Archives September 2021

Donald Trump inauguration: Global leaders react to the new President

In the meantime, world leaders have been sending messages of congratulations to Trump. Here’s a roundup of how his new colleagues on the world stage have reacted.Next door neighbourCanadian Prime Minister Justin Trudeau said: “On behalf of the government of Canada, I would like to extend my congratulations to Donald J. Trump on his inauguration as 45th President of the United States of America.“Canada and the United States have built one of the closest relationships between any two countries in the world. This enduring partnership is essential to our shared prosperity and security.“Together, we benefit from robust trade and investment ties, and integrated economies, that support millions of Canadian and American jobs. We both want to build economies where the middle class, and those working hard to join it, have a fair shot at success.”Trudeau added: “Canada and the United States have unparalleled cooperation on matters of national security, and have always worked side by side to protect our citizens and ensure our shared border is secure. Donald Trump inauguration: Global leaders react to the new President whatsapp Share The official inauguration is over and Donald Trump has been sworn in as the 45th President of the United States. The Obamas have left Washington for a holiday in California and the Trumps will now have lunch with visiting dignitaries ahead of a parade and concert later this evening.  Caitlin Morrison Bohuslav Sobotka, the Prime Minister of the Czech Republic, said the US and Europe need to quickly settle into a new partnership in order to tackle terrorism.https://twitter.com/SlavekSobotka/status/822491323253084161 Need for common ground Friday 20 January 2017 6:26 pm And Indian PM Narendra Modi said he looked forward to strengthening the ties between India and the US. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesTop 10 Date Night In Movies & Films Of All TimeUndo10 Amazing RVs You Won’t Want To MissUndoCoolest Home Gadgets You Need To SeeUndoby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoPost FunCops Called To Investigate Smell From Abandoned House Didn’t Expect To Find ThisPost FunUndoPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndo whatsapp “We look forward to working with President Trump, the US Administration, the 115th Congress, and officials at the state and local levels to restore prosperity to the middle class on both sides of the border, and to create a safer and more peaceful world.”Building bondsJapan’s Prime Minister Shinzo Abe offered his “heartfelt congratulations” and said he hoped to build upon the relationship established with Trump at their meeting in November.”I look forward to working hands in hands with you to ensure peace and prosperity of the Asia-Pacific region and to address various challenges the international community faces,” Abe said.”In the 21st Century, while the Asia-Pacific region is the source of the global economic growth, the security environment of the region is becoming severer. The Japan-US Alliance, bound in universal values such as freedom, democracy, human rights, and the rule of law, is playing even greater role.”The Japan-US Alliance is the linchpin of Japan’s foreign and security policies. I would like to further strengthen the unwavering tie between Japan and the United States based on the relationship of trust between us the two leaders.” read more

Sky takeover: 21st Century to lodge deal papers with European authorities, firing the starting pistol on regulatory approval process

And while Sky News would be part of the latest deal, Cartlidge did not foresee a similar requirement. He said: “Ownership of Sky News is arguably less critical now, given how many other sources of news exist today – and the case for this is even stronger than it was in 2011. “Not only is the phone hacking scandal receding into history, but a much-weakened Labour party is unlikely to exercise much influence on the government, which may also be anxious to retain Murdoch support for its Brexit policy.”Read more: 21st Century Fox takeover of Sky unlikely to be blocked, say media analystsOne of the plurality concerns raised by Ofcom in 2011 was the combination of Sky News with News Corporation’s print titles. At the time, this led to reports Sky was planning spin-off its news channel will a separate float on the Aim. Read more: Murdoch swoops: 21st Century Fox agrees Sky takeover dealIf, as expected, Bradley decides to review the deal, she will hand it over to regulator Ofcom and competition authorities. The watchdog will have 40 working days to prepare its analysis and report back to government.Ofcom reviewed the last incarnation of Murdoch’s attempt to take control of Sky in 2011. The regulator raised concerns over “media plurality” of bid by News Corporation to buy the part of BSkyB it didn’t already own.But the deal collapsed before a final decision was made by the government, under the weight of the phone hacking scandal at some of News Corporations print publications such as the News of the World.On the latest deal, a cross-party group of politicians have called Ofcom to review whether Sky chairman and Fox chief executive James Murdoch meets the UK broadcasting licence “fit and proper” test.Different political climate Wednesday 1 March 2017 4:36 pm Bradley declined to speculate on what she would do if and when Fox formally kicked off the process.“Until a formal notification is made to the appropriate authorities it’s impossible for me to make any judgement at all,” she told the BBC. Share Experts expected the takeover may run more smoothly this time. Howard Cartlidge, the head of EU and competition at law firm DWF said: An investigation by Ofcom is likely. But given the very different political climate we’re operating in today, I’ll be surprised if the deal isn’t cleared this time Sky takeover: 21st Century to lodge deal papers with European authorities, firing the starting pistol on regulatory approval process Rupert Murdoch’s 21st Century Fox will take one step closer to sealing its takeover of Sky by lodging documents with European authorities this week.Fox is expected to ask Brussels to approve the deal, a move that starts the clock on 10-day window for culture secretary Karen Bradley to open an investigation into the £11.7bn bid to take control of the shares in Sky it does not own. Meanwhile, the settlement provisionally reached for the last bid for Sky – which provide for the separation of Sky News from NewsCorp’s newspaper interests – has effectively already happened through the split of 21st Century Fox and ‘new’ NewsCorp. whatsapp Oliver Gill whatsapp read more

