Former Australian PM backs plan to target Commonwealth nations for trade deals

After setting up “easy win” deals with Australia, Canada, Singapore and New Zealand in time for Brexit in 2019, the UK should pivot to negotiations with India, before deals with the Commonwealth nations of Africa, the Caribbean and the Pacific.Finally, Cleverly said the UK should join the Trade in Service Agreement, a US-EU-Australian deal with is geared towards services.Read More: Hammond visits Gulf to bolster UK’s Middle East charm offensiveEndorsing the proposals, Abbott said: “The best way to ensure that free trade has few losers, even in the short term, is to begin with much freer trade between likeminded countries with comparable standards of living.“Free trade agreements with economically advanced Commonwealth countries are the obvious place for Britain to start.” The paper also suggests that any trade negotiations should also be accompanied by liberal visa reforms, to protect access to talent.Read More: Liam Fox hints at Turkey-style relationship with the EUIn addition, it demands a new white paper on trade and investment to provide government departments with a single plan from which to work.Cleverly said: “The government must a publish a plan to utilise the ‘Commonwealth advantage’ and build our trade links with the Commonwealth. A market of 2.3 billion people and some of the fastest growing economies in the world is too big an opportunity to ignore.” whatsapp A new paper backed by former Australian prime minister Tony Abbott is calling on the UK to quit the EU’s customs union and focus on Commonwealth trade after Brexit.The report, authored by Tory Braintree MP James Cleverly, suggests a five step approach to Britain’s trade priorities, beginning with the Commonwealth’s open economies. Former Australian PM backs plan to target Commonwealth nations for trade deals Share Tuesday 10 January 2017 1:00 am whatsapp Mark Sands More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com read more

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first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tuesday 12 February 2019 9:48 am Bipartisan group reaches deal to avoid another US shutdown over Mexico border wall – but will Trump support it? whatsapp Sebastian McCarthy Tags: Donald Trump Peoplecenter_img Read more: Donald Trump set to return to London in DecemberFunding over a US-Mexico wall was at the centre of the row that prompted the longest government shutdown in US history over Christmas, which lasted 35 days before ending without meeting Trump’s demands for $5.7bn being met. Share whatsapp Read more: If Trump reaches a hand across the aisle, Democrats should take itHowever, the deal comprises $4bn less than Trump has demanded for the wall, which he wants to make 215 miles long, sparking fears that the bi-partisan progress could be stalled by the White House.Trump, whose signature is required for the deal to come into force, told supporters at a rally in Texas last night: “Just so you know, we’re building the wall anyway”.Last night Senate Appropriations Committee chair Richard Shelby said that a bipartisan group of members from the House and Senate had “reached an agreement in principle”.The news comes after Trump agreed with Congress late last month to a temporary funding measure to keep nine federal departments open, with plans to negotiate a funding solution by 8 February. US politicians thrashed out a finance deal late last night to prevent a renewed government shutdown, but fears loomed over whether President Donald Trump would support the deal.Republicans and Democrats secured an agreement which included just under $1.4bn (£1bn) for 55 miles of fencing to be built along the US border with Mexico.last_img read more

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Domestic M&A deal value reaches decade high in 2018 despite Brexit uncertainty

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tuesday 5 March 2019 12:53 pm whatsapp Jessica Clark Domestic merger and acquisition (M&A) value hit a ten-year high in 2018 despite Brexit uncertainty, according to the latest data.Acquisitions of UK companies by other UK firms rose from £18.8bn in 2017 to £26.5bn last year, the highest value since deals reached £36.5bn in 2008, research from the Office for National Statistics (ONS) found. whatsapp Share Read more: Leaked information on M&A deals leads to higher valuationsThe value of takeovers of UK companies by foreign firms last year was £71.1bn, compared to £35.2bn in 2017 driven by Comcast’s £30bn acquisition of Sky which accounted for more than two-fifths of inward acquisitions.Outward M&A deal value – when a British company acquires a firm based outside of the UK – fell from £77.5bn in 2017 to £22.7bn last year as no “mega deals” were completed in 2018.Read more: Autotech M&A deal value falls to five-year low in second half of 2018Rob Donaldson, head of corporate finance at RSM, said: ‘Despite all the Brexit uncertainty, the UK M&A market has had a pretty good year, driven in part by high domestic demand as well as continued interest from overseas buyers.’Favourable exchange rates have made UK assets very attractive to overseas buyers. We have also seen sustained interest from the private equity market, keen to make decent returns in a low interest rate environment.” Domestic M&A deal value reaches decade high in 2018 despite Brexit uncertainty Tags: Brexit Company Private equity Skylast_img read more

