Coalition still too complacent on tax

first_img Share whatsapp IT IS heating up here in Birmingham at the Conservative Party conference. George Osborne is about to launch a scathing attack on Ed Miliband for failing to grasp the importance of cutting the deficit; and a deal has been agreed to sweep away the plethora of incentive-destroying benefits, eventually replacing them with a single payout designed to ensure that work always pays more than welfare.All good stuff. But the government remains too complacent on tax. I have learnt that around 25-50 hedge funds have already moved out to Switzerland, with up to 10 relocated to Jersey. Meetings regularly take place between Jersey and other, much larger financial institutions, including top UK-based asset managers.Kinetic Partners estimates that around 1,000 hedge fund managers have already left the UK; it puts their average income at £1.5m-£2m per year. The loss to the exchequer has now reached a minimum of £500m and is probably much higher. Two individual moves alone will have cut the exchequer’s revenues by £200m.Over time, the biggest problem will not be the jobs that actually relocate – it is the jobs that won’t be created in the UK, including support staff, retailers and others. We ought to be trying to attract companies and labour, not to repel them. The Kinetic report adds that the increasingly nasty political climate, constant banker-bashing and general anti-capitalist mood music is also beginning to drive people away. Nobody likes to be loathed.The research, which comes barely a week after Wolseley became the latest high-profile firm to relocate for tax reasons to Switzerland (and to Jersey), makes for grim reading. Wolseley will save about £23m a year in reduced taxes. That is grim news for the Treasury as this could pay for 230 GPs or 1,000 nurses. The damage from the hedge fund exodus is substantially greater. Those who dislike the City should pay attention: you can’t claim to like jobs yet hate those who create or pay for them.This quantification of the harm caused by Britain’s counter-productive return to the politics of envy is backed up by a separate study from the Institute of Directors. The UK’s corporation tax rate of 28 per cent means that 18 out of 31 OECD countries now have lower rates. Even the planned rate of 24 per cent will not put the UK in front of the pack. Skilled workers look for low marginal tax rates; this is especially true of those based in London, many of whom have already left one country in search of better work. The 40 per cent rate was just about tolerable, although it was becoming increasingly uncompetitive. The 50 per cent rate is too high, especially when accompanied by other measures such as the hike in capital gains tax, the assault on non-doms and higher national insurance contributions (which take the real top rate to 51.5 per cent, one of the highest in the world). The never-ending consultation on reforms to international taxation, including the destructive controlled foreign companies (CFCs) regime, may be going well but the process is too slow and insufficiently credible to stop the exodus.Waging war on the “rich” is always fashionable in difficult times. But it is also the best way to kill jobs and lose tax receipts. The coalition needs to act: trimming spending is not enough – Britain also desperately needs a pro-growth tax [email protected] Show Comments ▼ whatsapp Coalition still too complacent on tax center_img KCS-content Sunday 3 October 2010 11:25 pm Tags: NULLlast_img read more

Mauritius Union Assurance Co. Limited (MUA.mu) HY2008 Interim Report

first_imgMauritius Union Assurance Co. Limited (MUA.mu) listed on the Stock Exchange of Mauritius under the Insurance sector has released it’s 2008 interim results for the half year.For more information about Mauritius Union Assurance Co. Limited (MUA.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Union Assurance Co. Limited (MUA.mu) company page on AfricanFinancials.Document: Mauritius Union Assurance Co. Limited (MUA.mu)  2008 interim results for the half year.Company ProfileMauritius Union Assurance Co. Limited offers general insurance for individuals and corporates. The company operates through Casualty, Property, Life, and Other segments, where the Casualty segment offers motor, liability and cash in transit, personal accident and health insurance products. The Property segment provides fire and allied perils, engineering, marine, and all risks insurance products. The Life segment offers life and pension insurance products. The Other segment provides stock-broking services. The company provides additional financial services as well, where housing, educational and vehicle loans are offered. Mauritius Union Assurance Co. Limited has four subsidiaries that work under it, Feber Associates Ltd, National Mutual Fund Ltd and Phoenix TransAfrica Holdings Ltd are fully owned subsidiaries. The Group also owns an 80% stake in Associated Brokers Ltd. Mauritius Union Assurance Co. Limited is listed on the Stock Exchange of Mauritius.last_img read more

