Coalition needs to tackle jobs crisis January 18, 2012 BRITAIN’S jobs market has ground to a halt and with more people joining the labour force than leaving it unemployment is soaring. This is an emergency, yet the government is paralysed, with radical supply-siders (including, perhaps surprisingly, several advisers in 10 Downing Street) largely stymied, thanks to Vince Cable and allies. There are some reforms [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 18, 2012 FINANCIAL TIMES TWO BANKS IN DANGER AS DEADLINE APPROACHES European regulators are convinced that two of the continent’s banks will fail to produce credible plans to plug capital deficits by Friday’s deadline, exposing both to the risk of full or partial nationalisation. Officials said that it looked “almost inevitable” that a fresh injection of state [...]
Obama snubs oil pipeline January 18, 2012 POLITICAL bickering heightened in the US last night, as President Barack Obama stoked a battle with Republicans by rejecting plans for a huge oil pipeline to Canada. The decision over the pipeline – seen as a key battleground between Obama and opposition Republicans during the race for the White House this year – coincided with [...]
Westminster bins new parking fee January 18, 2012 Westminster Council will today officially scrap its plans to charge motorists for off-peak parking in the West End. The council had set up a commission to look at the new charge, but was facing opposition from local businesses and workers. Colin Barrow, the outgoing council leader who said last week he would step down, is [...]
British doctors could strike January 18, 2012 Britain’s doctors could go on strike for the first time since the 1970s after the British Medical Association survey said two thirds of its members support industrial action. More than 80 per cent of doctors said the industry group should reject proposals to reform medical pensions. The BMA is due to meet on 25 February [...]
Economists: UK will barely grow in 2012 January 18, 2012 THE ECONOMY will register almost no growth in 2012, according to economists who have slashed previously rosy forecasts made just months ago, figures compiled by the Treasury showed yesterday. Growth forecasts were cut to 0.4 per cent on average for 2012, down from predictions of 0.6 per cent last month and a healthy two per [...]
Paypal delivers gains to eBay January 18, 2012 ONLINE auction house eBay has banged the gavel on a solid fourth quarter which saw revenues increase by over a third to $3.4bn (£2.2bn). Largely helped by selling its remaining share in Skype, the majority of which was sold in 2009, eBay generated a net income of $2bn in the three months to 31 December. [...]
Peacocks rescue deal collapses January 18, 2012 Peacocks, the discount fashion retailer, has fallen into administration after talks of a rescue management buyout broke down putting more than 10,000 jobs at risk. KPMG said it had been appointed administrator to Peacocks, which owns 611 stores and 49 concessions across the UK, and will now seek to find a buyer for the company [...]
Mitchell & Butlers gets warning over directors January 18, 2012 PUB GROUP Mitchell & Butlers has been issued a “red top” warning by the Association of British Insurers (ABI), due to concerns stemming from the British company’s position as the only FTSE 350 firm without any independent non-executive directors. ABI’s highest-level alert comes days before Mitchell & Butlers’ general meeting, scheduled for next Thursday, when [...]
Fidelity calls for investor pay controls January 18, 2012 ASSET manager Fidelity Worldwide Investment has called for all boardroom bonuses to require at least 75 per cent shareholder approval in an attempt to limit excessive payments to directors. Fidelity – which manages assets of £165.5bn and over 740 funds – says directors should seek the approval of three quarters of shareholders in order to [...]
