30% fewer passengers

Eurostar trains carrying 30% fewer passengers
Jan 24,2023 7:31 pm

... " These are the main cities, these are the main Markets...

Cost of living: 'We've got to sell our family home due to mortgage rise'

Cost of living: 'We've got to sell our family home due to mortgage rise'
Nov 14,2022 2:11 pm

... A government spokesperson said: " We have taken action to restore immediate stability to the economy and Markets - including mortgages - and that remains our focus as we approach the autumn statement...

Sunak leads among Tory MPs but Johnson camp claims growing support

Sunak leads among Tory MPs but Johnson camp claims growing support
Oct 22,2022 4:20 pm

... She stood down on Thursday, after a series of humiliating U-turns forced on her by an adverse reaction to her tax policies in the financial Markets...

Did the mini-budget cause market turmoil?

Did the mini-budget cause market turmoil?
Oct 12,2022 10:51 pm

...By Reality Check teamBBC NewsThe government has been defending its mini-budget, following days of turmoil on the Markets, a fall in the value of the pound and rises in the cost of UK government borrowing and mortgage rates...

Eurostar trains carrying 30% fewer passengers

Oct 11,2022 1:11 pm

By Katy Austin & Michael RaceBBC transport correspondent & business reporter

The boss of Eurostar has said its trains between the UK and Paris are carrying 30% fewer passengers.

Chief executive Gwendoline Cazenave said with post-Brexit border checks and current levels of border staff, there were " bottlenecks" in stations.

Eurostar is currently running 14 services per day between London and Paris, compared with 18 in 2019.

Ms Cazenave said The Company might not restore some services suspended Last Year due to the problems.

" The Thing is now We Are not able to run the same transport offer as what we had before in 2019, because of bottlenecks in stations, " She Said .

" We have a main issue in Eurostar terminals because of the new boarding conditions between the UK and EU, because of the impact of Covid, because of staff in the stations. "

Last Year , Eurostar announced it was halting its direct service from London to Disneyland Paris and also stopped services calling at Ebbsfleet or Ashford International stations.

It cited reasons which included financial problems due to losses suffered during The Height of the pandemic and post-Brexit border checks - with more time needed to stamp UK passengers' passports

Asked if the services would be reinstated in The Future , Ms Cazenave said: " We'll see, it depends on The Way we can handle the big stations' issues. "

She Said The Company 's " objective" was to " be this backbone between big cities" such as London, Paris, Amsterdam and Brussels.

" These are the main cities, these are the main Markets . . We Are working for, which is our main role I would say, " She Said .

Currently, UK passengers travelling to the EU need their passport stamped when they cross The Border , which has caused delays.

An Entry/Exit System, or EES, will replace The Checks , but the technology has been delayed several times and is now due to be implemented at The End of 2023.

But concerns have been raised that initial registration for The System could cause delays to Eurostar services and lead to queues at The Port of Dover, as under the scheme people entering The Bloc from non-EU Countries - including the UK - will need to register fingerprints and a photo with their passport details.

Once travellers have given their fingerprints and details, that registration will be valid for three years. During that time it must be validated every time someone crosses The Border .

Ms Cazenave told The Bbc Eurostar was " pushing" for The System to be completely digital, meaning people could register details At Home before they travel and it would " not be a bad customer experience".

" We know it's a Big Deal , we know it's a really big challenge, " She Said .

The Eurostar boss said The System would still work without " digitisation" but added it would need " a lot of investment, anticipation and staff.

On Tuesday, Eurostar announced its new brand which involved a merger between Thalys and Eurostar and said it hopes to carry 30 million passengers a year by 2030 .



Source of news: bbc.com

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