Fitch Downgrades United Kingdom To ‘aa+’; Outlook Stable

Real World Learning: Roanoke student travels to United Kingdom through prestigious scholarship program

The UK economy is not expected to reach its 2007 level of real GDP until 2014, underscoring the weakness of the economic recovery. – Despite significant progress in reducing public sector net borrowing (PSNB from a peak of 11.2% of GDP (GBP159bn) in 2009-10, the budget deficit remains 7.4% of GDP (excluding the effect of the transfer of Royal Mail pensions) and is not expected to fall below 6% of GDP and GBP100bn until the end of the current parliament term. The slower pace of deficit reduction means that the next government will be required to implement substantial spending reductions (and/or tax increases) if public debt is to be stabilised and reduced over the medium term. The Stable Outlook on the UK’s sovereign ratings reflects the following factors. – Under Fitch’s baseline economic and fiscal scenario, which assumes a continued policy commitment to reducing the underlying budget deficit and medium-term annual growth potential of 2%-2.25%, government debt gradually falls as a share of national income in the latter half of the decade. – The long average maturity of public debt (15 years) – the longest of any high-grade sovereign -exclusively denominated in local currency and low interest service burden implies a higher level of debt tolerance than many high-grade peers. – The international reserve currency status of sterling and the ability and willingness of the Bank of England to intervene in the UK government debt market largely eliminates the risk of a self-fulfilling fiscal financing crisis. – The gradual improvement in the UK banking sector’s capital and liquidity position has further reduced contingent liabilities arising from this sector. The UK’s ‘AA+’ rating is underpinned by its high-income, diversified and flexible economy as well as a high degree of political and social stability. The monetary policy framework as well as sterling’s international reserve currency status afford the UK a high degree of financial and economic policy flexibility. Strong civil and policy institutions and a high degree of transparency enhance the predictability of the business and economic policy environment that compares favourably with peers in the ‘AA’ category. Weak economic performance and growth prospects, relatively high levels of private and foreign as well as public debt, along with sizeable twin fiscal and current account deficits, are weaknesses relative to rating peers.

Off-trade volume consumption grew in many areas, largely as a result of price promotions, with value sales growth being somewhat… Euromonitor International’s Alcoholic Drinks in United Kingdom report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2008-2012), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution or pricing issues. Forecasts to 2017 illustrate how the market is set to change. Product coverage: Beer, Cider/Perry, RTDs/High-Strength Premixes, Spirits, Wine. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data. Reasons to Get This Report – Get a detailed picture of the Alcoholic Drinks market; – Pinpoint growth sectors and identify factors driving change; – Understand the competitive environment, the market’s major players and leading brands; – Use five-year forecasts to assess how the market is predicted to develop. About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world’s top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.

Alcoholic Drinks in the United Kingdom: New Research Report Available at Fast Market Research

undergraduate college students with an academic and cultural immersion abroad for three to six-week periods. During the month of June, Dowling studied with nine other American students at the University of Bristol in the United Kingdom. The summer institute focused on the Triangular Trade, with teaching by scholars from Africa, North America and the United Kingdom. The students researched various topics related to this trade route and presented their findings at the end of the program. Dowling’s research focused on the Triangular slave trade, in which ships transported slaves to America from Africa to work on plantations, where cotton, sugar, tobacco and other goods were produced. Lectures often ventured beyond the typical classroom setting. Students took class trips to explore the city of Bristol and its history. On the checklist of tours, students visited a merchant venture plantation where they could overlook the harbor that the merchant slave ships docked en route to America. By the end of his trip, Dowling said he “knew the city of Bristol better than the actual Bristol students probably did.” Although the educational tours were interesting, Dowling and his fellow students enjoyed exploring Bristol and other cities, including Bathe and London. “The roast done in the pubs every Sunday was great,” Dowling said. “But the chips were awful. I needed American French fries.” He now is back at Roanoke, but he has high hopes of traveling abroad again. Dowling, who has not yet decided on his academic major, hopes to discover his academic passion by experiencing the world like he did this summer and pursuing a career that allows him to do just that. “Studying abroad was the best experience of my entire life,” Dowling said. 15, 2013 About the Author Allison Shannon ’15 of Salem, Va., is a student writer in Roanoke College’s public relations office.

Automotive Manufacturing in the United Kingdom

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