Yeo claims BP was victim of over-reaction September 15, 2010 TIM Yeo, chairman of the energy and climate change select committee, has said there was “a degree of over-reaction”over the Gulf of Mexico oil spill after outgoing BP chief executive Tony Hayward was quizzed by MPs yesterday. Yeo said BP was the “unwitting victim” of US domestic politics after Hayward told the parliamentary committee that [...]
Coalition must up green tax breaks August 1, 2010 A City accountancy firm has rounded on the coalition government for not doing enough to tackle climate change via generous green tax relief measures. UHY Hacker Young says this morning that green tax breaks for businesses currently make up a tiny 3.5 per cent proportion of the amount raised by the government in green taxes [...]
Ed Miliband in living wage pledge August 22, 2010 Ed Miliband, the Labour leadership contender, has said he would make the government’s corporation tax cut conditional on firms paying a “living wage” of at least £7.60 an hour. “The government is already cutting corporation tax from 28 per cent to 24 per cent, let’s make that conditional on companies paying a mimum wage,” the former [...]
Tired Swann has plans for Sehwag February 23, 2011 ENGLAND spinner Graeme Swann admits he’s been slow to adjust to the challenges touring India presents following a hectic few weeks. The 31-year-old celebrated the birth of his first child last week, but 48 hours after his new arrival he was jetting off to the subcontinent to spearhead England’s World Cup challenge. “The change of [...]
Tired Swann has plans for Sehwag February 23, 2011 ENGLAND spinner Graeme Swann admits he’s been slow to adjust to the challenges touring India presents following a hectic few weeks. The 31-year-old celebrated the birth of his first child last week, but 48 hours after his new arrival he was jetting off to the subcontinent to spearhead England’s World Cup challenge. “The change of [...]
No double dip but UK faces weak recovery March 3, 2011 BRITAIN’S recovery looks set to be weighed down by sluggish growth, the latest business surveys suggest. The economy is on course to grow by 0.5 per cent this quarter, according to Markit’s surveys, rebounding from the snow-affected 0.6 per cent contraction in the final three months of last year. Yet much of the recovery is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 31, 2011 FINANCIAL TIMES TOPAZ POSTPONES $1.7BN FLOTATION Topaz Energy & Marine, one of the biggest oilfield service companies in the Middle East, has pulled its $1.7bn flotation in London less than a month after announcing its intention to list, becoming the latest corporate victim of the civil unrest sweeping the region. Oman’s Renaissance Services blamed the [...]
Deutsche eyes EU greens August 11, 2010 Alternative energy investment prospects have shrivelled in the United States after the Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said. “You just throw your hands up and say… we’re going to take our money elsewhere,” said Kevin Parker, global head of the bank’s Deutsche Asset Management Division. [...]
Alan Johnson to be shadow chancellor October 8, 2010 Labour leader Ed Miliband has chosen Alan Johnson as his shadow chancellor, while Ed Balls will take on the shadow home secretary role. Yvette Cooper will be shadow foreign secretary. Cooper and Balls had been tipped as front runners for the shadow chancellor role, which has been handed to Johnson, a former home secretary. Meanwhile [...]
Middle class benefits set to be slashed as cuts begin October 3, 2010 THE Prime Minister yesterday hinted that “middle class” benefits like child support could be scaled back to pay for the biggest overhaul of the welfare state in 40 years. David Cameron signalled that some universal payouts wouldn’t be “affordable” if the government pursues root-and-branch reform of the benefits system. Cameron’s comments come after the Treasury [...]