WORRIES about the economic impact of leaving the European Union hit Britain’s property market and drove the pound to a new 31-year low yesterday as Conservative members of parliament began voting for a new prime minister.

Home Secretary Theresa May and Andrea Leadsom Ivan Rodriguez Jersey , a junior energy minister, emerged as frontrunners to replace David Cameron, who said he would step down after Britons voted on June 23 to break away from the EU.

The drawn-out selection process will run until September, but signs are multiplying that concerns about the impact of “Brexit” on trade, investment and business confidence are already hitting the economy.

Aviva Investors said it had suspended trading in its UK property fund because of “extraordinary market circumstances,” a day after Standard Life Investments took similar action following a rush by investors to withdraw money. Shares plunged in other property-related funds, and asset managers and insurers were also hit.

High street retailer John Lewis said sales growth had slowed in the week after the vote.

The pound fell below US$1.31 for the first time since 1985, and is now trading about 12 percent below its pre-referendum levels.

“There is evidence that some risks have begun to crystallize. The current outlook for UK financial stability is challenging,” the Bank of England said, announcing measures to encourage banks to lend.

Voters were bombarded with warnings from Cameron and a host of financial institutions and think-tanks that Brexit would plunge Britain into a self-inflicted recession by jeopardizing its access to the EU’s tariff-free single market.

The “Leave” campaign derided such arguments as Project Fear, arguing Britain would prosper by regaining independence from Brussels and freeing itself to set its own laws, clinch its own trade deals and set a cap on immigration — something it cannot do under EU rules allowing free movement.

With the government and Labour opposition both into disarray by the vote, Conservative lawmakers began casting their ballots in the first of a series of votes to whittle down the field of five candidates to replace Cameron.

May, who has run the security and law-and-order portfolio in Cameron’s Cabinet for six years, is the bookmakers’ favorite and enjoys the greatest backing among parliamentarians.

Leadsom has no Cabinet experience, but has the advantage of emerging on the winning side in the referendum, where she helped lead the campaign to leave the EU while May was in favor of staying.

Leadsom, 53, who had a 25-year career in financial services before turning to politics, received a boost when leading Brexit campaigner Boris Johnson gave her his backing.

The other contenders are Stephen Crabb, the work and pensions minister; Liam Fox, a former defense minister; and Michael Gove, justice minister and the Leave campaigner who turned against his ally, Johnson, driving him from the race.

UK National lottery, the most famous gambling game popular among the people in United Kingdom who have tendency to take risk and desire to get rich or have inherent desire to seek fun out of adventure have ample reasons to play national lottery but has social implication too.

The national lottery, merely, not only accomplishes the submissive desires of its players but also play a massive role in casting the funds and charities towards the social up-liftmen of the nation. In the United Kingdom according to the statistics, the pounds raised by spending money on lottery so far has been utilized in nearly 280, 000 smaller and larger projects.

But there is a method and procedure for how that money is spent it doesn?t go straight into the hands of the monitors of the projects. For example, Camelot recently was appointed as National Lottery Commission to run Lottery from 2009 to 2019.

There goes unbelievable 28 pence from each pond spent on lottery towards social cause. The 28 pence from a single pond spent of lottery goes into a pool which is looked after by the Government Department for Culture, Media and Sport (DCMS). This department also looks after the National Lottery Policy and the framework within which Lottery funders work.

However, it is not in discretion of DCMS to decide upon how money has to distribute among organizations and sectors but by 14 organizations that are in charge of departments like art, heritage, sport, community and voluntary organizations each having expertise knowledge of its area.

A project seeking a lottery grant needs to apply to particular department with proper planned application to get an aid in the sector it is working for. The application falling into in any one of the sector catered by 14 departments if gets go ahead, the aid is provided in installments with a close vigil towards the project from the lottery fund.

For example National Lottery Sports Funding is one such scheme regulated by the one such body Sport England to support and aid sport organizations and sport activities in England. Under the head, the funds which are used for joint distributor?s award are also diverted into two major funds. Communities Projects Capital Funds are directed towards the equipment projects costing over ?5,000 top motivate young people, women, people on low incomes, sport persons from ethnic communities.

The other scheme is Active Communities Development Fund to help people from the low-income groups, people with disabilities, women and girls and people from ethnic minority to raise standard of their life. The amount in this is for the projects required sum between ?5,000 and ?30,000 a year for up to five years. For restrain the aid seekers should have certain amount of their own or proof that they had applied in past for seeking aid at places. During the Manchester Commonwealth Gam. Wholesale Jerseys   Wholesale NCAA Jerseys   Wholesale NBA Jerseys China   Wholesale Cheap Jerseys   Wholesale Authentic Jerseys   Cheap NCAA Jerseys Free Shipping   Cheap NBA Jerseys Wholesale   Wholesale Soccer Jerseys Free Shipping   Wholesale NHL Hockey Jerseys   Wholesale Football Jerseys China Free Shipping