Deficit rises unexpectedly in August on back of weak tax receipts

first_img Alexandra Rogers Friday 21 September 2018 11:10 am whatsapp Howard Archer, chief economic advisor at accountants EY, said: “The run of large borrowing undershoots in previous months had seemed unlikely to be sustained given that they relied heavily upon lower spending, a large chunk of which was due to timing effects.”The August data saw these effects start to unwind, with contributions to the EU up sharply on last August, and public sector net investment also coming in higher than last year. Annual growth in current receipts slowed a little in August and is now bang in line with the OBR’s full-year forecast of 3.9 per cent.” Public sector borrowing has fallen to its lowest point since 2002 for the financial year to date at £17.8bn, £7.8bn less than the same time last year.However, August borrowing of £6.8bn came in at double economists’ expectations, and was £2.4bn higher than the same month last year, figures from the Office for National Statistics (ONS) showed. Share whatsapp Economists had expected borrowing of just £3.4bn for the month.The higher-than-expected figure is largely down to only a slight 1.6 per cent increase in tax receipts to £55.6bn, while total expenditure rose 6.9 per cent to £60.4bn.Meanwhile, debt, excluding public sector banks, increased by £15.9bn to £1.8 trillion, equivalent to 84.3 per cent of GDP.​The ONS said that of the £17.8bn borrowed by the public sector, £6.2bn went on “day-to-day” activities while the rest went on capital spending on projects such as infrastructure. The ONS said its forecast remains for borrowing to come in at £34bn for the full year. Deficit rises unexpectedly in August on back of weak tax receipts More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more

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Contactless and mobile payments surge in UK in 2018

first_imgStephen Jones, chief executive of UK Finance, said: “The same pick ‘n’ mix approach people now take when it comes to music, television or the news is expanding into payments, as consumers take advantage of new technologies to pay in a way that suits them.” whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org The number of people paying using their mobile phones also rose significantly. The proportion of UK adults registered to use Apple Pay, Google Pay or a similar service climbed to 16 per cent in 2018 from 10 per cent in 2017. Only two per cent were registered in 2016. whatsapp Cashless lifestyles were increasingly popular. Around 10 per cent of Britons’ – 5.4m people – used cash only once a month or less last year, compared to 3.4m in 2017. Read more: Credit card spending shoots up as customers turn to extra protections Meanwhile, the use of cash continued to decline, with only four per cent of Britons’ mainly using physical money for their payments, yearly data from banking trade association UK Finance today revealed. A bystander uses a card to make a donation on a contactless card reader as busker Charlotte Campbell performs near the London Eye in central London on September 1, 2018. – Busker Charlotte Campbell was one of the first performers to use a contactless card reader and today between five and 10 percent of her income comes from people tapping bank cards on her reader — set up through her phone to debit £2 (2.22 euros, $2.60) at a time. (Photo by Daniel LEAL-OLIVAS / AFP) (Photo credit should read DANIEL LEAL-OLIVAS/AFP/Getty Images) Read more: Softbank to invest €900m in payment firm Wirecard Thursday 6 June 2019 11:37 am The number of contactless payments made in the UK surged in 2018, new figures have shown, as all Britons’ from grandparents to teenagers increased their use of the technology.center_img Contactless and mobile payments surge in UK in 2018 The technological revolution made itself felt in banking too, with 72 per cent of all UK adults using online banking in 2018, and 48 per cent using mobile banking. Share Over 83 per cent of 25 to 34-year-olds used contactless technology in 2018, while 61 per cent of over-65s also used the method. Contactless payments took off in 2015, with Transport for London pioneering the technology by allowing Londoners to tap their debit cards at tube station entrances. Harry Robertson “More and more customers are now opting for the speed and convenience of paying with their contactless cards, or using mobile banking to check their balances and make transfers while on the move,” he said. He added: “However, technology is not for everyone and cash remains a payment method that is valued and preferred by many, so maintaining access to cash will be vital to ensure no customer is left behind.” There was a 31 per cent growth in contactless payment volumes in 2018 compared to the year before, the UK Finance figures showed, with 70 per cent of people in London using contactless cards.last_img read more

