Britain must boost investment in skills beyond apprenticeship levy to compete with Europe after Brexit, according to report

whatsapp The UK government has identified productivity improvements as one of its signature economic policies, with chancellor Philip Hammond announcing a £23bn national productivity investment fund during the Autumn Statement, mainly targeted at infrastructure improvements.Read more: Labour shortages start to bite in UK sectors employing many EU nationalsHowever, the government’s attempts to address the lack of investment in skills have been criticised, with the apprenticeship levy slammed as a “stealth tax” by business groups after an independent report by the Institute for Fiscal Studies (IFS) found most of the payroll tax would not be used for training investment.Hang Ho, regional head of philanthropy at JP Morgan, which backed the research, said: “It is critical that the UK workforce has access to a wide range of skills which are relevant to the labour market and that bolster the long-term health of the UK’s economy.”The IPPR advocates a “skills levy”, replacing the apprenticeship levy with a broader scheme that incentivises companies to invest in training beyond apprenticeships.Clare McNeil, IPPR associate director for work and families, said: “Britain’s economy can’t survive outside the European Union without bringing investment in skills into line with our competitors and making sure employers are making better use of workers’ skills.” Share whatsapp Employers in the UK spend £5.1bn less on training in real terms at today’s prices than it did a decade ago, according to IPPR analysis, before the financial crisis caused a big drop-off in business investment of all kinds.Read more: The apprenticeship levy – little more than a stealth tax?British productivity levels have lagged behind other developed countries since the financial crisis, despite GDP growth that has outpaced every other G7 developed nation.Productivity in the grew for four quarters in a row for the first time in more than five years in 2016, but growth still lags behind competitors such as Germany, with the Bank of England blaming a “fat tail” of less productive firms counteracting the big improvements of firms closer to the technological frontier.Britain’s employers spend half the amount per employee than the EU average for continued vocational education, according to the latest European Commission data from 2010. The UK must significantly increase its skills investment beyond plans for the apprenticeship levy if it is to compete with European rivals in the post-Brexit world economy, according to a new report.The government’s new apprenticeship levy will not bring employer investment in skills up to levels seen before the financial crisis, according to the Institute for Public Policy Research (IPPR). Jasper Jolly Saturday 18 February 2017 4:56 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeJournalistateThese Neglected Foods May Help Unblock ArteriesJournalistateHealthWatchThis Start Up Is Bringing Advanced Health Technology To Consumers With This SmartwatchHealthWatchCookingAmour12 Best Natural Immunity Boosters For Cold And Flu This WinterCookingAmourthedelite.comSo Long Olive Garden? Restaurants Closing (Full List)thedelite.comThe-best-info.xyz16 Japanese Cars That Need To Make A ComebackThe-best-info.xyzYahoo! SearchSearch For Great 5g Seniors Cell Plans Deals, You Might Be Surprised!Yahoo! Searchtibgez10 Things You Should Know about Lewy Body DementiatibgezBuzzAuraClint Eastwood’s $9.75M Pebble Beach Mansion Is A Real ParadiseBuzzAuraEveryday WellnessWhat Happens To Your Body When You Eat Two Bananas A DayEveryday Wellness Britain must boost investment in skills beyond apprenticeship levy to compete with Europe after Brexit, according to report read more

Confidence in UK among European business leaders has collapsed due to Brexit, says survey

