Connect with us
Advertisement
Advertisement

News

Jeremy Miles’ Manifesto: Possible Benefits for Forex Traders

Published

on

Jeremy Miles, the prominent figure vying for the position of Wales’ next first minister against Vaughan Gething, has recently revealed his comprehensive manifesto, outlining a vision for sustainable economic growth. His proposals include initiatives that cover a wide range of sectors, from housing and healthcare to education and transportation. While his proposed changes are intended to increase the well-being of Welsh citizens, the implications can extend to wider economic spheres, even affecting the forex (foreign exchange) market. As a forex trader, it’s essential to anticipate the market’s movement if Jeremy Miles becomes Wales’s first minister. Let’s take a closer look. 

Homes and the Rent-To-Own Scheme

One of the key proposals from Jeremy Miles is the rent-to-own scheme, which will allow renters to become homeowners. Allowing individuals to transition from renters to homeowners by building up a lump sum towards a deposit while renting their home can increase the number of homeowners in Wales. The Shared Ownership scheme also allows individuals to buy property shares and pay rent on what remains.

The rent-to-own scheme can benefit those trading forex because it will stimulate activity in the real estate market, eventually affecting currency valuations tied to housing sectors. Increased demand for housing due to the rent-to-own scheme can lead to higher property prices and construction activity. These reflect economic conditions and investor sentiment that forex traders monitor. 

Also, increased consumer spending on homeownership can increase currency value due to interest rates and inflation expectations. The changes in the real estate market can lead to positive developments like increased homeownership rates and stable housing markets, which attract foreign investment and improve investor sentiment and risk appetite. 

Economic Changes and Business Support

Source: Suzy Hazelwood via Pexels

Jeremy Miles is also moving towards providing financial incentives for new and recent graduates to set up businesses in Wales. He will be pushing a ‘Make It In Wales’ campaign to attempt to bring Welsh people living in other countries back home. His focus is to create quality and sustainable jobs, innovate the rural economy, and place emphasis on AI, biotech and sustainability.

The incentives for entrepreneurship among graduates will lead to job creation and economic growth, which can impact currency movements. Entrepreneurship also has different economic benefits, including being advantageous to forex traders. This is because it leads to higher economic activity and consumer confidence, all of which are indicators for forex traders to consider.

It will also improve the balance of payments in Wales, which is a critical determinant of the currency value. As businesses expand and unemployment reduces, it leads to higher exports and lower imports and attracts foreign investments for a more robust local currency.

Education 

Miles has highlighted the importance of education in his manifesto, as he aims to increase the standards and investment in schools. He has promised to increase the percentage of the Welsh government budget spent on schools.

This can benefit forex traders because increased spending on education can boost investor confidence in Wales as a sign of a government’s commitment to economic growth. With investors gaining confidence, they are more likely to invest in its currency, which can influence its standing in the forex market. A growing economy also leads to higher interest rates, attracting foreign capital that can benefit forex traders.

At the same time, it’s important to note that Miles’ plan to increase spending on education can lead to the Welsh government borrowing additional funds to finance these initiatives and impact inflation expectations, which will put downward pressure on the currency and affect forex traders in this way. 

Transportation Infrastructure

Source: Burak The Weekender via Pexels

Furthermore, Miles emphasised the importance of investing in infrastructure, especially transportation. His plans include developing integrated rail and bus services and proposed initiatives to reduce congestion on major roadways.

Improving investment in transportation infrastructure can enhance connectivity and facilitate trade, which are indicators closely monitored by forex traders for their impact on currency values. Miles has mentioned that investment will be needed in rail and public transport and that he can finally use Wales’s fair share of the High Speed 2 (HS2) investment.

The expected increased investment in transportation infrastructure projects can influence the trade balances, which will appreciate the domestic currency and benefit forex traders. 

UK Re-Joining the EU Single Market

Forex traders will be strongly impacted if Jeremy Miles achieves his goal of pushing the UK to rejoin the EU single market after the country left during Brexit. In his recent interviews, he supported the idea, saying that he would strongly advocate for this with Sir Keir Starmer, the labour leader, if he became the first minister of Wales. 

The UK’s potential re-entry into the EU single market will be a positive development for forex traders, as it can make the GBP more stable and strengthen it against other currencies, boosting investor sentiment, economic growth and forex trades. However, remember that negotiating this can cause the currency market to be volatile in the interim. 