Men shouldn’t be shut out of the diversity debate

City A.M. Reporter whatsapp And none of this is going to be fixed without the active participation of men. Placing the burden of improving gender equality on the shoulders of women, as AllBright’s critics subconsciously do, both increases their unpaid workload and enables men to dodge responsibility for tackling the problem.AllBright co-founder and serial entrepreneur Debbie Wosskow has stood by her decision. According to her, “having Allan on board demonstrates the need for men like him to be part of the solution in helping to change the economic landscape for women”. She’s absolutely right.Of course, the business should be judged on the service it offers to its members, rather than the makeup of its leadership team. And an independent members’ club is unlikely to have much impact on equality without the continued work of businesses themselves.But as Wosskow continued on Twitter, “bringing enlightened men with us is the way we make a change for women”. And that’s an attitude both men and women in the City should be proud to get behind. T​ake AllBright, a female-founded group aimed at celebrating and supporting women in business. AllBright runs training and networking events for women – its tagline is “making the UK the best place to be a female leader”.This week, it has come under fire for appointing its first chairman: Allan Leighton.There has been much online criticism about the decision to hire a man to lead a women’s group, and the Women’s Equality Party said it seemed “at odds” with AllBright’s “mission to change the way the world thinks about female-led businesses”.On the contrary, Leighton’s appointment reveals exactly why it’s important to involve men in the fight for gender equality. Because if we are to change the way the world thinks, we can’t exclude people who want to be part of that change on account of their gender.No one is denying that the City has work to do. The FTSE 100 only has 25 full-time female executives, and the FTSE 250 just 30. From pay gap statistics that, though crude, show a lack of women at the top, to assumptions about childcare, to tenacious stereotypes about male and female workers, the playing field as it stands is far from level. Share Monday 6 August 2018 3:07 pm How improve gender representation in business? It’s a challenge the City, with its historically male-dominated culture, has been grappling with for some time.From all-male boards to the debate around gender pay gaps, no firm can afford to be complacent. Some City women have taken it upon themselves to provide space and support for female entrepreneurs. whatsapp Men shouldn’t be shut out of the diversity debate read more

Ruth Davidson rules out ever becoming Conservative leader

first_imgSunday 16 September 2018 10:12 am Louis Ashworth whatsapp Share Asked whether she would like to succeed Theresa May, Davidson said: “You have to want it, and I don’t want to be prime minister… I value my relationship and my mental health too much for it. I will not be a candidate.”The 39-year-old pushed back against suggestions she is considering moving to becoming a Westminster MP, adding: “the idea that I would have a child in Edinburgh and then immediately go down to London four days a week and leave it up here is offensive, actually offensive to me.”Read more: Labour will vote against Theresa May’s Brexit deal, says Emily ThornberryDavidson’s declaration will deflate some of the Conservative Party’s moderates, who had seen her as a popular and widely-appealing candidate to take on its top job after May. As leader of the party in Scotland, Davidson achieved a remarkable reversal in its fortunes: taking it from just one seat in 2015, to 13 in last year’s General Election — making it Scotland’s second-largest party by seats.Speculation about May’s position as prime minister has been rife for almost all of her term, stirred up particularly in recent weeks by growing pressure from the right of the party over her handling of the Brexit negotiations, and widespread suggestions that former foreign secretary and mayor of London, Boris Johnson, is preparing to move against her.center_img Members of the ultra-pro-Brexit European Research Group (ERG) met last week to discuss a leadership challenge against May, but several key ministers have stood by her, defending her signature Chequers proposals for negotiations with the European Union.In a new interview with the BBC, set to broadcast tomorrow, May said she gets a “little bit irritated” with constant rumours about her position. She told Panorama: “debate is not about my future. This debate is about the future of the people of the UK and the future of the United Kingdom.”Elsewhere in the interview, which coincided with the release of extracts from her first memoirs, Davidson – who previously worked for the BBC as a journalist, and served in the Territorial Army – spoke of the pressures of receiving personal abuse, and described herself as “very lucky” for having become pregnant during her first round of IVF treatment. Ruth Davidson rules out ever becoming Conservative leader Ruth Davidson, the leader of the Scottish Conservatives, has ruled herself out of ever making a bid to take the party’s top position, citing concerns about her family and mental health.Davidson, who is currently pregnant with her first child, told The Sunday Times of how she has been diagnosed with clinical depression aged 18, and had experienced “suicidal thoughts” afterwards. The newspaper reported that Davidson revealed self-harm scars on her arms during the interview. whatsapplast_img read more

