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Chancellor accused of ‘not levelling with people’ over budget plans

Chancellor accused of ‘not levelling with people’ over budget plans

Business
Rishi Sunak "isn't really levelling with people" about painful cuts that will be needed to repair the public finances, according to budget analysis by a respected economic think-tank.Institute for Fiscal Studies (IFS) director said "Santa Sunak… looks more like Scrooge Sunak" under plans for a squeeze totalling more than £50bn compared to the pre-pandemic outlook.That is the scale of spending cuts and tax rises over coming years compared to what the chancellor outlined in his first budget a year ago - implying a spending outlook that seems "implausibly low", Mr Johnson said."The chancellor isn't really levelling with people about the choices the government is making to repair the public finances," he added.
Rocket Lab plans new Neutron rocket, intends to go public

Rocket Lab plans new Neutron rocket, intends to go public

Science
March 2 (UPI) -- California-based Rocket Lab, which has sent rockets into space 17 times using its small Electron vehicle, plans to launch a much bigger rocket called Neutron by 2024. As part of Rocket Lab's effort to raise funds for Neutron, it plans a public listing on the Nasdaq stock exchange by the end of June. Advertisement Rocket Lab is confident it will succeed, but humble enough to adapt and offer new products, founder and CEO Peter Beck said in an interview. "If we see market opportunities, then we will go after them. And don't get me wrong. ... Electron is still an incredibly important tool. We're not abandoning the small satellite market," Beck said. Neutron would be more than twice as high as its smaller predecessor. It would stand 131 feet tall and be capable of lifting ab...
Boris Johnson offers to host all Euro 2020 games in the UK and outlines plans for joint bid for 2030 World Cup

Boris Johnson offers to host all Euro 2020 games in the UK and outlines plans for joint bid for 2030 World Cup

Sports
Boris Johnson has offered to host every European Championship game in the UK this summer – and wants the World Cup in Britain and Ireland in 2030. The Euros – pushed back a year due to the coronavirus pandemic – are due to be staged across 12 countries, with the semi-finals and final being held at Wembley in London. AFP Johnson wants the UK to host the European Championship and the 2030 World Cup But with the Covid restrictions still causing disruption throughout Europe – and given England’s successful vaccine roll-out – Johnson has offered to take on extra games if UEFA is forced to alter its plans. Speaking to The Sun, the PM said: “We are hosting the Euros. We are hosting the semis and the final. “If there’s, you know, if they want any other match
Kentucky firm plans orbital mini space station in two years

Kentucky firm plans orbital mini space station in two years

Science
ORLANDO, Fla., March 1 (UPI) -- A Kentucky space firm that conducts science experiments on the International Space Station has plans to launch its own miniature, automated orbital research platform in about two years. Lexington-based Space Tango already has small research containers, or CubeLabs, on the space station. Bustling business and growing need for such experiments in microgravity led the company to plan its own space station, founder and CEO Twyman Clements said. Advertisement "As we the scale of our business grows across a number of uses, having a dedicated spacecraft for manufacturing is the way to go," Clements said in an interview Friday. He declined to say how much the company would spend on the project or how much each spacecraft might cost. Founded in 2014 by Clements, an...
NASA plans new test-firing of moon rocket

NASA plans new test-firing of moon rocket

Business
ORLANDO, Fla., Feb. 22 (UPI) -- NASA plans to test-fire its moon rocket again Thursday to prepare for a potential uncrewed flight around the moon later this year, possibly by October. The test, planned for about 5 p.m. EST, would ignite four powerful engines on the 212-foot-tall core stage of the Space Launch System rocket for four to eight minutes at the John C. Stennis Space Center in southern Mississippi. Advertisement A previous attempt to complete a test-firing Jan. 16 ended prematurely when sensors shut the engines after a little more than one minute. The test for the planned Artemis moon missions was the most powerful rocket test since the Apollo era at the facility. Even the truncated test-firing in January created huge clouds of steam from cooling system, which uses 300,000 gallo...