General Election 2015: Ed Balls hits out at George Osborne’s “dodgy dossier” spending report

first_imgMonday 5 January 2015 9:05 pm whatsapp Tags: General Election 2015 George Osborne People Shadow chancellor Ed Balls yesterday hit back at claims that Labour’s made over £20bn of unfunded spending commitments for 2015-16, accusing George Osborne of publishing a “dodgy dossier, riddled with untruths and errors”.The emotive phrase, coined following the publication of the Iraq war dossier which was later found to contain a string of mistakes and exaggerations, is an unusual choice given its longstanding negative connection to the Labour government of the time.Balls was responding to a report published by the Conservatives – based on Treasury research – which claims Labour has made a raft of unfunded commitments which would result in higher spending if the party is elected. Five senior cabinet ministers, including Osborne, gave a press conference outlining the findings yesterday, which included a number of policies Labour claims it has shelved. “It isn’t an impartial exercise but a political smear based on false assumptions made by Tory advisers, including dozens of claims which are not even Labour’s policies,” Balls said. Labour has previously called on the Office for Budget Responsibility – the UK’s independent fiscal watchdog – to audit each party’s pre-election manifesto.A Treasury spokesman denied that some of the figures in the report are based on flimsy assumptions, saying that the policies have all been announced by shadow cabinet members. “Voters have a legitimate expectation that if a member of the shadow cabinet stands up and makes a promise that is a promise from the Labour party,” he said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekHero WarsThis game will keep you up all night!Hero WarsBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplementzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory whatsapp Express KCS center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Share Show Comments ▼ General Election 2015: Ed Balls hits out at George Osborne’s “dodgy dossier” spending report last_img read more

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NHS medicine will be labelled with prices

first_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 WorldComedyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal Past More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com whatsapp NHS medicine will be labelled with prices Share A price tag is to be put on medicines in the UK under a plan to cut waste in the National Health Service, along with a stamp reading “Funded by the UK taxpayer”.All pharmaceuticals over £20 will have an “indicative cost” on the packaging, once the scheme is rolled out next year, as part of an effort to reduce the £300m bill for “wasted” medication, which is prescribed but not used. In a speech to the Local Government Association in Harrogate, Hunt said “this will not just reduce waste by reminding people of the cost of medicine, but also improve patient care by boosting adherence to drug regimes.”Read more: General Election 2015: Conservatives pledge £8bn a year for the NHSHealth secretary Jeremy Hunt said it is vital that patients understand there is “no such thing as a free health service”, as he called for a new social contract between the NHS and the public.Everything we are proud of in the NHS is funded by taxpayers, and every penny we waste costs patients more through higher taxes or reduced services.We spend £300m every year on wasted medicines. People who use our services need to know that in the end they pay the price for this waste. So we intend to publish the indicative medicine costs to the NHS on the packs of all medicines costing more than £20, which will also be marked ‘funded by the UK taxpayer’.Initiatives such as these aim to increase transparency, and fit into a government push of increasing awareness of costs and choices involved in public spending.Hunt says, while integration of health and social care is vital to delivering high standards of health care, personal responsibility needs to sit alongside system accountability.By the end of this Parliament we will have a million more over 70s, one third of them living alone. Yes the health and social care system must do a much better job of looking after them. But so too must all of us as citizens as well. center_img Thursday 2 July 2015 4:15 am Show Comments ▼ Tags: NHS whatsapp James Nickerson last_img read more

