Forecast
| Use attributes for filter ! | |
| Artists | 808 State |
|---|---|
| Release date | May 25, 1993 |
| Labels | ZTT Records |
| Genres | Electronic Dance Music |
| Techno | |
| Electronica | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2940908 |
About Forecast
Forecast is an compilation album by English electronic music group 808 State, which was released on 25 May 1993 by ZTT Records, exclusively in Japan. The album contains a collection of B-sides and remixes from the Gorgeous era.
UK weather: When will it stop raining and the summer improve?
... So how long will this weather last? What s the Forecast - and why is the weather so bad? " This week and for much of next week it looks as though the unsettled weather will continue for the UK - so there will be further showers or longer spells of rain and at times strong winds, " says Gemma Plumb, a BBC Weather Forecaster...
Summer holidays: Will there be more travel chaos this year?
... " We d also remind motorists to check the weather Forecast...
Rishi Sunak's five promises: How is he getting on?
... In the the government claimed to be on track because the - which checks the health of the economy - Forecast that debt as a proportion of GDP would fall in 2027-28...
Economists question 'black hole' in UK finances
... But the economists said that " fiscal hole" is merely the difference between an uncertain Forecast - of how much the government will spend and borrow in future under current plans - and what it can afford to do if it is to hit an arbitrary target - that debt starts to fall as a proportion of the economy three or five years from now...
Nanmadol: Mudslides and flooding as typhoon batters Japan
... Forecasts predict up to 400mm (16in) of rain over the next 24 hours...
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... It hit Japan s most southerly island, Kyushu, on Sunday morning, and is Forecast to pass over the main island of Honshu in the next few days...
Coronavirus: How California kept ahead of the curve
... But in view of the gloomy Forecast, the Governor s Gavin Newsom in March that up to 25 million Californians may be infected with the Corona Virus, the situation in California has surprisingly well controlled...
Economists question 'black hole' in UK finances
By Andy VerityBBC economics correspondent
A group of economists has questioned UK assertions That a " black hole" in The Public finances will need to be filled with austerity measures and tax rises.
The Progressive Economy Forum said the £50bn " hole" disappears entirely if the debts are calculated differently.
The government previously used a different measure of debt, and going back to using That would leave £14bn to spare, they said.
The Treasury said The Public finances would be assessed independently.
Media discussion of the government's tax and spending options ahead of the Autumn Statement has been dominated by a so-called " black hole" in The Public finances, put at anything from £35bn to £60bn, which, it is assumed, must urgently be " filled" with spending cuts or tax rises.
But the economists said That " fiscal hole" is merely the difference between an uncertain Forecast - of how much the government will spend and borrow in future under current Plans - and what it can afford to do if it is to hit an arbitrary Target - That debt starts to fall as a proportion of the economy three or five years from now.
If the economy grows faster or The Time frame changes, the " hole" can shrink or grow dramatically - Far More Than it would because of spending cuts or tax rises.
Using official forecasts from The Office for Budget Responsibility, the authors of the research, economists Jo Michell and Rob Calvert Jump, conclude That Small Changes in forecasts for future interest rates and growth, and what is counted as Government Debt , dramatically alter the size of the apparent " hole".
These changes to forecasts and accountancy rules produce Far bigger effects on the £50bn " hole" than any changes in spending and taxes the government is reported to be considering for the Autumn Statement.
Reversing a decision to exclude The Bank of England's debt from the government's own debt figure, made in January 2022, " completely wipes out the projected 'fiscal hole' and, on the official forecasts, leaves the government with an additional £14bn to spend against its own debt targets by 2027" they said.
As chancellor, Rishi Sunak previously used a different accountancy rule in 2020 and 2021 to arrive at his chosen figure for Government Debt .
Changing the accountancy rule used to measure the Government Debt back to what it was before the Autumn Statement in 2021 completely removes the " black hole" according to the economists' analysis, putting Government Debt back on a sustainable footing.
Conversely, The Report says, a small increase in the government's Forecast borrowing costs makes the " hole" much larger and The Path of future debt unsustainable, rendering the fiscal Target " useless".
" There is now a consensus among economists That austerity does significant damage to an economy's potential, undermining growth, as The Experience of the Last Decade in Britain has shown us, " Mr Calvert Jump said.
" Further austerity will do Far more damage than a 'fiscal hole' That disappears with tweaks to models or accounting rules. "
Dr Michell said: " These results show That the government is basing its Economic Policy on very shaky foundations. The case for austerity spending cuts is That the 'fiscal hole' must be closed.
" But if the 'hole' disappears with Small Changes in forecasts or accounting rules, it is not a reliable basis for Economic Policy changes, especially of the size the government is reportedly considering. "
A Treasury spokesperson said That The Office for Budget Responsibility would conduct an independent assessment of The Public finances.
Source of news: bbc.com
