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....”. On Tuesday, the government announced funding for two projects that could help wean the UK off its reliance on natural gas for heating. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 04:28:40 PM
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.... But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. Decades of defunding and outsourcing have already pushed public services to the brink. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:00:25 AM
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.... We’d built this product called Burbn, which was the predecessor to Instagram [Burbn was a location check-in app that also allowed users to share photos, which proved to be its most popular feature]. I think the way we were able to raise financing on that product [Burbn secured $500,000 in seed funding] is that we had a couple of hundred people using it and some were really passionate about it, those user stories were really key. ... [Read full article on Guardian ]
Monday 19th of June 2017 06:00:28 AM
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....The Conservative initiative has been widely welcomed by working parents among whom it was a clear vote winner in the 2015 election, but Labour has warned that low-income families in insecure employment or on zero-hours contracts, who may be unable to guarantee how many hours of work they will get from one month to the next, will lose out. In addition, early years providers have warned repeatedly that they will struggle to deliver high-quality care and education – and sufficient places – with the funding being made available. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 09:04:53 AM
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.... “However, there are plenty talking that up in the industry and they’re getting lots of headlines and money. We’ve missed out on attempts to raise finance because these other guys have been getting all the attention and all the funding. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 09:00:00 AM
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.... But they seem unable to act. With Europe and the IMF failing to agree, Greece has been robbed of the additional funding it needs to clear domestic arrears and meet its rather large external debt-service payments in July. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 08:29:31 AM
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....The Co-operative Group’s stake in the Co-op Bank could fall dramatically under a rescue plan being drawn up by hedge funds. The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. ... [Read full article on Guardian ]
Monday 19th of June 2017 05:30:31 PM
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.... But the UK’s deficit has also been associated with markedly weak investment and latterly with rapid consumer credit growth. This is not an imbalance that is, as yet, funding its eventual resolution. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 07:33:47 AM
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....Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. But he added that funding for public services could only be delivered by higher taxes, higher borrowing or stronger economic growth. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 08:41:04 AM
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....5% of GDP, government borrowing was “not sustainable in the long term” and he left open the possibility of raising taxes to fund more generous public spending. Asked whether he would go ahead with £3bn of cuts to local government funding, he replied: “We’ve set out a series of measures that are already legislated for. ... [Read full article on Guardian ]
Sunday 18th of June 2017 09:51:43 AM
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....justgiving. com/crowdfunding/anca-falconer. ... [Read full article on Daily Express ]
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Latest Finance News related to Funding

‘CANCER care has let us down’ Family's battle with NHS treatment funding  image
....justgiving. com/crowdfunding/anca-falconer. ...
Greek debt: IMF and EU's quick fix isn't enough | Mohamed El-Erian image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:29:31 AM
.... But they seem unable to act. With Europe and the IMF failing to agree, Greece has been robbed of the additional funding it needs to clear domestic arrears and meet its rather large external debt-service payments in July. ...
Tories' 30-hour free childcare plan fails to target poor families, says expert image
....The Conservative initiative has been widely welcomed by working parents among whom it was a clear vote winner in the 2015 election, but Labour has warned that low-income families in insecure employment or on zero-hours contracts, who may be unable to guarantee how many hours of work they will get from one month to the next, will lose out. In addition, early years providers have warned repeatedly that they will struggle to deliver high-quality care and education – and sufficient places – with the funding being made available. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. Decades of defunding and outsourcing have already pushed public services to the brink. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
....”. On Tuesday, the government announced funding for two projects that could help wean the UK off its reliance on natural gas for heating. ...
Don't believe the hype: the downside of being the next big thing image
Source : Guardian [Read Article] Tuesday 20th of June 2017 09:00:00 AM
.... “However, there are plenty talking that up in the industry and they’re getting lots of headlines and money. We’ve missed out on attempts to raise finance because these other guys have been getting all the attention and all the funding. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. But he added that funding for public services could only be delivered by higher taxes, higher borrowing or stronger economic growth. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
.... But the UK’s deficit has also been associated with markedly weak investment and latterly with rapid consumer credit growth. This is not an imbalance that is, as yet, funding its eventual resolution. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
....The oddity here is worth noting. Ethical banking, Co-op Bank-style, would be at risk of death, or uncertain resolution at the hands of the Bank of England, if the hedge funds that own the bonds were not willing to find the extra £750m of funding. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....The Co-operative Group’s stake in the Co-op Bank could fall dramatically under a rescue plan being drawn up by hedge funds. The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. ...