Can Forex Traders Be Confident in Jeremy Miles’ Manifesto for Wales? 

Jeremy Miles’ manifesto has outlined ambitious proposals to foster sustainable economic growth and solve societal challenges in Wales. The implications will extend to other economic spheres like the forex market. It’s recommended for forex traders to closely monitor the developments in Wales since, if Jeremy Miles wins, the potential impact on currency valuations and trading opportunities will be significant.

Continue Reading

Community

Carmarthen Youth Opera receives King’s Award for Voluntary Services

Published

on

CARMARTHEN and District Youth Opera has been honoured with the King’s Award for Voluntary Services in recognition of its outstanding contributions to providing musical theatre opportunities for young people in the West Wales area.

Recognising outstanding examples of voluntary work, the King’s Award for Voluntary Service (KAVS) was created in 2002 to celebrate Queen Elizabeth II’s Golden Jubilee and previously known as The Queen’s Award for Voluntary Service (QAVS), the Award has been shining a light on the fantastic work of voluntary groups from across the UK for many years. Equivalent to an MBE, KAVS is the highest Award given to local voluntary groups in the UK, and they are awarded for life.

Established in 1979, Carmarthen and District Youth Opera has been a cornerstone of the performing arts community in Wales for over four decades. What began as a small group of dedicated individuals at Carmarthen’s Further Education Centre youth club has flourished into one of Wales’s most successful cultural societies, thanks to the dedication of volunteers.

Under the leadership of the late Elizabeth Evans MBE and her husband David, Carmarthen and District Youth Opera has grown from strength to strength, showcasing high-quality musical entertainment and earning accolades such as the Lord Snowdon Award for its first annual music production of “Snow White” in 1979. Over the years, Carmarthen and District Youth Opera has continued to captivate audiences with productions ranging from “Oliver” to “Jesus Christ Superstar,” garnering national praise.

Further major Lyric refurbishment works in the early 1990’s and later, gave a home to the Youth Opera with a venue and facilities in which it could deliver productions of the highest quality to an audience of approximately 500 people. For a period of 15 years, it functioned as an entertainment centre run voluntarily by the Lyric Trust, drawn from the Youth Opera’s supporters. The theatre is since owned and run by Carmarthenshire County Council as a venue for current and future generations.

Carmarthen and District Youth Opera’s impact extends beyond the stage, with many former cast members pursuing successful careers in music and dramatic arts. The organisation’s commitment to excellence and inclusivity has earned it widespread recognition, including from Her Majesty the Queen, the Emir of Qatar, and their Royal Highnesses the Prince of Wales and The Duchess of Cornwall.

As Carmarthen and District Youth Opera celebrates this prestigious award, it remains firm in its commitment to nurturing young talent and enriching the cultural landscape of Wales.

Councillor Hazel Evans, Cabinet Member for Regeneration, Leisure, Culture & Tourism said: “Carmarthen and District Youth Opera embodies the spirit of community and dedication to the arts that enriches our region. Receiving the King’s Award for Voluntary Services is a testament to the unwavering commitment of its volunteers and the profound impact the organisation has on nurturing young talent. We are proud to celebrate their achievements and look forward to their continued contributions to the cultural vibrancy of West Wales.”

Continue Reading

Business

Port welcomes first vessel to new workboat pontoons

Published

on

PEMBROKE PORT, which is owned and operated by the Port of Milford Haven, has welcomed the first customer to its new workboat pontoons. Installed as part of the Pembroke Dock Marine project to modernise the Port’s infrastructure, the pontoons are available for use by a range of vessels including workboats, barges and other small vessels.

CRC Sentinel, a dive support vessel owned by Commercial Rib Charter which is undertaking work on the Milford Haven Waterway, was the first to use the new pontoons.

Sharon Adams, Commercial Manager for Pembroke Port commented: “It’s great to see these new assets being utilised. Pembroke Port is perfectly positioned within the Port of Milford Haven to act as a hub for operations associated with marine activity taking place within the Port and the Celtic Sea. The pontoons are available for short and long term berthing and have secure access, as well as electricity and water hook ups.

The workboat pontoons compliment the other infrastructure upgrades we made as part of the Pembroke Dock Marine project including new laydown space and an expanded slipway.

We look forward to working with our existing customers, and welcoming new ones, to use the new facilities at Pembroke Port.”

