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.... The report, which Learndirect asked a high court judge to suppress, is understood to give the company a grade four rating, the lowest possible, for its overall effectiveness, apprenticeships and outcome for learners. Learndirect, which was privatised by David Cameron’s coalition government in 2011 and is majority-owned by the private equity arm of Lloyds Bank, told the court that if it was given a grade four it could lead to the “catastrophic” withdrawal of funding and it may be forced to call in the administrators. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 09:27:48 PM
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....The Department for Education is to cancel all contracts with Learndirect, the adult training provider that tried to suppress a damning regulator’s report into its poor standards. The Department for Education said on Tuesday that it would withdraw all funding from the organisation, which is responsible for almost 73,000 trainees, by July 2018 and that it had already banned it from taking on new apprentices. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 07:03:32 PM
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....Gates donated 64m Microsoft shares according to a US Securities & Exchange Commission filing. The recipient of the gift was not specified but it is expected that the money will be directed to the foundation he and his wife set up in 2000 with $5bn funding to improve global healthcare and reduce extreme poverty. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:30:31 PM
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....However, education watchdog Ofsted last week issued a withering report branding its training “inadequate” and pointing out that 70% of Learndirect’s apprentices did not meet the minimum standards. Standards were so low that the Department for Education said it would withdraw all funding from the company. ... [Read full article on Guardian ]
Sunday 20th of August 2017 06:00:35 AM
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.... They also fear that they will not be able to attract the international talent needed to preserve London’s mantle as Europe’s pre-eminent technology hub. Last week those fears increased with claims that British startups will no longer have access to their single biggest source of investment funding. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:27 PM
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....Grayling argues electrification is unnecessary because new “bi-modal” trains are capable of switching between electric and diesel operation. The “moan-in” is organised by IPPR North, a thinktank, which calls for £59bn “catch-up cash” investment in northern transport to address the imbalance of government funding to trains and buses in London and the south-east compared with the rest of the country. ... [Read full article on Guardian ]
Monday 21st of August 2017 05:00:03 AM
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....The report states: “Many local government policy areas have a much greater impact on women than on men. For example, local government has oversight of childcare provision as well as responsibility for delivering and funding social care. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:27 PM
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....It said action by PHE and the NHS to reduce sugar consumption had not been matched by other government departments. It singled out the Department for Education, which it said had not met a pledge to encourage free schools and academies to meet school food standards and had cut promised funding for the healthy pupils capital fund which was supposed to support PE, healthy eating and after-school activities. ... [Read full article on Guardian ]
Friday 18th of August 2017 06:14:38 PM
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.... For example, they could facilitate the provision of affordable insurance for farmers or create some type of mutual-assistance scheme. Implementing (and funding) such initiatives will require sustained political will. ... [Read full article on Guardian ]
Thursday 17th of August 2017 07:21:07 AM
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....An Etihad spokesman said: “Air Berlin’s business has deteriorated at an unprecedented pace, preventing it from overcoming its significant challenges and from implementing alternative strategic solutions. Under these circumstances, as a minority shareholder, Etihad cannot offer funding that would further increase our financial exposure. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 04:43:12 PM
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....Tuition fees now cost a whopping £27,000 for a typical three-year course, although students in Wales and Scotland get more support. Residential fees, materials and living expenses on top mean that self-funding students in England are likely to graduate with average debts of £50,800, according to the Institute for Fiscal Studies. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 08:47:00 AM
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....The government said the £2. 3bn deal ensured that all the taxpayer funding invested in the GIB since its creation, including set-up costs, would be returned with a gain of approximately £186m. ... [Read full article on Guardian ]
Friday 18th of August 2017 01:05:09 PM
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....Daniel Carey-Dawes, senior infrastructure campaigner at the CPRE, said: “Rural areas have lower average incomes than urban areas, but face much higher energy bills. The energy efficiency of their homes is far worse, and the little funding they received before has now been cut. ... [Read full article on Guardian ]
