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...."There is no one 'silver bullet' solution to solve the retirement gap. Individuals need to increase their personal savings and financial literacy, while the private sector and governments should provide programmes to support them," he said. ... [Read full article on BBC ]
Friday 26th of May 2017 12:02:45 PM
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....It is not possible to contemplate real solutions to the housing crisis without profound structural economic change. A weak private sector in the regions and public-sector jobs shrinking rapidly as a result of cuts mean that many people still look for work in the capital. ... [Read full article on Guardian ]
Thursday 25th of May 2017 04:30:19 AM
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....". On the plus side, more than 80% of mothers work and Sweden leads the industrialised world in terms of public sector gender equality, according to the OECD; but Allbright's research shows the private sector - and the rapidly growing startup scene - is struggling to keep up. ... [Read full article on BBC ]
Sunday 21st of May 2017 12:04:00 AM
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....How can the UK build more homes?. The vast majority of new homes started - about 137,000 - were built by the private sector. ... [Read full article on BBC ]
Thursday 25th of May 2017 11:42:17 AM
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.... “There is no one ‘silver bullet’ solution to solve the retirement gap. Individuals need to increase their personal savings and financial literacy, while the private sector and governments should provide programmes to support them. ... [Read full article on Guardian ]
Friday 26th of May 2017 06:07:32 AM
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....Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. Last week, when Lloyds Banking Group was congratulating itself over its return to the private sector, it was still being haunted by the fraud perpetrated at the Reading branch of HBOS, the hotshot lender it rescued in 2008. ... [Read full article on Guardian ]
Sunday 21st of May 2017 05:59:46 AM
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Latest Finance News related to Private Sector

Call to raise retirement age to at least 70 image
Source : BBC [Read Article] Friday 26th of May 2017 12:02:45 PM
...."There is no one 'silver bullet' solution to solve the retirement gap. Individuals need to increase their personal savings and financial literacy, while the private sector and governments should provide programmes to support them," he said. ...
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
.... “There is no one ‘silver bullet’ solution to solve the retirement gap. Individuals need to increase their personal savings and financial literacy, while the private sector and governments should provide programmes to support them. ...
English house-building at highest for a decade image
Source : BBC [Read Article] Thursday 25th of May 2017 11:42:17 AM
....How can the UK build more homes?. The vast majority of new homes started - about 137,000 - were built by the private sector. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. Last week, when Lloyds Banking Group was congratulating itself over its return to the private sector, it was still being haunted by the fraud perpetrated at the Reading branch of HBOS, the hotshot lender it rescued in 2008. ...
Fair shares? image
Source : BBC [Read Article] Sunday 21st of May 2017 12:04:00 AM
....". On the plus side, more than 80% of mothers work and Sweden leads the industrialised world in terms of public sector gender equality, according to the OECD; but Allbright's research shows the private sector - and the rapidly growing startup scene - is struggling to keep up. ...
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
....Risk and reward. Jordan Hiscott, chief trader at Ayondo Markets, says the Government took a huge risk in using taxpayer funds to bail out private sector banks and has silenced critics who said it would never get its money back. ...
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 climate change minister, Nick Hurd, has given an endorsement of sorts. He says the government has committed to improving the insulation of Britain’s homes, adding: “It’s encouraging to see private sector firms working to deliver energy efficiency to consumers through the Green Deal framework. ...
FTSE's recent record-breaking run stalls image
Source : BBC [Read Article] Wednesday 17th of May 2017 07:29:02 AM
.... . Shares in Lloyds Banking Group were up nearly 2% after the government confirmed it had shed its last remaining stake in the bank, thus returning it to the private sector. ...
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
....But, it might argued, the exercise would be worthwhile anyway if the water industry is “dysfunctional” – Labour’s description. Is that really true, however? Water was privatised in the first place because politicians could see the mighty expense of replacing the Victorian-era infrastructure and thought a regulated private sector could do the job more efficiently. ...
Share sale returns Lloyds to private sector image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:54:38 PM
....At the height of the financial crisis taxpayers owned 43% of Lloyds. Its return to the private sector is in stark contrast with the other bailed-out bank - Royal Bank of Scotland - that is still 73% owned by taxpayers. ...