Instagram co-founder: ‘you have to be willing to disrupt yourself’ image
.... We’d built this product called Burbn, which was the predecessor to Instagram [Burbn was a location check-in app that also allowed users to share photos, which proved to be its most popular feature]. I think the way we were able to raise financing on that product [Burbn secured $500,000 in seed funding] is that we had a couple of hundred people using it and some were really passionate about it, those user stories were really key. ...
Philip Hammond hints government will ease up on austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 09:51:43 AM
....5% of GDP, government borrowing was “not sustainable in the long term” and he left open the possibility of raising taxes to fund more generous public spending. Asked whether he would go ahead with £3bn of cuts to local government funding, he replied: “We’ve set out a series of measures that are already legislated for. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....In its annual report, the supermarket chain said the long-term incentive plan involved “stretching performance targets, driving further growth”. These “reflect the financial objectives of the business over the next three to four years and reward achievement of those objectives in a way that is ‘self funding’”, it added. ...
Debt warning: Cash-strapped Brits adding a TENNER a day to their burdens - this is how image
....Around 15 per cent of people take on more debt ‘just to get by’ and pay for household necessities, rising to 20 per cent of single parents. Other reasons for UK households taking on debt included changing career, taking on a new job and funding parental leave. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... That is why the perception remains that Thames has been milked by owners with a sharper sense than Ofwat of the financial risks and rewards of owning a water company. Nationalisation isn’t obviously a good answer because the upfront costs would be enormous and investment funding would probably be less secure under public ownership. ...
UK could get farm aid for two years after Brexit under EU budget plan image
Source : Guardian [Read Article] Tuesday 13th of June 2017 07:40:04 AM
....5bn, mostly in farm subsidies and economic aid for poorer regions. Grants to British scientists are not included in these Treasury figures, but the UK is the biggest beneficiary of EU research funding. ...
Private schools to save £522m in tax thanks to charitable status image
Source : Guardian [Read Article] Sunday 11th of June 2017 05:06:19 PM
....The Department for Communities and Local Government said private schools seeking charitable status “must meet a robust public benefit test”. It also said academies, foundation schools and voluntary-aided schools automatically qualified for charitable status, while insisting that state-school funding accounted for the cost of business rates. ...
Booking.com refused us any wriggle room despite its cancellation promise image
....com. However, rather than simply sorting this out and refunding you for the three unnecessary rooms, it has disgracefully refused to help. ...
Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
.... . He said: "Reforming the funding of social care will almost certainly be kicked into the long grass as will any big shake up of pension tax relief. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
...."We will now have a period of limbo while a new Government is formed and we may well be heading back to the polls later this year. “It means that key decisions around the state retirement age, the state pension triple lock, social care funding and pension tax relief are all going to take a back seat while the wheels of Westminster slowly turn. ...
Qatar crisis highlights rising UK energy reliance on imports image
Source : Guardian [Read Article] Thursday 8th of June 2017 06:29:15 PM
....Nearly a third of the UK’s gas imports are from the tiny Gulf state, the world’s largest producer of liquefied natural gas (LNG), which it ships to Europe and Asia, including to its three biggest customers: JapanIndia and South Korea. Qatar’s transport links were severed by Saudi Arabia, the United Arab Emirates, Egypt and several other countries on Monday over Doha’s alleged funding of extremist groups. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
....The judge has said he wants to know by the end of July if those who do not settle want to resume the trial. To do so, they would need to prove they have the funding. ...
RBS court case called off but some investors still refuse settlement image
Source : Guardian [Read Article] Wednesday 7th of June 2017 11:58:42 AM
....The judge has called for the remaining 13% of investors to agree to sign up by 20 June and sign up formally by 4 July, or to tell the court by the end of July if they want to resume the trial. To do so, they would need to prove they have the funding to go ahead. ...
Some RBS investors still refuse settlement image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:29:00 AM
....There had been suggestions that these investors could continue to pursue the case, supposedly raising £7m to fund it. However, Mr Nash told the court: "I wish to make it crystal clear the legal team has seen no evidence that funding is available. ...
Walking away: when is it time to call it quits on your business? image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:50 AM
.... “But the fashion industry is very [competitive] and you have to have quite deep marketing pockets. For us, that meant we continually needed funding to help us acquire new customers. ...