NBS Bank Limited (NBS.mw) HY2009 Interim Report

first_imgNBS Bank Limited (NBS.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2009 interim results for the half year.For more information about NBS Bank Limited (NBS.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the NBS Bank Limited (NBS.mw) company page on AfricanFinancials.Document: NBS Bank Limited (NBS.mw)  2009 interim results for the half year.Company ProfileNBS Bank Limited is a leading commercial bank in Malawi; providing corporate and retail banking solutions, and treasury managements products and services. The company was established in 1964 when Central Africa Building Society, Commonwealth Century Building Society and First Permanent Building Society merged to form New Building Society (NBS). The financial institution became a commercial bank in 2004 after it was issued a banking license by the Reserve Bank of Malawi. NBS Bank is a subsidiary of NICO Holdings Limited. In addition to general banking products and services for the corporate and private sector, NBS Bank provides solutions for international trade, SME loans, asset finance and mortgage loans and short- and long-term insurance products. NBS has a national network of 37 service centres, with its head office based in Blantyre, Malawi. NBS Bank is listed on the Malawi Stock Exchangelast_img read more

Glicinas Courtyard / Amelio-Ortiz

first_img Photographs Projects Area:  500 m² Year Completion year of this architecture project “COPY” Uruguay ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/879473/glicinas-courtyard-amelio-ortiz Clipboard CopyAbout this officeAmelio-OrtizOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousingApartmentsRefurbishmentAdaptive reuseColonia del SacramentoUruguayPublished on September 18, 2017Cite: “Glicinas Courtyard / Amelio-Ortiz” [Patio de las Glicinas / Amelio-Ortiz] 18 Sep 2017. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogWoodTechnowoodPergola SystemsWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialCommunications2NIntercom – 2N® IP BaseSkylightsLAMILUXGlass Skylight FE Pyramid/HippedConcreteKrytonCrystalline Waterproofing – KIMWood Boards / HPL PanelsBruagWall Cladding – MDF Perforated PanelsStonesMikado QuartzQuartz Slab – ClassiqueFloorsFranken-SchotterFlooring Panels – Dietfurt LimestoneWindowspanoramah!®ah! CornerFittingsSaliceStorage Accessories – Excessories, Pull- outArmchairs / Couches / Futons / PoufsEmuSeating System – TamiMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/879473/glicinas-courtyard-amelio-ortiz Clipboard “COPY” Houses Year:  CopyHouses, Apartments, Adaptive Reuse•Colonia del Sacramento, Uruguay 2014 ArchDaily Glicinas Courtyard / Amelio-OrtizSave this projectSaveGlicinas Courtyard / Amelio-Ortiz Architects: Amelio-Ortiz Area Area of this architecture project Glicinas Courtyard / Amelio-Ortiz Photographs:  Claudio ManzoniRenders:Architect Tomás ViegenerProject Author:Osvaldo P. Amelio-OrtizArchitect In Charge:Osvaldo P. Amelio-OrtizCity:Colonia del SacramentoCountry:UruguayMore SpecsLess SpecsSave this picture!© Claudio ManzoniRecommended ProductsWoodLunawoodThermowood FacadesWoodTechnowoodPergola SystemsWoodHESS TIMBERTimber – GLT HybridPorcelain StonewareCosentinoSurfaces – Dekton® Chromica CollectionText description provided by the architects. In a privileged environment, a creative project brings together eight apartments around a central courtyard. An old mansion of the last century was recycled with an architecture that retains the charm of tradition and generates in turn a comfortable and convenient space.Save this picture!© Claudio ManzoniSave this picture!Ground and Underground Floor PlanSave this picture!© Claudio ManzoniProject gallerySee allShow lessZaha Hadid Architects’ Light Projection Show Transforms 18th Century Baroque Palace …VideosAmanda Levete: Crossing Thresholds is the Essence of ArchitectureArchitecture News Share Save this picture!© Claudio Manzoni+ 23 Sharelast_img read more