Staff more likely to struggle to work than pull a sickie image
Source : BBC [Read Article] Monday 15th of May 2017 11:01:13 PM
....Aviva's Working Lives report backs up this view of staff attending work when ill. The insurer's survey suggested that two-fifths of private sector employees were worried that their workload would pile up if they were off sick. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
....JP Morgan is being scrutinised because, in the run-up to the EU referendum last June, the bank’s chief executive Jamie Dimon stood alongside the then chancellor, George Osborne, to warn that up to 4,000 roles could be lost. Last week, it warned it might have to move staff – possibly as many as 1,000 from the City of London – as a result of Brexit It employs 16,000 people across the UK, with about 11,000 in the City and 4,000 in Bournemouth – it is the biggest private sector employer in Dorset – with the remainder in Scotland. ...
WannaCry ransomware cyber-attacks slow but fears remain image
Source : BBC [Read Article] Monday 15th of May 2017 10:38:57 AM
....EU Commissioner for Security Julian King told the BBC on Monday that the EU was proposing legislation to reinforce cyber security in the wake of the attack. Some private sector security researchers say they have seen some similarities between some of the code in the recent attack and some linked to North Korea in the past. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
....6bn cost incurred by the government although the bank’s chief executive, António Horta-Osório, told last week’s AGM that the government would make at least £500m from the bailout. The return to the private sector has led to 57,000 job cuts – in part because of cost-cutting implemented in the merger but also subsequent efficiency drives to boost profitability. ...
Foxtons' tweets win few fans – now the slowdown gives it little to sing about | Simon Goodley image
....Anyway, this week is expected to be the moment when our now 0. 25% holding finally goes to zero, so expect crowing by the Conservative party about how Lloyds has been nursed back into the private sector on its watch (and, possibly, Horta-Osório saying he’s off). ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
....Labour says it will commission more affordable homes than the Tories. But who can say they will be built to a higher standard than the cheap and flimsy flats currently thrown up by the private sector? Can a denuded local authority planning department guarantee that? No it can’t. ...
Dramatic minimum wage rises will put low-paid jobs at risk, says IFS image
Source : Guardian [Read Article] Wednesday 10th of May 2017 05:47:26 PM
....It said the outgoing Conservative government increased the proportion of employees aged 25 and over paid the NLW from 4% to 8% and it will rise to 12% under current Tory plans by 2020. The report found that part-time, female and private sector employees and those in the North of England, the Midlands and Wales were most likely to be affected by the proposed increases. ...
UK firms struggle to find employees – even before Brexit bites image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
....The report was compiled for REC by the consultancy IHS Markit using data from a panel of 400 recruitment firms. It showed demand for staff rose sharply across the private sector in April, but declined across the public sector. ...
Macronomics image
Source : BBC [Read Article] Monday 8th of May 2017 07:46:22 AM
....5% without major reform. But one thing in the President-elect's favour is that the strongest union in the private sector is now the moderate CFDT, which now has more clout than the more militant CGT. ...
ITV chief executive Adam Crozier steps down image
Source : BBC [Read Article] Wednesday 3rd of May 2017 07:36:53 AM
....Mr Bazalgette said in a statement that Mr Crozier "has made a fantastic contribution to ITV and the board is deeply indebted to him for his strong leadership and personal dedication in very successfully turning around the business and building a more global and diversified organisation with real scale in key creative markets around the world". Mr Crozier, a former boss of the Football Association and Royal Mail, said: "Having spent 21 years as a chief executive across four very different industries, I now feel that the time is right for me to move to the next stage of my career and to build a portfolio of roles across the plc and private sectors. ...
ITV chief executive Adam Crozier steps down after seven years image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:25:36 AM
.... Crozier holds 2m shares in ITV, worth close to £4m at the broadcaster’s current share price, built up as part of his remuneration awards. Crozier, also a former boss at ad agency Saatchi & Saatchi, said: “Having spent 21 years as a chief executive across four very different industries, I now feel that the time is right for me to move to the next stage of my career and to build a portfolio of roles across the plc and private sectors. ...
