M&S lines up new chairman to replace Rose

first_img M&S lines up new chairman to replace Rose Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL Share Show Comments ▼ Friday 20 August 2010 8:49 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdDo It Houses[Pic] The Most Remarkable Dress Outfits EverDo It Housescenter_img Marks & Spencer is to name Robert Swannell as Sir Stuart Rose’s successor as chairman, according to Sky News. It said Swannell, currently a senior advisor of Citi Europe and chairman of HMV Group, the music and books retailer, would take up the role when Rose steps down next year.A spokeswoman for M&S declined to comment on the report. whatsapp whatsapp John Dunne last_img read more

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Oracle in talks to hand former HP boss new role

first_img ORACLE has offered a job to Mark Hurd, the former chief executive of Hewlett-Packard who resigned amid a scandal involving inaccurate expense receipts related to a female contractor.It is understood that a final decision has not yet been made. Oracle was not immediately available for a comment.Hurd resigned early last month, after a probe into sexual harassment allegations. HP said he filed inaccurate expense reports related to Jodie Fisher, a marketing contractor who worked for Hurd’s office from 2007 through 2009.It is understood that Hurd had received job overtures from private equity firms and public companies immediately after his shocking departure from HP, the world’s largest technology company by revenue. It is unclear what job Hurd was offered.Plucked from relative obscurity to head HP, Hurd is credited with resuscitating the technology giant by cutting costs and pursuing ambitious acquisitions.HP said the expense reports were meant to hide a “close personal relationship” with Fisher. Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Oracle in talks to hand former HP boss new role whatsapp KCS-content Share Sunday 5 September 2010 10:09 pm Tags: NULL whatsapplast_img read more

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STARS TURN A HAND TO WHEELER DEALING AT BGC’S CHARITY DAY

first_img STARS TURN A HAND TO WHEELER DEALING AT BGC’S CHARITY DAY KCS-content “This was the trendy thing to do when I was growing up,” Boris boomed, “and I thought I’d definitely end up doing something similar as it was the only way I’d make any money…” Instead, of course, the mayor went into journalism and then politics, culminating in his pipping Ken Livingstone to take over City Hall a few years back. And who should turn up as another guest at the charity day but “Red” Ken himself, though he arrived as far apart as possible from Boris as the last guest of the day.Ken, who seemed confident of beating Boris to the Mayorship if he is chosen to run for re-election as the Labour party candidate, couldn’t resist the chance to have a mischievous dig at his arch-rival.“I’m interested in selling Boris Johnson,” he quipped on the phone to a trader, before chuckling at The Capitalist’s suggestion that BGC’s brokers would have loved the pair to come in at the same time and treat them to a competitive arm wrestle.“I don’t know about an arm wrestle but I reckon I could take him at press-ups,” he countered, throwing down the gauntlet.CELEBRITY APPEALJoining the pair on the day were a raft of other famous faces. Chef Gordon Ramsay kept a lid on his notoriously colourful language as he doled out culinary advice to traders on the other end of the phones (“Everyone wanted advice on roasting a joint – which is always to let it rest – and one person even asked me about blanching courgettes,” he quipped), while footballing veteran Sir Trevor Brooking bantered with West Ham and rival fans alike. Presenter Jonathan Ross and entertainer Christopher Biggins boasted of closing £1bn two-week gilts deals, while DJ Johnny Vaughan tapped into the testosterone-heavy atmosphere by cheekily attempting to “sell” his radio co-host Lisa Snowdon’s pert rear end.Ex-Scots footballer Kenny Dalglish also dropped by, as did cricketer Phil Tufnell, rugby star Steve Borthwick, TV presenter Amanda Holden, pint-size comedian Ronnie Corbett, Girls Aloud singer Nicola Roberts and – a surprise smash hit with the staff – the Cheeky Girls. whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodaySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads TRIUMPH in the face of adversity yesterday at the Canary Wharf offices of inter-dealer broker BGC Partners, as fate chose the firm’s annual charity day to bestow upon it an inopportune instance of telecommunications failure. Half of BGC’s poor brokers battled for the entire day with faulty phones, with the system swapping calls between the various open lines willy-nilly and, in some cases, cutting off the lines entirely for hours on end.All credit to the hardy chaps and chapesses, then, that they kept smiling despite the problems. The event was initiated after the firm’s parent Cantor Fitzgerald lost 658 staff in the 9/11 World Trade Center attacks in New York.“This is always a day of mixed emotions, of celebration and remembrance,” said president Shaun Lynn. “It is a time to remember those we lost, at the same time turning it into something positive.”BGC hopes to announce this morning that it raised around $10m (£6.48m) for charities worldwide.PRESSURE POINTKicking off the day’s dealing on the celebrity front was London Mayor Boris Johnson, who arrived at the crack of dawn looking bleary-eyed and demanding a bucket of coffee. A short while later, a fully-caffeinated Boris hit the phones, regaling the brokers with tales of his youthful aspirations to go into the industry. whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Monday 13 September 2010 7:54 pm Tags: NULLlast_img read more