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Deutsche Boerse offices raided in German tax probe

first_img The current investigation was started roughly six years ago. whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Deutsche Boerse, theoperator for Frankfurt’s stock exchange, has been searched as part ofan investigation into a German tax fraud scandal. Read more: Deutsche Bank fined over US corruption charges Public prosecutors have combed through the premises of Deutsche Boerse’s subsidiary Clearstream over a share-trading fraud case in which the German government was allegedly tricked into paying billions of euros in tax rebates. Deutsche Boerse offices raided in German tax probe “As in the past, Deutsche Boerse is fully cooperating with the authorities,” a spokesperson said, adding that the investigation was focused on both clients and staff. whatsappcenter_img German newspaper Handelsblatt, which first reported the raid, added that Clearstream apparently played a key role in the illegal dealings. FRANKFURT/MAIN, GERMANY: Overall view of the trading hall of German stock exchange operator Deutsche Boerse after it officially re-opened after refurbished, 26 February 2007 in Frankfurt. Deutsche Boerse has not revealed how much the renovation and refurbishing cost, but observers estimate the cost at around six million euros (7.9 million dollars). The sleek new hall is now composed of five round and two half-round cubicles for lead brokers. AFP PHOTO DDP/THOMAS LOHNES GERMANY OUT (Photo credit should read THOMAS LOHNES/AFP/Getty Images) by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunMisterStoryWoman files for divorce after seeing this photoMisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout Tuesday 27 August 2019 3:33 pm At the centre of the probe is the so-called “cum-ex” tax scandal, which involved the act of cross-border trading of company shares around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, with each entitled to a tax rebate. Sebastian McCarthy Share Read more: Softbank suffers writedownlast_img read more

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London Stock Exchange pushes for virtual AGMs due to coronavirus

first_img More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sunday 22 March 2020 7:42 pm Jessica Clark Law firm Linklaters previously said that hybrid meetings were “unusual in practice so far”. (AFP via Getty Images) whatsapp LSE and other City groups are pushing for the government to make emergency amendments to the Companies Act to avoid disruption during the AGM season, Sky News reported.  “These ‘virtual-only’ meetings are even more unusual in UK practice and the standard investor guidance recommends that a physical place of meeting should always be provided.” Share Tags: Coronavirus London Stock Exchange pushes for virtual AGMs due to coronavirus “A minority of companies may have articles which allow them to hold general meetings that are entirely electronic,” the company told Sky News.  (AFP via Getty Images) Also Read: London Stock Exchange pushes for virtual AGMs due to coronavirus City AM has contacted LSE for comment.  whatsapp The London Stock Exchange Group is lobbying for companies to be allowed to hold remote annual general meetings during the coronavirus pandemic. The broadcaster said that law firms and major listed businesses are among those calling for urgent action ahead of a rush of shareholder meetings next month, which could be cancelled or poorly attended due to Covid-19 fears.  However, many companies are not permitted to hold virtual meetings in place of in-person AGMs. Show Comments ▼ The government has advised that the public practice “social distancing” by avoiding small and large gatherings. AGM attendees are often retired investors, placing them in one of the highest risk categories for coronavirus due to their age. last_img read more

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Red tape to blame for City skills shortage: Demand for professionals stays strong but supply hampered by UK immigration rules

first_imgTuesday 7 July 2015 11:27 pm Tough immigration rules and excessive regulatory standards has left City firms with severe skills shortages, according to new surveys.Growth in the number of jobs secured dropped to a two-year low in June, data released today by the Recruitment and Employment Confederation revealed. Demand for professional workers – which covers finance, law and IT among others – was strong, but supply contracted at its fastest rate this year. One reason is Tier 2 visa controls which make it harder to employ from abroad.“Between 2002 and 2007…we were able to bring in significant numbers from across the Commonwealth and the EU. Unfortunately, this is now very difficult. Making the Tier 2 harder to get was a big step backwards,” Alan Bannatyne, finance chief of professional recruiter Robert Walters, told City A.M.. The rules have tightened over the last five years and are set to get stricter under the current government. Meanwhile, demand for compliance professionals, which help finance firms to meet regulatory requirements, outstrips supply with 3.6 jobs per candidate, according to figures published by Robert Walters today. It is well above the professional services average of 1.6 jobs available for every jobseeker.Bannatyne said current City regulation is too focused on box-ticking, when what is needed is a more principled approach that looks at incentives. The box-ticking approach is leading to too many rules being put in place, which are also easier to find loopholes in.“I think it’s created a massive scarcity of skilled individuals to interpret the rules and put the rules into practice. It creates a whole industry which is effectively a tax on UK plc,” he said.The scarcity threatens UK growth as firms are rapidly increasing their demand for skilled workers. As an example of that climbing demand, Robert Walters saw the money it makes from placing UK workers jump to £20.1m in the three months ending 30 June, marking year-on-year growth of 19 per cent.[custom id=”21″] whatsapp Express KCS Red tape to blame for City skills shortage: Demand for professionals stays strong but supply hampered by UK immigration rules More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily Winnerszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Share whatsapp Tags: employment and wages Skills shortage UK immigration UK jobs Show Comments ▼last_img read more

