Public sector pensions need overhaul: CBI April 5, 2010 PUBLIC sector pensions need a complete overhaul to create a more affordable retirement system for government workers and to contain a trillion pound burden on the taxpayer, the Confederation for British Industry (CBI) argues in a new report published today. Research from the business lobby showed that because these pensions include an unpredictable guarantee from [...]
WHAT IS THE FUTURE FOR PUBLIC SECTOR PENSION REFORM? April 5, 2010 CORIN TAYLOR | INSTITUTE FOR DIRECTORS Public sector pensions are unsustainable – they are costing too much and there is an unfair divide between the private and public sectors now the latter’s pay is at, or above, private sector levels. You must protect existing accrual but a scheme has to reflect the reality of an [...]
Global banking levy could come in by November April 5, 2010 BRITAIN could sign up to an international banking levy as soon as the November meeting of G20 leaders at Seoul, Prime Minister Gordon Brown said yesterday. The UK, France and Germany are understood to be agreed on the argument for a “global responsibility” tax that would cost the likes of Goldman Sachs, Barclays and JPMorgan [...]
Woods makes heartfelt apology after ending exile April 5, 2010 TIGER WOODS last night apologised to his fellow professionals in a heart-warming first press conference since his self-imposed exile from the game amid lurid revelations about his private life. The world No1 told how he had been “blown away” by the reception of the crowd after walking out on the Augusta course for a practice [...]
Malpractice rules tougher on employers April 5, 2010 CHANGES to whistleblowing procedures implemented today will place an increased burden on employers, who are now set to face joint scrutiny by employment tribunals and regulation bodies. Today’s changes will allow whistleblowers who make malpractice complaints against their employer to now involve the relevant regulator, including the Financial Services Authority (FSA), the Information Commissioner, Health [...]
Hughton hails high-flying Magpies as Newcastle land Premier League return April 5, 2010 NEWCASTLE boss Chris Hughton last night spoke of his “incredible feeling” after celebrating the club’s return to the Premier League at the first attempt. The Magpies were guaranteed a top-two place without kicking a ball after Nottingham Forest drew 0-0 with Cardiff. It capped a remarkable turnaround for the club, whose 16-year stay in the [...]
EU membership is still a necessity for the UK April 5, 2010 AS inhabitants of an island state with a strong sense of identity, some people in the UK are wary of the European Union. Vetoed by De Gaulle throughout the 1960s and separated by 26 miles of English Channel, they see themselves as outsiders peering in. So, when President Sarkozy said that the appointment of a [...]
Four more fights and that’s my lot, vows champ Haye April 5, 2010 BRITAIN’S world heavyweight champion David Haye has set himself a four-fight target before taking early retirement. Haye came through the first defence of his WBA crown with a ninth round stoppage of American John Ruiz in Manchester on Saturday. But at the tender age of 29, the Hayemaker is already planning to hang up his [...]
Hamilton’s happy after Malaysia effort April 5, 2010 LEWIS HAMILTON insists he is happier than ever behind the wheel despite a stuttering start to the new season. The McLaren ace endured a miserable time in Australia last week when he was caught dangerous driving by police before then criticising his team’s tactics after trailing home in a disappointing sixth in Melbourne. Hamilton repeated [...]
CODEMASTERS?CRACKS?SALES?CODE April 5, 2010 Indian conglomerate Reliance ADA has taken a stake in Codemasters, the British computer games company behind Lord of the Rings Online and Formula One. Codemasters said Reliance Big Entertainment, and the software company’s existing investor, Balderton Capital, would each hold 50 per cent. Reliance Big’s gaming division, Zapak, headed by Rohit Sharma (pictured), will oversee [...]