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Sony signs deal to make Emojis, the movie – coming soon to a cinema near you

first_imgThursday 23 July 2015 4:38 am whatsapp It was only a matter of time before this happened: Sony has signed a new deal to make a movie based on emojis, the colourful little smiley faces sand symbols embedded on your mobile device. Is a cash of thumbs up – or more a smiling pile of poo? We’re not sure…Reports suggest the movie will be co-written by Eric Siegel and Anthony Leondis, the director of Kung-Fu Panda. Deadline reported that while three Hollywood studios bid for the film, Sony Pictures Animation clinched the deal. The unusual thing about the movie is that there are no rights to be bought: emojis are controlled by the Unicode Consortium, the body in charge of the Unicode Standard, which is designed to make character encoding completely consistent across all devices. It doesn’t own the rights to emojis – it just makes sure they look similar on all devices. It’s everyone’s favourite emoji – but can it be turned into a character? (Source: Getty)Emojis have become something of an obsession since the 1990s, when their older, less jazzy cousins, emoticons, became symbols of the texting generation. In the 1990s Japanese mobile giant NTT DoCoMo came up with a set of 172 pictograms, to be used in lieu of emoticons. These days, there are 722 official emojis – with the latest additions including a bottle with a popping cork, a burrito and a unicorn face.And everyone is getting in on the act. Yesterday, Tesco created the world’s biggest emojis in a field near Bath to “cheer up commuters”. Earlier this month, a fiendishly difficult London Underground stop emoji quiz had most of the internet scratching its head. Bow, car, car, car, car, car? We’re still confused… Share Sony signs deal to make Emojis, the movie – coming soon to a cinema near you center_img Show Comments ▼ whatsapp Emma Haslett Tags: Sonylast_img read more

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News / Delta restructure is ‘a recipe for disaster’ that could see a lower profile for air cargo

first_img The airfreight industry, in the words of several players, was “shocked” by “implosions” at US carriers yesterday, when industry veterans Tony Charaf of Delta and Robbie Anderson of United Cargo left their posts.While observers suggested the loss of Mr Anderson was “ridiculous” and down to the mess the airline was already in, compounded by the challenges caused by an IT system change, the Delta story has triggered even greater comment.This follows a decision by the carrier that, with the departure of Mr Charaf, it will restructure its cargo department – quite significantly.CEO Ed Bastian announced in a memo that cargo sales would join the global sales team, while cargo operations would come under the airport customer service team. There is now no head of cargo.One senior consultant told The Loadstar: “Maybe I am the only one shocked by this, but for a [cargo] business that generates annually more than $1bn, I find it unbelievable.”Another source said: “Customers won’t like it; who will be the spokesperson? Successful companies often seem to be those that have a strong character as leader.”Putting aside the headless nature of the change, what will the separation of sales and operations mean?“Risk” appears to be the most common answer.The consultant suggested it was a “recipe for disaster”.“I have experienced the mess – such as internal fighting – created when sales and operations are too distant. I have seen the clear advantages of having both under one roof, versus a functional set-up as Delta has chosen.“And I would love to hear the arguments for incorporating passenger and cargo sales, as they have different client bases, cultures, back-office processes and so on.”Another US airline industry sales veteran called the separation of the teams a “double-edged sword”: a potential opportunity to increase the importance of cargo; or the risk of furthering a “step-child” mentality, if the passenger unit comes under pressure in the event of missing its sales goals.He said: “My hunch is that the sales organisation will get massive scrutiny and tightening, perhaps even a chance to push through passenger sales best practices to the cargo division. This could be good, but could also be a disaster if there is pressure to achieve at all costs.”He added: “if articulating value of investment, change, and visionary changes can be proven with promised ROI, there’s great potential. If not, it could be a bumpy road. I fear the [cargo] voice could be missed in this transition.”Delta’s strength is in passengers, he noted, adding: “Achieving both metrics without material compromise is the proof of the pudding. I don’t think it can be achieved without some management change and scars along the way.”The question on many lips is whether Delta – which merged with freight-friendly Northwest – has consciously decided to step back from cargo, or whether it thinks it can leverage its strength in the passenger market to boost cargo. The consensus seems to be that with no figurehead to fight for the rights of cargo, it could easily be weakened.One senior US airline cargo manager pointed to the differences between European and US carriers: whereas Lufthansa Cargo and IAG are standalone companies, in the US freighters have gone from the combination carriers and cargo seems to be more tightly controlled, with a higher degree of cost focus from the passenger division.“Really, you don’t know until you try it,” he said. “But as I see it, customers will see it as a backward step and I can’t quite see the advantages.“But the worst part is that it devalues our industry a little bit. It doesn’t do air cargo any good.”And that seems a shame at a time when the sector needs all the focus and attention it can get. By Alex Lennane 12/06/2014last_img read more