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News / Customers warned arrival of Maersk Honam containers could be delayed for months

first_img Maersk Line has confirmed the “most likely” port of refuge for the fire-damaged Maersk Honam as Jebel Ali, Dubai – but it may be weeks before the ship can berth.Which means it could be months before the surviving containers reach their original destination.The ship was originally thought to be under tow for Mumbai, but according to AIS signals received from the salvage tugs, it is about to enter the Gulf of Oman.A Maersk spokesman told The Loadstar today: “The focus is on completing plans to bring the Maersk Honam alongside in a suitable port and discharge the cargo.”He added that the fire remained “under control” and “salvage work continues”. But he added: “It will probably take a few weeks and further investigations before we will be able to bring the vessel alongside.”The 15,262 teu ULCV caught fire on 6 March in the Arabian Sea en route to Mediterranean ports, claiming the lives of four seafarers with another presumed also lost.The Maersk Honam was carrying 7,860 containers of consumer goods from Asia, many of high value, destined for most of the major retailers in the region.In a statement, Maersk’s 2M alliance partner, MSC, said that, “based on a limited amount of information to hand”, it “reasonably expects” the containers stowed behind the ship’s accommodation block “should be in sound condition”.However it added: “We must assume, based on the details to date, that most containers located in front of the accommodation area are damaged by fire, heat or the water used to fight the fire.” Indeed, in previous containership fires, a significant percentage of the total claims came from damage caused by water.The stowage plan of the ship will enable Maersk Line, MSC, HMM and Hamburg Süd to advise their customers of the likelihood of their cargo having survived the fire.Despite the length of time before the ship will be declared safe to be discharged, MSC has urged its customers with insurance including a provision for general average to contact their insurers without delay.It said: “MSC encourages you to ensure that your insurers prepare the required GA and salvage security bonds.”It added: “The sooner that these are in place, the sooner cargoes are likely to reach their destinations.”However, under the law of force majeure, cargo owners could also be liable for the cost of relaying containers from Jebel Ali to their destination ports – although the respective carriers may organise the feeder operation free of charge. By Mike Wackett 22/03/2018last_img read more

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‘Star Nation’ competition gives Laois musicians a chance of success