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National Express granted extension for East Anglia

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald The Department of Transport yesterday granted National Express a 28- week extension on its East Anglia rail franchise. East Anglia services run between London’s Liverpool Street Station and Eastern England destinations, including Peterborough and Norwich. It was announced by the Labour government in late 2009 that National Express would have its seven year franchise agreement terminated three years early on 31 March 2011. This was seen as a punishment after the company defaulted on the £1.4bn East Coast Main Line franchise in 2009.National Express chief executive Dean Finch said: “We are pleased to have been given this initial extension and to be able to continue to serve our customers on the East Anglia franchise.”City analysts said the move could represent a thawing of relations with the government. The shares ticked up a penny to close at 246.9p last night.Speaking to City A.M., general secretary of the Rail and Maritime Transport Union (RMT) Bob Crow called the extension agreement “outrageous”. whatsapp KCS-content National Express granted extension for East Anglia Tuesday 14 September 2010 8:39 pmcenter_img whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ Tags: NULLlast_img read more

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Enter the corporate entrepreneur: Britain’s best hope for real recovery

first_img Show Comments ▼ KCS-content whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Enter the corporate entrepreneur: Britain’s best hope for real recovery Sunday 17 October 2010 10:16 pm CO-FOUNDER, MARKET GRAVITYTHE UK’s recovery from the deepest recession in eighty years is dependent on sustained private sector growth. Corporate earnings may be recovering, but too much is due to cost cutting, not real growth, and this trend is not sustainable. Recent analysis from Market Gravity illustrates that while 75 per cent of FTSE 100 companies posted double-digit profit rises last quarter compared to a year ago, only 35 per cent of these firms grew revenues by more than 10 per cent during the same period. British executives are relying on efficiency measures to prop up poor sales; this will not translate into future shareholder returns. Enter the corporate entrepreneur. I am not talking about obnoxious contestants from The Apprentice or the millionaire tycoons on Dragons’ Den. Corporate entrepreneurs can be found in the corridors and meeting rooms of all of our largest companies. They are the unsung heroes of British business and they are building the foundations of our recovery.There are five major benefits that corporate entrepreneurs bring. First, they speed up the core business, delivering results faster and with greater customer focus. Second, they help to create the future business, finding effective ways to enter new markets without exposing the company to excessive risk. Third, they inspire talent and change cultures, drawing in exceptional people with similar mindsets. Fourth, they have an unrelenting focus on customers, are intuitive about what matters and often act as the customer champion. Finally, they take full accountability for delivering results, acutely aware of the commercial dynamics of their business.As a co-founder of business growth consultancy Market Gravity, I have worked with dozens of corporate entrepreneurs in companies such as Lloyds Banking Group, npower, Barclays, Centrica and RBS and I believe passionately in the positive role that they play. For example, Andy Hulme is exploiting consumers’ lack of confidence in major lenders by launching mortgages at Tesco Bank. If his team can satisfy the FSA’s tougher line on authorisations, they will start lending in the first half of 2011. By designing products that are “simple, transparent and reward customer loyalty”, Hulme and team aim to challenge the big four and become a full service retail bank.Our experience has now inspired us to join forces with author Polly Courtney, to write Defying Gravity, a business novel that charts the journey of a new venture inside a FTSE 100 company and celebrates the role of the corporate entrepreneur. Coming out of recession, it is vital that our largest companies apply an innovative and entrepreneurial approach. There are thousands of aspiring business-builders in UK corporations, but all-too-often large companies make it difficult for them to fulfil their potential.These people have the determination and talent to overcome internal barriers and unlock the inherent strengths of a big business. Organisations need to create the environment for them to excel. This often means separating new ventures from the core business to give them the freedom to grow. It is incredibly difficult to build a new business in an adjacent market if your focus is on hitting this month’s sales targets.Defying Gravity is fictional but is also punctuated with real-life insights and advice. We’ve tried to make it both entertaining and brutally honest. We wanted to illustrate the human side of business and inspire others to take on ambitious new challenges. The trials of our hero will be familiar to anyone who has battled to deliver a new project in a big company.In our story, lead character Tony Sharp is tasked with turning round a struggling business unit in a major telecoms company. Six weeks into the job, his division is under threat, his staff won’t take responsibility and his attempts to improve efficiency have had little effect. He soon realises that a more radical approach is required… But can he convince those around him to take the risk? Back in the real world, the bigger question is whether the thousands of managers in companies across the UK can do the same. I believe that in the face of global competition, they have no choice.The UK’s recovery is dependent on the success of corporate entrepreneurs. No longer can large companies rely on cut-backs to prop up their profits; they must seek new revenue streams to remain competitive and secure their future. Defying Gravity launches tomorrow, published by Troubador, £8.99.CHECKLIST: ARE YOU A CORPORATE ENTREPRENEUR?See if you have the right traits to be an effective Corporate Entrepreneur● It’s more important to lead my own project than receive a job promotion● I find ways to get around internal barriers rather than working within the rules● I’m happier when mapping out the direction than I am when getting into the detail● I’m more interested in leaving a legacy than in climbing the corporate ladder● I persuade others to help me work on problems rather than going it alone● I get impatient when things don’t happen fast enough rather than remaining calm and collectedThe more boxes you ticked, the more likely it is that you are a true corporate entrepreneur.BUSINESS HEROES | REAL-LIFE CORPORATE ENTREPRENEURS● RACHEL SHERIDANSheridan established new ways of working at game-changing fashion retailer Cocosa, a Bauer Media brand.Mantra: “Think like a competitor”Sheridan advises: “Once you’ve dealt with the internal politics and got the board onside, think like a start-up because that’s who you’re going to be competing with.”● LEE CLARKEClarke oversaw the creation of npower hometeam, the energy company’s new home service business.He is now General Manager of Forewind, a joint venture that is building the world’s largest off-shore wind farm in the North Sea, with the potential to generate 10 per cent of the UK’s energy.● VEERA JOHNSONJohnson led a self-selecting group of hard working risk-takers to build ProcServ, a spin-off from PA Consulting.Mantra: “No rules, no rank, no status”When something needs to be done, the whole team just get stuck in together to solve the problem. 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Rolls Royce fire to cost $500m