The new infrastructure at Pembroke Port forms part of the Pembroke Dock Marine project to create a world-class energy and engineering centre of excellence and act as a focal point for capturing the economic value from wind, wave, and tidal renewable energy projects.

Alongside the Port’s own investment, Pembroke Dock Marine – a Swansea Bay City Deal project – is part funded by the UK Government and the European Regional Development Fund through the Welsh Government as well as other private sector partners.

During construction, the project supported over 50 jobs including 6 apprenticeships. Contractors BAM, Walters Group and R&M Williams undertook community activity during the project, with the local community benefiting from over £11m local spend.

For further details on the facilities at Pembroke Port, and how the Pembroke Dock Marine investments have readied Pembroke Port for future energy, please visit www.pembrokeport.com.

Continue Reading

Education

Young people dive into My River project to learn about Cleddau

Published

on

DURING the Easter Holidays, young people from The Edge Youth Centre and the Army Welfare Service took part in a two-day environmental project in Haverfordwest in partnership with the Cleddau Project.

The ‘My River’ project enabled young people to connect with the River Cleddau, learn about the importance of looking after rivers and discuss what their river means to them as young people.

At the start of the project, the young people linked up with the West Wales Rivers Trust for the Big River Clean Up in Haverfordwest.

The young people helped clean up a stretch of the Western Cleddau River that runs alongside Bridge Meadow Park and Morrisons.

In the afternoon, they enjoyed an engaging session delivered by the Darwin Centre looking at the mini-beasts that live in our rivers under microscopes.

On day two the young people reflected on their findings creating a story with illustrator Fran Evans.

The young people created a piece of art telling the story of their river and the importance of looking after the river.

The story is called the ‘adventures of the trash trio’ and will be exhibited to the public at the ‘My River’ Art Exhibition at HaverHub, Quay Street, Haverfordwest at the end of June.

The young people will be coming back together in May Half-Term to explore the river in Haverfordwest by canoeing up the Western River Cleddau.

Steve Lewis, Senior Youth Worker said: “This project educated young people on the importance of our rivers and how they support wildlife, ecosystems and recreation activities. It was fantastic to see the enthusiasm from the young people and to see them connecting with their river.”

This project has been made possible by funding from the UK Government through the UK Shared Prosperity Fund.

Continue Reading

Crime2 days ago

Drunk digger driver remanded for hurling racial abuse at neighbours

A MILFORD HAVEN digger driver who hurled racist abuse at his female black neighbours on repeated occasions has been remanded...

News3 days ago

Message suggests Vaughan Gething lied to UK Covid Inquiry

VAUGHAN GETHING came under fresh pressure on Tuesday (May 7). Wales’s First Minister, whose reputation hangs on a thread following...

Community3 days ago

Joy as Willow rescued by coastguard after 12-day ordeal

WILLOW a cherished family dog, has been reunited with her owners after a harrowing 12-day disappearance. The heartwarming conclusion to...

Business4 days ago

Dragon LNG explores integration of LNG and CO2 liquefaction processes

DRAGON LNG, based in Waterston, Milford Haven, recently announced a significant step towards sustainable energy solutions. The company awarded a...

Charity4 days ago

Pembrokeshire woman runs London Marathon for charities close to her heart

A PEMBROKESHIRE woman has raised over £13,000 for good causes after challenging herself to complete the London Marathon. Terrie Savage...

Community4 days ago

Momentum building to secure the future of Wholefoods Newport

FOLLOWING the very successful public meeting in Newport, Pembrokeshire which was held to discuss bringing the much-loved local wholefoods shop...

News1 week ago

Council seeking legal advice to address Withyhedge enforcement

PEMBROKESHIRE County Council says it has sought legal advice and is contemplating legal proceedings against Withyhedge Landfill operators RML, in...

News1 week ago

Beautiful, funny and lovely: Family pay tribute to Sian Batchelor

THE family of a woman has paid tribute to a “beautiful, funny, lovely person.” Sian Batchelor, aged 32, was found...

Community1 week ago

Locals’ concern as St Davids scout hut threatened with demolition

THERE is widespread concern over the future of St David’s Scout Hut in Ffynnon Wen, which faces potential closure and...

News1 week ago

Police investigating after woman found dead on beach near Pennar  

DYFED-POWYS POLICE have confirmed they are investigating the death of a woman who was found on a beach near Pennar...

Popular This Week