first_imgAll four winners will also perform live at the final showcase gig in Whelan’s, one of Dublin’s best known live venues.It has hosted the likes of Ed Sheeran, Nick Cave, Arctic Monkeys, Jeff Buckley, Hozier, Mumford & Sons, Damien Rice, Christy Moore, The Corrs and The Frames.One competitor will receive €3,000 of musical equipment from leading music store MusicMaker in Dublin. Twitter Pinterest Previous articleDeaths in Laois – Thursday, July 11, 2019Next articleJoe Mallon Motors Car of the Week: 151 Ford Focus Zetec from €37 per week Bronagh Scully Facebook Twitter WhatsApp Pinterest By Bronagh Scully – 11th July 2019 The store has been described as ‘a vital artery in the Dublin rock scene’ with visitors over the years including the likes of U2 and Blondie.“The music industry is a tough one to break into with a number of obstacles facing aspiring musicians,” said Four Star Pizza Communications Executive Christina Hamilton.“Star Nation is a nationwide search to find Ireland’s best undiscovered songwriters and performers, and give them the equipment, recognition and platform they deserve” she added.“So whether you’re a solo singer or play in a band, a rapper, a potential rock star or country legend, we would encourage you to get writing and send us your songs. We can’t wait to hear them,” concluded Christina.How to enter‘Star Nation’ is free to enter and musicians can submit their track to Four Star Pizza online before the closing date of Wednesday July 31, 2019.All entries must be completely original compositions and only one song per artist can be submitted. Entrants must be over 18, resident in the Republic of Ireland or Northern Ireland and willing to participate in promotional activity if selected.A judging panel including representatives from Four Star Pizza, MusicMaker and Windmill Lane will select a winner from each province.All four provincial winners will receive a day’s recording at Windmill Lane and a chance to play at the grand final showcase event in Whelan’s – where the overall winner will be revealed and pick up a further voucher for €3,000 of musical equipment.Full details on how to enter along with terms and conditions for entry, which must be read and agreed, can be found here.SEE ALSO – WATCH: South Korean school children show their support to Laois hurlers in hilarious video Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory RELATED ARTICLESMORE FROM AUTHOR ‘Star Nation’ competition gives Laois musicians a chance of success Aspiring musicians and songwriters in Laois could be in with a chance to win some amazing prizes in a new all-Ireland competition.‘Star Nation’, created by Four Star Pizza, is calling on musicians across Ireland to submit one original song.Musicians will have a chance to win €3,000 of music gear, a recording session in one of Ireland’s most famous studios and a chance to play a showcase gig at a top Irish venue.The competition is open to all genres of music and offers local artists and bands a wonderful opportunity to have their music heard by lots of people.Four lucky winners will receive a one-day recording session at the renowned Windmill Lane Recording Studios. The studio is famous for clients such as David Bowie, Lady Gaga, U2, Van Morrison, Kylie Minogue and Snow Patrol to name but a few. WhatsApp GAA Facebook GAA Home Lifestyle Entertainment ‘Star Nation’ competition gives Laois musicians a chance of success LifestyleEntertainment GAA Here are all of Wednesday’s Laois GAA results TAGSStar Nation 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

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Review launched to reduce red tape for UK researchers

first_imgReview launched to reduce red tape for UK researchers Government launches new independent review into UK research bureaucracy to identify ways to free up researchers to pursue world class researchled by Professor Adam Tickell, Vice Chancellor, University of Sussex, the review will make recommendations to remove unnecessary red tape in the UK research systemdelivers on the commitment in the UK’s ambitious R&D Roadmap to minimise bureaucracy and help cement the UK’s status as a science superpowerRemoving unnecessary red tape that wastes the time of UK researchers will be the focus of a new independent review into research bureaucracy, launched today (Monday 22 March 2021) by Science Minister Amanda Solloway.The review, led by Professor Adam Tickell, Vice-Chancellor of the University of Sussex, will seek to identify why bureaucracy has increased across the UK’s research system. It will provide recommendations to help reduce time-consuming administrative demands, freeing up researchers to pursue world-class research, so that they can generate knowledge, develop and mentor their teams, and make a full contribution to the wider research community.It will look to identify practical solutions to bureaucratic issues faced by researchers across the UK such as overly complicated grant forms that require in-depth financial knowledge, a lack of clarity over funding available to researchers, and having to provide the same data multiple times in different formats to different funders.Its recommendations will balance safeguarding the need to demonstrate impact and value for money while supporting the UK research environment, particularly higher education institutions, to be more streamlined, dynamic, diverse and transparent.Amanda Solloway, Minister for Science, Research and Innovation, said:The UK is home to some of the world’s leading scientists and researchers and their response over the past year to the coronavirus pandemic has shone a light on the vital need for them to be able to carry out their ground-breaking work at pace. Their discoveries have created much needed medical treatments and vaccines which are saving lives across the world.As we build back better by unleashing innovation, it’s crucial that we create a research environment that harnesses this same scientific speed and endeavour. This review will identify how we can free up our brightest minds from unnecessary red tape so they can continue making cutting edge discoveries, while cementing UK’s status as a science superpower.Professor Adam Tickell, University of Sussex, said:I am very pleased to have been asked to lead this review of such great importance to my colleagues in the sector and to the UK as a whole. I am looking forward to engaging across the research community to get a complete picture of the issues from all perspectives and in coming up with ways to improve the way our systems work. Ultimately, this should translate to making a real difference to the work of our research teams and that will be the true test of whether we have succeeded.The system-wide review will conclude by early 2022, with interim findings due to be published this autumn. It will involve broad engagement with the whole UK research community, with a particular focus being placed on research undertaken in higher education institutions.The government’s R&D Roadmap, published in July 2020, set out the government’s ambitious vision for the future of UK R&D, including the goal of minimising bureaucracy whilst maintaining flexibility, diversity and necessary accountability. This review is the next phase in delivering on that commitment.It builds on the government’s introduction of specific measures in September 2020 by UK Research and Innovation (UKRI), the National Health Institute for Research (NIHR) and the Office for Students (OfS) to reduce bureaucracy in the university research and teaching system. This included streamlining over 200 UKRI grant schemes and introducing a digital grants application system to speed up the process.Ottoline Leyser, CEO of UK Research and Innovation, said:UKRI welcomes this independent and system-wide review to enable a reduction in unnecessary research bureaucracy, wherever it is found. The goal is to free up time for researchers and innovators to devote to their many vital roles at work and outside it.We are already making strides within our Simpler and Better Funding programme, which aims to make the funding process as user-friendly as possible for applicants, peer reviewers and awardees, as well as those who work with them.We look forward to supporting BEIS in delivering this review, and working with them to create a research and innovation system that delivers for everyone.Professor Julia Buckingham, President of Universities UK and Vice-Chancellor of Brunel University London, said:We very much welcome the opportunity to challenge the parts of the research system which can restrict university staff and students from delivering impactful research.It is excellent to see that Professor Adam Tickell, Vice-Chancellor of the University of Sussex, will be leading this review and that a system-wide approach to tackling bureaucracy will be used. This approach will drive meaningful change across the sector, promoting diversity and empowering researchers with the time they need to pursue ambitious research.The outcomes of this review will further increase the attractiveness of UK universities as partners for global collaboration.NotesView the full Terms of reference for the review. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:community, coronavirus, education, environment, Government, health, innovation, London, President, Professor, Scientists, terms of reference, UK, UK Government, university, University of Sussexlast_img read more