Saturday 19th of August 2017 11:05:26 PM
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....Learndirect, the UK’s largest adult training provider, has blamed the government’s austerity programme for its failure to meet the education regulator’s minimum quality standards. The company, which was privatised by David Cameron’s coalition government in 2011, on Thursday complained that being forced to “manage a reduction in central government funding” was part of the reason why its standards had deteriorated so sharply that Ofsted declared it an “inadequate provider”. ... [Read full article on Guardian ]
Thursday 17th of August 2017 09:24:49 AM
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....Fewer than half (47%) of passengers are satisfied with the value for money of train tickets, according to the latest survey by passenger watchdog Transport Focus. Successive governments have cut taxpayer funding of the railways and increased the relative contribution of passengers. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 06:55:16 AM
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....In May, the maker of lavish TV period drama Versailles – the most expensive French drama ever made, which airs on the BBC – said it was setting up a London office with €50m (then £42. 4m) of funding to make top-quality English-language dramas with British production companies. ... [Read full article on Guardian ]
Sunday 20th of August 2017 02:03:45 PM
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Tuesday 15th of August 2017 04:00:00 PM
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....”. GetUp described the revelations as “stunning” and said they demonstrated the enormous risk to Australian public money from any Naif funding. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 02:09:17 AM
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Latest Finance News related to Funding

Day of moaning declared in north of England over train woes image
Source : Guardian [Read Article] Monday 21st of August 2017 05:00:03 AM
....Grayling argues electrification is unnecessary because new “bi-modal” trains are capable of switching between electric and diesel operation. The “moan-in” is organised by IPPR North, a thinktank, which calls for £59bn “catch-up cash” investment in northern transport to address the imbalance of government funding to trains and buses in London and the south-east compared with the rest of the country. ...
Silver Reel is latest production firm to move into UK TV market image
Source : Guardian [Read Article] Sunday 20th of August 2017 02:03:45 PM
....In May, the maker of lavish TV period drama Versailles – the most expensive French drama ever made, which airs on the BBC – said it was setting up a London office with €50m (then £42. 4m) of funding to make top-quality English-language dramas with British production companies. ...
Silicon Roundabout gets Brexit jitters image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
.... They also fear that they will not be able to attract the international talent needed to preserve London’s mantle as Europe’s pre-eminent technology hub. Last week those fears increased with claims that British startups will no longer have access to their single biggest source of investment funding. ...
Councils need 12,000 more women to close gender gap image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
....The report states: “Many local government policy areas have a much greater impact on women than on men. For example, local government has oversight of childcare provision as well as responsibility for delivering and funding social care. ...
Countryside faces ‘fuel poverty’ crisis image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:26 PM
....Daniel Carey-Dawes, senior infrastructure campaigner at the CPRE, said: “Rural areas have lower average incomes than urban areas, but face much higher energy bills. The energy efficiency of their homes is far worse, and the little funding they received before has now been cut. ...
UK retailers say government must be tougher on obesity image
Source : Guardian [Read Article] Friday 18th of August 2017 06:14:38 PM
....It said action by PHE and the NHS to reduce sugar consumption had not been matched by other government departments. It singled out the Department for Education, which it said had not met a pledge to encourage free schools and academies to meet school food standards and had cut promised funding for the healthy pupils capital fund which was supposed to support PE, healthy eating and after-school activities. ...
Government faces fresh criticism over Green Investment Bank sell-off image
Source : Guardian [Read Article] Friday 18th of August 2017 01:05:09 PM
....The government said the £2. 3bn deal ensured that all the taxpayer funding invested in the GIB since its creation, including set-up costs, would be returned with a gain of approximately £186m. ...
What I wish I could tell my boss: 'You take money from people who have the least' image
.... You have asked us to save another 15%–20% in the coming years. Few realise that government has withdrawn so much funding from local authorities. ...
Learndirect blames government cuts for damning Ofsted report image
Source : Guardian [Read Article] Thursday 17th of August 2017 09:24:49 AM
....Learndirect, the UK’s largest adult training provider, has blamed the government’s austerity programme for its failure to meet the education regulator’s minimum quality standards. The company, which was privatised by David Cameron’s coalition government in 2011, on Thursday complained that being forced to “manage a reduction in central government funding” was part of the reason why its standards had deteriorated so sharply that Ofsted declared it an “inadequate provider”. ...
