Ireland will receive tens of billions in loan deal

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com KCS-content whatsapp Show Comments ▼ whatsapp Sharecenter_img IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that a bailout is imminent. Central bank governor Patrick Honohan said “we are talking about a very substantial loan for sure – tens of billions, yes,” when asked about the rescue package. “The intention is and the expectation is, on their part and personally on my part, that negotiations or discussions will be effective and a loan will be made available and drawn down as necessary,” he added. Experts from the European Commission, the European Central Bank and the IMF met at the Irish central bank yesterday to discuss the possible rescue package, with discussions set to continue into next week.Finance minister Brian Lenihan said in parliament that the embattled government had not formally asked for a loan, and the amount needed was currently unknown. Estimates yesterday ranged from €80bn (£68bn) to €110bn. “The banks themselves can’t put a figure on the residential debt, and the figure has been going up and up over the last two years,” WorldSpreads chief executive Conor Foley told City A.M. last night. “Based on our estimates of the banks’ debts, the amount needed won’t be less than €80bn.”The government would not be coerced into altering its 12.5 per cent corporate tax rate as part of a bailout deal, Ireland’s deputy Prime Minister Mary Coughlan said yesterday.French and German officials are thought to be pressing Ireland to raise the attractive rate, but Coughlan told the Irish parliament: “It’s non-negotiable.” Lenihan said on Wednesday the country’s tax policy was protected under the EU’s Lisbon Treaty. Irish employers’ group IBEC backed the government’s firm stance. “Any change in the corporate tax regime would be counterproductive to the collective efforts to reduce the budget deficit,” said director general Danny McCoy. “Ireland is a small, open trading economy and the recovery will come from enterprise. It is vital that the ability of Ireland’s enterprise sector to drive growth and recovery is not undermined in any way.”David Cameron said he has not ruled out a direct UK contribution to Ireland’s coffers, telling a House of Commons committee yesterday that Ireland is “a close neighbour, a good friend, a country that we have very close political and economic relations with?.?.?.?Our banks are very connected to the Irish banks. We have an interest in not just the Eurozone being a success, we have an interest in Ireland being a success.”After 10 days of losses, European stock and bond markets and the euro rebounded yesterday on expectations Ireland would become the second Eurozone country after Greece to receive a bailout.Ireland’s cost of borrowing, which is close to an 11-year high, fell as worries of a sovereign default eased. Yields on 10-year gilts dropped from 8.3 per cent to 8.1 per cent yesterday. Ireland will receive tens of billions in loan deal by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 18 November 2010 8:58 pm Tags: NULLlast_img read more

GambleAware calls for mandatory levy in Gambling Act review consultation

first_imgGambleAware reported that in the last twelve months, it received £15.6m in voluntary donations, a rise from £11m the previous year. In June 2020 the Betting and Gaming Council pledged £100m to GambleAware on behalf of 4 largest gambling operators in Britain: Bet365, GVC Holdings, Flutter Entertainment and William Hill. Topics: Legal Regulation Currently, British gambling law requires licensed British operators to donate a portion of funds to responsible gambling initiatives, but there is no minimum on how much should be donated. Legal Independent charity GambleAware has published its submission to the Department of Digital Culture, Media and Sport’s (DCMS) Gambling Act review, specifying the need for a mandatory levy. GambleAware calls for mandatory levy in Gambling Act review consultation It comes in response to the UK government’s December 2020 review of the 2005 Gambling Act. As part of the review, the DCMS launched a call for new evidence to investigate issues such as spend limits and how gambling affects young adults. Subscribe to the iGaming newsletter Most prominently, GambleAware continued its advocacy for a mandatory levy to fund research, education and treatment (RET) related to gambling and gambling-related harm. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The findings are intended to inform changes to the 2005 Gambling Act.center_img In March GambleAware reported a significant rise in the portion of problem gamblers who seek treatment for their gambling. “The voluntary nature of the current arrangements results inevitably in uncertainty of funding year to year and to significant variations in cash flow within the year,” the submission reads. Tags: GambleAware Regions: UK & Ireland 12th April 2021 | By Marese O’Hagan In addition, GambleAware pointed to various pieces of research that may help inform the review in other areas. This included research that found just 5% of accounts represent more than 70% of British betting and gaming gross gambling yield. The submission outlines ongoing issues in the gambling sector found by GambleAware, with a particular focus on prevention of gambling harms and research to inform policy. “This unpredictable funding model represents a significant challenge given that a key function of GambleAware as a commissioning body is to provide assurance to funded services about recurrent income streams so that expert clinical teams can be established and sustained to provide treatment and support for those who need help.” Email Addresslast_img read more