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Wednesday 19th of July 2017 11:02:57 AM
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.... . Unicef says it is working globally with a number of governments and private sector partners to explore how drones can be used in humanitarian and development missions. ... [Read full article on BBC ]
Thursday 29th of June 2017 04:27:48 PM
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.... Another would be for governments to say enough is enough. If, despite the lowest ever borrowing costs and repeated cuts in corporate taxation, the private sector won’t invest in the fourth industrial revolution, the public sector will. ... [Read full article on Guardian ]
Sunday 16th of July 2017 01:11:02 PM
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....But Andrew Bailey, the chief executive of the FCA, justified the changes on the basis that sovereign owners behave differently to other sorts of companies. “Sovereign owners are different from private sector individuals or companies – both in their motivations and in their nature. ... [Read full article on Guardian ]
Thursday 13th of July 2017 05:45:51 PM
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....”. Labour’s shadow chief secretary to the Treasury, Peter Dowd, echoed the call for the government to remove the cap on public sector pay rises, which has seen teachers, nurses, police officers and other workers employed by the state fall behind those in the private sector. ... [Read full article on Guardian ]
Thursday 6th of July 2017 12:57:38 PM
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.... The clock is ticking while workers wait for the government to act,” she said. “Ministers must set out a plan to get real wages rising across the public and the private sectors. ... [Read full article on Guardian ]
Wednesday 12th of July 2017 10:35:05 AM
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....A secondary complaint was cost, as can be deduced from any spreadsheet of government PFI deals, which are known among civil servants as “one for the price of two”. The upfront loan from the private sector was charged at much higher interest rates than government borrowing. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:00:09 AM
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....Since 80% of firms have granted spouses’ benefits to gay couples already, Walker said, the impacts on private firms will be relatively modest. The Department for Work and Pensions, however, estimates it would cost £100m for the private sector and £20m for the public sector to deliver financial equality. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:00:43 AM
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....While it offers some practical suggestions for improving the supply of housing and a sop to renters with the banning of letting fees, it does little more than twiddle the knobs on a vast, floundering machine. It labours under the delusion that the private sector can address housing need largely alone and that, therefore, the problem is only one of supply. ... [Read full article on Guardian ]
Saturday 24th of June 2017 11:05:13 PM
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.... The report showed jobs growth slowed last month. According to ADP, the private sector added 158,000 new jobs in June; economists surveyed by Reuters had been expecting a gain of 185,000. ... [Read full article on Guardian ]
Friday 7th of July 2017 12:53:33 PM
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. Low-paid workers in the private sector should see their wages restricted to inflation-only rises, according to business leaders, who have said that without the real-terms freeze, they could be forced to make job cuts. ... [Read full article on Guardian ]
Sunday 16th of July 2017 06:13:15 PM
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.... Instead, the bonds will become payable by Intesa, which means they ought to be safe. So what happened to the rule that all bondholders must be obliterated before taxpayers contribute? That principle was introduced in the EU after the 2008 global financial crisis to quell the justified outrage that taxpayers, in effect, had been underwriting private sector banks’ bad bets. ... [Read full article on Guardian ]
Monday 26th of June 2017 03:18:46 PM
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.... It’s as simple as that. The projects that will be most affected will be those that require immediate private sector investment – starting with Heathrow. ... [Read full article on Guardian ]
Monday 26th of June 2017 12:32:00 PM
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.... They’ll have to follow the other premium rules, just not those two. The FCA’s thin justification is that “sovereign owners tend to be different from private sector individuals or entities in both their motivations and their nature”. ... [Read full article on Guardian ]
Thursday 13th of July 2017 06:21:05 PM
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.... But now is the time to prove it. Britain needs a pay rise across the public and private sector. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 08:56:34 AM
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. The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). ... [Read full article on Guardian ]
Friday 21st of July 2017 05:14:02 PM
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Latest Finance News related to Private Sector

The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
. The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....Since 80% of firms have granted spouses’ benefits to gay couples already, Walker said, the impacts on private firms will be relatively modest. The Department for Work and Pensions, however, estimates it would cost £100m for the private sector and £20m for the public sector to deliver financial equality. ...
Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
. Low-paid workers in the private sector should see their wages restricted to inflation-only rises, according to business leaders, who have said that without the real-terms freeze, they could be forced to make job cuts. ...
Post-Brexit London is open for business (no matter how grubby) image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:21:05 PM
.... They’ll have to follow the other premium rules, just not those two. The FCA’s thin justification is that “sovereign owners tend to be different from private sector individuals or entities in both their motivations and their nature”. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....But Andrew Bailey, the chief executive of the FCA, justified the changes on the basis that sovereign owners behave differently to other sorts of companies. “Sovereign owners are different from private sector individuals or companies – both in their motivations and in their nature. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
.... The clock is ticking while workers wait for the government to act,” she said. “Ministers must set out a plan to get real wages rising across the public and the private sectors. ...