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.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.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKansas coach fired for using N-word toward Black playerthegrio.com whatsapp Tags: Brexit Credit Suisse Confidence in UK among European business leaders has collapsed due to Brexit, says survey Tuesday 30 April 2019 6:00 pm The confidence of European business chiefs in the UK economy has evaporated due to Brexit, causing them to slash their investment intentions, a new report by investment bank Credit Suisse has revealed.Read more: Investors withdrew savings from UK funds in lead up to Brexit deadlinecenter_img Harry Robertson Share whatsapp Over 65 per cent of European business leaders said the political wrangling had made them less likely to invest in Britain, according to a survey of 90 bosses by Credit Suisse which was released today.The gloomy news comes as Westminster gears up for European Parliament elections at the end of May and after Britain’s membership of the European Union was extended until 31 October unless a deal is reached.Over fifty per cent of the business leaders polled said Brexit was their main concern, ahead of the outlook for the Chinese economy and rising protectionism under Trump.Credit Suisse found that the UK was seen as the centre of a slowing trading environment. Of those who said they had seen a slowdown in the last six months, nearly 70 per cent said Britain was the most impacted region.Richard Kersley, head of global thematic research at Credit Suisse, said: “The uncertainty surrounding the UK’s position in the EU is the biggest concern for European executives.” He said: “This has had both a short and a long term investing impact as companies await greater clarity to see how Brexit plays out.”Amid a struggling European economy, the survey found that corporate spending plans had weakened for most sectors. The number of managers saying they would increase spending fell for the second successive survey.Read more: UK economy’s strong start to year likely a ‘false dawn’, forecaster saysFewer corporate leaders thought that labour costs would be higher over the next six months in a sign that Europe’s tight jobs market could be reaching its peak. last_img read more

Government launches review into false Post Office fraud claims

first_img Show Comments ▼ Earlier this year, the committee’s former chairman Rachel Reeves said: “Hundreds of sub-postmasters have suffered considerable distress, and many have had their lives ruined.” Postal workers have finally had their names cleared of theft. Postal workers have finally had their names cleared of theft. Also Read: Government launches review into false Post Office fraud claims Parliament’s Business, Energy and Industrial Strategy committee has also announced its own probe into the review. The government has launched a review into the Fujitsu Horizon IT system that caused Post Office branch mangers to be falsely accused of fraud. More than 550 Post Office branch mangers – known as sub-postmasters – brought legal action against the Post Office after being wrongly accused of fraud. Stefan Boscia Postal workers have finally had their names cleared of theft. Also Read: Government launches review into false Post Office fraud claims whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoFactablePut Baking Soda Around The Base Of A Tomato Plant, Here’s WhyFactableUndoSenior Living | Search AdsSenior Independent Living in Scottsdale (Take A Look At The Prices)Senior Living | Search AdsUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoautooverload.comGrossly Uncool Things Boomers Still Think Are Coolautooverload.comUndoGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousaUndo Sub-postmasters involved were force to pay back money they never stole, forcing some to declare bankruptcy while others were prosecuted and jailed for charges like false accounting and fraud.center_img Government launches review into false Post Office fraud claims Labour MP Karl Turner called for even further action yesterday in the House of Commons, saying the scandal “should trigger a criminal investigation” and “only a judge will get to the bottom of this miscarriage of justice”. Business minister Paul Scully confirmed yesterday that there would be a review of “the failings that occurred at Post Office Ltd” in the scandal. Thursday 11 June 2020 10:53 am Confirming the review, Scully wrote: “Government wants to be fully assured that through the review there is a public summary of the failings that occurred at Post Office Ltd, drawing on the judgments from the Horizon case and by listening to those that have been most affected; that lessons have genuinely been learned; and that concrete changes have taken place at Post Office Ltd to ensure that this situation will never be repeated.” Share Those involved were falsely accused because of faults in the Fujitsu Horizon system, which tallies up daily takings for each branch. The state-owned company settled the High Court case in December last year, paying out £58m to victims. whatsapplast_img read more

Over-25s will be offered Covid-19 vaccine from tomorrow

first_imgHancock also indicated ministers at Westminster were open to delaying the easing of restrictions in England scheduled for 21 June. The health secretary confirmed the latest progress on the Covid-19 vaccine rollout to MPs in the Commons. Monday 7 June 2021 4:42 pm Over-25s will be offered Covid-19 vaccine from tomorrow whatsapp From tomorrow over-25s in England will be called forward to get their Covid-19 vaccine, health secretary Matt Hancock told MPs. The UK today reported 5,683 more cases of COVID-19 but just one further death within 28 days of a positive test, according to official data. Also Read: Dating apps team up with government to help boost vaccine uptake Under-30s are the final cohort on the vaccine priority list. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.com Show Comments ▼center_img It came as new analysis showed Covid-19 case rates are rising in more local areas of the UK than at any point since early January, with numbers increasing in almost all parts of north-west England, London and Scotland. Hancock said that people aged 25 to 29 will be invited to book their jab as he signalled the start of the final stage of the vaccination programme. Share More young adults will be offered the Covid-19 vaccine from tomorrow (Photo by Hollie Adams/Getty Images) whatsapp Tags: Coronavirus Vaccine Josh Martin Also Read: ‘Operation Blue Freedom’: Greece races to vaccinate islanders in bid to go Covid-free last_img read more

