LONDON, Oct. 3 (Xinhua) -- Chancellor of the Exchequer Philip Hammond announced plans Monday to ease concerns of British industry over European aid
from Brussels.
There have been fears that major investments could be put on hold until the post-Brexit landscape is clearer.
In a keynote speech on the economy at the Conservative Party conference in Birmingham, Hammond announced additional support for businesses and
organisations which secure EU funding while Britain is still a member of the
European Union (EU).
He told delegates: ""The Treasury will offer a guarantee to bidders whose projects meet UK priorities and value for money criteria that if they secure
multi-year EU funding before we exit. We will guarantee those payments after
Britain has left the EU, protecting British jobs and businesses after Brexit.""
Hammond continued the theme set by Prime Minister Theresa May at the start of the conference Sunday that Britain will leave the EU and become an independent
global trading nation.
""No ifs, no buts, we are leaving the EU,"" he said, a message greeted by loud cheers.
Hammond admitted that Brexit negotiations would create a ""roller coaster"" ride for the British economy.
""We must expect some turbulence as we go through this negotiating process. There will be a period of a couple of years or perhaps even longer when
businesses are uncertain about the final state of our relationship with the
European Union.""
Hammond made a pledge that under him the Treasury would continue to drive the Northern Powerhouse project, the strategy created by his predecessor George
Osborne to help re-balance the economies of southern and northern England.
He said he would go further by giving further backing to the Midlands Engine for Growth, a similar regional strategy for the area around Birmingham.
Hammond said the Midlands region generated 220 billion pounds (282.69 billion U.S. dollars) to the economy, producing almost a fifth of all British goods
exported overseas, and also accounting for a fifth of British manufacturing.
Hammond also set out a target to make Britain a global leader in tech innovation.
""Over the last few years, unnoticed by most of us, entrepreneurs and scientists from home and abroad have been turning Britain into a hub of tech
innovation.""
""Global businesses have followed, hungry for the inventions and innovations they are generating, developing technologies that will change fundamentally the
way we work and the way we live.""
On immigration, Hammond said Britain would remain open to the ""brightest and best"" talent from around the world.
He said Britain's economy would become the most outward-looking, most dynamic, most competitive, low-tax economy in the world.
""We will do it by making sure that after Brexit, we go on attracting the brightest and the best, the highest skilled and the most dynamic entrepreneurs,
scientists, engineers and managers from around the world,"" Hammond said in his
speech.
Hammond also made it clear Britain would not have a surplus by the end of the current parliament in 2020, a change to Osborne's target that the country would
balance the books by then. He said fiscal consolidation would continue.
"
June 30 was a deadline set by China's top economic planner in July 2014 for sorting out illegally-built golf courses nationwide.
A spate of bans on developing golf courses handed down in the past 10 years has failed to arrest their growth across the country.
Meanwhile Men's ECCO Yucatan Sandals WILD DOVE TITANIUM BLACK UK Outlet , China's disciplinary watchdog, the Communist Party of China's Central Commission for
Discipline Inspection (CCDI), has mentioned golf-related corruption 61 times on
its official website this year.
Public doubts as to whether the latest push to eliminate illegal golf courses can have a substantial effect may have been reduced after officials involved in
"the rich man's game" have been dragged into the limelight during the ongoing
anti-graft campaign.
Long-ignored ban
Golf courses Men's ECCO Irving Fisherman Sandals BLACK UK Outlet , introduced to China in the 1980s, have provoked controversies in the populous country for taking up
arable land or forests, contaminating soil and groundwater with herbicides and
wasting water.
The central government called a halt to the review and approval of new golf course projects in early 2004. In 2006 Men's ECCO Intrinsic Black Sandals UK Outlet , the National Development and Reform Commission (NDRC) and the Ministry of Land and Resources (MLR)
forbade the use of land for villas, golf courses and race courses.
In 2009 and 2010, the central government asked local governments to enforce the ban on illegal golf courses. In a circular issued in 2011 Men's ECCO Yucatan TARMAC Sandals UK Outlet , the NDRC, the MLR and nine other government departments urged local governments to bring all golf courses
in line with regulations before June 30, 2011.
However Men's ECCO Yucatan Sandals BLACK MOLE BLACK UK Outlet , the bans were blatantly ignored between 2004 and 2014, and the number of golf courses in China
increased from 100 to some 600.
The latest circular, similar to the 2011 document Men's ECCO Yucatan Sandals BISON Black UK Outlet , was released in July 2014, imposing Tuesday as the deadline.
On March 30, the NDRC and the MLR announced the closure of 66 golf courses in 23 provinces and municipalities. Those in eastern coastal areas and economically
developed cities in Central China bore the brunt of the renewed clampdown.
East China's Shandong Province saw eight of its golf courses closed down Men's ECCO Yucatan Sandals TARMAC MOON ROCK UK Outlet , the most out of any of the 23 affected provinces, and six golf courses in South China's
Guangdong Province were shut down.
Although the authorities did not explain the reasons behind the closure, most of the shut-down courses are believed to have not been in line with China's
"general land use plan Men's ECCO Yucatan Sandals ESPRESSO COCOA BROWN BLACK UK Outlet ," were built on arable land or illegally occupied land.
Out of bounds
Insiders say there might be some 120 golf courses closed down in this round of crackdowns. "As the central government has pledged firm support for
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