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» News

Latest website and industry news at a glance..
Budget 2013: 'UK government should build more homes'
Date: 03/11/2013

Boosting homebuilding and infrastructure spending should be the main goal of the forthcoming Budget, according to business lobby groups.

The CBI and the British Chambers of Commerce (BCC) want tens of thousands of new homes to be built to create new jobs and provide affordable homes.

But they say that the government should stick to its plans to cut borrowing.

However, the BCC says that the government should borrow more if there is no growth within six months.

The BCC is advocating a range of measures, including the building of 100,000 new homes, which it says will cost almost £30bn over three years.

John Longworth, director general of the BCC, said: "If within the next six months there is no prospect of growth... you might have to consider actually borrowing more money but you should only do it to fund areas that the market would forgive."

Building confidence

The CBI says £2.2bn should be moved from current spending to "high-growth areas". Some of this money should be used to build 50,000 new affordable homes, which it says would create 75,000 jobs.

The group also wants more investment in roads and infrastructure and a cap on business rates.

The CBI said money could be found from savings within government departments as well as sales of land and property, and insisted there would be no need for further borrowing.

Tax incentives should be provided to encourage the refurbishment of existing properties, the CBI added.

CBI director general John Cridland told the BBC the plan would address a range of problems: "We need Housing Associations to be freed up going forward to build the affordable housing needed.

"If we want nurses and firemen to be able to live in London we need to build these homes. You create construction jobs - and jobs for young people because these are entry-level jobs - and you build confidence."

He said the government should stick to its fiscal plan, but that these measures were also needed to boost the housing market and would benefit first-time buyers, those trapped in negative equity and those looking to refurbish their homes.

Last month, the CBI said that the UK would avoid falling into a so-called triple-dip recession.

The group believes that the UK economy will grow by 0.3% in the first quarter of the year, after the economy shrank in the last quarter of 2012 - the first period in what some feared might be another six months of negative growth.

Spending debate

The suggestions come as the coalition partners continue to debate whether the government's austerity plans are the right course for the current flat economic conditions.

Both Prime Minister David Cameron and his Chancellor, George Osborne, are determined to keep to their plans to rein in spending.

On Monday, the former defence secretary, Liam Fox, a Conservative, called on the government to freeze the level of public spending for five years and spend the money saved on cutting taxes and the deficit.

He wants all public spending frozen - as against the current freeze for Whitehall departmental budgets.

He is also urging an end to the ring-fencing of certain budgets, including the NHS, schools and universal benefits such as the pensioners' winter fuel allowance.

The Liberal Democrat Business Secretary, Vince Cable, is also against ring fencing, although for different reasons.

He told the BBC that protecting some departments intensified the burden on others: "When you have 80% of all government spending that's ring-fenced it means all future pressures then come on things like the army, the police, local government, and skills and universities.

"So... you get a very unbalanced approach to public spending... I think as a long-term approach to government spending, it isn't very sensible."

George Osborne will announce the Budget on 20 March.

.. read more

Portsmouth administrators rack up £2.2m in fees
Date: 02/28/2013

PKF ADMINISTRATORS have racked up £2.2m in fees for their work on the collapsed football club Portsmouth FC, according to the latest creditor report.

The administrators have incurred the £2.2m of fees in time costs for the period 17 February 2012 to 2 January 2013. This is for 7,295 hours of work which is an average of about £297 an hour.

However, the administrators have managed to draw £775,000 so far following approval from a creditor committee. At the end of the administration the administrators will decide on the percentage of their fees to be repaid with that figure needing creditor committee approval before it can be drawn. 

The club entered administration for the second time in two years on 17 February, with PKF partners Trevor Birch, Ian Gould and Bryan Jackson appointed.

Fees for the six months ending 2 January 2013 amounted to £851,671 for 2,905 hours of work at an average hourly rate of £293 per hour.

The administrators are currently awaiting a court hearing which will determine whether a rescue deal will be viable through a sale to the Portsmouth Supporters Trust (PST).

The administrators said in the latest creditor report that "if a sale can't be achieved a liquidation is the most viable option."

PST has funded some of the trading costs amounting to £244,061. However, preferential claims so far come in at about £52,000 and unsecured creditor claims are about £35m, which £11.4m as football creditors.

In a football insolvency, football creditors such as players, managers and other clubs, are paid first and in full.

Other costs highlighted include solicitor fees for Pinsent Masons which for the year come in at about £1.24m and £79,000 for George Davies, who acted for the Professional Footballers' Association, on negotiation of player wage deferrals and agent fees.