FTSE firms face pension 'difficulty' image
Source : BBC [Read Article] Monday 1st of May 2017 07:37:03 AM
....JLT found that the combined pension funds deficit of FTSE 100 companies was £60bn in April, up from £53bn a year ago. The deficit of all UK private sector pension schemes was unchanged at £182bn, JLT found. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
....Last year, Sir John said the central bank needed to demand a deeper capital buffer from the banks, calling it an "insurance policy" against harder times and deserving "full cover". The exchange is part of a wider debate over how banks should be managed and policed and whether they are still too big to be rescued by the private sector. ...
Virgin, Stagecoach and France's SNCF link up for HS2 bid image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:47:58 PM
.... Stagecoach is taking a 50% share, SNCF 30% and Sir Richard Branson’s Virgin 20%. The RMT, which has long argued the irony of Britain’s rail being contracted to private sector firms that are owned by foreign governments, denounced the news as a French “landgrab”. ...
Geeks v government  image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:03:23 PM
....The world was changing and electronic communication was becoming more important. Many private sector transactions would be impossible without secure communication. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
....Of course, the low interest rates that have benefitted homeowners are themselves likely to be one of the factors pushing up house prices. The vast majority of young adults working in the private sector will never have pensions as generous as those enjoyed by their older colleagues. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
.... . "The right place for them is in the private sector and I'm pleased to be able to say we are approaching the point at which we will sell our final shares in Lloyds Bank. ...
Green Investment Bank sold to Australian firm Macquarie image
Source : BBC [Read Article] Thursday 20th of April 2017 09:25:36 AM
....He said the Green Investment Bank had been "very successful in attracting private capital to the UK's green economy". "It now makes sense to move it into the private sector where it will be free from the constraints of public sector ownership, allowing it to build further on its success," he said. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
.... . Critics say that would make it harder for any government involved to reverse the privatisation of any services that had been transferred to the private sector. ...
How Britain can build a successful, lasting industrial strategy image
Source : Guardian [Read Article] Sunday 16th of April 2017 10:03:01 AM
....Fourth, build as big a consensus around the plan as possible. In the case of the SDGs, governments, civil society, the private sector and the multilateral organisations all signed up. ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
.... Failure to meet the resulting aspirations of people in developing countries risked creating the conditions for war, terrorism and increased migration, he warned. The Bank is particularly worried about recent low growth in Africa, and Kim wants government aid money to be used to turn the billions provided by western countries into trillions in investment from the private sector. ...
Developing nations' demands for better life must be met, says World Bank head image
....Speaking in London ahead of the Bank’s spring meeting next week, Jim Yong Kim said an urgent development push was needed in order to meet the demands for a better life by those in developing countries, increasingly aware through their smartphones of how rich people lived. The Bank is particularly worried about recent low growth in Africa and Kim said official aid money should be used to turn the billions of dollars provided by western countries into trillions of dollars of investment from the private sector. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
.... But, with labour cheap and plentiful, too many employers see no reason to invest. It is this ingrained tendency that best makes the case for a national investment bank: if the private sector won’t rise to the challenge, the state should step into the breach. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
.... The supermarket has also agreed to pay £85m in compensation to investors affected by the window when there was a false market for its shares. After the accounting scandal Lewis led a restructuring of the group, which is the UK’s biggest private sector employer. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
.... The City expects Lloyds to return to full private ownership by June. Simon Kirby, the economic secretary to the Treasury, said: “I welcome this further progress in returning Lloyds to the private sector. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....8bn marks another major milestone in our plan to get taxpayers’ money back following the financial crisis. “We are determined to return the financial assets we own to the private sector and today’s sale is further proof of the confidence investors have in the UK economy. ...
Bradford & Bingley mortgage sale raises £11.8bn image
Source : BBC [Read Article] Friday 31st of March 2017 06:57:25 AM
....8bn marks another major milestone in our plan to get taxpayers' money back following the financial crisis," Chancellor Philip Hammond said in a statement. "We are determined to return the financial assets we own to the private sector and today's sale is further proof of the confidence investors have in the UK economy. ...
How one council is beating Britain's housing crisis image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... But one council has begun building again in volume, in what some see as a model for tackling the housing crisis. On the outskirts of Sheffield, hundreds of new homes are springing up, built by the council to space standards that have all but disappeared in the private sector. ...
