Government

Banks fail to meet lending target for 2011

The Government is to scrap the Merlin Project this year
Posted on 11 Feb 2012 by

Under Project Merlin, four of the ‘Big Five’ banks have beaten their lending targets, while RBS lent £3.3bn less than its target, leaving a shortfall of £1.1bn in loans for small and medium sized companies.

Lloyds, HSBC, Santander and Barclays all met their lending targets to SMEs (Small to Medium-…

UKIP calls on Govt to intervene in BAE shipbuilding review

Posted on 8 Feb 2012 by Tim Brown

The UK Independence Party has called on the government to intervene in a review of UK operations being carried out by defence firm BAE Systems in order to future-proof the Royal Navy shipbuilding industry in England.

BAE has engaged LEK Consulting to review the UK arm of its business. According to UK…

US manufacturers add 50,000 jobs in January

Posted on 3 Feb 2012 by Tim Brown

The US unemployment rate fell to 8.3% in January, its lowest level in nearly three years, thanks to the creation of 243,000 net jobs.

It is the fifth straight month that the jobless rate has declined since August, when it stood at 9.1 percent. Private-sector employers actually added 257,000 jobs in …

Chris Huhne rages as feed-in tariff appeal gets thrown out of court

Chris Huhne
Posted on 25 Jan 2012 by

The Department for Energy and Climate Change has lost its appeal against December’s judicial review, which means it cannot put its feed-in tariff cuts into action until March.

The government will now have to introduce its reduction from the current rate of 43.3p per kilowatt hour, to a 21p rate for s…

UK should take German lessons, says Unite’s Burke

Posted on 18 Jan 2012 by

The UK needs to take a lead from Germany in building a manufacturing ‘ecosystem’, says assistant general secretary of Unite Tony Burke, who supports a recent report by the Trades Union Congress.

The UK needs a new manufacturing ecosystem, bringing together policies on skills, procu…