HMRC: salary sacrifice can’t be used to donate via payroll giving

first_img Howard Lake | 7 September 2009 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis31 Workplace Giving UK, which promotes giving to charity via the payroll, has secured a clarification from HMRC on whether workplace giving could operate via salary sacrifice schemes.Elena Joseph, charity liaison director at Workplace Giving UK, was aware that some large employers were operating workplace giving for their employees via their salary sacrifice schemes. She added: “we didn’t want any of the companies and charities we work with to fall foul of any legislation, so we were very keen to get some clarification from HMRC”.Nick Jones, senior policy adviser at HMRC wrote advising: “For a salary sacrifice arrangement to be effective, the employee should have given up control of the money sacrificed. This is explained in more detail in HMRC ./guidance which can be found online at Advertisement HMRC: salary sacrifice can’t be used to donate via payroll giving Tagged with: HMRC Law / policy legaciescenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  245 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis31 www.hmrc.gov.uk/specialist/salary_sacrifice.pdfAs is clear from this ./guidance, a salary sacrifice arrangement is not effective if, in practice, the employee has merely asked the employer to apply part of his cash remuneration on his behalf.”Joseph expanded on this interpretation, saying that HMRC had “clarified that Workplace Giving schemes were always intended to allow individual employees the freedom of choice to make donations to causes that were important to them.“Unfortunately, salary sacrifice schemes cannot allow such a choice as in effect the individual employee is “sacrificing” his or her salary and cannot therefore have any say over what charity or cause it ends up with. An employer can nominate a cause and invite employees to sacrifice salary via such schemes for that charity but the actual donation eventually made is a corporate donation from the company and not an individual donation from the employee.”Workplace Giving UK point out that there is nothing to stop employers running both salary sacrifice schemes and Workplace Giving schemes. However, they are very different methods of giving to charity.It is now clear that salary sacrifice can not be used to donate to the charity of an individual’s choice via the payroll.www.workplacegiving-uk.comlast_img read more

Pasadena Delta Foundation Receives $25,000 Donation From SoCalGas to Fund Scholarships

first_img Make a comment Herbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeauty10 Special Massage Techniques That Will Make You Return For MoreHerbeautyHerbeautyHerbeautyWhy Luxury Fashion Brands Are So ExpensiveHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Pulse PollVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News STAFF REPORT First Heatwave Expected Next Week Subscribe Business News Name (required)  Mail (required) (not be published)  Website  Community News Top of the News center_img 62 recommended0 commentsShareShareTweetSharePin it Non-Profits News Pasadena Delta Foundation Receives $25,000 Donation From SoCalGas to Fund Scholarships STAFF REPORT Published on Tuesday, March 16, 2021 | 12:26 pm CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff The Pasadena Delta Foundation has received a $25,000 donation from the Southern California Gas Co. to use for scholarships for students in minority groups studying STEM fields, the utility announced Tuesday.The donation was one of two $25,000 gifts announced by SoCalGas. The other went to the Riverside-based Society of Extraordinary Women, the company said in a written statement.The Pasadena Delta Foundation, which is operated by the Pasadena Alumnae Chapter of Delta Sigma Theta Sorority, plans to use the funds to distribute five $5,000 scholarships to “deserving students currently enrolled in a four-year college with a STEM field major by providing scholarships for the completion of their degrees and to further enhance their competitiveness in the workforce,” according to the statement.The scholarships can be used for tuition, living expenses, school supplies, study materials, and additional courses.Pasadena Delta Foundation President Debra Ward-Samad thanked SoCalGas for the funding.“The Pasadena Delta Foundation, Inc. is excited to present STEM scholarships to underrepresented students in the greater Pasadena area,” she said.“We are extremely grateful and proud to partner with SoCalGas to provide necessary funding to make these opportunities a possibility for our college students,” according to Ward-Samad. “These funds will allow our students the financial freedom to pursue their interests in STEM freely.”The donations were part of SoCalGas’ ongoing efforts in support of “racial equality and social justice focused on equality and inclusion,” the statement said.More information on the Pasadena Delta Foundation and the Pasadena Alumnae Chapter of Delta Sigma Theta Sorority can be found online at dstpasadena.com. STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Your email address will not be published. Required fields are marked * EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Subcommittee: Arbitration Ban Raises Costs for Consumers

