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Rise in sovereign debt to end in 2023: S&P ANI | Updated: Feb 05, 2021 12:43 IST Singapore, February 5 (ANI): Reflecting increased public spending to deal with the Covid-19 crisis, S&P Global Ratings has projected that median general government debt for all rated 135 sovereigns will rise by end-2021 to a record 62.6 per cent of GDP. That compares with 49 per cent at end-2019 and 32.5 per cent at end-2008. For the Group of Seven nations Canada, the United States, France, Germany, Italy, Japan and the United Kingdom S&P projects average government debt at end-2021 will increase to 128.7 per cent of GDP versus 106.3 per cent in 2019 and 101.3 per cent in 2008. ....
S&P Global Ratings Publishes ESG Overview Of Global Sovereigns News provided by Share this article Share this article PARIS, Feb. 3, 2021 /PRNewswire/ S&P Global Ratings has today published its ESG Overview: Global Sovereigns. The report discusses environmental, social, and governance (ESG) credit factors that inform our analysis of 135 sovereign governments we rate globally. ESG credit factors are important to our analysis of sovereign creditworthiness and are embedded in several of our rating factors. Changes in ESG credit factors therefore influence positively and negatively our sovereign ratings and outlooks (see How Environmental, Social, And Governance Factors Help Shape The Ratings On Governments, Insurers, And Financial Institutions, published Oct. 23, 2018, on RatingsDirect). ESG can affect a broad range of rating factors we examine to determine our sovereign ratings, as described in The Role Of Environmental, Social, And Governance Credit Factors ....
1 Feb 2021 The burden on the British taxpayer has hit levels not seen in 70 years, yet the Treasury secretary is considering tax hikes to make up for the massive budget shortfalls incurred during the Chinese coronavirus crisis and the ensuing lockdowns. Chancellor of the Exchequer Rishi Sunak is reportedly mulling tax hikes in response to soaring government debt, which have already reached 100 per cent of GDP. The new debt, largely incurred through furlough payments to workers forced to stay at home, could rise above £400 billion this year. The Chancellor is said to be considering increasing the capital gains tax from 20 per cent to up to 45 per cent, an increase on fuel duties, and raising corporation tax from 19 to 24 per cent a raid on individuals and businesses to pay for the government’s coronavirus lockdown spending spree. ....
Weinstein Co. Bankruptcy Attorneys to Receive Millions More Than Victims Gene Maddaus, provided by FacebookTwitterEmail The attorneys and professionals in the Weinstein Co. bankruptcy case have received $26 million in fees thus far, considerably more than the $17.1 million that Harvey Weinstein’s victims will receive. The legal bills are still coming in, and will likely exhaust the $3.3 million remaining in the company’s accounts, according to testimony from Robert Peck, the company’s former controller. More from Variety The fees represent a sizable chunk of the cost of resolving the case, but have received far less attention than the payouts to other stakeholders. ....
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