U.S. Relations With United Kingdom
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. RATING SENSITIVITIES The Stable Outlook indicates a less than 50% chance of a change in the UK sovereign ratings over the next two years. The main factors that could lead to a negative rating action, individually or collectively, are: – Failure to stabilise the government debt to GDP ratio over the medium term.
30, 2013 /CNW Telbec/ – MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY) announced today that it is making inroads into England and United Kingdom with its Mucho Burrito Mexican brand which is set to open its first restaurant later this year in Brighton England. The Montreal-based firm has signed an area master development agreement with a master franchisee to develop the brand in Kent & East & West Sussex England. “We’re incredibly excited about expanding the Mucho Burrito brand in the England & United Kingdom marketplace and continuing to feed the local appetite with our fresh gourmet spin on Mexican food,” said MTY Food Group’s chief development officer Sean Black. “We look forward to bringing our upscale offering to local guests and further positioning ourselves as the premier concept in the Mexican category.” The new master development Franchise has been licensed to W & W Burrito Development Ltd and operated by Hugh Wastnage & Martin Wylie. Described as “Mucho food with Mucho quality,” Mucho Burrito provides guests with an unmatched flavour experience by offering fresh and authentic Mexican food in a contemporary and casual setting. Featuring a “no rules” menu enhanced by the scent of spices and seasonings, roasted vegetables and charbroiled and braised meats, each meal is made to order in front of guests with authentic recipes and fresh ingredients made daily. Guests can choose from a variety of menu selections including hand-rolled burritos, tacos and quesadillas, as well as nacho plates, salads and a selection of custom “Johnny Mucho” sauces. Certain information in this News Release may constitute “forward-looking” information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan” and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances.
Moving to United Kingdom
Government : Constitutional monarchy and elected parliament Size : 244,820 square km. Economy : 6th largest in the world Need to transfer money to United Kingdom? Expert Help: If you are looking to make an international money transfer , we recommend TorFx as our preferred currency provider. Sending money overseas over 5000? Free Transfers, No Fees! Request a quote today! United Kingdom is one of the most visited destinations with Americans visiting this place in majority. The country has a number of factors in its favor including the colorful history which has taken in the Roman invaders, Vikings, Saxons and Normans and many more who have tried and ultimately failed to conquer the land. The United Kingdom comprises of England, Northern Ireland, Scotland and Wales. The UK offers the full range of climates from the cold winters of Scotland to the warmer climates of the South coast of England. All elements of the UK have their own personal history, and they are all within easy traveling distance, by plane, car, water or train. You will always find enchanting landscapes, infused in history and always a welcome sign for foreigners who are moving to the country for the first time. The United Kingdom is the greatest in numbers as far as the migrant capacity is concerned.
U.S.-UNITED KINGDOM RELATIONS The first, short-lived British colony in Virginia was organized in 1584, and permanent English settlement began in 1607. The United States declared its independence from Great Britain in 1776. The American Revolutionary War ended in 1783, with Great Britain recognizing U.S. independence. The two countries established diplomatic relations in 1785. The United States broke relations when it declared war on the United Kingdom during the War of 1812; relations were reestablished in 1815. The United States has no closer ally than the United Kingdom, and British foreign policy emphasizes close coordination with the United States. Bilateral cooperation reflects the common language, ideals, and democratic practices of the two nations. Relations were strengthened by the United Kingdom’s alliance with the United States during both World Wars, in the Korean conflict, in the Persian Gulf War, in Operation Iraqi Freedom, and in Afghanistan, as well as through its role as a founding member of the North Atlantic Treaty Organization (NATO). The United Kingdom and the United States continually consult on foreign policy issues and global problems and share major foreign and security policy objectives. Regarding Northern Ireland, which is part of the United Kingdom, “Nationalist” and “Republican” groups seek a united Ireland that includes Northern Ireland, while “Unionists” and “Loyalists” want Northern Ireland to remain part of the United Kingdom. U.S. priorities continue to be supporting the peace process and devolved political institutions in Northern Ireland and encouraging the implementation of the U.S.-brokered 1998 Belfast Agreement, also known as the Good Friday Agreement, and the 2006 St.