Theresa May rejects Michel Barnier’s Irish border plan

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com Theresa May rejects Michel Barnier’s Irish border plan Owen Bennett Wednesday 19 September 2018 4:54 pm whatsapp The EU’s chief negotiator Michel Barnier has been seeking to “de-dramatise” the issue of how to avoid a hard border between Northern Ireland and Ireland if no trade deal is agreed between the UK and Brussels.The EU believes Northern Ireland should effectively stay part of the Single Market and customs union to prevent a hard border being created, with checks on goods being carried out on mainland Britain.May has described this as unacceptable as it would put a customs border between one part of the UK and another – leading to a stalemate between the two negotiating teams.Barnier said on Tuesday he was “ready to improve” his offer to the UK by conceding that customs checks could take place in factories and forecourts away from the border.But according to the Financial Times, an ally of May has dimissed this proposal, saying: “There is nothing new here.” Ahead of an informal gathering of EU leaders in Salzburg, Austria, on Wednesday afternoon, May used an article in the German newspaper Die Welt to appeal for fresh-thinking on the border issue.She wrote: “To come to a successful conclusion, just as the UK has evolved its position, the EU will need to do the same,” before adding: “Neither side can demand the unacceptable of the other, such as an external customs border between different parts of the United Kingdom.”May will also appeal directly to EU leaders over dinner on Wednesday evening, asking them to imagine how they would feel if their country was effectively “carved up”.The Irish border issue is threatening to thwart the signing off of the withdrawal agreement between the UK and the EU.Without that document agreed, the two sides are unable to strike a trade deal, raising the risk of the UK leaving the EU on World Trade Organisation terms in March 2019. Share whatsapp Theresa May is set to shoot down Brussels’ attempt to diffuse the Northern Ireland border row amid claims the EU’s plan would still divide the UK. Speaking ahead of the Salzburg summit, European Council President Donald Tusk called for the UK’s position on the Irish border to be “reworked”.He announced an additional summit would be scheduled for mid-November to give the two sides more time to negotiate. Tags: Brexit Donald Tusk People Theresa Maylast_img read more

Michel Barnier tells UK to abandon free trade plans to get Brexit deal

first_img whatsapp whatsapp Owen Bennett Speaking in Brussels, Barnier said a full customs union between the UK and the EU would solve the controversial Irish backstop issue as no new checks would be needed on goods crossing the border on the island.Such an arrangement would all but end May’s chances of securing free trade deals with other countries.Barnier also hit out at May’s post-Brexit plan to keep the UK aligned to the EU on goods but not other areas as it would give British business “a major competitive advantage” over its European counterparts.Commenting on the Irish backstop, Barnier said the EU’s plan to keep Northern Ireland in the Single Market and customs union would help keep the border invisible – a goal of both sets of negotiators.He said: “The future relationship itself might mitigate the checks and even make some unnecessary. “For instance a veterinary agreement between the EU and the UK would mean less frequent inspections of live animals.”And we are still open – we are still open – to the idea of having a customs union with the UK. Such a customs union would eliminate an important part of customs checks.”May has ruled out any agreement which could see customs or regulatory barriers being erected between Northern Ireland and mainland Britain.Despite his calls for major shift in the UK’s negotiating position, Barnier claimed a Brexit deal could be agreed by next Wednesday’s European Council summit. Theresa May must abandon her plans for free trade deals with the rest of the world in order to get a Brexit deal, the EU’s chief negotiator Michel Barnier said yesterday. Michel Barnier tells UK to abandon free trade plans to get Brexit deal Wednesday 10 October 2018 7:48 pm Tags: Brexit People Theresa May Sharelast_img read more

Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit

first_img Hammond said earlier today he would use fiscal buffers to boost the economy under a no deal scenario and “strike out in a new direction”. He has previously suggested that the UK would pursue lower taxes and a reduced regulatory burden in order to lift its global competitiveness, potentially undercutting European rivals. August Graham “If we don’t get a deal… [then] we would need to take a different approach to the future of Britain’s economy,” Hammond said yesterday.”We would need to look at a different strategy and frankly we’d need to have a new budget that set out a different strategy for the future.”He said that Office for Budget Responsibility projections, upon which today’s Budget is based, assume that Britain will negotiate an “average-type free trade deal”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror Sunday 28 October 2018 8:04 pm Chancellor Philip Hammond delivers his latest Budget tomorrow, but has warned that he will be forced to take an entirely different approach if the UK and the European Union fail to agree a Brexit deal. Speaking to Sky News, the chancellor insisted it was “extremely unlikely” that the UK would leave the EU without a deal, despite political stalemate over the Irish border.”No one is more committed to getting a deal than me and the prime minister. This is absolutely in the best interest of the British people,” he said.However, in the event of a cliff edge, “we would take appropriate fiscal measures to protect the economy, to prepare us for the future and to strike out in a new direction that would ensure that Britain was able to succeed whatever the circumstances we found ourselves in.”Last year Hammond told a German newspaper that the UK could move away from European-style tax and regulations if deprived of a Brexit deal. “If we are forced to be something different, then we will have to become something different,” he said at the time. “We could be forced to change our economic model, and we will have to change our model to regain competitiveness. And you can be sure we will do whatever we have to do.”Hammond promised that he has put aside a sufficient reserve of fiscal power to allow Britain to weather any potential problems. whatsapp “If the economy as the result of a no deal Brexit, or indeed because of something else that we haven’t anticipated, needs support over the coming months and years, I have the capacity to provide that support,” he said.City analysts have also raised the prospect of a ‘deal dividend’ – claiming that political agreement between the EU and UK could release spending decisions that have been put on hold during the negotiations.Brexit-backing Tory MP Bernand Jenkin told City A.M. that “any restoration of certainty is likely to release significant investment [in the economy] which has been held off by uncertainty around Brexit.” Share whatsapp Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: Brexit People Philip Hammondlast_img read more

EU leaders split on plans for a European digital tax

first_imgTuesday 6 November 2018 3:01 pm “It is very difficult to see an agreement on the digital tax because so many technical issues are not solved yet,” said Danish finance minister Kristian Jensen.”Of course there will be a reaction from the US,” he added, stipulating the measure was “not a good idea for Europe”.The UK and other countries, such as Spain and Italy, have already promised to implement their own version of the tax.The news follows comments made by UK chancellor Philip Hammond last night, which defended the country’s digital services tax international reach.He said while the measure is a “subject for debate” between the UK and US, there are similarly extraterritorial efforts included the US tax reform act which are “arguably discriminatory against non US companies”. whatsapp Share EU leaders split on plans for a European digital tax More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgcenter_img He also recognised that while the EU is struggling to reach consensus, “everyone recognises its a problem”.French finance minister Bruno Le Maire has been outspoken on the issue, and today said France would only hold off implementing its own digital services tax if a deal is reached between EU members by the end of this year. EU member states have failed to reach a consensus on imposing an EU-wide digital services tax, which affects firms such as Facebook and Alphabet, over fears of potential US retaliation.The plan, which requires approval from all 28 EU member states, is opposed by many. The levy would see a three per cent tax placed on the revenue of large tech firms, many of which originate in the US. Emily Nicolle whatsapp Tags: Alphabet Facebook People Philip Hammond Taxlast_img read more

