High street sales jump September 28, 2010 THE British high street enjoyed a surprisingly healthy September, according to the CBI’s distributive trades survey with the balance of retailers reporting that sales were higher compared to a year earlier rising to the highest level since May 2004. A net 49 per cent said that sales volumes were greater than a year earlier thanks [...]
Government launches green deal September 21, 2010 Energy secretary Chris Huhne yesterday announced plans to create almost 250,000 jobs in green industries as part of the coalition’s drive to be “the greenest government ever”. Speaking at the Liberal Democrat conference in Liverpool, he said the “green deal” would lead to thousands of workers modernising around 26m homes to make them more energy [...]
Government launches green deal September 21, 2010 Energy secretary Chris Huhne yesterday announced plans to create almost 250,000 jobs in green industries as part of the coalition’s drive to be “the greenest government ever”. Speaking at the Liberal Democrat conference in Liverpool, he said the “green deal” would lead to thousands of workers modernising around 26m homes to make them more energy [...]
TfL brings in extra services November 2, 2010 LONDONERS trying to beat today’s underground strike will be able to make use of over 100 extra buses, 10,000 more places on riverboat services and a Tube service operating at 40 per cent capacity, Transport for London (TfL) has said. The strike is due to end at 9pm today after a 24-hour walk-out. However, TfL [...]
Tucker: Bank to hold fire on withdrawing stimulus October 25, 2010 DEPUTY governor of the Bank of England Paul Tucker said yesterday that the central bank is unlikely to start withdrawing support from the UK economy in the near future, given the uncertain nature of the recovery. Tucker said the recovery would be “bumpy and uneven” because of “reasonably strong” headwinds, despite a strong rebound from [...]
CBI criticises City excesses March 30, 2010 BANKS and other businesses need to look in the mirror and realise how their actions might be viewed by the general public, Britain’s largest employers’ group said yesterday. Richard Lambert of the CBI warned the obsession with creating short-term shareholder value through unnecessary mergers, high-risk trading activities and excessive executive remuneration had eroded taxpayers’ trust [...]
Green stealth tax bombshell stuns business October 21, 2010 BUSINESS leaders were left stunned by what they called a green “stealth tax” following news by the government on Wednesday that it would keep the revenue raised from the Carbon Reduction Commitment (CRC) rather than recycle cash raised back into scheme. Richard Lambert, director-general of the Confederation of British Industry (CBI), attacked the proposals saying: [...]
BP’s Bob Dudley outlines post-spill risk strategy October 24, 2010 THE NEW chief executive of oil giant BP will today use his first official speech in the UK to lay out his commitment to radically shake up the company’s safety and risk operations in the wake of the Gulf of Mexico spill. Bob Dudley, who officially took over from much-vilified former chief executive Tony Hayward [...]
Miliband calls for return to industrial intervention October 24, 2010 THE GOVERNMENT should take a more active role in the private sector, Ed Miliband will say today, as he warns against returning to “business as usual” in the wake of the slump. Speaking at the CBI’s annual conference, Miliband will argue that government should not shy away from pursuing a policy of industrial interventionism. “What [...]
ECONOMIST VIEWS: WILL GDP GROWTH HOLD UP DURING THE REST OF 2010? October 26, 2010 ROSS WALKER | RBS These things are never linear – it’s not unusual to get erratic data at a turning point. We are going to see a rebalancing of the economy, which is an awfully good thing but also involves a bit of pain. GRAEME LEACH | INSTITUTE OF DIRECTORS The GDP numbers are better [...]