first_imgSign up for DS News Daily About Author: Brian Honea Previous: FHA Proposes Enhancements to HECM Program Next: DS News Webcast: Thursday 5/19/2016 Arbitration Clauses CFPB Consumer Financial Protection Bureau House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit 2016-05-18 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Subcommittee determined that a May 2015 study by the CFPB which showed more favorable outcomes for consumers who use arbitration as opposed to class action lawsuits is incomplete and ignores important information. The Subcommittee also pointed out that class action suits give little benefit to consumers while providing a windfall to trial lawyers. In the CFPB’s own study, the Subcommittee noted that 13 percent of class action lawsuits that actually benefited consumers had an average payout of just $32 while trial lawyers earn an average of $1 million per settled case—about 31,000 times the average payout.“The CFPB’s study tried to provide that businesses do not pass on cost savings from arbitration to consumers and employees, but that attempt was unpersuasive,” Pincus said. “As the academics who reviewed the CFPB’s study concluded, the CFPB’s findings on this point were plagued by ‘theoretical problems’ and ‘technical failures,’ and they fly in the face of ‘[b]asic economic theory,’ which ‘predicts that competition forces firms to pass on to consumers [or employees] at least a portion of any cost decrease.”Other determinations by the Subcommittee on Wednesday include: The Bureau’s own study found that consumers are more likely to obtain decisions based on the merits in arbitration as opposed to class actions, which almost always result in settlements before they can go to trial. Also, according to the CFPB’s study, arbitration is up to 12 times faster than litigation and costs about half as much.Dong Hong, a witness at the hearing, said, “Due in part to consumers paying little to nothing for arbitration proceedings, they recover significantly higher sums than they do through class actions—$5,389 vs. $32.35 average recovery. In contrast, litigation can be complicated, time-consuming and requires a lawyer to navigate the process. In addition, many consumer claims may be too small to attract contingency fee lawyers.”Neugebauer tweeted about the hearing on Wednesday, “My friends on the other side of the aisle asked a trial lawyer to come speak in favor of the CFPB’s Arbitration Rule. I rest my case.” The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Arbitration Clauses CFPB Consumer Financial Protection Bureau House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit Subcommittee: Arbitration Ban Raises Costs for Consumers May 18, 2016 1,035 Views Home / Daily Dose / Subcommittee: Arbitration Ban Raises Costs for Consumers The House Subcommittee on Financial Institutions and Consumer Credit determined in a hearing on Wednesday that the CFPB’s proposed rule to ban arbitration clauses in business contracts will result in higher costs to consumers and less access to financial products.Witnesses at the hearing included Dong Hong, VP, Regulatory Counsel, Consumer Bankers Association; Jason Scott Johnston, Henry L. and Grace Doherty Charitable Foundation Professor, University of Virginia Law School; Andrew Pincus, Partner, Mayer Brown LLP, on behalf of the U.S. Chamber of Commerce; and F. Paul Bland Jr., Executive Director, Public Justice.The Subcommittee ultimately decided that consumers would be worse off if the ban on arbitration clauses is enacted because businesses would pass litigation costs onto consumers and divert resources away from new financial products and services.“For example, arbitration produces a significantly higher recovery for individual consumers and has a shorter resolution timeline for recovery. In testimony before this Committee, the agency has stated that banning the use of class action waivers in arbitration agreements, the main provision in the Bureau’s rule, would achieve a primary Bureau objective—‘to give consumers their day in court.’ Nothing could be further from the truth,” said Rep. Randy Neugebauer (R-Texas), Chairman of the Subcommittee. “I fear a single, unelected bureaucrat has directed agency action that is arbitrary and capricious. The Bureau has failed to articulate a rational connection between the facts found in its May 2015 study and the agency action before us today.” The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days agolast_img read more

