sector Archives - Hoang Viet

kralbetz.com 1xbit güncel Tipobet365 Anadolu Casino Giriş Mariobet Giriş Supertotobet mobil giriş Betist bahis.com Sahabet Tarafbet Matadorbet hack forum Betturkey Xumabet Giriş restbet betpas Gonebet Betticket Trendbet istanbulbahis betixir twinplay megapari fixbet zbahis alobet aspercasino 1win orisbet betkom

Uncategorized

Jun 24 2023

6% public sector pay rises ‘could be blocked’ – as union body accuses government of ‘playing politics’ | Politics News

Reports that Rishi Sunak could block 6% pay rises for public sector workers have been criticised by unions.

The Trades Union Congress (TUC) accused the government of “blaming workers who can’t afford to put food on the table” after the Times reported that the prime minister could overrule recommendations from pay review bodies.

Government sources didn’t deny the claims, saying that “pumping money direct into the economy risks fuelling inflation” but added that pay settlements were being kept under review and no decisions had been made.

Politics latest: Chancellor announces new measures for mortgage holders

Advice from the pay review bodies for teachers and junior doctors has now been received by ministers and is expected to be published next month – alongside the formal pay offers.

It has been reported that the recommendation for teachers is higher than previous settlements and could stretch to 6.5%.

Speaking to the Times, Education Secretary Gillian Keegan said: “If we fuel inflation, we will all be poorer for longer… It’s impacting the price of everything.

“But what often looks like the obvious answer – pay me more – we all know how that works”.

Department for Education officials said Ms Keegan was speaking broadly about public sector wages and was not speculating on the outcome of the pay review process.

A source at the Department for Heath and Social Care said ministers were “considering carefully” the pay guidance and will publish a response in due course.

TUC General Secretary Paul Nowak said: “UK inflation is not being driven by public servants. Their household budgets are under such pressure that we’ve got nurses and teachers using food banks.

“Playing politics with working people’s incomes is not only deeply cynical, but it puts all of our futures at stake.”

Further strike action has been announced for next month by junior doctors and teachers.

Read more:
Junior doctors to strike ‘in longest single walkout in NHS history’
Government plans to house migrants in marquees

It is not unprecedented for review recommendations to be overruled, but the move does risk inflaming the ongoing disputes with unions and causing tension within government.

Ministers have previously pointed to the pay review bodies as a non-partisan way to resolve industrial disputes.

But some unions have refused to submit evidence to the panels over concerns about the fairness of the process.

Click to subscribe to Beth Rigby Interviews… wherever you get your podcasts

Government sources suggested the feasibility of wage deals would depend on factors such as where the money was coming from and whether it was paid as a one-off settlement or an ongoing commitment.

Earlier this year, unions representing some NHS workers agreed to a 5% increase alongside a one-off payment.

The Royal College of Nursing rejected this settlement, and the results of their ballot for further strike action are expected next week.

admin 0 Comments

Uncategorized

Mar 12 2023

Warning of ‘existential threat’ to UK tech sector after failure of Silicon Valley Bank in the US | Business News

Dozens of early-stage tech companies in the UK have warned the chancellor of “an existential threat” to the sector following the failure of Silicon Valley Bank in the US.

The Bank of England has said it is seeking a court order to place SVB UK into an insolvency procedure, after US regulators took over its parent company on Friday.

The Treasury and the Bank of England are trying to minimise the disruption that could stem from a collapse of the UK arm of the bank.

But, in a letter addressed to Chancellor Jeremy Hunt, more than 250 tech firm chief executives have been quick to voice their concerns.

The letter, first reported by Sky News City editor Mark Kleinman, said: “The recent news about SVB going into insolvency represents an existential threat to the UK tech sector.

“This weekend the majority of us as tech founders are running numbers to see if we are potentially technically insolvent.”

The letter said that the “majority of the most exciting and dynamic tech businesses” bank with SVB and have “no or limited diversity in where their deposits are held”.

It added: “Most businesses are operating on very fine margins in the current economy and the contagion from the initial insolvencies will be vast and impact the economy far beyond the tech sector.”

‘Significant impact on the UK’s tech start-up ecosystem’

The feelings were echoed by the Coalition for a Digital Economy (Coadec), a non-profit campaigning for policies to support digital start-ups.

Coadec’s executive director, Dom Hallas, said: “It is clear this could have a significant impact on the UK’s tech start-up ecosystem.

“In light of the concern and panic, I wanted to share an update on what we know and where we are.

“We know that there are a large number of start-ups and investors in the ecosystem who have significant exposure to SVBUK and will be very concerned.

“We have been engaging with the UK government, including Treasury and No 10, about the potential impact and I know that work has been going on overnight on policy options.”

Treasury: UK’s banking system remains strong and resilient

The Treasury has insisted that Britain’s banking system remains strong and resilient, adding that issues affecting Silicon Valley Bank are specific to it and don’t have implications for other banks in the UK.

Mr Hallas said discussions with the Treasury will continue today, adding: “Of course, the ticking clock is a huge problem for companies.

“Right now, the key concerns remain immediate liquidity for companies and functional access to banking services on Monday.”

Read more:
NatWest chief gets huge bonus as bank reveals profits surged
Grant Thornton UK partners to vote on Indian investment

Possible salvage bid?