Brexit is a chance for farming reform – but we must get the policy right | Ngaire Woods image
.... For example, they could facilitate the provision of affordable insurance for farmers or create some type of mutual-assistance scheme. Implementing (and funding) such initiatives will require sustained political will. ...
Learndirect owners still winning government-approved contracts image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:27:48 PM
.... The report, which Learndirect asked a high court judge to suppress, is understood to give the company a grade four rating, the lowest possible, for its overall effectiveness, apprenticeships and outcome for learners. Learndirect, which was privatised by David Cameron’s coalition government in 2011 and is majority-owned by the private equity arm of Lloyds Bank, told the court that if it was given a grade four it could lead to the “catastrophic” withdrawal of funding and it may be forced to call in the administrators. ...
Student finances: How to manage money at university  image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 08:47:00 AM
....Tuition fees now cost a whopping £27,000 for a typical three-year course, although students in Wales and Scotland get more support. Residential fees, materials and living expenses on top mean that self-funding students in England are likely to graduate with average debts of £50,800, according to the Institute for Fiscal Studies. ...
Adani $900m rail line loan should be ruled out after fraud allegations, opponents say image
....”. GetUp described the revelations as “stunning” and said they demonstrated the enormous risk to Australian public money from any Naif funding. ...
Department for Education pulls all Learndirect contracts and funding image
Source : Guardian [Read Article] Tuesday 15th of August 2017 07:03:32 PM
....The Department for Education is to cancel all contracts with Learndirect, the adult training provider that tried to suppress a damning regulator’s report into its poor standards. The Department for Education said on Tuesday that it would withdraw all funding from the organisation, which is responsible for almost 73,000 trainees, by July 2018 and that it had already banned it from taking on new apprentices. ...
Bill Gates gives $4.6bn to charity in biggest donation since 2000 image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:30:31 PM
....Gates donated 64m Microsoft shares according to a US Securities & Exchange Commission filing. The recipient of the gift was not specified but it is expected that the money will be directed to the foundation he and his wife set up in 2000 with $5bn funding to improve global healthcare and reduce extreme poverty. ...
EasyJet could swoop for parts of Air Berlin as it goes into administration image
....An Etihad spokesman said: “Air Berlin’s business has deteriorated at an unprecedented pace, preventing it from overcoming its significant challenges and from implementing alternative strategic solutions. Under these circumstances, as a minority shareholder, Etihad cannot offer funding that would further increase our financial exposure. ...
UK commuters brace for rail fares hike of 3.5% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 06:55:16 AM
....Fewer than half (47%) of passengers are satisfied with the value for money of train tickets, according to the latest survey by passenger watchdog Transport Focus. Successive governments have cut taxpayer funding of the railways and increased the relative contribution of passengers. ...
Half of landlords in one London borough fail to declare rental income image
Source : Guardian [Read Article] Sunday 13th of August 2017 01:04:01 PM
.... Neighbouring borough Redbridge has already had its application for landlord licensing rejected. Wales told the chancellor in his letter: “Our core grant funding has halved since 2010-11, that’s less money for our schools, less money for social care, and less money for housing. ...
New pension research: Is this really a golden era for retirement? image
Source : Daily Express [Read Article] Sunday 13th of August 2017 10:29:00 AM
....Huge numbers expect to work part-time or downsize to a smaller property to make ends meet, while an alarming number are relying on an inheritance, according to research from The People’s Pension. Director Darren Philp says the era when people completely stop work and live on their pension is consigned to history: “Many appear to be planning for a phased retirement where they choose to work part-time or hope to survive on uncertain funding sources, such as an inheritance or property. ...
Tourist areas need investment in jobs, not just better roads | Letters image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
....Cornwall is a major tourist area, but its economy is one of the weakest in Europe. EU investments, together with “matched funding”, have injected around £1. ...
The growing gulf in life expectancy shows how austerity has deepened inequalities image
....Last month Professor Sir Michael Marmot, who undertook a major review of health inequalities for Gordon Brown when he was the prime minister, identified that a century-long increase in life expectancy had plateaued since 2010. Asked why, Marmot – the doyen of British experts in health inequalities – pointed to the “miserly” funding of the NHS and social care since 2010. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
.... “So we’ve still got that spectre over the market and it’s supportive of house prices,” she said. The Local Government Association, which represents more than 370 local authorities in England and Wales, is calling for councils to have more powers and funding, in order to resume their historical role as significant builders of affordable homes. ...