Housing Scorecard Indicates Notable Market Progess

first_img in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Foreclosures HUD HUD scorecard 2016-12-08 Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago Previous: New York Legislation May Expedite Foreclosure Proceedings Next: Ocwen Extends Corporate Debt Maturities to 2020 and 2022 Subscribe About Author: Kendall Baer Related Articles Tagged with: Foreclosures HUD HUD scorecardcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Department of Housing and Urban Development (HUD) recently released its monthly Housing Scorecard, which indicated that despite an increase in foreclosures for the month of October, the housing market is still on the path of progress.“Looking back on November, we witnessed notable progress among key indicators: a continued increase in existing home sales and an uptick in home values,” says HUD’s Katherine O’Regan. “While housing is being reenergized, there is still a need to support programs that help more hardworking, responsible Americans recover from the Great Recession.”According to the scorecard and data from ATTOM Solutions, 43,352 U.S. properties in October started the foreclosure process, which was an increase of 25 percent from September but still a decrease of 11 percent from 2015.Additionally, HUD reports that the data indicates 34,288 U.S. properties in October completed foreclosure. This was an increase of 25 percent month-over-month but, again, a decline from the year prior, specifically of 6 percent.“Foreclosure activity has been volatile in recent months as states with a substantial pool of foreclosure inventory move to reduce the backlog,” adds the report.To combat the risk of foreclosure, HUD reports that over 10.9 million mortgage modifications and other forms of mortgage assistance arrangements were completed between April 2009 and the end of October 2016.The scorecard reports that through the Making Home Affordable Program over 2.7 million homeowner assistance actions have taken place. HUD’s adds that this includes over 1.6 million permanent modifications through HAMP. Further, the Federal Housing Administration (FHA) has offered nearly 3.4 million loss mitigation and early delinquency interventions through October, according to HUD.“These Administration programs continue to encourage improved standards and processes in the industry, with lenders offering families and individuals more than 4.8 million proprietary modifications through September,” says HUD. “Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.”To view the full November HUD Housing Scorecard, click HERE. Housing Scorecard Indicates Notable Market Progess Share Save Home / Daily Dose / Housing Scorecard Indicates Notable Market Progess Sign up for DS News Daily December 8, 2016 1,563 Views last_img read more