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GM president leaves automaker to lead its Cruise unit

first_img General Motors President Dan Ammann will depart the core automotive company to take over its Cruise self-driving car unit, in the clearest sign yet the automaker sees more growth in selling rides in robotaxis than in its century-old business of selling vehicles.Ammann will be CEO of Cruise, while the business’s co-founder who runs it now, Kyle Vogt, will be president and chief technical officer.Cruise’s other co-founder, Dan Kan, remains chief operating officer. No one will replace Ammann at GM immediately, and the company’s senior executives will instead report directly to CEO Mary Barra. advertisement GM is betting it can dedicate more resources to developing self-driving cars and transportation services in a quest for future profits while cutting back in the rest of the company.As Ammann takes over Cruise, which has hired 1,000 people in two years, the automaker is closing plants and cutting staff in its core business.For Cruise, the move is about building a bigger management team to transcend from a technology skunkworks focused on creating autonomous cars to a more developed business that brings in revenue. The reshuffling will allow Vogt and Kan to focus on technology while Ammann runs the business and looks for new partners and sources of capital—and possibly even prepares to spin out the company one day.“It became clear that Dan Ammann would be the perfect person to help us accomplish our mission,” Vogt said in an interview. “We’ve gotten to see how he thinks and his approach to business. He was with GM during the largest IPO in history. He has experience that Dan Kan and I don’t have.”For Ammann, the move allows him to lead a tech company that he brought into the GM fold when the automaker acquired it for $1.5 billion in 2016. The automaker’s venture capital fund, GM Ventures, scouted Cruise and Ammann then spearheaded the deal.“I’m excited to dedicate 100 percent of my time and energy to helping Kyle and the entire team realize our mission of deploying this technology at scale,” Ammann said.RELATED We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending Videos Like other companies developing self-driving cars, the key challenges have been running the vehicles in bad weather and tough traffic conditions, plus mastering the multitude of challenges that humans encounter on the road. This Ontario university’s self-driving car is just as good as any automaker’s RELATED TAGSChevroletNon-LuxuryNew VehiclesNon-Luxury PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videos GM driverless taxi looking highly unlikely for 2019While GM is dedicating a lot of resources to Cruise, its profits remain in automaking. In the first nine months of this year, Cruise lost $534 million, while the core businesses made $9.7 billion in operating profit.Cruise has been working toward developing a ride-hailing business that uses self-driving cars that will first be deployed on public roads late next year. Ammann said that developing self-driving cars for delivery services also is a natural extension of what Cruise does. COMMENTSSHARE YOUR THOUGHTS Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 From left, Cruise Automation’s Dan Kan and Kyle Vogt pose for a photo with General Motors’ Dan Ammann at Cruise Automation offices in San Francisco, California.  Handout / GM ‹ Previous Next ›last_img read more