Bank of England takes note on banknotes (but that's all) | Nils Pratley image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:27:09 PM
....Nothing, it seemed, could shake the loyalty of the Co-op Bank’s customers. Former chairman Paul Flowers did his stuff on the tabloid pages and one funding crisis was followed by another, but the customers stuck with their bank. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....Steven Cameron, pensions director at Aegon, said: “Removing stamp duty would encourage pensioners to downsize, freeing up family homes. "For those pensioners who are property rich but cash poor, this would also offer a new means of funding their retirement. ...
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....He said this was 2% of its current account customers and that the outflows had moderated during May and June. In total, deposits, from which the bank generates most of its funding, fell by £1. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....Access to the law has become so cripplingly expensive and the system so procedurally bloated that lawyers have had to engineer new ways to lure customers who were otherwise shut out of buying their services. This has given rise to stratagems like no win no fee, litigation funding, litigation lenders and a whole battery of “access to justice” contrivances. ...
Alistair Darling: 'RBS said it would run out of money in early afternoon' image
Source : Guardian [Read Article] Wednesday 9th of August 2017 07:59:03 AM
....Meanwhile, Sir John Gieve said there would be no rerun of the 2008 financial crisis. The Bank of England’s deputy governor for financial stability between 2006 and 2009 told Today: “I don’t think we’ll see a repeat of what happened 10 years ago because banks have far more capital, there are far more regulations on their liquidity and funding which was a big issue then, and of course they have spent the last 10 years dealing with the problems raised . ...
Sing sing: prison choir connects local employers to former offenders image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:53:10 AM
.... A couple of former choir members had ended up back in prison after their release and Evans and Phillips, a former partner in a City law firm, decided to reassess their project. “We just thought, ‘Why are we doing all this?’ And we were struggling to get funding. ...
Britain’s young suffer as austerity continues to take its toll | Letters image
.... However, when first released it could not have been predicted that those warnings about austerity measures and social exclusion would prove prescient in terms of young people’s current status in the UK, including their mental health issues and harm-related behaviours (Bed found for suicidal girl after judge’s fury, 5 August). As a former youth service manager, school governor and manager of a community-based social inclusion project, I have directly observed the impact of those draconian cuts over the past few years, and the decimation of most youth services and young people’s drop-in support provision can be directly linked to the provision of funding for Cameron’s flagship National Citizen Service, leaving thousands of vulnerable young people without year-round support. ...
Student loans: graduates still face cash grabs of £300 a month image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....Parliamentary and Health Service Ombudsman Rob Behrens says: “Our casework has shown that some people have been given wrong information about whether or not they are eligible for a loan, that some payments have been paid into the wrong bank accounts and, in some cases, overpayments have been made. ”Amatey Doku, NUS vice president, said the SLC’s problems are caused by the government’s deeply flawed approach to education funding. ...
Student debt: What is going on with the Student Loans Company? image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... Anyone with a student loan must tell the SLC if they go abroad for three months or more – whether earning or not. They are also required to show how they are funding the trip. ...
Seriously, why do we still use cash? | Jenny Colgan image
Source : Guardian [Read Article] Friday 4th of August 2017 10:24:07 AM
.... I worry that food bank Britain couldn’t do without its black economy; that things could get even worse. But still: using cash in society works extremely well for depriving our tax take and funding all sorts of stuff you probably really don’t want funded. ...
How to get bitcoin cash? Find out how to get your hands on BCH tokens image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 04:03:00 PM
....Kraken Exchange tweeted: “BCH deposits + withdraws may not be available for several days. We won't enable funding until we think it's safe. ...
Amtrak's $630m Trump budget cut could derail service in 220 US cities image
....While he has touted a $1tn investment plan for America’s infrastructure – which so far shows few signs of materialising – the president’s proposed budget included $630m in cuts for Amtrak that would devastate long-distance services. An advocacy group, the National Association of Railroad Passengers (Narp), warned the budget “wipes out funding for long-distance train service in over 220 cities and towns and in 23 states that will lose train service completely”. ...