Coronavirus live updates: Tiny island nation confirms 1st case of COVID-19

first_imgnarvikk/iStockBy MORGAN WINSOR, EMILY SHAPIRO and IVAN PEREIRA, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 1.2 million people worldwide.Over 51.5 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some national governments are hiding or downplaying the scope of their outbreaks. The criteria for diagnosis — through clinical means or a lab test — has also varied from country to country.Since the first cases were detected in China in December, the virus has rapidly spread to every continent except Antarctica. The United States is the worst-affected nation, with more than 10.2 million diagnosed cases and at least 239,683 deaths.Nearly 200 vaccine candidates for COVID-19 are being tracked by the World Health Organization, at least 10 of which are in crucial phase three studies. Of those 10 potential vaccines in late-stage trials, there are currently five that will be available in the United States if approved.Here’s how the news is developing Wednesday. All times Eastern:Nov 11, 12:06 pmUK’s death toll tops 50,000British health authorities reported 595 new COVID-19 deaths on Wednesday, bringing the United Kingdom’s death toll to over 50,000.The U.K. is the first country in the European region to top 50,000 deaths.Nov 11, 11:32 amItaly becomes 10th country to surpass 1 million casesItaly confirmed 32,961 new cases of COVID-19 in the last 24 hours, bringing its tally soaring past 1 million.The latest daily case count is just under the country’s all-time high of 39,809 on Nov. 7Italy also registered an additional 623 fatalities from COVID-19 in the past day, the highest since April but still under the country’s record of 919 deaths on March 27.The nationwide, cumulative total now stands at 1,028,424 confirmed cases with 42,953, according to data published Wednesday by Italy’s civil protection agency.Italy, once the epicenter of the coronavirus pandemic, is battling a rising number of COVID-19 infections as a second wave sweeps much of Europe. It’s the tenth country in the world to surpass 1 million confirmed cases, according to a real-time count kept by Johns Hopkins University.Nov 11, 11:22 amUnited disinfecting its busiest airports with electrostatic sprayingUnited said it’s disinfecting lobbies and terminals with electrostatic spraying at 35 of its busiest airports: Atlanta, Austin, Boston, Cleveland, Washington Reagan, Denver, Dallas Fort Worth, Newark, Fort Lauderdale, Greensboro, Guam, Honolulu, Washington Dulles, Houston George Bush, Kona, Las Vegas, Los Angeles, LaGuardia, London Heathrow, Orlando, Miami, Minneapolis/St. Paul, New Orleans, Maui, Chicago O’Hare, Portland, Philadelphia, Phoenix, San Diego, San Antonio, Seattle, San Francisco, Sacramento, Orange County and Tampa.Terminals at those airports are disinfected a few times a week and United said it plans to introduce the electrostatic spray cleaning nightly by early December.The electrostatic sprayer can “reach and uniformly coat germ-prone surfaces, including areas that conventional trigger sprays may easily miss,” United said.The airline said it hopes to expand to more airports next year.ABC News’ Gio Benitez contributed to this report.Nov 11, 10:40 amEthiopia’s case count tops 100,000 amid fears of civil warEthiopia has confirmed more than 100,000 COVID-19 cases, becoming one of just a handful of countries across Africa that have surpassed the grim milestone.Other African countries with over 100,000 confirmed cases as of Wednesday are Egypt with 109,000, Morocco with 265,000 and South Africa with 740,000. Meanwhile, the 54-nation African continent is approaching 2 million confirmed cases, according to the latest data from the Africa Centers for Disease Control and Prevention.The development comes as Ethiopia, one of Africa’s most populous countries, appears to be on the brink of civil war amid increasingly deadly skirmishes in its northern Tigray region between federal forces and Tigray’s ones.The United Nations and other groups have warned of a brewing humanitarian crisis that could affect up to 9 million people.Nov 11, 9:56 amEngland to give university students 7-day window to travel home for ChristmasUniversity students in England will be given a seven-day window next month to travel home before Christmas, with school campuses providing mass testing before they leave, according to new guidance published Wednesday by the U.K. government.After a second nationwide lockdown ends on Dec. 2, students will be allowed to travel home on staggered departure dates set by universities from Dec. 3 to Dec. 9.“The student travel window will mean students can travel having just completed the four-week period of national restrictions, reducing the risk of transmission to family and friends at home,” the U.K. government said in a press release announcing the new guidance.The government is urging universities to transition to remote learning by Dec. 9 so students can continue their education while also having the option to return home to study from there. The government said it will also work closely with universities to establish mass COVID-19 testing capacity.“Tests will be offered to as many students as possible before they travel home for Christmas, with universities in areas of high prevalence prioritised,” the government said. “If a student tests positive before their departure they will need to remain in self-isolation for the required period of 10 days. Moving all learning online by 9 December gives enough time for students to complete the isolation period and return home for Christmas.”English students at universities in Scotland, Wales or Northern Ireland are instructed to follow the guidance relevant to where they are living before returning home.The U.K. government’s universities minister, Michelle Donelan, acknowledged that the upcoming holidays “will feel different this year” due to the unprecedented situation.