Casual work is still the root cause of destitution | Letters image
Source : Guardian [Read Article] Monday 10th of July 2017 05:43:31 PM
.... This has meant successive governments have easily hit their apprenticeship targets – quantity trumps quality every time. The apprenticeship levy will exacerbate this as large organisations in both the public and private sector seek to claw back their money. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
.... Its analysis found that the public sector was facing two “crunches”, a squeeze on pay that would bring it back to 2005 levels by 2020 and a loss of jobs that would result in a headcount below five million for the first time this century. The report said allowing public sector pay to rise in line with pay in the private sector for the rest of the decade would cost £9. ...
US jobs report shows sharp recovery in June but wage growth remains slow image
.... The report showed jobs growth slowed last month. According to ADP, the private sector added 158,000 new jobs in June; economists surveyed by Reuters had been expecting a gain of 185,000. ...
UK faces tightest squeeze on household incomes for five years image
Source : Guardian [Read Article] Thursday 6th of July 2017 12:57:38 PM
....”. Labour’s shadow chief secretary to the Treasury, Peter Dowd, echoed the call for the government to remove the cap on public sector pay rises, which has seen teachers, nurses, police officers and other workers employed by the state fall behind those in the private sector. ...
Malawi and Unicef launch drone air corridor image
Source : BBC [Read Article] Thursday 29th of June 2017 04:27:48 PM
.... . Unicef says it is working globally with a number of governments and private sector partners to explore how drones can be used in humanitarian and development missions. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
.... Instead, the bonds will become payable by Intesa, which means they ought to be safe. So what happened to the rule that all bondholders must be obliterated before taxpayers contribute? That principle was introduced in the EU after the 2008 global financial crisis to quell the justified outrage that taxpayers, in effect, had been underwriting private sector banks’ bad bets. ...
Hard Brexit could halt Heathrow expansion plans, says Lord Adonis image
Source : Guardian [Read Article] Monday 26th of June 2017 12:32:00 PM
.... It’s as simple as that. The projects that will be most affected will be those that require immediate private sector investment – starting with Heathrow. ...
The Observer view on the housing crisis | Observer editorial image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:05:13 PM
....While it offers some practical suggestions for improving the supply of housing and a sop to renters with the banning of letting fees, it does little more than twiddle the knobs on a vast, floundering machine. It labours under the delusion that the private sector can address housing need largely alone and that, therefore, the problem is only one of supply. ...
BRITAIN'S SHAME: Ex-soldiers facing 'dangerous' levels of debt, warn experts  image
Source : Daily Express [Read Article] Saturday 24th of June 2017 10:33:00 AM
....“Once out of barracks they have to pay rent, council tax and utility bills that they previously would not have been responsible for. "A service person’s salary is also often far more than what they can achieve in the private sector and, despite lots of work by the Forces to help with the transition, often they struggle to find jobs quickly. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... It can be hard to find a water fountain in Manhattan, and public transit in American cities ranges from mediocre to nonexistent. But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....The number of private-sector workers saving into a pension has rocketed from 55% to 78% of all employees in just the past four years. Among the young, the number is even more impressive; just 24% of 22-to-29-year-olds in the private sector were saving for a pension in 2012, but this almost tripled to 68% by 2016. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
....Pay curbs in the public sector are a factor but they are not the whole story. Just as in the early 19th century, private sector employers feel no need to pay higher wages. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
....The Halifax said housing supply remained very low, with the number of properties coming onto the market falling for 14 months in a row. However it noted there had been a rise in private sector house-building at the start of 2017. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
....9% and was flat overall during the previous year. It is this lack of investment that the next government must address and quickly – not just to strengthen an economy starved of private sector spending since the noughties, but also to address the concerns of a younger generation that lacks an endowment worthy of the name from those already retired or reaching the end of their working lives. ...
The global economy can recover faster if we avoid the obvious pifalls | Nouriel Roubini image
.... For example, the administration could still pursue protectionist measures that would precipitate a trade war, and it has imposed migration restrictions that will probably reduce growth by eroding the labour supply. Moreover, Trump might continue to engage in corporatist micromanagement, which would disrupt the private sector’s investment, employment, production, and pricing decisions. ...
Dow jumps on US climate deal withdrawal image
Source : BBC [Read Article] Thursday 1st of June 2017 03:39:31 PM
.... Elon Musk, founder of Tesla, confirmed he would leave the President's advisory council in response to the move. Earlier in the day positive numbers on hiring in the private sector had also boosted share prices. ...
Trade union membership has plunged to all-time low, says ONS image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:43:25 AM
....6 million. “Cuts to the public sector workforce have meant the loss of many good quality jobs, and recent growth in private sector employment has been characterised by a large proportion of insecure jobs,” said the TUC general secretary, Frances O’Grady. ...
Climate clash image
Source : BBC [Read Article] Thursday 1st of June 2017 09:37:48 AM
....Walmart, for example, claims it saves $1bn a year by getting a quarter of its power from renewable sources. Former US President Barack Obama summed up this idea in a response to Mr Trump's move, saying: "Simply put, the private sector already chose a low-carbon future. ...
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. ...

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