BT offers to bring fast broadband to every rural community by 2020 image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:04:03 PM
.... Shapps’s report said that Ofcom, the regulator, should make providers such as BT, Sky and TalkTalk pay compensation if they fail to deliver promised speeds. BT’s proposal does not include any public funding. ...
London's hidden gas plant which could heat and power the future image
Source : Guardian [Read Article] Friday 28th of July 2017 04:10:08 PM
....Heat networks such as Citigen at present supply around 2% of UK heating demand, but the government’s climate advisers believe that could reach 10% by 2030. As a result, the government is funding heat networks with £320m over five years. ...
Entrepreneurs on Trump's startup visa block: 'this puts everything on hold' image
....”. The new programme, coined the International Entrepreneur Rule (also known as entrepreneur parole), would have allowed foreign entrepreneurs who launch businesses in the US to live in the country for a renewable 30-month term, providing they can secure $100,000 (£77,000) in government grants, or $250,000 (£192,000) in venture capital funding. ...
Libor interest rate to be phased out after string of scandals image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:47:23 PM
.... So 20 banks have agreed to keep doing so. One possible solution is Sonia – the sterling overnight index average – which reflects bank and building societies’ overnight funding rates in sterling. ...
Snatching money from care workers marks a new low for the Tories | Polly Toynbee image
.... Everyone knows the problem. The NHS begs for proper funding for social care to alleviate its blocked beds. ...
Britain to ban sale of all diesel and petrol cars and vans from 2040 image
Source : Guardian [Read Article] Tuesday 25th of July 2017 09:38:22 PM
....“Poor air quality is the biggest environmental risk to public health in the UK and this government is determined to take strong action in the shortest time possible,” a government spokesman said. “That is why we are providing councils with new funding to accelerate development of local plans, as part of an ambitious £3bn programme to clean up dirty air around our roads. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... The smart comparison shopper would rush right out to CVS, right? Unless, that is, their insurance was with BlueCross Blue Shield and they lived in one of a handful of states, such as Illinois or Florida, where that insurer had struck a deal requiring them to deal with Walgreens or pay full price. The biggest obstacle to the HSA becoming the bedrock of any future healthcare funding system is that it simply won’t work for the vast majority of Americans, who struggle to set aside even an extra few hundred dollars to cover an emergency. ...
Household batteries will be key to UK's new energy strategy image
Source : Guardian [Read Article] Monday 24th of July 2017 01:16:43 PM
....Batteries and renewable power sources are on the verge of bringing about an “epochal transformation” of the UK that could make energy clean, abundant and very cheap, according to a cabinet minister. As the government unveiled plans for a more flexible energy system and £246m of funding for battery research, Greg Clark told the Guardian that a smarter grid would “radically” bring down bills. ...
Double glazing firm pledge refund – but couple still waiting to get money back image
....Crusader understands Trading Standards is aware of EnergiGlass. When we contacted the company it responded promptly, apologised for the delay in refunding the deposit and said it was "working to return this ASAP". ...
Why not fund the welfare state with a 100% inheritance tax? | Abi Wilkinson image
.... Were that money redistributed by the state, it would cover the cost of adult social care several times over. It could plug gaps in NHS, education and police funding. ...
Should frustrated savers gamble on the stock market or play it safe? image
Source : Guardian [Read Article] Monday 24th of July 2017 06:00:28 AM
....Taking advantage of all of the available tax perks can see cash savers making gains without taking extra risk. Nigel Yeo of The Private Office says that by using pension allowances, funding Isas and making sure that assets are held in the name of a husband or wife depending on their tax position, among other moves, can result in as much of a return as riskier investments. ...
Business secretary to announce investment in battery technology image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....A £246m investment in developing battery technology in Britain is to be launched by the government as part of its drive towards what it says is a modern industrial strategy. The business and energy secretary, Greg Clark, will announce the funding, including a £45m competition to make batteries more accessible and affordable, in a speech on Monday that should spell out further the government’s plans to increase productivity and growth. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
.... That would mean telling voters that all the sacrifices since 2010 had been in vain, which would be a hard sell. On the other hand, voters seem to want more police to fight crime, more money for the emergency services after their heroics this summer, extra investment in the NHS and no cuts in funding for schools. ...
Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
.... The identity of the ancient land of Wales now faces an existential threat. These problems may be catastrophically magnified in the event of a hard Brexit, without replacement of European funding by the UK government. ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
....He confirmed that anyone with a student loan must tell the firm if they go abroad for three months or more – whether they are earning or not. They are also required to show how they are funding the trip. ...
Fit for an oligarch: school for the super-rich opens in London's Mayfair image
.... The co-ed school roll will eventually number 450 and the building is currently undergoing a £5. 2m conversion – backed by private equity funding – into what might be the most fancily located school in the world. ...
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond image
Source : Guardian [Read Article] Friday 21st of July 2017 11:29:19 AM
....The deficit is already expected to rise from full-year borrowing of £46bn last year to £58bn this year. With a queue of government departments clamouring for inflation-busting rises in their funding before the autumn budget, the early signs are that Hammond will be reluctant to put extra cash on the table. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
....Far more significant than “a planning process or two” was the coalition government’s value-for-money review, which started as soon as it came to power in 2010: PFI was examined on a general basis and found profligate, and individual projects had their budgets slashed. In 2011, Myatts Field North’s agreed funding was cut by £16. ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
....“We find it particularly shameful that a British company, BAT, is so dominant in Commonwealth countries like those in Africa, where it has been exposed for its continued use of intimidatory tactics. Ironically this is at the same time that the British government has committed £15m in aid funding to help governments tackle the epidemic and drive down smoking rates. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
. The Russell Group, which represents the UK’s most prestigious universities, has joined calls to make funding fairer for students, urging the government to look again at the 6. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
....5% by the end of the year. He argued: “Lenders are reporting that they will lend less in the third quarter and the recent pickup in wholesale funding costs suggests that they will not continue to cut mortgage rates. ...
Rail firms to be judged by 'to the minute' train punctuality image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:00:12 AM
....The official “public performance measure”, where commuter services have five minutes’ leeway and long-distance trains can arrive 10 minutes late and still count as on time, is also the basis on which Network Rail and train operators are monitored and face potential penalties. That standard is now likely to change from April 2019, when Network Rail’s contracts and funding are renewed, and in operators’ franchises starting from that date. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
....” The MPs said they were concerned about Sky News “being taken in the direction of Fox News”, a reference to the US channel’s rightwing editorial stance. The Murdochs have offered to allay concerns about the future of Sky News by committing to funding it for at least five years and installing an editorial board with a majority of independent directors. ...
Pay-per-mile road tax plan wins £250,000 Wolfson economics prize image
Source : Guardian [Read Article] Thursday 13th of July 2017 09:00:17 PM
....The scheme would reward users of lighter, cleaner vehicles and ensure a steady stream of revenue to the exchequer (pdf), with the £27bn received annually from fuel duty now jeopardised by electric vehicles. Gergely Raccuja, 27, said that allocating 20% of funds directly for road repair would raise enough money to eradicate the UK’s potholes in five years, persuading the judges of the 2017 Wolfson Economics Prize, which asked for proposals for funding better, safer roads in a fair way while benefitting the economy and the environment. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
....The Liberal Democrat spokesman Vince Cable warned that the underlying weakness of government tax receipts and a “reckless approach to Brexit” were a toxic recipe likely to damage the economy. “Even a small deterioration in growth could mean billions of pounds less funding for our public services in the long term,” he said. ...
Renewable power critic is chosen to head energy price review image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:47:05 AM
.... It’s simply a matter of scale,” he wrote in the Spectator magazine. Instead, Helm believes funding should be directed at next generation renewable technologies, such as more efficient solar panels. ...
Grace is 25. Her student debt: £69,000 image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:14:02 AM
....Barr argues fees are too high, and the government should bring back some of the teaching grant for universities so that the cap can be reduced. He points out that part of the reason for switching most of the funding to loans was “a cheap accounting trick to reduce measured public spending”. ...
Casual work is still the root cause of destitution | Letters image
Source : Guardian [Read Article] Monday 10th of July 2017 05:43:31 PM
....• You report (Become an apprentice women over 60 are told, 6 July) that Tory and Labour MPs and campaigners were angered to hear the pensions minister state in a debate in Westminster Hall that women in their sixties facing cuts to their state pensions could take up an apprenticeship as a route to employment. Yet this has been the case since 2005, when the then Labour government extended apprenticeship funding to people aged 25 and over. ...