“We have worked really hard to find a way to do this for students, while limiting the risk of transmission,” Donelan said in a statement Wednesday. “Now it is vital they follow these measures to protect their families and communities, and for universities to make sure students have all the wellbeing support they need, especially those who stay on campus over the break.”Nov 11, 9:03 amTexas becomes first US state to surpass one million casesTexas has confirmed its one-millionth case of COVID-19, becoming the first U.S. state to do so.The Lone Star state confirmed 12,337 new cases in the past day, bringing its cumulative total to 1,010,364 confirmed cases as of early Wednesday. The state also registered an additional 114 fatalities from COVID-19, bringing its death toll to 19,337, according to a real-time count kept by Johns Hopkins University.Texas’ seven-day moving average of daily positive COVID-19 tests stands at 10%. Current hot spots within the southwestern state include the areas of Austin, Dallas, El Paso, Houston and San Antonio, according to Johns Hopkins data.Meanwhile, California is on track to become the second U.S. state to surpass one million confirmed cases. The Golden State confirmed 8,135 new cases in the past day, bringing its cumulative total to 989,432 confirmed cases as of early Wednesday, according to Johns Hopkins data.Nov 11, 8:31 amEurope clinches deal to buy up to 300M doses of Pfizer/BioNTech vaccinePfizer and BioNTech announced Wednesday that they have reached an agreement to supply up to 300 million doses of their experimental COVID-19 vaccine to Europe.The agreement with the European Commission provides a supply of 200 million doses and an option to request an additional 100 million doses, according to a joint press release from Pfizer and BioNTech.Doses allocated for European Union member states will be produced in BioNTech’s manufacturing sites in Germany as well as at Pfizer’s site in Belgium. If the vaccine candidate receives authorization from the European Medicines Agency, then doses will be ordered by the EU member states who have elected to receive the vaccine as part of the agreement.Deliveries are anticipated to start by the end of 2020, subject to clinical success and regulatory approval, according to the press release.“Today’s finalized supply agreement with the European Commission represents the largest initial order of vaccine doses for Pfizer and BioNTech to date and a major step toward our shared goal of making a COVID-19 vaccine available to vulnerable populations,” Pfizer chairman and CEO Albert Bourla said in a statement Wednesday.Last month, the European Medicines Agency began a rolling review of data on the efficacy and safety of the vaccine candidate to determine whether the drug should be authorized for use.Pfizer, a New York-based pharmaceutical giant, and BioNTech, a German biotechnology company, announced Monday that the experimental vaccine appears to be at least 90% effective in an early analysis. The European Medicines Agency said in a statement Monday that it “has not yet had a chance to formally assess these efficacy data.”Nov 11, 5:57 amVanuatu confirms first case since pandemic beganA small island nation in the southwestern Pacific Ocean has remained untouched by the coronavirus pandemic — until now.Vanuatu confirmed its first case of COVID-19 on Tuesday.Vanuatu’s Ministry of Health said the case is a 23-year-old man who had returned to the archipelago nation on Nov. 4, after traveling to the United States. He tested positive during a routine screening on the fifth day of quarantine.The man, who hasn’t shown any symptoms, will remain in isolation until health clearance is provided, according to the health ministry.“Physical distancing and personal protection measures were applied and maintained during the flight, throughout the arrival process, during transport to and during registration at the quarantine facility,” the ministry said in a press release. “The person had been identified during pre-travel registration as traveling from a higher-risk location, therefore was seated separately at the back of the plane and was screened and transported separately from other arriving passengers. The case did not share a room with anyone else at the quarantine facility and is reported to have adhered to all appropriate measures throughout the travel and quarantine process.”Nov 11, 5:27 amRussia records highest number of daily deathsRussia registered 432 deaths from COVID-19 in the last 24 hours, setting a new single-day record.An additional 19,851 new cases of COVID-19 were also confirmed nationwide over the past day, according to Russia’s coronavirus response headquarters. It’s the first time in six days that daily infections didn’t exceed 20,000.The country’s cumulative total now stands at 1,836,960 cases with 31,593 deaths, according to the coronavirus response headquarters.Moscow remains the epicenter of the country’s outbreak and recent surge. More than 22% of the newly confirmed cases — 4,477 — and nearly 17% of the new deaths — 73 — were reported in the capital, according to Russia’s coronavirus response headquarters.Despite the growing number of infections and deaths, Russian authorities have repeatedly said they have no plans to impose another nationwide lockdown.The Eastern European country of 145 million people has the fifth-highest tally of COVID-19 cases in the world, behind only the United States, India, Brazil and France, according to a real-time count kept by Johns Hopkins University.Nov 11, 5:17 amNearly 1,000 inmates at Colorado jail have tested positiveThe El Paso County Jail in Colorado has had 976 inmates and 85 staff members who have tested positive for COVID-19 since the pandemic began.The outbreak at the jail was first reported on Oct. 26, when eight employees across varying assignments were found to be infected. The following day, the El Paso County Sheriff’s Office announced that two more deputies who work there and eight inmates had tested positive.“An aggressive, prioritized COVID testing schedule was implemented for staff and inmates,” the sheriff’s office said in a statement on its website, where it provides updates on the outbreaks as test results become available.There were 911 inmates and 73 staff members who tested positive on Monday alone. It’s unclear how many total inmates were in custody that day.“The threat of further infection will continue to increase over the next several weeks,” the sheriff’s office said. “At this point in time, there have been no inmates who have had to be hospitalized. They are all being treated in the facility by our medical provider, WellPath.”Visitation at the jail remains closed.Nov 11, 4:09 amUS reports another record high of over 136,000 new casesThere were 136,325 new cases of COVID-19 identified in the United States on Tuesday, marking a new single-day record, according to a real-time count kept by Johns Hopkins University.It’s the seventh straight day that the country has reported over 100,000 new infections. Tuesday’s tally tops the nation’s previous all-time high of 128,412 new cases A total of 10,257,825 people in the United States have been diagnosed with COVID-19 since the pandemic began, and at least 239,683 of them have died, according to Johns Hopkins. The cases include people from all 50 U.S. states, Washington, D.C. and other U.S. territories as well as repatriated citizens.Much of the country was under lockdown by the end of March as the first wave of pandemic hit. By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up and crossing 100,000 for the first time on Nov. 4.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Work flexibility is made law