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Ford’s Bronco build-‘n’-price configurator is live and we broke down the trims

first_imgAfter much pomp, off-road circumstance, and a whole buncha waiting, Ford has released the clamps on its Build & Price tool for the upcoming Bronco. This means dirt-focused gearheads with delusions of back-country grandeur can finally build the object of their Bronco desire.Well, virtually, anyway. These rigs won’t show up on dealer lots for another few cycles of the moon.Sticker price of a two-door Base model Bronco (no, really — the trim is actually called ‘Base,’ a refreshingly honest departure from ‘S’ or ‘XL’ or some other soup of consonants) starts at $42,499 including destination and fees. This we already knew, thanks to Ford loudly trumpeting that figure back in July. Adding two more doors adds about $5,000. Subscribe to Plugged In on Apple Podcasts, Spotify, Stitcher, and Google Podcasts. Ford will offer a manual with its Bronco Sasquatch off-roader, but there’s a catch With all this in mind, let’s select a mid-grade trim. Black Diamond models are promoted as “adventure off-roading” machines and do indeed come equipped with heavy-duty modular bumpers and stout steel bash plates, a $1,500 option on Wildtrak. Its price of entry is $48,499, with a $9,245 surcharge for the Sasquatch package, bringing the tally to $57,744. That’s just $750 less than the Wildtrak and doesn’t include any of the features listed two paragraphs above.There is a chance, of course, that the near-$10,000 figure will be reduced by at least a couple of grand once Ford stops forcing the Build & Price tool to select an automatic transmission with the Sasquatch package. However, we must report what is currently being offered and will update this post when things change.Ford’s been building vehicles for over a century and definitely knows how to maximize its profits. Canadians seeking to spend less than fifty large on a Sasquatch-equipped Bronco may be waiting awhile, though it is worth noting Ford itself has described the $40,000 Bronco Base as a “no-frills SUV for those who want to customize their own”.With that in mind, it may be prudent for those seeking a Max Attack Bronco to spend the difference on a custom build, as the aftermarket will surely be awash in parts approximately three seconds after the first Bronco drops on dealer lots.Look for a comprehensive Bronco trim walk on these digital pages later this year.LISTEN: E-mobility expert Daniel Breton talks EV adoption in Quebec. 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RELATED TAGSBroncoFordSUVNon-LuxuryNewsbroncobuild and priceFordpricing The Rolls-Royce Boat Tail may be the most expensive new car ever Ford also made a lot of noise about offering the brutish Sasquatch off-road package on nearly every trim, including Base. At this level, the package – which includes 35-inch mud-terrain tires on 17-inch beadlock-capable wheels, high-clearance suspension, and front/rear lockers – is listed at considerable $7,000. However, the tally actually bumps upward by $9,745 after other bundled equipment is included. This brings the net price to $52,244.It’s also worth noting that, for whatever reason, the configurator currently forces customers to select an automatic transmission with the Sasquatch package. This was the original game plan until a cadre of Blue Oval zealots fanatics pressured Ford into offering the gnarly bundle with a stick.If it’s taking this long for Ford to simply alter the configurator to reflect this change, your author wonders aloud how long it’ll take them to integrate the new combination on their actual, you know, production line. Just a thought.So, then – $52,244 for a stripper Sasquatch Bronco (apologies for the mental image that may have created). Let’s hop to the other end of the truck’s trim walk. The mighty Wildtrak model, in which the Samsquamtch Sasquatch package is standard, has a net price of $58,494.Now, we understand that a price difference of $6,250 is certainly a heap-o-beans, but it is worth noting Wildtrak also comes with the V6 engine, better infotainment, heated seats, CoPilot360 driving aids, and dual-zone climate control just to mention a few of its features.Suddenly, the Base trim looks a lot less appealing. RELATED Making sense of trims: 2021 Ford Bronco lineup explained Trending Videos See More Videoslast_img read more

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