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News / Carrier schedule reliability improves in April, but do shippers really care?

first_imgBy Mike Wackett 21/05/2015 Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records a 4.1% improvement on the previous month in the aggregate reliability of ships on the main Asia-Europe, transpacific and transatlantic trades – but it was still a less than impressive 67.6%.Drewry attributes the upswing to a return to “normal” operations at US west coast ports after the agreement of a new labour contract, and the bedding in of the new and upgraded vessel sharing alliances.Simon Heaney, senior manager of supply chain research said: “Drewry expected the upturn in reliability following the end of the exceptional circumstances.”The CPI on-time performance in April was the highest recorded since its inception in March last year when Drewry began using data from CargoSmart; but this was a low starting base reflecting how badly schedule reliability had deteriorated over past years.Indeed, despite slow-steaming, and the ability of carriers to make up time en route, operators have shown no interest in approving the requests from masters to increase speed to achieve container terminal berthing windows, contending that the extra cost in fuel cannot be justified.The carriers argue that shippers will not pay for schedule reliability and are simply interested in price: they point to Maersk Line’s decision to abort its own premium service due to lack of support as evidence.At conference after conference, shippers of higher-value cargo have advocated an express service between Asia and North Europe; but the fact is there are simply not enough of these VIP cargoes to justify speeding up one string of an alliance service, even with the current cheaper cost of bunker fuel.Nevertheless, for April, Maersk Line was the top-ranked performer with 85% of its ships arriving on time, followed by OOCL at 77% and MOL and NYK both registering 74%.Second from bottom of the rankings was the most-profitable carrier in the first quarter of the year, in terms of operating profit margin, Wan Hai, with 51%, and the table was propped up by niche carrier PIL with only 40% of its vessels on schedule.Interestingly, MSC, which now shares its ships with Maersk within the 2M alliance, could only manage eighth place, scoring an on-time average of 67% during April.This variation, explained Mr Heaney, is because MSC’s published schedules tend to be less accurate than its 2M partner’s.Nonetheless, MSC’s association with the market leader and oft-heralded “most reliable” carrier has worked wonders for its schedule integrity, given that in the past it often picked up the wooden spoon for being the lowest-ranked container line for schedule reliability.Indeed, for many years on-time performance has been regarded as perhaps not MSC’s best selling point, figuring low in terms of its priorities; although this did not seem to hinder the carrier’s phenomenal organic growth.Drewry’s schedule performance review is only able to track the ships that actually sail, so the blanking of sailings, some with little advance notice, could actually makes the ‘reliability’ performance of carriers worse than is stated in the CPI.last_img read more

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Sun Life suspending third-party sales of GMWB product

Share this article and your comments with peers on social media The combination of low interest rates and high capital requirements caused to insurer to put an immediate halt on the sales of its segregated funds, which wasn’t ideal but necessary, says Paul Fryer, vice president, individual business management for Sun Life Financial Canada, based in Waterloo, Ont. “We don’t like to suspend products and we always want to grow product sales through both sales forces — independent and career force, but it was necessary to take action with rising capital requirements.” The insurer is currently working with Toronto-based CI Financial Corp. to make modifications to SunWise’s existing product line-up, adds Fryer. “We are aiming to have a modified version of the funds available by the end of the year.” Sun Life is the fourth insurer to suspend its GMWB option this year. When offering clients a guaranteed minimum withdrawal benefit product, independent advisors will now have to cross Sun Life Financial Inc. off their list. As of May 11, Sun Life will be suspending new sales of its SunWise Essential Series, a segregated fund series with a GMWB benefit, through its third party advisor channels. Clients can still purchase the products through a Sun Life advisor. Insurers retooling retirement vehicles Olivia Glauberzon Empire Life reboots GMWB product Facebook LinkedIn Twitter Tackling longevity risk Related news Keywords Guaranteed Minimum Withdrawal BenefitCompanies Sun Life Financial Inc. read more