first_img whatsapp Rolls Royce fire to cost $500m Share More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content ROLLS Royce could face costs of up to $500m (£380m) in coming years as a result of the explosion last month in one of its Trent 900 engines.The estimate, drawn from aviation experts, includes the cost of redesigning engine parts and potential compensation to customers, according to the FT. It is considerably higher than the firm’s estimate of a $66m profit loss this year from the mishap.Rolls-Royce dismissed the estimate as “speculative”, but aviation expert Paolo Lironi said the quoted $66m figure was for a “first fix” and total costs would be a lot higher. center_img whatsapp Thursday 9 December 2010 7:45 pm Show Comments ▼ Tags: NULLlast_img read more

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Smiths turned down bid for medical arm

first_img SMITHS Group rejected a £2.45bn cash offer for the medical arm of its business, Smiths Medical, late last year, the company has revealed.The bid, which was from private equity group Apax (although Smiths did not itself confirm the bidder), was a “best and final” rejected as not in the best interests of shareholders.Smiths Medical accounts for 31 per cent of the Group’s revenues, bringing in £858m in the year to July 2010, but the offer gave the division a valuation equal to nearly half the Group’s market cap of £5bn.But the company said that the offer did not take into account “the quality and highly cash generative nature of Smiths Medical”.The Group’s chief executive, Philip Bowman, has in the past sold two of the businesses he has led. While CEO of food retailer Allied Domecq in 2005, he recommended its sale to Pernod Ricard.He then moved to head up Scottish Power from 2006 to 2007 and presided over its sale to Spanish power company Iberdrola.Over the past year, he has overseen a period of cost-cutting at Smiths Medical that has grown margins 180 basis points to 21.5 per cent, according to the Group’s most recent results.Smiths Group itself is a conglomerate with divisions in security technologies, electronic transmission systems, fluid transmissions and mechanical seals aside from its medical tech arm.Smiths declined to comment further; Apax declined to comment. Sunday 16 January 2011 10:31 pm Tags: NULL whatsapp Smiths turned down bid for medical arm Show Comments ▼ Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp KCS-content last_img read more