Still waiting  image
Source : BBC [Read Article] Tuesday 6th of June 2017 11:02:34 PM
. International funding to support education in poorer countries is "stagnating", says a Unesco report, despite campaigns calling for more investment. ...
Advertisers should follow Vodafone's lead after Facebook and Google failures | Nils Pratley image
.... It also seems to have little difficulty in laying down the new terms of trade to Google and Facebook. Other advertisers should follow Vodafone’s lead – and, if not, explain why they’re happy to turn a blind eye when even small portions of their advertising budgets end up funding some of the internet’s most gruesome offerings. ...
Dementia tax to stop one in three over-50s saving for the future, poll shows image
.... "If the Government sets the cap too high or the floor too low then people of all ages are saying that this would put them off building wealth for the future. "Clearly we need to find a sustainable solution to our care funding crisis, however without a realistic care cap in place, the move risks having the opposite effect with people choosing to spend now rather than buying their homes or saving for later life - leaving the state to pick up an even bigger bill for the future. ...
Fred Goodwin escapes high court appearance as RBS settles lawsuit image
Source : Guardian [Read Article] Tuesday 6th of June 2017 11:50:13 AM
.... He said: “It’s really odd, why have the group accepted?”. New funding is needed after Trevor Hemmings, the football club owner and businessman who had previously been funding the case, accepted the offer. ...
Qatar row: Calls for diplomatic talks to end Gulf crisis image
Source : BBC [Read Article] Tuesday 6th of June 2017 04:03:56 AM
....Neighbours including Saudi Arabia and the United Arab Emirates (UAE) have closed their airspace to Qatari planes. Meanwhile, US President Donald Trump has said he was told during his recent visit to Saudi Arabia that Qatar was funding "radical ideology". ...
Trump to privatise air traffic control image
Source : BBC [Read Article] Monday 5th of June 2017 06:42:18 PM
.... But oversight of air traffic management and the nearly 30,000 workers in that area would go to a private not-for-profit organisation. Supporters of the plan, which include many of the major US airlines, say the current system slows the introduction of new technology and makes funding subject to the unpredictable whims of Congress. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
.... The fraud took place in the run-up to Lloyds’ rescue of HBOS during the 2008 banking crisis. Coad said Edmonds had litigation funding in place so if the bank’s compensation scheme was not revised to make it fair for victims he would take his case to court. ...
Government support needed to unlock billions in green business, says industry image
....” Environmental businesses in the UK have been hit in recent years by swings in government policy that have led to job losses and uncertainty among potential investors. These swings include the scrapping of subsidies and harder planning requirements for onshore wind farms; the slashing of support for solar panels and restrictions on solar farms; the abandonment of the “green deal”, which was intended to boost home insulation; the removal of the promised £1bn funding for carbon capture and storage facilities; and the scrapping of the target to make new homes zero-carbon. ...
Canada calling: tech industry lures workers north in wake of Trump image
Source : Guardian [Read Article] Sunday 4th of June 2017 10:00:21 AM
.... As soon as they do, the country will begin to benefit, said Tippett. “These are jobs, these are companies, these are subsidiaries, these are funded organisations that are coming up here and bringing their funding with them in many cases. ...
Berkeley duo's plan to solve traffic jams: hyper-fast lanes for self-driving cars image
.... Like Uber’s pricing structure, fees for Hyperlane would be based upon demand. Construction could be approached in two ways, depending upon the space and funding available: carving lanes out of existing highways, or building new lanes next to existing highways. ...
Peer-to-peer lending promised 6%, but I’ve been left red-faced and in the red image
.... Folk2Folk, which specialises in loans secured against property, was authorised in December. RateSetter expects to obtain authorisation soon and points to the £13m it has obtained in new equity funding from big investors such as Neil Woodford. ...
Beckham-backed film funding firm loses fight against £700m tax bill image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:32:25 PM
. A controversial film-funding scheme whose celebrity investors included David Beckham, Gary Lineker and Ant and Dec has lost its latest court battle against a £700m tax bill. ...
India's slowing growth blamed on 'big mistake' of demonetisation image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:31:26 PM
....7%. The cash recall was intended to hasten the country’s transition towards a formal economy and close down the booming economy of untaxed cash transactions, which aid corruption, the funding of terrorist groups and keeps counterfeit notes in circulation. ...