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Inflation falls to 1.2% in May

Statistics Canada says annual inflation tumbled to 1.2% last month, the lowest consumer price index reading in almost two years. Economists had expected the consumer price index to fall to 1.5% in May from the previous month’s 2% due to declining gasoline prices from a year ago. Gasoline prices did indeed fall in May, by 2.3% from last year at this time, the first year-over-year decline in 23 months. Companies Statistics Canada Facebook LinkedIn Twitter Meanwhile, Statistics Canada says decreases in women’s clothing and slower prices at auto dealerships were also factors. On a month to month basis, prices slipped 0.1% from April. Bank of Canada governor Mark Carney said this week that he expected prices to dip below the bank’s 2% target in the short term, given the recent tumble in world oil prices. In comparison, oil had been rising at this juncture last year. The softening trend in inflation removes most of the pressure on Carney to hike interest rates in the short term. Share this article and your comments with peers on social media Canadian Press read more

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Mixed credit implications from U.S. Treasury’s capital markets report: Moody’s

first_img Earlier this month, the U.S. Treasury Department published a paper setting out a series of reform recommendations, which aim to address an executive order from President Trump to reconsider financial regulation. The Treasury report, which represents the second of four planned reports, focuses on capital markets, including proposals dealing with market structure, securitization, derivatives, and financial market infrastructure. The likely impact on banks is mostly credit negative, the Moody’s report says. Additionally, proposed changes to address market structure issues, including “maker-taker” fee models and ‘payment for order flow’ practices, “may be credit negative for retail brokers, exchanges and high-frequency trading firms,” the Moody’s report adds. “Any resulting restrictions on payment for order flow arrangements could be credit negative for retail brokers that derive significant revenue from this source,” the Moody’s report says. The report also recommends “new guidance for the use of equity market data feeds and a review of whether exchanges should harmonize and streamline complex order types. These could be credit negative for high-frequency trading firms and cash equity exchanges.” Possible positive impacts from the proposals could flow from recommendations that may encourage increased central clearing of derivatives, and stronger oversight of central counterparty clearing houses, the Moody’s report notes. The latest set of proposed U.S. regulatory reforms would be largely negative banks, exchanges, and certain securities firms, but some of the proposals would likely have positive effects, suggests a recent report from Moody’s Investors Services. The outcome will depend on the details of any changes that are actually enacted in response to the recommendations, the report says. U.S. action on climate benefits banks, asset managers: Moody’s Share this article and your comments with peers on social media Related news High debt levels threaten banks’ strong results: Fitchcenter_img Keywords Banking industry,  United States G7 tax pledge may be upstaged by CBDC work James Langton Facebook LinkedIn Twitterlast_img read more

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Mayor Mckenzie wants Greater Input from Committee Members