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What the other papers say this morning

first_img Share What the other papers say this morning FINANCIAL TIMESCHINA’S LENDING HITS NEW HEIGHTS China has lent more money to other developing countries over the past two years than the World Bank, a stark indication of the scale of Beijing’s economic reach and its drive to secure natural resources. China Development Bank and China Export-Import Bank signed loans of at least $110bn (£70bn) to other developing country governments and companies in 2009 and 2010, according to Financial Times research.RUSNANO PLEDGES TO INVEST IN UK MICROCHIPS A company spun out of Cambridge university to make cheap plastic microchips has won the promise of a $650m investment from Russia’s state-backed nanotechnology corporation. Rusnano will take an immediate stake of about 25 per cent in Plastic Logic in exchange for an initial injection of $150m. The Russian government may eventually take control as the rest of the finance becomes available.EUROPEAN SECURITISATIONS FACE S&P DOWNGRADENearly half of all European securitisations could be downgraded following changes in the criteria Standard & Poor’s uses to measure the creditworthiness of deals. The criteria, which cover how third parties involved in deals are evaluated, are global but the new changes will more heavily affect European deals because of their higher use of counterparties to provide interest rate and currency swaps.INVESTORS SNAP UP US COMPANY DEBT Banks and companies have borrowed record amounts in the US bonds markets in the first two weeks of the year, with investor appetite for debt showing no signs of waning, data from Thomson Reuters shows.THE TIMESQUANGO CHIEF’S PAY CUT TO £57,000 FOR A TWO-DAY WEEKThe new chief executive of a quango targeted for cuts has accepted a pay package about £61,000 smaller than his predecessor in a move that reduces his pay below that of the Prime Minister. Bill Galvin, who yesterday was promoted to be chief executive of The Pensions Regulator — one of hundreds of quangos facing cuts — will receive base pay of £138,000, which is £4,500 less than David Cameron.HEALTH AND SAFETY REGIME IS PAIN-FREEA survey of 550 companies by the law firm Norton Rose found that most businesses are relaxed about regulations, which they say are flexible and have little negative impact. Nine in ten companies said that they had enough freedom to decide the best way.The Daily TelegraphINDIA PICKS BANKS TO LEAD $4BN SALE OF 5 PER CENT ONGC STAKEThe Indian government has hired six investment banks to lead the sale of a 5 per cent stake in Oil & Natural Gas Corp (ONGC), India’s largest oil exploration company. Selling the stake is expected to raise about $3bn (£1.9bn) to $4bn for India, according to the country’s oil secretary, S Sundareshan. GRADUATES WITHOUT WORK EXPERIENCE ‘WON’T FIND JOB’Graduates who have not bothered to secure work experience while studying stand “little or no” chance of getting a job at one of the UK’s leading employers, a new report showed. A third of this year’s graduate vacancies are expected to be filled by applicants who have already worked for the organisation during their degree course, according to the research by High Fliers, published today.THE WALL STREET JOURNALCHINESE PRESIDENT QUESTIONS THE DOLLAR AHEAD OF WASHINGTON TRIPChinese President Hu Jintao emphasized the need for cooperation with the U.S. in areas from new energy to space ahead of his visit to Washington this week, but he called the present U.S. dollar-dominated currency system a “product of the past” and highlighted moves to turn the yuan into a global currency. “We both stand to gain from a sound China-U.S. relationship, and lose from confrontation,” Mr. Hu said. Show Comments ▼ 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 ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads GERMANY IS RELUCTANT TO BOLSTER RESCUE FUNDSEuropean finance ministers debated Monday how to beef up their giant rescue fund for troubled euro-zone countries but ended the first day of a two-day meeting without reaching a firm resolution on how to do it, amid German reluctance to open the doors to more and bigger bailouts. whatsappcenter_img whatsapp Monday 17 January 2011 9:35 pm KCS-content Tags: NULLlast_img read more

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Yes, Minister: when reality is like TV