Read more: http://www.accountancyage.com/aa/news/2251286/portsmouth-administrators-rack-up-gbp22m-in-fees#ixzz2MDIYWmB7 

.. read more

What makes a good temp?
Date: 03/17/2012

With the economic situation still having a massive bearing on the jobs front, temporary work could be a lifeline, but is it for everyone?

If you are considering temporary work, what can you do to make sure you’re the one Recruitment Consultants think of first when a new assignment comes in? Is temping really for you?

Sell yourself in a professional way to your recruitment agency.
When an agency are looking for a dependable temp, tell them why you are good. Are you flexible? Versatile? Quick at picking things up? Do you have the skills that are required? Easy to get along with? Are you available at short notice?

Sell yourself to the recruitment consultant as you would in a job interview: make a list of your previous jobs and highlight key accomplishments and skills you’ve gained.

Understand how recruitment agencies work.

Picture the scene; A company have a problem, it may be that they have an increased workload, a project that needs to be completed ASAP or a key employee has gone off sick. The want someone with relevant skills to help them. This is where you come in.

Think of yourself as a mercenary!
You have skills that are transferable; you have the experience that would benefit the Company. You have good communication skills. You have the skills that are needed, you are good at creating and developing relationships, you are available at short notice. You can help them!

Be flexible in every way you can!
Flexibility is the key to being a successful temp. It’s not just about being flexible in terms of when you start on a new assignment, either. If you want the work to keep coming your way, you need to be flexible in terms of the rate you’re paid for short term assignments; and the role you have.

How keen are you to get work?
What can you do if, on a Friday afternoon, you find yourself without an assignment or any work for the following Monday? Perhaps you are considering temping whilst looking for your ideal permanent role?
It seems clear that if you go the extra mile to get the work, by keeping in close contact with your consultant and contacting the agency on a regular basis, you’re more likely to be successful in ensuring the money keeps coming in. Remember, be persistence.

Will temping look bad on your CV?
We are often asked about this point. Some people do not want to temp as they believe it will detract from their stable work history. Our advice is to keep on working (if that is what you want/need) Gain more skills, gain more experience on different computer packages and more business sectors. If you have been temping for some time, group your experiences together and list your key skills and experience. Good employers will understand.

What happens next?
Many of the temporary people we work with at Ba Recruitment, we have known for some time. We have developed relationships with people we have found dependable and versatile. However, we are always looking for good people. It’s up to you to develop a relationship with your agency and whilst you are temping a good agency will always keep you in mind when a suitable permanent jobs comes in.

Happy job hunting!

.. read more

News From The BBC

BBC News - UK

BBC News - UK


UK explores multi-billion pound free trade deal with China
Sun, 24 Jul 2016 17:00:39 GMT

Chancellor Philip Hammond insists EU is not in "punishment mode" over Brexit vote and tells the BBC he wants talks on developing a free trade relationship with China.

Two arrested over Bosworth Water Park death
Sun, 24 Jul 2016 16:23:06 GMT

Two people are arrested after a five-year-old boy died in a suspected drowning at a water park in Leicestershire.

Tour de France 2016: Chris Froome completes third race victory
Sun, 24 Jul 2016 20:03:54 GMT

Chris Froome reaches the finish line in Paris to become the first British rider to defend the title and win three Tours de France.

Dover delays: Queues ease but delays 'could last for weeks'
Sun, 24 Jul 2016 17:47:54 GMT

Lengthy delays for motorists travelling to Dover ease but Kent Police warn that some disruption at the port could last for weeks.

John McDonnell: Corbyn's critics willing to 'destroy' Labour
Sun, 24 Jul 2016 14:33:55 GMT

Shadow chancellor John McDonnell attacks Jeremy Corbyn's critics amid a row over "unauthorised" access to a Labour MP's office.

Camber Sands sea search: One missing and two rescued
Sun, 24 Jul 2016 17:38:56 GMT

A man is missing and two others have been taken to hospital after being pulled from the sea on the east Sussex coast.

Hungarian Grand Prix: Lewis Hamilton wins to take lead in drivers' championship
Sun, 24 Jul 2016 13:52:35 GMT

Lewis Hamilton cruises to victory at the Hungarian Grand Prix to take the championship lead for the first time this season.

Ross Hussey: UUP MLA apologises for sending naked photos
Sun, 24 Jul 2016 13:24:36 GMT

A Northern Ireland politician apologises "unreservedly" after sending naked photographs of himself to an undercover newspaper reporter.