6 questions for Rep. Tom Price, Trump’s nominee to lead HHS

first_img Log In | Learn More GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. WASHINGTON — It’s called a “courtesy hearing,” but Representative Tom Price, President-elect Donald Trump’s nominee for secretary of health and human services, can expect some of his Senate interrogators to get a little rough.Price, an orthopedic surgeon and six-term GOP congressman from Georgia, will appear before the Senate Committee on Health, Education, Labor, and Pensions to answer questions on Wednesday. It’s a courtesy hearing because a separate panel, the Senate Finance Committee, will actually vote on his nomination. Tags CongressMedicarepolicy Politics What’s included? By Sheila Kaplan Jan. 17, 2017 Reprints What is it? Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Charles Dharapak/AP 6 questions for Rep. Tom Price, Trump’s nominee to lead HHS last_img read more

Ohio sheriff won’t let deputies carry Narcan, citing safety

first_img Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. Associated Press About the Author Reprints Middletown’s city manager responded with a statement that the city continues to respond to every call.Ohio is among the states hit hardest by the opioid crisis. Butler County, near Cincinnati, had a record 192 drug overdose deaths last year. The county coroner has said it is on pace for other record year in 2017.Jones, an early supporter of Donald Trump’s Republican presidential campaign, has gotten national attention before on his tough talk on illegal immigration. He has written to the Mexican government calling for reimbursement for housing in the county jails immigrants in the U.S. illegally. County emergency crews administer Narcan, and the Butler County Health Department has been offering free naloxone kits to relatives and friends of addicts. HAMILTON, Ohio — A sheriff in an Ohio county with record numbers of overdose deaths in recent years is sticking to his long-standing refusal to allow deputies to carry an overdose-reversal drug.Butler County Sheriff Richard Jones says he remains opposed for safety reasons because people can become hostile and violent after being revived with Narcan. Deputies in neighboring counties in southwest Ohio do carry it.“I don’t do Narcan,” Jones told the Cincinnati Enquirer. “They never carried it. Nor will they. That’s my stance.”advertisement Please enter a valid email address. By Associated Press July 7, 2017 Reprints Privacy Policy HealthOhio sheriff won’t let deputies carry Narcan, citing safety Leave this field empty if you’re human: Jones’s latest comments came after a city councilman in Butler County’s Middletown drew national attention with his suggestion that emergency crews should stop responding to people who repeatedly overdose. Councilman Dan Picard also suggested that people who overdose should be forced to perform community service to make up for the cost of an emergency run.advertisement A naloxone nasal injector is demonstrated during a news conference in Cincinnati. John Minchillo/AP Tags addictionopioidslast_img read more

Naples man arrested for decapitating hamster

first_imgRELATEDTOPICS He was arrested Monday after admitting to the crime. AdvertisementTags: Hamster AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments No Content Available AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentscenter_img AdvertisementInvestigators found an empty scissor’s package, an empty fingernail file package, and the original pet store receipt that showed the purchase date of the hamster in the box with the dead animal. A phony sales record with the name “Andre Green” and a fake address listed was also found in the box, according to the arrest report. Lee County detectives tracked down Hunter through surveillance video at the pet store. Hunter was questioned in May 2020 for a similiar incident where staff at a pet store found a hamster that had been “ripped into quarters,” deputies said. The 21-year-old told deputies then that his dog was responsible. NAPLES, Fla. – A Naples man was arrested Monday after a neighbor found a dead hamster in a box near her home on Jan. 5. Christian Hunter, 21, is facing charges of animal cruelty and unlawful disposal of a dead animal after a Naples resident found the animal on the roadway near her home on 27 Ave NE, according to the Collier County Sheriff’s Office.The woman told deputies she had found at least five other boxes over the last year with “sadistically mutilated” small animals inside.Deputies said the hamster’s head had been chopped off and it was a clean cut. Advertisement Advertisementlast_img read more