‘A truly terrible story, and not uncommon’ – our work expert responds image
....This is a truly terrible story; I only wish it was an uncommon one. There are all too many recorded instances, in both the public and private sectors, of well-intentioned, principled people who felt it their duty to bring clear malpractices to the notice of managements – only to be branded troublemakers and quite often frozen out of their careers. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
.... “Its results will be made public. In other words, consistent with our higher standards, the Bank planned a tougher response than we would expect in the private sector, but one that, in our judgment, was still proportionate to an honest mistake that was freely and transparently admitted,” said Carney. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....” The statement covered Coutts and NatWest. HSBC said: “This case highlights the need for greater information sharing between the public and private sectors, each of whom holds important information the other does not. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
....The US is on relatively strong footing to achieve higher economic growth. Indeed, by animating the economy’s animal spirits, the Trump administration has laid the groundwork for the private sector to do a lot of the heavy lifting. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
....“But our spending on R&D has stagnated at just 1. 7% of GDP, with both public and private sectors under-investing,” the report says. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... The bank has also recently bought student blocks in Newcastle, Durham and Belfast to take its portfolio to 800 rooms. “London universities have over a quarter of a million full-time students, almost 70% of which are unable to access university or private sector accommodation,” said Howard Meaney, head of real estate UK for UBS’s Triton fund. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
....On current trends, the average pay of public sector workers will be £1,700 lower in 2020 than its peak in 2010, it said. Pay figures for the years after the financial crash in 2008 show that private sector workers bore the brunt of the slump in wages. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....Kevin Lygo, ITV’s head of television, who left his role as Channel 4’s director of television and content in 2010 after missing out on the top role to Abraham, may also be in the running. In the statement, Abraham – who is paid almost £900,000 a year – said: “I now look forward to working with the Channel 4 board to support and hand over to my successor and then begin the next phase of my life – back in the private sector where I hope to build an organisation that makes use of all that I learned from leading different kinds of innovative creative businesses. ...
EU workplace headscarf ban 'can be legal', says ECJ image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:08:02 AM
....G4S's rules prohibited "any manifestation of such beliefs without distinction", and were therefore not directly discriminatory, the court said. It said "an employer's desire to project an image of neutrality towards both its public and private sector customers is legitimate" - but national courts had to make sure this policy of neutrality was applied equally to all employees. ...
Cyber security: Experts warn on rise of hacker ransoms image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:05:46 AM
....As many as 21 billion devices used by businesses and consumers around the world are forecast to be connected to the internet by 2020. Ciaran Martin, chief executive of the NCSC, said cyber attacks would continue to evolve and the public and private sectors must continue to work at pace to reduce the threat to critical services and deter would-be attackers. ...
Too many firms game the system. They should be transforming lives  | Aditya Chakrabortty image
.... On the other, private employers who can’t and won’t live up to the promises made by ministers and the models confected by mandarins. When David Cameron began his austerity cuts, his pledge was that the private sector would fill in the gaps left by the shrinking public sector. ...
Some bailiffs 'still abusing powers', debt charities say image
Source : BBC [Read Article] Tuesday 14th of March 2017 12:03:59 AM
....Claire Kober, chairwoman of the Local Government Association's resources board, said that anyone who felt that a bailiff working on behalf of a local authority had acted illegally or been intimidating should contact the council concerned immediately to raise their concerns. Vernon Phillips, director general of the Civil Enforcement Association (CIVEA), which represents private sector agents, said: "It is clear from the most recent local authority survey evidence that the system is working better than before the new regulations came into force, but we are keen to ensure any continuing concerns are tackled effectively. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... Voters are up for nationalising the railways and for workers on boards. They see the sense of the state investing in the sectors that make up the fourth industrial revolution if the private sector proves incapable or unwilling to do so. ...
Call to boycott Tesco over 'endangered' white men claim image
Source : Guardian [Read Article] Saturday 11th of March 2017 01:31:13 PM
....”. In the private sector, women accounted for just 29% of directors appointed in the UK last year, according to the recruitment firm Egon Zehnder, the lowest proportion since 2012. ...