William Hill faces takeover bid from 888 and Rank tie-up
Sun, 24 Jul 2016 18:36:19 GMT

William Hill is expected to receive a takeover offer from rival gambling firms 888 and Rank Group after the two companies joined forces to make a possible bid.

Think tank says unionists must offer Scotland EU options
Sun, 24 Jul 2016 14:06:35 GMT

Unionists must present options to maintain Scotland's relationship with the European Union or risk the break-up of the UK, says a think tank.

Seven teenagers held after Hyde Park water fight disorder
Sun, 24 Jul 2016 10:17:28 GMT

Seven teenagers are arrested in connection with a night of widespread disorder near Hyde Park in London.

'Carnage' after Wollaston Co-op cash machine ram-raid
Sun, 24 Jul 2016 08:49:21 GMT

A cash machine is stolen in a ram-raid which left "carnage" at a shop in Wollaston, Northamptonshire.

How the Leave campaign won
Sun, 24 Jul 2016 09:07:35 GMT

BBC Newsnight's Nicholas Watt tells the inside story of how the Leave campaign won the EU referendum.

Dover traffic: 'We were stuck in traffic for 16 hours'
Sun, 24 Jul 2016 07:19:30 GMT

Ollie Burridge tells the BBC he and his family were stuck in traffic for sixteen hours waiting to board a ferry at Dover.

Anniversary Games: Usain Bolt wins 200m
Fri, 22 Jul 2016 21:45:40 GMT

Usain Bolt wins the 200m at the Anniversary Games and says he is "getting there" in his preparation for the Rio Olympics.

Moving to No 10: What the PM should expect
Sat, 23 Jul 2016 13:38:25 GMT

As if moving house isn't stressful enough...

'UKIP's going to be, like, on steroids'
Sat, 23 Jul 2016 15:27:30 GMT

One month on from the UK's vote to leave the European Union, how does UKIP see the future?

France coach crash: UK pupils from Cheltenham injured
Sat, 23 Jul 2016 22:37:49 GMT

A coach crash in eastern France near the Swiss border injures 15 pupils from a Cheltenham school.

The Speaking Clock: 80 years of accuracy
Sat, 23 Jul 2016 23:02:20 GMT

On 24 July 1936, the speaking clock talked for the first time.

BBC News Channel
Wed, 16 Mar 2016 12:34:37 GMT

Britain's most-watched news channel, delivering breaking news and analysis all day, every day.

Leader of the pack
Sun, 24 Jul 2016 19:28:48 GMT

Chris Froome wins two stages, survives crashes, runs up Mont Ventoux and sees five other British stage wins in a historic 2016 race.

Dover delays
Sun, 24 Jul 2016 13:29:36 GMT

As motorists continue to face a long wait on their journey through Kent, how have people coped with being stuck in their cars for hours.

Barmaids and Brazilians
Sat, 23 Jul 2016 23:32:33 GMT

England's victory in the 1966 World Cup is now a part of the national legend but the tournament had a lasting impact on the country itself.

Bourne again
Sun, 24 Jul 2016 00:06:13 GMT

The new Jason Bourne film might feature a plot involving a global social network, but don't expect to find its director Paul Greengrass tweeting about it any time soon.

Wave goodbye
Sat, 23 Jul 2016 23:20:29 GMT

It has been a hair routine for decades, but salons are having to change tack as numbers seeking the traditional shampoo and set decline.

One month on
Sat, 23 Jul 2016 23:29:32 GMT

One month on from the Brexit vote, how divided is Britain? Newsnight's Katie Razzall assesses the mood across the North West of England.

Engineering innovation
Sat, 23 Jul 2016 23:21:52 GMT

Robot Wars judge Noel Sharkey shares his memories of the programme.

'Singled out'
Sat, 23 Jul 2016 07:15:29 GMT

Supporters of the man blamed by the Turkish government for last week's attempted coup tell BBC News they have been the target of threats and abuse in the UK.

Bunker broadcasting
Sat, 23 Jul 2016 00:56:32 GMT

The BBC has revealed plans drawn up in the Cold War on how it planned to operate from 11 underground bunkers across the country in the event of a nuclear strike.

From the ashes
Fri, 22 Jul 2016 23:38:59 GMT

As the Museum of London prepares to mark the 350th anniversary of the Great Fire of London, BBC News looks at its lasting impact on the capital.