North Korean men wary of wearing bright-colored jackets

first_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Hamhung man arrested for corruption while working at a state-run department store By Daily NK – 2017.09.26 11:16am SHARE News Unification Media Group [UMG]: Although the late summer heat still lingers on, it has become quite chilly in the morning and evening. People are making purchases for the colder weather in the markets and department stores. In North Korea, they’ve already begun their winter preparations. Reporter Kang Mi Jin is here to tell us more.Reporter Kang Mi Jin [Kang]: These days, I’m packing away the summer clothes for next year and taking out the winter clothes. In North Korea, most regions become very cold in the mornings and evenings from mid August.North Korean residents have to take care of everything on their own, so they start their winter preparations very early. According to a North Korean resident I talked with on the phone, there are already winter clothes for sale in the North Korean markets and wholesalers have begun to purchase winter clothes for sale.The source also said that he went to the market to buy new cotton clothes because the padded winter jacket he bought a few years ago is worn and shrunken due to the loss of cotton. He said he was surprised to see more varied cotton winter clothes available than last year.UMG: Has there been a change?Kang: I own three or four padded winter jackets and two or three coats now. Some clothes just stay in the closet during the whole winter. But when I was in North Korea, I used to spend the winter with a single set of cotton clothes which usually only lasted for 2 – 3 years as they became clammy and shabby when the cottons shrink.But in recent times, a greater selection of shapes and colors of winter clothes have become available for North Korea’s residents at the markets.UMG: That’s good news. But when I see photos from North Korea, I usually notice that North Korean men are wearing dark-colored clothes, all with similar designs. Can you explain why that is?Kang: There’s no specific reason. The North Korean government has previously sought to control the residents’ clothing styles, banning a variety of clothing styles. In fact, women also dressed themselves similarly, and it almost seemed that they were wearing a group uniform before Kim Jong Un took power. People had no liberty in choosing their clothes, and there was a limited variety of designs available.In North Korea, the clothes worn by the Kim family are often imitated by the people, especially the Maoist suit and jackets. Kim Il Sung used to enjoy wearing a Mao suit, so the style stayed popular until the 1980s. Then in Kim Jong Il’s era, his favorite jacket became popular in the markets. It’s the same for cotton clothes as well. The cotton clothes and jackets are referred to as ‘winter clothes for the chief.’ It’s said that they were personally designed by Ko Yong Hui, Kim Jong Un’s mother, and are still recognized as the typical winter clothes designs for men in North Korea. The North Korean men appearing on TV and newspapers almost look as if they’re all wearing uniforms for this reason. North Korean men usually wear dark-colored clothes while women wear bright-colored clothes, regardless of the weather.UMG: Do the North Korean authorities still control the clothing styles?Kang: The North Korean people have been constantly controlled by the authorities with their clothing styles, so they’ve naturally become accustomed to the shapes and colors of clothes worn by the Kim family to avoid crackdowns. The government’s crackdowns and methods of control change over time. In the Kim Jong Il era, there were frequent crackdowns on clothing designs, so people thought it was safe to just wear Kim Jong Il’s style, leaving most North Korean men with little freedom of choice. At the time, even North Korean women wore similar clothes. But after Kim Jong Un took power, North Korean women began to wear brighter-colored clothes with unconventional designs, which was said to be influenced by Ri Sol Ju, Kim Jong Un’s wife. Women’s clothing styles have changed quite a bit, but there have been almost no changes in menswear. North Korean men are still wearing the ‘winter clothes for the chief.’UMG: How much do cotton clothes cost in North Korea’s markets?Kang: Most cotton clothes sold in North Korea’s markets are made of compressed cotton or duck down. Duck down is expensive, while those made of compressed cotton are cheaper. At present, the price for compressed cotton clothes currently being sold at the Galma market in Wonsan City, Kangwon Province, is about 670,000 KPW for an adult, and the expensive ones are being sold at 820,000 KPW. The price is said to differ depending on the number of cotton layers put inside.The expensive cotton clothes with duck or goose down are sold at a higher price of about 4 million KPW. Housewives from wealthy families are said to be the main customers for these clothes. Recently, there have been used South Korean padded jackets for sale at the North Korean markets as well, which are said to be more expensive than Chinese merchandise. North Korean parents want to give their children the best, and are said to be forking out large amounts of money for children’s winter jackets. So the padded jackets for children are selling well at the markets despite their expensive prices. The residents are complaining about their children growing up fast, but they still buy new children’ clothes every year. UMG: With the cool winds of early autumn blowing, the North Korean people are already beginning their winter preparations before the winter products become too expensive. Now let’s take a look at the price trends in the North Korean markets. Taken on North Korea’s Party Foundation Day on October 10 last year. On their way home, North Korean men can be seen wearing darker-colored clothes than women. Image: Daily NK RELATED ARTICLESMORE FROM AUTHOR News center_img All prices shown in KPW and current as of September 13, 2017. News Facebook Twitter News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] North Korean men wary of wearing bright-colored jackets North Korea hikes “party contributions” Russia-based workers must pay by 30-55%last_img read more