Hollywood and TV put the squeeze on UK's low-budget film-makers image
Source : Guardian [Read Article] Wednesday 31st of May 2017 08:22:26 AM
.... “Most drama now is a minimum of £1m an episode and the quality and the experience is very high. And the way the market has changed means that is where a lot of the money and funding now is. ...
Get to know flight claim ground rules for delayed flights image
Source : Daily Express [Read Article] Tuesday 30th of May 2017 04:47:00 PM
.... . He said: “BA cannot get away with simply refunding passengers and we are preparing for a busy week helping passengers recover compensation. ...
BT considering closing defined-benefit pensions scheme for existing staff image
....BT is considering closing its defined-benefit pension scheme, the latest former state-owned business to close – or move to close – so-called “gold-plated” retirement plans for existing employees. It comes as the telecoms group prepares to enter negotiations with pension trustees about the future funding of the scheme from next month. ...
Painstaking detail of Brexit process revealed in EU documents image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:00:00 AM
....No detail is too small. Britain is even on the hook for funding teachers at the elite European schools that educate EU civil servants’ children. ...
Small firms hit by rates relief delay image
Source : BBC [Read Article] Monday 29th of May 2017 11:14:13 PM
.... . A Local Government Association spokesperson said: "After receiving guidance, councils have now been able to begin working with businesses in their local areas to identify those eligible for this new discretionary relief funding. ...
RBS investors urged to settle case with bailed-out bank image
Source : Guardian [Read Article] Monday 29th of May 2017 02:23:52 PM
....Some of those investors have previously been described as “diehards” as they do not want a deal, because they want to hold former senior managers to account. The letter to claimants also confirms that Trevor Hemmings, who owns Preston North End football club and has been providing funding for the claim, has decided to accept the deal and was no longer prepared to provide funding – meaning any shareholders wanting to continue would need to find a new financial backer. ...
BA - what are my rights?  image
Source : BBC [Read Article] Monday 29th of May 2017 02:03:20 PM
.... . "We are refunding or rebooking customers who suffered cancellations on to new services as quickly as possible and have also introduced more flexible rebooking policies for anyone who was due to travel on Saturday, Sunday, today [Monday] and Tuesday who no longer wishes to fly to-from Heathrow or Gatwick," they add. ...
Five questions for BA  image
Source : BBC [Read Article] Sunday 28th of May 2017 10:59:40 AM
.... . "We are refunding or rebooking customers who suffered cancellations on to new services as quickly as possible and have also introduced more flexible rebooking policies for anyone due to travel on Sunday and Monday who no longer wishes to fly to/from Heathrow or Gatwick. ...
British Airways: Chaos continues at Heathrow image
Source : BBC [Read Article] Sunday 28th of May 2017 12:20:08 AM
....On Saturday passengers described "chaotic" scenes at the airports, with some criticising BA for a lack of information. The airline apologised and said it was refunding and rebooking customers. ...
SFO delays decision again on charging Barclays over 2008 fundraising image
.... A high court judge has adjourned the case – which was due to start last Monday and would require former RBS chief executive Fred Goodwin to give evidence - until 7 June to allow settlement attempts. Later in the year, Lloyds Banking Group faces accusations from shareholders that they were not told that HBOS was dependent on emergency funding from the Federal Reserve and the Bank of England at the time of its takeover by Lloyds in 2008. ...
IFS makes damning assessment of Tory and Labour manifestos image
Source : Guardian [Read Article] Friday 26th of May 2017 08:37:33 AM
....“The Conservatives simply offer the cuts already promised. Additional funding pledges for the NHS and schools are just confirming that spending would rise in a way broadly consistent with the March budget,” he said. ...
Tories and Labour not being honest with voters: IFS image
Source : BBC [Read Article] Friday 26th of May 2017 08:21:41 AM
.... . "Additional funding pledges for the NHS and schools are just confirming that spending would rise in a way broadly consistent with the March Budget," he told a briefing in London on Friday. ...
Don't want to work until you are 70? You will have to, says WEF image
Source : Guardian [Read Article] Friday 26th of May 2017 06:07:32 AM
.... According to the Organisation for Economic Cooperation and Development, a target of 70% of pre-retirement income roughly equates to an unchanged standard of living because once people retire they save less and pay less tax. The WEF said the funding gap would continue to grow at a rate higher than the expected economic growth rate, often 4% to 5% a year, driven in part by the effects of an ageing population: a growing population of retirees who are expected to live longer in retirement. ...