New visa for architects as trade body calls for ‘drastic reform’ of UK immigration system post-Brexit

first_imgThursday 10 January 2019 12:07 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com James Booth RIBA chief executive Alan Vallance said: “Without drastic reform, the UK risks turning inwards and cutting itself off from the world. In addition to the recommendations laid out in our report, we are calling on politicians to be open about the benefits of migration to our society – it is vital to the success of not just our businesses, but the places and spaces that architects create for our communities.” New visa for architects as trade body calls for ‘drastic reform’ of UK immigration system post-Brexit Sharecenter_img Roger Gherson, of immigration law firm Gherson, said the introduction of the scheme was a “step in the right direction” but said it would only “apply to a limited number of people”.Research by Riba published today showed 86 per cent of architects think that access to international skills and talents is key to the future of the sector which is worth £4.8bn to the UK economy.The research showed almost half of EU architects in the UK have considered leaving as a result of the Brexit referendum and there was a 42 per cent drop in new architects registering in the UK since 2016.Riba warned that architecture could face a severe talent gap with EU architects required to apply for Tier 2 visas, for which only five per cent of applications were accepted between November 2017 and April 2018.In its report, Riba made a number of recommendations, including lifting the cap on the number of available Tier 2 visas and making immigration a joint responsibility between the Home Office and the department for Business, Energy and Industrial Strategy with a minister for immigration attending cabinet. whatsapp The Home Office launched a visa scheme for exceptional architects today as the Royal Institute of British Architects (Riba) argues UK immigration legislation needs a drastic overhaul post-Brexit to safeguard the £4.8bn industry.From today architects will be able to apply for Tier 1 (exceptional talent) visas – the first bespoke immigration category available for architects. whatsapp Tags: Brexit UK immigrationlast_img read more

Carillion one year on: Government outsourcers are still struggling with growing debt piles

first_imgThe money is spent on a vast spectrum of things, from goods such as stationery and medicine to the construction of schools and roads, and from back office functions such as IT and HR to frontline services such as probation and social care, said think tank Institute for Government.But such is the Cabinet Office’s fear that another major outsourcer might go bust that it is encouraging companies to write so-called living wills – which Capita, Serco and Sopra Steria have already agreed to do – to ensure contingency plans are in place in case they suffer the same fate as Carillion. “This is comfortably within our target range of one to two times and well below our covenants which allow up to 3.5 times.”Unlike many of its rivals, less than half of Serco’s business is in the UK but rather split over four geographies, and Barclays analysts say it outperformed its competitors by over 30 per cent during 2018.However, 2018 revenue is expected to fall by four per cent on the year before as the company seeks to return to growth, starting 2019 by winning a £1.9bn Home Office contract to provide a decade’s worth of accommodation and support for asylum seekers across the UK.Read more: Interserve share price plummets as it admits rescue refinancing planLast month, it was revealed that the government ploughs £284bn – almost one-third of its overall budget – into work done by external suppliers every year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.cominvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.com whatsapp whatsapp Carillion one year on: Government outsourcers are still struggling with growing debt piles Tuesday 15 January 2019 12:11 amcenter_img On the anniversary of Carillion’s collapse, government outsourcers are still reporting ballooning debt levels as they try to balance the books.Kier Group, Interserve, Serco, Sodexo and Sopra Steria, who are all on the government’s list of strategic suppliers for 2019, have taken on hundreds of millions of pounds worth of debt in the last three years. French outsourcer Sodexo, which provides catering and cleaning services, reported last year that its €407m (£369m) debt in 2016 had more than trebled to €1.26bn, though this remains within its target range.Fellow French firm Sopra Steria has also reported net debt growing by £142m, though a spokesperson said its net financial debt had most recently fallen to 1.8 times its earnings before interest, tax, depreciation and amortisation (Ebitda), down from 1.9 times in June 2017.British company Mitie managed to cut its net debt by £6.8m last year, but it still stood at £186.7m at the end of September.Even Rupert Soames’ outsourcer, Serco, which delivered a bullish trading update last month forecasting a 30-40 per cent increase in underlying profit for the year, has seen debt increase from £109.3m in 2016 to £200m in its last update.”Serco’s net debt to Ebitda leverage ratio is expected to be under 1.3 times at the end of the year,” a spokesperson for the company said. Share Interserve, which builds schools and hospitals, has seen its net debt more than double since 2016 from £274.4m to £650m, after taking on several loss-making contracts to build waste-to-energy facilities, an industry it is now exiting.Read more: Can Interserve clean up its mess, or is it destined for the same fate as its failed rival Carillion?Last month the embattled contractor admitted it was in refinancing talks with its lenders to bail it out, causing its share price to slump to record lows.Meanwhile, construction outsourcer Kier Group’s net debt has skyrocketed from £179m in 2016 to its most recently reported figure of £624m at the end of October, though cashflow seasonality means the figures are not like for like.The company announced a rights issue at the end of last year to try to raise money, but only one-third of investors took up its offer of buying heavily discounted shares, raising £250m. Alex Daniel Tags: Capita Carillion Company Interserve Kier Group Mitie Group Serco Grouplast_img read more