Posted by Jake on Thursday, September 24, 2015 with No comments | Labels: Roundup
CBI chief backs green
economy, says government’s U-turns will cost business hundreds of billions
John Cridland, director general of the CBI and the most
senior voice of British business, has blasted the government’s performance on
the “green economy”, warning that UK companies will lose out on hundreds of
billions of pounds in opportunities for overseas exports if ministers do not
reverse direction. Cridland said the UK’s green economy alone was already worth
£120bn a year, and that between 2010 and 2013, the green economy grew at more
than 7% a year, compared with less than 2% a year for the UK economy as a
whole. The green economy is a new “emerging market”, comparable to the existing
emerging economies of China and India, according to the business leader, but
the UK’s previous success in capitalising on such opportunities is at risk:
“Over many years, the UK has built up real credibility on climate leadership
and low-carbon investment. This is hard won, but easily lost.” Since coming to
power, the Conservatives have aimed a series of blows at the green economy,
including: slashing support for solar power; effectively ending the building of
new onshore wind farms; scrapping the flagship “green deal” insulation scheme,
with no replacement; and part-privatising the Green Investment Bank. There has
also been a stream of rhetoric from senior ministers that has attacked green
aims, including pledges that the UK would hang back on cutting emissions,
compared with other major economies. GUARDIAN
Low prices, high pay!
Lidl becomes first supermarket to offer Living Wage and vows not to increase
cost of goods to fund it
It's already known for its low prices – now Lidl says it’s
going to pay the highest supermarket wages. The discount chain will be the
first grocer to adopt the so-called Living Wage for its staff. And it has vowed
not to push up the cost of goods to fund the £9million cost of the increase. Lidl
will give workers at least £8.20 per hour across Britain – some £1 more than
the minimum announced by George Osborne in the summer. The firm, which has 620
stores and a 4.1 per cent share of the UK grocery market, will pay £9.35 per
hour in London. It represents an average wage increase of £1,200 per year, with
more than half of the grocer’s 17,000 workforce of all ages benefiting from the
rise. In July, the Chancellor stunned firms by revealing plans to introduce
what he dubbed a ‘National Living Wage’. From April 2016, firms will have to
pay all workers over 25 at least £7.20 an hour, up from the current national minimum
wage of £6.50. It will rise to £9 by 2020. However, the move has been
controversial. Last week, Costa Coffee faced a backlash for threatening to hike
the price of a cappuccino to pay for the cost of higher wages. Pub chain JD
Wetherspoon said the National Living Wage would put ‘financial pressure’ on the
already-strained sector. And clothes retailer Next claimed they will have to
increase prices to pay for the rise in staff costs. But German-owned Lidl,
which made record sales of £4billion last year, said it would absorb the wage
increase itself. It’s UK boss Ronny Gottschlich said employees will be amongst
the best paid in the supermarket sector. DAILY MAIL
New NHS contract will
worsen shortage of junior doctors
The warning comes from the trainee doctors group (ATDG) of
the Academy of Medical Royal Colleges, which represents the professional
interests of all the UK’s 240,000 doctors. It puts extra pressure on Hunt to
reconsider his decision to impose new terms and conditions on the NHS’s 53,000
junior doctors in England, which has sparked angry protests. The new contract
will extend the normal working week in which doctors can be told to work their
48 hours from 7am-7pm Monday to Friday to 7am-10pm Monday to Saturday. Many
will also see their pay cut because they will no longer be paid overtime for
working evenings and Saturdays. The ATGD claim the new contract will deepen
existing shortages in areas which already require doctors to work a lot out of
hours, such as A&E units, acute medicine, children’s services and general
practice. Recent official NHS figures, covering the arrival of the latest round
of new junior doctors in August, show that acute medicine was still short of
48% of the new recuits it needed, as was renal medicine (48%) and geriatrics
(14%). The proposed changes have already raised fears of an exodus of
expensively trained medics to other countries, such as Australia, after figures
showed 1,644 young doctors had already began the process of applying for the
certification needed in just three days last week. GUARDIAN
Tory MP Andrew Tyrie demands
proof that taxpayer is getting value for money in RBS sale
Treasury Select Committee (TSC) chairman Andrew Tyrie MP is
demanding to see what advice the government received from UK Financial
Investments (UKFI) - the agency that manages the public stake in bailed-out
banks - before it started to sell off shares in Royal Bank of Scotland last
month. UKFI sold around 600m shares, reducing the government's 79 per cent
stake in the lender. The shares went on sale at a £13bn loss. Tyrie, who has
been chairman of the TSC since 2010, noted that Osborne has since commissioned
"an independent report from Rothschild to verify the work of its own
advisers", saying this "could be taken to cast doubt on the quality
of this advice". Tyrie said: "UKFI exists to develop and execute an
investment strategy for disposing of the government’s shares in RBS and Lloyds
in a way that protects value for the taxpayer. This is its overarching
objective, set out in its framework document." It follows concerns about
why UKFI had paid Goldman Sachs and UBS just £1 for services that otherwise
would have brought in millions for the investment banks, a fact revealed
earlier this month. CITY AM
'Million' new homes
by 2020 target declared by minister Brandon Lewis
Housing minister Brandon Lewis said the government aimed to
see one million new homes in England over this Parliament. But the National
Housing Federation (NHF) said about 245,000 new homes were needed each year in
England. Figures from 326 councils showed only 457,490 were built between 2011
and 2014. The NHF estimated 974,000 homes were needed during that period. Gill
Payne, NHF director of policy and external affairs, said: "Skyrocketing
rents and ballooning house prices are eating up more and more of people's wages
and forcing people out of their local communities or into smaller, lower
quality housing... We haven't built enough homes in this country for decades.”