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TSB needs three-year turnaround before potential sale, Sabadell says

first_img TSB needs three-year turnaround before potential sale, Sabadell says Challenger bank TSB could be sold but must undergo a turnaround and cut costs first, its Spanish owner Banco Sabadell has said.Sabadell chairman Josep Oliu said TSB needed three years to get back on track but that a merger or a sale were options. Read more: TSB falls to £105m loss after IT disasterThe company also said it had been forced to postpone its profitability target by one year to 2021 because of TSB’s IT crisis last year.The UK bank had to hire more than 2,100 staff to fix the issues, which saw up to 1.9m prevented from accessing their accounts for several weeks – in total the meltdown cost the bank £330m.“TSB is a retail bank with a costly structure, it has to be turned around, for that it needs three years, an adequate return (on equity), then it can be a candidate to enter into a consolidation process,” Oliu said.“A merger or a sale are options,” he added. Tags: Trading Archive whatsapp whatsapp Sharecenter_img Read more: More customers leave TSB than any other bank, data showsSabadell said TSB would not positively contribute to its earning until 2020.The UK challenger bank’s incoming chief executive Debbie Crosbie is expected to work on a new strategy to cut costs when she takes up the role in the coming weeks.In its full year results, TSB reported heavy losses of £105.4m following the IT chaos which prevented up to 1.9m from accessing their bank accounts for a number of weeks last year.Around 80,000 customers left the bank over the course of last year, it said.The bank pledged to emerge stronger after its “most challenging year” despite the threat of potential regulatory fines on the horizon. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoQuizscapeQuiz: 9 Out Of 10 People Can’t Name These Famous ComediansQuizscapeUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoG InsuranceExperts Discover Girl Born From Two Different SpeciesG InsuranceUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndo Wednesday 27 March 2019 6:44 pm Callum Keown last_img read more

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Jaguar Land Rover to invest £1bn in UK electric car production

first_imgMain picture credit: Getty Friday 5 July 2019 9:07 am Share Meanwhile the Unite union called JLR’s decision a “trailblazing” move. More to follow. Jaguar Land Rover (JLR) today promised to invest almost £1bn into building electric cars in Britain, securing thousands of jobs and reinvigorating the struggling auto sector. Joe Curtis The British car manufacturer outlined the plan today as it seeks to offer electric vehicle options for new models from 2020 as it weans itself off its reliance on unpopular diesel engines. “The future of mobility is electric and, as a visionary British company, we are committed to making our next generation of zero-emission vehicles in the UK,” chief executive Ralf Speth said today. Jaguar Land Rover makes £1bn pledge to Britain’s car industry JLR will start with an electric version of of its luxury XJ saloon, building the car at its Castle Bromwich plant, which it will convert into an electric vehicle factory.center_img  Unite assistant general secretary for manufacturing Steve Turner added: “Not only is it a fantastic boost to the UK car industry, but it ensures that JLR’s Castle Bromwich site remains a powerhouse of the regional economy providing a living for thousands of workers and supporting many more in the supply chain.” The government hailed the announcement as a “vote of confidence” in the UK’s automotive industry, and said the investment would protect thousands of skilled jobs. Jaguar Land Rover’s investment will protect thousands of UK jobs in the car sector (Getty) “It reflects our determination for the UK to be at the forefront of the development and manufacturing of the next generation of electric vehicles,” added business secretary Greg Clark. whatsapp “JLR’s announcement recognises the strength of the excellent workforce at Castle Bromwich and acknowledges the efforts of many parties, including the government and the Mayor Andy Street, to invest and build a sustainable future in the region for advanced manufacturing, safeguarding jobs and skills.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarMisterStoryWoman files for divorce after seeing this photoMisterStoryNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinancelast_img read more

