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As a result, the balance of payments is set to worsen.
Each successive benefits cut to come – to tax credits, housing benefit and disability payments – is set to be the same political trap.
"The number of contactless card payments is set to surpass 3bn in the UK this year," said Jeremy Light, managing director of Accenture Payment Services.
As a result, the primary budget surplus (ie, before interest payments) is set to shrivel or disappear.In normal times this would scare bondholders, who view the primary surplus as a guarantee that they will get paid.
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The notional worth is a gauge of the reference value against which contract payments are set.
Payments are set to begin next year, but will possibly be accelerated for the elderly and the sick.
The plan sets voluntary guidelines under which some, but only some, borrowers whose mortgage payments are set to rise may get temporary relief.
The notional value is not the size of the bet; rather it is a reference value against which payments are set.
Most people are not affected by the level at which benefit payments are set, nor by how the minimum wage is determined.
The top secret payments were set out in documents leaked to the Guardian by the US whistleblower Edward Snowden, who on Thursday was granted temporary asylum in Russia.
Royalty payments are set to end in mid-2007, when the patent expires, though the university will probably apply for an extension.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com