Apple's Jonathan Ive says immigration vital for UK firms image
Source : BBC [Read Article] Thursday 25th of May 2017 09:43:14 AM
...."I think Silicon Valley has infrastructures to support start-up companies . ranging from technological support through to funding," he said. ...
What's better than a Buffett rule? Labor's Buffett rule by stealth | Greg Jericho image
....The Buffett rule would catch such people and, in theory at least, force them to pay 35% tax on their income. One issue Bowen has with the rule is that while we may dislike the ability for people to reduce their taxable income to zero, society does benefit from some of the ways they do – for example, donations and angel investor funding. ...
Ineos buys Dong Energy's oil and gas business in £1bn deal image
Source : Guardian [Read Article] Wednesday 24th of May 2017 04:16:05 PM
....The move highlights two sharply contrasting strategies for Europe’s energy companies: a doubling-down on fossil fuels or shifting exclusively to focus on clean energy. Ineos, which is funding the purchase through cash flow from its existing businesses including the Grangemouth refinery in Scotland, said the acquisition was a “very logical” step. ...
Cuban revolution image
Source : BBC [Read Article] Monday 22nd of May 2017 11:35:07 PM
....The measures come amid broader economic changes in Cuba, after the Castro regime loosened rules for private enterprise and the Obama administration eased the US embargo, unleashing large numbers of US travellers. The Cuba Emprende Foundation started working with the Catholic Church in Cuba about five years ago as the reforms started, funding four-week courses in entrepreneurship from which more than 3,000 people have graduated. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... The period in question includes the critical months between the failure of Bear Stearns in March 2008 and the full disaster that arrived with the collapse of Lehman Brothers in September of that year. How seriously did the board contemplate the possibility that funding conditions could get much, much worse? And how credible was the assessment of the quality of assets that RBS had acquired the previous year with its acquisition of ABN Amro?. ...
RBS court battle with investors adjourned image
Source : BBC [Read Article] Monday 22nd of May 2017 12:12:00 AM
....Mr Goodwin, who was stripped of his knighthood in 2012, oversaw the multi-billion-pound deal to buy Dutch rival ABN Amro at the height of the financial crisis in 2007, which led to the RBS bailout. The case centres on the rights issue aimed at funding the deal, which asked existing shareholders to pump £12bn into the bank in exchange for discounted extra shares. ...
Church of England fund sees 'stellar' returns image
Source : BBC [Read Article] Sunday 21st of May 2017 06:34:39 PM
....7m to the Church of England last year. "While this is only around 15% of the Church's overall income - most funding comes from the extraordinary generosity of parishioners - we are delighted to be able to play our part. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....The Church Commissioners said returns meant it had contributed £230. 7m to the mission of the Church of England, although it admitted this was “only around 15% of the church’s overall income – most funding comes from the extraordinary generosity of parishioners”. ...
RBS shareholders take battle over cash call to high court image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:03:31 PM
.... RBS has settled with all but the remaining group, whose claim is for £520m but which could amount to £800m if interest is included. Some of the funding for the investor group is provided by the racehorse and pub owner Trevor Hemmings – who also owns Preston North End football club – who lost money himself. ...
Five minute guide to investing in the UK's big banks image
Source : Daily Express [Read Article] Sunday 21st of May 2017 12:01:00 AM
....RBS still does not pay any dividends and investors will want to see improved profits and an end to scandals before parting with their money, he adds. Laith Khalaf, senior analyst at Hargreaves Lansdown, says RBS still casts a long shadow over the banking bailout episode: “The taxpayer funding package for RBS was twice as big, and its shares still need to double in price before the Government gets close to breaking even. ...
A new Green Deal bond that pays 12% interest – too good to be true? image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
.... The loan, with interest charged on top, would be paid back over time through your electricity bill, and the aim was that the cost of the work would be covered by the savings you would make. It all sounded very laudable but the scheme was a flop, and the government pulled its funding in July 2015. ...
'Commit to your challenging job or quit' – our work expert responds image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....• My workplace had a similar change. Ask your manager if you can have some help getting the qualification – either via the company funding it, being granted leave to attend the course, etc. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
.... Competition in the mortgage industry means that people are coming off SVRs albeit at a slow rate. But lenders that are charging what are effectively rip-off mortgage rates have received more than £100bn in cut-price funding from the Bank of England in recent years. ...