Is a car maker about to save the planet? | Zoe Williams image
Source : Guardian [Read Article] Monday 10th of July 2017 05:00:05 AM
....There is another, related precept, relevant to climate change: the classic understanding of the relationship between government and industry. The state is meant to enforce social good through regulation, tax, and funding, while industry is supposed to respond by innovating to meet those challenges and restrictions. ...
The UK economy must take a long, hard look at itself | Larry Elliott image
....The one notable exception, according to a paper by Steve Fothergill, Tony Gore and Peter Wells of the Centre for Regional Economic and Social Research at Sheffield Hallam University, has been investing in science, research and technology. Here, there has been some new money: Hammond announced almost £5bn of funding for R&D for the period up until 2020-21. ...
Parliamentary motion calls on Sainsbury's to retain Fairtrade mark image
Source : Guardian [Read Article] Friday 7th of July 2017 04:04:44 PM
....A spokesman for Sainsbury’s said: “Sainsbury’s would welcome the opportunity to take MPs through all the benefits that our pilot will bring beyond what the current Fairtrade model offers. We are very confident that our pilot project will deliver more funding to farmers in Africa than they receive through Fairtrade as well as greater levels of support. ...
UK to fund research into letting electric cars return power to grid image
....The UK plans to invest millions of pounds to explore how the batteries in thousands of electric cars could help the power grid and drive take-up of the cleaner vehicles. British businesses will be able to bid for £20m of government funding for undertaking research and trials of vehicle-to-grid technology, which officials believe holds “enormous potential” benefits for drivers and the energy system. ...
Jeremy Corbyn: UK firms must pay more tax to fund better education image
Source : Guardian [Read Article] Thursday 6th of July 2017 11:20:27 AM
....“I think have to have some degree of certainty and confidence for the future. We cannot go [on] with these levels of regional disparity, we cannot go on with the underfunding of so many of our public services and we cannot go on loading every generation with debts of £50,000 or £60,000, which at some point will be so serious there will be a shortage of people to go to university because they simply can’t countenance the idea of that level of debt. ...
How an 'Airbnb for retail' is bringing entrepreneurs back to the high street image
.... Their users are split between “thousands of landlords” and 80,000 entrepreneurs who use (or have used) the site to find a space. Investors have been interested too (albeit after a period of initial reluctance) – the business is about to close a $12m (£9m) funding round, which follows an earlier $10m (£7m) investment. ...
Theresa May defends public sector pay cap under pressure from Labour image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:23:29 PM
.... Our manifesto and our pledges were costed, unlike the government’s,” he said. Many Conservative MPs have returned to Westminster after the bruising election campaign, determined to urge the government to allay some of the concerns about spending cuts they heard from voters – including on school funding, as well as public sector pay. ...
Ken Loach thinks Brexit will be bad for British films image
Source : BBC [Read Article] Wednesday 5th of July 2017 12:03:52 PM
....But he said most films that are made in the UK are not funded with European money. He said: "The overwhelming majority, apart from domestic funding, come from across the Atlantic. ...
Poorest students will finish university with £57,000 debt, says IFS image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
.... He said that Labour’s policy of scrapping tuition fees would cost a “mind-boggling” £100bn by 2025. Abolishing tuition fees & funding unis out of general taxation would be regressive, benefiting richest graduates, as IFS has repeatedly said. ...
Sheffield to Rotherham tram-train is five times over budget, says NAO image
....By November 2014, Network Rail admitted that costs had rocketed to £44. 9m, but the DfT concluded that cancelling the project would cause “reputational damage” and agreed to provide cash funding as Network Rail was no longer able to borrow to cover budget overruns. ...
Hinkley Point: EDF adds £1.5bn to nuclear plant cost image
Source : BBC [Read Article] Monday 3rd of July 2017 01:28:56 PM
....EDF said the extra costs partly resulted from adapting the project's design to meet the demands of UK regulators. The French state-controlled energy firm is funding two-thirds of the plant, which is expected to create more than 25,000 jobs, with China investing the rest. ...

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