first_imgMayor Mckenzie wants Greater Input from Committee Members UncategorizedJanuary 9, 2008 RelatedMayor Mckenzie wants Greater Input from Committee Members RelatedMayor Mckenzie wants Greater Input from Committee Members RelatedMayor Mckenzie wants Greater Input from Committee Memberscenter_img FacebookTwitterWhatsAppEmail Mayor of Kingston and St. Andrew, Senator Desmond McKenzie, has called for greater participation and accountability from councillors at the committee level.“Councillors must show greater interest and discipline in the committees. The people’s business comes first, and I am expecting to see a greater participation of councillors to committees,” he stated on (Jan. 8) at the swearing in of the 40-member Council at the offices of the Kingston and St. Andrew Corporation in downtown Kingston.Senator McKenzie informed that action is being contemplated against non-performing councillors, while the ban on cell phone usage at Council meetings, will now be extended to committee meetings.“One of the things that the committee that will be looking at the by-laws of Council will have to look at (is) where people are negligent in refusing to come to committee meetings, that. we can replace a non-performing councillor at the level of the committee,” he stated.He noted that the Council is “driven by committees” and that attendance at these meetings is even more important than the Council meetings.The Mayor at the ceremony, announced the members of the various committees, which will serve the Council.The Finance Committee will be chaired by Councillor Vernon McLeod of the Havendale Division; the Public Health and Disaster Preparation Committee will be chaired by Joel Levy of the Chancery Hall Division; the Civic Affairs Committee chair has been retained by Tosha Schwapp of the Stony Hill Division; and the Road and Traffic Committee will be chaired by Audley Gordon of the Hughenden Division.Deputy Mayor and Councillor for the Whitehall Division, Lee Clarke, will chair the Building Committee; the Commercial Services Committee will be chaired by Robert Williams of the Norbrook Division; while Neville Whittaker of the Gordon Town Division retains the Procurement Committee chair.The Trust Committee has a new chairperson in the form of Delroy Williams of Seivright Gardens; Cislyn Brown retains the chair for the Disciplinary Committee; while Mayor McKenzie also maintains chairmanship of the Establishment Committee.Lorna Leslie of the Denham Town Division returns as chair for the Poor Relief Committee; and Angela Brown-Burke of the Norman Gardens Division will chair the Oversight Committee. Mayor McKenzie will chair the General Purposes Committee, which comprises all the chairmen of the various committees.In the meantime, there are two new bodies – the Bipartisan Committee, which will hear the concerns of councillors, will be chaired by Mr. McLeod of Havendale, and the Properties and Investment Committee, which will be chaired by Councillor of the Red Hills Division, Answerd Ramcharan. According to Mayor McKenzie, the Properties and Investment Committee will “look at all the KSAC assets and will seek to increase the Council’s current revenue earning capacity”. Advertisementslast_img read more

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Government to Spend Over $200m on Basic Schools

first_imgRelatedGovernment to Spend Over $200m on Basic Schools Government to Spend Over $200m on Basic Schools EducationApril 10, 2009 FacebookTwitterWhatsAppEmail A project aimed at enabling young children to learn and develop optimally, will receive $228.5 million in the 2009/10 Budget.According to the Estimates of Expenditure for the new fiscal year, the Enhancement of Basic Schools project, supported by the Caribbean Development Bank (CDB), was initially slated to run from 2002 to 2006, but that deadline has been revised twice, with the latest completion date set for December, 2009.Anticipated targets for 2009/10 are: completion of the Shortwood Infant department, and construction of the Arthur Wint Basic, St. Francis Practising, Nain Basic and the Foga Road Basic schools, as well as the Hanover, Clarendon and St. Elizabeth resource centres.There are also plans to furnish and equip the Fern Grove and Shortwood basic schools, and to complete New Learning Environment consultancies.Some of the major achievements under the project so far are: the completion of island wide sensitisation workshops on the New Learning Environment, NCTVET Level II training of 680 early childhood practitioners and NCTVET Assessors training for 80 Education Officers.Construction activities are also at varying levels of completion at several early childhood institutions, while there has been verification of 2,700 institutions. In addition, registration and legal and regulatory framework consultancies are 80 per cent complete, while nine early Childhood officers have completed fellowships granted under the project.The entire project is expected to cost more than $755 million, of which the CDB will provide over $637.7 million and the Government of Jamaica the remainder. RelatedGovernment to Spend Over $200m on Basic Schoolscenter_img RelatedGovernment to Spend Over $200m on Basic Schools Advertisementslast_img read more

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