Meanwhile the Bank Of London has declined to comment on a report that it was weighing bids to salvage the British arm of SVB.

Sky News reported that the clearing bank, launched just two years ago, was considering an offer, although it was unclear how credible this would be, given its own fledgling status.

The Bank of London recently raised funds at a valuation of over $1bn.

admin 0 Comments

Uncategorized

Aug 2 2022

Liz Truss extends poll lead over Rishi Sunak after public sector pay plan U-turn | Politics News

Liz Truss has extended her lead over Rishi Sunak among Tory members, according to a new poll, after the foreign secretary U-turned on a plan to link public sector pay to regional living costs.

On Monday night, the leadership race frontrunner said she would save £8.8bn by introducing regional pay boards instead of national ones to set salaries for civil servants, reflecting where they lived.

But experts warned that to reach the sum, the plan would have to branch out further than government departments, with the likes of teachers, nurses, and police officers also receiving lower pay than workers in the South.

It led to outrage from Conservative MPs, and by lunchtime today – less than 24 hours later – Ms Truss’ team had released a statement saying the policy would not be taken forward.

Politics Hub: Sunak allies attack Truss public sector pay plan

A statement insisted “current levels of public sector pay will absolutely be maintained”, adding: “Our hard-working frontline staff are the bedrock of society and there will be no proposal taken forward on regional pay boards for civil servants or public sector workers.”

Team Truss also claimed there had been a “wilful misrepresentation” of the policy, but former Tory whip Mark Harper said they should “stop blaming journalists” for reporting on the details in her own press release.

A Team Sunak source pointed to comparisons made between Ms Truss and former PM Margaret Thatcher, twisting her famous phrase for today’s events: “The lady is for turning.”

While the influential Tory mayor of the Tees Valley, Ben Houchen, told reporters the policy would be “a sure-fire way to lose the next general election”.

The first major error from Ms Truss’s campaign came as Mr Sunak battles to make up ground during what is a key week in the contest for the keys to No 10.

But the day ended on a high for Ms Truss following the publication of the latest YouGov poll of Conservative members, which shows she has extended her lead over Mr Sunak to 34 points in the Tory leadership race.

The survey, carried out for The Times, finds that 60% of party members are now saying they will vote for the foreign secretary to succeed Boris Johnson as prime minister.

This is compared to just 26% for former chancellor Mr Sunak.

Analysis: Sunak supporters will fear the game is up

Jon Craig

Chief political correspondent

@joncraig

After a day in which Liz Truss’ Tory leadership campaign took a battering over her regional pay blunder, suddenly it’s Rishi Sunak who’s on the ropes, according to a shock new poll.

What’s surprising is not just the massive lead the YouGov poll suggests Ms Truss now has over Mr Sunak, but the claim that almost nine in 10 Tory members have already made up their mind.

At 26%, the level of support for the former chancellor is dismal, and the 60% predicted to back the foreign secretary will calm nerves in her camp after her embarrassing public sector pay U-turn.

Although it’s only one poll and opinion polls are just a snapshot, YouGov’s findings suggest Ms Truss could be heading for a victory as decisive as Boris Johnson’s over Jeremy Hunt in 2019.

Then Mr Johnson polled 66.4% of the votes of party members and Mr Hunt 33.6%, a winning margin of nearly 33%, similar to the 34-point lead YouGov now gives Ms Truss over Mr Sunak.

The YouGov poll also suggests only 14% of party members are undecided or say they won’t vote, and it fiercely contradicts an earlier private poll suggesting the gap had narrowed to just five points.

YouGov’s last poll before this one was carried after the five rounds of voting by MPs, when Penny Mordaunt was eliminated, and suggested a 24-point lead for Ms Truss over Mr Sunak, by 62%-38%.

The apparent widening of the gap, in the week party members receive their ballot papers, will delight Truss supporters – and, no doubt, those of the ousted Mr Johnson who want to see Mr Sunak crushed.

But it is likely to plunge the Sunak camp into gloom, panic and despair and spread fears in his team that the game is up for the former chancellor, even before most Tory members cast their vote.

The poll, carried out over the last five days, shows that Ms Truss is now ahead of Mr Sunak among all age groups, across different parts of the country and with men and women.

The only category where he beats Ms Truss is among Tory Remain supporters.

The YouGov survey published today also found that almost nine in 10 Conservative members have now made up their minds how they will vote ahead of ballot papers going out this week.

But it will concern both potential next leaders that more than 50% of party members believed that whoever was elected to succeed Mr Johnson would lose the party its majority at the next election.

Just 19% of members thought Mr Sunak could lead the Tories to victory, while 39% thought Ms Truss could see off a challenge from Labour.

As the leadership race continues to heat up, candidates Mr Sunak and Ms Truss will once again face the cameras this week on Sky News.

Taking place on Thursday 4 August at 8pm at Sky Studios in west London, The Battle for Number 10, will see the candidates take part in back-to-back questioning from the live studio audience made up of Conservative Party members who remain largely undecided on who to vote for.

This will then be followed by an in-depth interview with Kay Burley.

The programme will be broadcast live for 90 minutes and for free on Sky News channel 501, on Freeview 233, on Sky Showcase channel 106, and across Sky News’ digital channels.

admin 0 Comments