IIROC extends comment period on OEO proposal

first_img The Investment Industry Regulatory Organization of Canada (IIROC) is giving the industry an extra month to consider the implications of proposed new guidance that would allow firms providing retail investors with order execution to also supply a limited form of advice. Advocis encouraging advisors, clients to oppose commissions ban Companies Investment Industry Regulatory Organization of Canada IIROC published proposed guidance in early November for firms that provide order execution only (OEO) services that aims to adapt the regulatory framework to evolving industry reality and to clarify the requirements for these firms. The deadline for comments on the proposals was initially set to expire on Dec. 19. IIROC announced on Friday that it’s extending the comment period to Jan. 20, 2017. The added time comes in response to requests from the industry seeking additional time to consider and comment on the guidance, IIROC notes. IIROC indicates in its original notice that the proposed guidance would represent a change in regulatory policy by allowing OEO firms to provide clients with tools, such as model portfolios, that amount to a form of advice. The proposed guidance sets out that supplying model portfolios constitutes a recommendation, but it also proposes granting standardized exemptive relief to allow firms to “make available certain limited model portfolios.” See also: IIROC proposes to allow OEO firms to provide limited model portfolios Photo copyright: dirkercken/123RF James Langton Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Covid-19 to trigger pandemic bond payouts: DBRS

first_img Facebook LinkedIn Twitter James Langton The coronavirus outbreak is likely to trigger payouts from so-called “pandemic bonds” issued by a unit of the World Bank to provide funding to developing countries to fight the spread of infectious disease, states DBRS Morningstar.In a new report, the rating agency stated that, given the latest mortality data from the ongoing Covid-19 outbreak, it expects that US$132.5 million in pandemic catastrophe bonds to pay out. Companies World Bank, DBRS The funding “will be channelled to eligible countries to mitigate the impact of the outbreak and might validate the need for market-based mechanisms to deal with pandemics,” DBRS said in its report.A division of the World Bank established the Pandemic Emergency Financing (PEF) facility in 2017 following the Ebola virus outbreak in 2014-2015, which caused more than 11,000 deaths and “proved the need for an established funding mechanism to mitigate pandemics in developing countries,” DBRS noted.Whether pandemic bonds will continue to attract investor interest remains to be seen.DBRS said that the difficulty of defining trigger events makes it very tough to accurately value pandemic bonds.Their diversification value is also questionable: “The current coronavirus outbreak is showing that the valuation of pandemic bonds is highly correlated with the performance of global financial markets when it matters most,” the agency noted.Yet DBRS also said that investors typically remain interested in catastrophe bonds even after large natural disasters.“We believe that a second round of pandemic bonds can address some existing concerns and remain a viable funding source for low-frequency but high-severity pandemics,” the agency stated.In response to the coronovirus outbreak, the Federal Reserve earlier today cut its benchmark interest rate by 50 basis points — the first time the central bank has cut its key rate between policy meetings since the 2008 financial crisis and the largest rate cut since then. Share this article and your comments with peers on social media Hospital workers 4X-image/iStockphotolast_img read more