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe Yes, Minister: when reality is like TV Show Comments ▼ KCS-content Share Sunday 6 February 2011 10:39 pm SOMETIMES, fiction is the best guide to reality. I have been rewatching Sir Anthony Jay and Jonathan Lynn’s brilliant Yes, Minister, one of Britain’s best-ever and much-loved sitcoms. It depicts the warped relationship between a wannabe reforming politician and his civil servants, who spend all their time thwarting him and gradually turn him into a pathetic creature of the establishment. This is truly great television with a revolutionary edge. Yet what is astonishing is that while the sitcom – and its successor Yes, Prime Minister – ran between 1980 and 1988, the themes, phrases and issues remain incredibly contemporary. The episode on education reform is unbelievably relevant. History is repeating itself; the coalition has learnt nothing from the failures of previous governments. But it is not all as it was in the 1980s. The series’ fictional permanent secretary, Sir Humphrey Appleby, was a brilliant man. The fact that Appleby spent all of his time sabotaging reform, openness and his minister Jim Hacker’s political goals – Appleby is the real boss, with Hacker tolerated as a passing nuisance – didn’t detract from his competence. The problem was one of incentives – bureaucratic empire building was the primary objective, not improving the country – not ability. While the incentive mismatch remains a lethal issue today, an added tragedy is that the quality of the civil service has also deteriorated, as testified by the fact that so much government legislation is riddled with errors, internal inconsistencies and other problems. The bureaucracy has lost much of its competence. The “Rolls-Royce” (yet deeply flawed) civil service of yore no longer exists. The situation is even worse in quangos; the biggest problem is a lack of managerial ability among senior people. Few of those in positions of power have real, private sector operational knowledge.Many intelligent, altruistic and principled people work for the state. But the average competence of civil servants is in decline. Our antiquated and over-centralised system of administration remains outstanding only in one respect: it is not corrupt. But other than that, it now resembles a cross between Yes, Minister and the Thick of It, a modern-day, coarser and horribly plausible satire developed by Armando Iannucci, where the political-spin-doctor-civil service establishment is hilariously depicted as idiotic, gutless, incompetent and power-hungry.One problem is that so much power has been transferred to the European Union. The last thing clever graduates want to spend their time doing is to become implementers of somebody else’s legislation. Another force halting reform is that government decisions are now all constantly subject to litigation and judicial review. Civil servants routinely take lawyers into meetings with ministers; their first reaction to any proposed change is that it is illegal. Often, this has to do with European legislation or human rights. There is also a fresh dimension: the Labour-imposed requirement to perform Equality Impact Assessments on all policies, with any deemed to discriminate against a “disadvantaged” group automatically open to legal action. These EIAs will shortly become even more powerful. They are a complete disaster and have given officials as well as pressure groups carte blanche to kill off all change – including the entirety of the austerity programme. Unless the coalition acts fast, it will be soon be overwhelmed. [email protected] me on Twitter: @allisterheath Tags: NULL whatsapplast_img read more

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Growth forecasts to be cut

first_img BRITAIN’S projected rate of economic recovery will be downgraded by the government’s fiscal watchdog this week, analysts expect.In November the Office for Budget Responsibility (OBR) predicted 2.1 per cent growth for 2011 – considerably above most recent independent forecasts.“We suspect that the OBR will lower its shorter-term GDP projections,” commented Investec’s Philip Shaw.The Organisation for Economic Co-operation and Development (OECD) last week revised down its estimate of British growth, from 1.7 per cent to 1.5 per cent for this year.However, the OECD insisted that the chancellor is right to continue with immediate spending cuts – the policy dubbed “Plan A”. And today another group of leading economists is expected to urge further austerity.Chancellor George Osborne must resist the temptation to grant any “give-aways” in this week’s budget, the Ernst and Young Item Club will say.The deficit for the whole fiscal year will come in at £140.2bn, Item expects – around £8bn below the Office for Budget Responsibility’s (OBR) official forecast.However, the slowdown in growth risks the “very small margin for error” in achieving the government’s fiscal mandate over the whole course of parliament, it believes.“It is still very early days on the long and challenging road to fiscal balance,” according to Item’s chief economist Andrew Goodwin.The government’s net borrowing up to this month is released tomorrow, one day ahead of the chancellor’s budget and the OBR’s new forecasts.Total government debt will peak at 69.1 per cent of British GDP, according to the latest OBR projections.Item is also expected to call today for the chancellor to commit to remove the 50p tax rate once public finances have sufficiently improved. whatsapp KCS-content whatsapp Show Comments ▼ Sharecenter_img 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 ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald More From Our Partners Biden 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Growth forecasts to be cut Sunday 20 March 2011 11:42 pm Tags: NULLlast_img read more

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