Conservative manifesto: Theresa May targets mainstream Britain' image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:26:25 PM
....Launching the Conservative manifesto, Mrs May said a strong economy and delivering Brexit were top priorities. The manifesto drops the 2015 pledge not to raise income tax or National Insurance and has big changes to social care funding in England. ...
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
.... for the degree of risk accepted in providing the support”. As well as Lloyds, the NAO’s assessment included the bailout of Royal Bank of Scotland, the nationalisation of Northern Rock and parts of Bradford & Bingley, and emergency funding schemes. ...
Labour's water renationalisation plan is a damp squib | Nils Pratley image
Source : Guardian [Read Article] Tuesday 16th of May 2017 07:34:13 PM
.... Thames Water – contained within a labyrinth of offshore holdings in the Caymans and elsewhere that make scrutiny next to impossible for outsiders – is a case in point. Shareholders such as Macquarie have done splendidly but Thames pleaded poverty when it came to funding the new “super sewer” under London. ...
Tata Steel offers £550m to resolve long-running pensions row image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:18:09 PM
....The pension scheme has been a stumbling block to Tata Steel merging its European steel operations with German company ThyssenKrupp, and analysts at Berenberg said that joint venture could now be agreed by the end of June. The funding proposal has been announced after intensive talks between Tata, the Pensions Regulator and the Pensions Protection Fund, a government-backed pensions lifeboat that will take over the scheme. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
.... Then, he said, the bank had an “unsustainable” loan to deposit ratio of 177% – which made it reliant on borrowing on the markets to fund its growth. This has now fallen to 107% – almost a balance between its savers and depositors and requiring less funding on the financial markets. ...
No1 Seedr? Andy Murray backs more UK startups image
Source : Guardian [Read Article] Monday 15th of May 2017 05:01:36 AM
. Andy Murray, the number one male tennis player in the world, has backed two fledgling British companies on crowdfunding platform Seedrs, including a business behind the world’s first flat folding helmet. ...
French TV company behind Versailles to invest in UK drama image
Source : Guardian [Read Article] Monday 15th of May 2017 05:00:36 AM
.... But the cost of making shows is rising everywhere and across Europe [traditional] broadcasters are putting less and less money into TV shows. Broadcasters and producers need different sources and models of funding. ...
General election 2017: Lib Dems would end public sector pay squeeze image
....Speaking to the Royal College of Nursing conference in Liverpool, the Liberal Democrat leader also promised to restore bursaries for students nurses. He said his party would give the health service the funding it needed by adding 1p on income tax in order to raise an extra £6 billion. ...
NHS cyber-attack: More ransomware cases 'likely on Monday' image
Source : BBC [Read Article] Sunday 14th of May 2017 06:41:08 PM
....9bn set aside for UK cyber-protection was being spent on NHS cyber systems to improve their security. But Labour say the Conservatives have cut funding to the NHS's IT budget and specifically a contract to protect computer systems was not renewed after 2015. ...
Toyota 'backs flying car project' in Japan image
Source : BBC [Read Article] Sunday 14th of May 2017 10:33:46 AM
....The Nikkei Asian Review reports Toyota and its group companies have agreed in principle to support the project. So far crowdfunding has paid for development of the so-called Skydrive car, which uses drone technology and has three wheels and four rotors. ...
China invests $124bn in Belt and Road global trade project image
Source : BBC [Read Article] Sunday 14th of May 2017 07:55:39 AM
....The plan, which aims to expand trade links between Asia, Africa, Europe and beyond, was first unveiled in 2013. Part of the massive funding boost, which is aimed at strengthening China's links with its trading partners, includes 60bn yuan ($9bn; £7bn) in aid to developing countries and international institutions that form part of the Belt and Road project. ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
.... The average three-bed semi (105 m2) costs about £100,000 to build plus £50,000 for the plot. In the UK, the government in 2015 offered funding for 11 local councils to provide public land to people who wanted to build their own homes. ...
Battle ground image
Source : BBC [Read Article] Sunday 14th of May 2017 01:14:58 AM
....The IFS describes itself as an independent research institute which aims to inform public debate on economics. More details about its work and its funding can be found here. ...
General election 2017: Tory housing plan 'paid from existing budget' image
....The Conservatives say they expected "thousands" of homes to be built each year with "hundreds of millions" of pounds invested over the course of the next parliament, without giving precise figures. Under their proposals, the government would "strike deals" with councils and housing associations, offering direct funding to enable them to build more homes and make it easier for them to acquire land for development. ...

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