Benefit claimants 'missing out' on private rentals image
Source : BBC [Read Article] Thursday 9th of March 2017 12:52:36 AM
....However, some respondents to the survey said the situation would be improved if the government started a scheme to guarantee payments to landlords. Since 2008, Housing Benefit in the private sector has been paid to the tenant, rather than the landlord. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
....The Rics survey found that 52% of landlords would consider letting to homeless households and those receiving benefits if the government offered a financial guarantee on deposits and rent. Some local councils offer guaranteed rents to landlords who sign up to offer their properties for a set period, although rising rents in the private sector have made it hard for them to attract property owners. ...
Vodafone to recruit women on career breaks image
Source : BBC [Read Article] Friday 3rd of March 2017 12:01:11 AM
...."They face a lot of challenges. Not all organisations, both public and private sector, have been very adept at how they help those women overcome those challenges. ...
Government sets out post-Brexit digital strategy image
Source : BBC [Read Article] Wednesday 1st of March 2017 01:10:06 AM
.... . It has secured the following pledges from private sector organisations:. ...
Coca-Cola U-turn could help UK catch up on can and bottle recycling image
Source : Guardian [Read Article] Tuesday 28th of February 2017 06:00:20 AM
....Norway, Finland, Denmark and the Netherlands have all rolled out highly effective deposit return schemes, while states in the US and Australia report positive results, with expansions planned. But Coca-Cola’s announced support for trials of a bottle deposit return service in Scotland has shone a spotlight back on the private sector. ...
CPI was never meant to be real measure of inflation | Letters image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:07:14 PM
....Your article (Pension changes could cost 11m Britons thousands of pounds, 21 February) says 75% of pension schemes use the retail price index (RPI). But all the public-sector schemes, which must be more than 25%, as well as many in the private sector – eg BT, BA – have used the consumer price index (CPI) for years. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
....“If we are anything in the Conservative party, we should be the party of business and commerce,” he said. “And we’ve put huge burdens on to the private sector which they are bearing and still delivering the highest economic growth in the G7 and I think we have to be very careful not to kill the golden goose. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
.... But with health costs rising, and tax receipts stagnant, there will be little room for manoeuvre. In short, there is very little left in the tank of the private sector or the government to boost a flagging economy, let alone overheat it. ...
Toshiba crisis: unions urge government to 'get a grip' on nuclear policy image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:01:48 PM
....“The government must get a grip of the funding of these projects. It is the duty of the government, not the private sector, to ensure that UK energy is safe secure and that means it must act to bring our new power stations on stream. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
....Corruption is particularly high in the extractives sector. The cost of private sector corruption in developing countries was above $500 bn in 2012 – representing 3. ...
Let the councils build homes again and fix our broken housing market image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... Yes, some private money is now coming into “build to let” but it won’t be sufficient for the huge number of low-cost, low-rent homes that are required. It is remarkable how, since the late 1950s, private sector output of homes has been consistently within a range of 150,000 to 200,000 per year. ...
‘A change of jobs is not only desirable but possible’ – our work expert responds image
.... (I wonder if this is a job for young people!). My question is: surely he has transferable skills? What other areas could he apply to? Is there a “private sector” where he could have a breather? He is hardworking physically and would love to work outdoors in a dream world, if we didn’t have a huge mortgage. ...
Fingerprint payments prompt privacy fears in India image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
.... Sumandro Chattapadhyay, a director at the Centre for Internet and Society thinktank, is one of them. For starters, says Chattapadhyay, the law governing use of the biometric database, fast-tracked through parliament last year, is flimsy when it comes to the private sector. ...
Robots 'could replace 250,000 UK public sector workers' image
Source : Guardian [Read Article] Monday 6th of February 2017 09:10:14 AM
....Such “contingent labour” platforms, it says, could suit hospitals and schools as an alternative to traditional agency models, as well as organisations which experience seasonal peaks in demand such as HMRC at the end of the tax year. Reform also calls for a shift towards a more private sector-style organisational culture, suggesting that “shared kitchens and feedback boards [will] enable the spontaneous interactions that will support a new culture of public service innovation”. ...

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