In 2012, the government introduced changes to the National Planning Policy
Framework, aimed at making the planning process simpler and quicker. But
numerous other factors have also been blamed. A shortage of land has also been
cited by homelessness charity Shelter, while criticism has been levelled at
developers who build slowly rather than progressing quickly. By keeping the
number of new homes available at any one time low, the price of those houses
can be kept high, said Matthew Pointon, property economist at Capital
Economics. A shortage of skilled labour, a big drop in the number of councils
building new homes and regulations restricting housing associations have also
been blamed. Shelter's chief executive Campbell Robb added: "We are past
the time for another grand statement of ambition. To give ordinary families
back the hope of a stable home, we need to see investment and a comprehensive
plan that can actually get these homes built." BBC NEWS
Volkswagen scandal:
rivals strenuously deny emissions tampering
BMW, Toyota, Honda and Renault are the first large car
manufacturers to go on record and categorically deny that they have been
tampering with the results of emissions tests in the wake of the Volkswagen
emissions scandal. Volkswagen has seen its share price fall more than 38 per
cent since it was first accused of fitting a “defeat device” to cars sold in
the USA, which detected when the vehicle was being emissions-tested, and
drastically reduced its output of nitrous oxides. It has since been suggested
that some of the company’s rivals could be involved in similar practices – so
much so that they could be endemic in the industry. Patrick McLoughlin, the
Transport Secretary, has called for a Europe-wide investigation into the
company, while several countries around the world have launched their own
probes. TELEGRAPH
Government to
prosecute rogue training providers offering dodgy apprenticeship schemes
Examples of misuse of the term “apprenticeship” included
young people thinking they had completed an apprenticeship when they hadn't;
youngsters having to find other employers to achieve the qualifications
required; and workers entering the industry part-qualified without adequate
experience or skills. Global construction company Balfour Beatty and family
firm SJD Electrical both told the Government that they had been forced to turn
away job applicants who were severely underqualified at the end of
'apprenticeship schemes' done elsewhere. Skills Minister Nick Boles has promised
apprentices similar legal protection to university students. In future anyone
offering 'fake' or low-quality apprenticeship training could be fined or face
prosecution in a magistrates' court. Balfour Beatty chief executive Leo Quinn
said: 'Protecting and enhancing apprenticeships as proposed by the Enterprise
Bill will further build the status of apprenticeships and help to encourage
business to invest in them... It is crucial that apprenticeships remain world
class.' The Government is committed to helping create three million new
apprenticeships by 2020. DAILY MAIL
Floodgates open for
flight delay claims
Millions of stranded airline passengers will be eligible for
compensation payouts after the European court of justice (ECJ) ruled that they
can claim for delays caused by technical problems. The judge decreed that
unexpected technical problems can no longer count as an “extraordinary
circumstance”, opening the door to claims of up to €600 (£437) a head. Last
year, the UK’s supreme court reached the same conclusion in a case brought by a
passenger who wanted compensation for a 27-hour delay, but the decision was
only legally binding in England and Wales. However, the battle is far from
over. Since the supreme court verdict, thousands of people who have tried to
lodge a claim have been fobbed off by airlines. Airlines have been turning
“technical problems” into a “hidden manufacturing defect” which does count as
an “extraordinary circumstance” (and which would, if genuine, oblige the
airline to ground its entire fleet). This week, Britain’s aviation regulator,
the Civil Aviation Authority, began enforcement action against Ryanair to make
the budget airline pay compensation to thousands of delayed passengers in the
wake of the European court judgment. GUARDIAN
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