first_imgWork flexibility is made lawOn 27 Nov 2001 in Personnel Today Comments are closed. Previous Article Next Article Employers are set to receive half a million extra requests a year forflexible working from parents following proposals announced by the Trade andIndustry Secretary last week. The new rules, based on recommendations by the Government’s Work and ParentsTaskforce, mean that employers will have a legal obligation to considerrequests by working parents for more flexibility. Employers welcomed the measures but raised concerns over whether they wouldgenerate more red tape. The taskforce estimates that 80 per cent of requests will be solved duringdiscussions between employee and employer and claims that only 1 per cent willbe decided by tribunal. The EEF’s deputy director of employment policy, David Yeandle, said thesuggestion that 80 per cent of requests will be solved in talks betweencompanies and staff may be optimistic and believes that Acas will need moreresources to help mediate. Mike Taylor, group HR director at Lorne Stewart, is worried the measureswill lead to unnecessary bureaucracy. “To set up this bureaucratic audittrail is unnecessary,” he said. Bruce Warman, HR director at Vauxhall, backed the flexible working rules,but added, “I hope that bureaucracy won’t be a big problem.” Many HR professionals feel the DTI has taken a common-sense approach. MikeEmmott, employee relations adviser at the CIPD, welcomed the move but alsobacked the employers right to refuse. “The institute welcomes the emphasison sorting out concerns about flexible working through discussion,” hesaid. Professor George Bain, taskforce chairman, believes the proposals willenable employers and employees to find a compromise. By Ross Wigham New guidelines for flexible working requests  – Parents with children under sixwill be able to submit a request if they have worked at the firm for six months– An employee must submit the request in writing– The firm must then give the request serious consideration,making a business assessment – The employer must report back at a meeting within four weeks– If a request cannot be accepted employers must explain thebusiness reasons in a letter– The employee has the right to dispute the decision in-house– The employee can then go to a tribunalHow companies must justify thebusiness caseEmployers should give clear businessreasons justifying the rejection of a request based on:– Burden of extra costs to business– Inability to meet customer demand– Inability to organise work within available staffing– Detrimental effect on performance– Inability to find extra staff– Other reasons – to be specifiedwww.dti.gov.uk/er/review.htmFeedbackClare Chapman, group HR director,Tesco “In principle, we support the Government’s legislation tohelp parents balance their work and home lives. However, we are concerned thatthe extent of the legislation is against the spirit of what it is intended toachieve. We think the way it will be implemented will remove much of theflexibility that employers seek to embrace through existing HR policies andwill produce additional challenges to the way they do business.”Bruce Warman, HR director, Vauxhall”It seems like a workable and reasonable solution. Theother idea, that parents get the automatic right to flexible work, was a totalnon-starter. On a production line it can be difficult, but you have to work ata compromise.”Bob Watson, HR director, Bupa “Requiring employers to give requests for flexible workserious consideration is open to all sorts of interpretation. It seems it hasbeen left to tribunals to do it. From our experience it is parents withchildren of school age who require greater flexibility rather than those withchildren aged under six.”Ralph Tribe, HR director, GettyImages”It seems like sensible legislation. All it’s doing ispreventing bosses being totally unreasonable. I don’t think it’s red tapebecause if someone raised a legitimate enquiry you’d respond formally anyway.Issues around family care are sensitive and should be dealt with formally.” Related posts:No related photos.last_img read more