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Iran urges UK to release seized oil tanker

first_imgUK and Iran tensions are escalating following the UK’s arrest of an Iranian oil tanker last week. Iran has demanded that Britain releases an oil tanker it seized last week on suspicion it was breaking EU sanctions by transporting oil to Syria. Friday 12 July 2019 8:03 am That sparked a warning from the UK last week, with the Foreign Office saying “Iran must immediately stop and reverse all activities inconsistent with its obligations”. A British Royal Navy ship (L) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019. – Authorities did not say where the oil came from but specialised shipping trade publication Lloyd’s List said the Panamanian-flagged tanker was thought to be transporting crude from Iran. (Photo by JORGE GUERRERO / AFP) (Photo credit should read JORGE GUERRERO/AFP/Getty Images) Tags: Oil prices In May Washington ordered ocuntries and companies to stop importing Iranian oil, or face being banned from the global financial system. Mousavi said the UK seized the tanker after pressure from the US. Read more: Royal Navy blocks Iran attempt ‘to seize’ British oil tanker President Donald Trump pulled the US out of the Iran 2015 nuclear treaty, putting sanctions back on Iran. Joe Curtis Iran has denied that its ships were involved. Iran has warned it will retaliate if the oil tanker is not released. Iran urges UK to release seized oil tanker as tensions escalate Yesterday the UK said a Royal Navy ship warded off three Iranian boats attempting to block a British oil tanker’s passage through the Strait of Hormuz. Read more: UK ‘on heightened security’ after Iran tried to block oil tanker Since then Iran has stopped adhering to the nuclear deal, breaching limits on uranium enrichment. “We are concerned by this action and continue to urge the Iranian authorities to de-escalate the situation in the region,” the Ministry of Defence said yesterday. The boats backed off after the Navy ship, HMS Montrose, trained its guns on the Iranians and issued verbal warnings, according to reports. “The legal pretexts for the capture are not valid … the release of the tanker is in all countries’ interest.” whatsapp whatsapp More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com “This is a dangerous game and has consequences,” Iran’s foreign ministry spokesman Abbas Mousavi said. Main image credit: Jorge Guerrero/AFP/Getty Images Share The strait is a crucial stretch of water to the transportation fo Middle East oil to the world. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndolast_img read more

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Donald Trump takes credit for China slowdown

first_imgChinese GDP climbed 6.2 per cent in the three months to the end of June, official figures showed today, falling from 6.4 per cent in the first quarter. It marked the lowest quarterly rate of growth since records began in 1992. Tags: Donald Trump An IMF study released in May showed that the tariff revenue collection “has been borne almost entirely” by US importers. Gregory Daco, chief US economist at Oxford Economics, said in May that “the higher prices on the import side” are “passed on to consumers or to businesses via higher input costs or via final goods that are more expensive”. Share US President Donald Trump has claimed that his tariffs are damaging China’s economy after its growth slowed to a 27-year low. China’s 2nd Quarter growth is the slowest it has been in more than 27 years. The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal….— Donald J. Trump (@realDonaldTrump) July 15, 2019 The Trump administration ratcheted up tariffs on $250bn of Chinese exports to the US from 10 per cent to 25 per cent in May. Monday 15 July 2019 12:42 pm “The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries,” Trump tweeted. Donald Trump says his trade war tariffs are ‘major factor’ in China slowdown Economists have also called into question Trump’s argument that China pays for the tariffs. Read more: Oil falls for second day as US-China trade war bites Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo “In both cases those tend to hurt the US economy and not the Chinese economy,” he said. Julian Evans-Pritchard, senior China economist at Capital Economics, said that while exports decreased in June, “waning global demand” and a “renewed domestic slowdown” were factors in the low growth. According to China’s National Bureau of Statistics, the country is also likely to face continued “downward pressure” going into the second half of this year. whatsapp whatsapp WASHINGTON, DC – JULY 11: U.S. President Donald Trump speaks during a “Presidential Social Media Summit” in the East Room of the White House July 11, 2019 in Washington, DC. President Trump hosted a group of his political allies to discuss “social media.” (Photo by Alex Wong/Getty Images) While there is evidence that US companies are looking to leave China, this is largely due to rising labour costs, economists have said. He added: “We are receiving Billions of Dollars in Tariffs from China, with possibly much more to come. These Tariffs are paid for by China devaluing & pumping, not by the U.S. taxpayer!” Harry Robertson Read more: China growth slows to 27-year lowlast_img read more

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Sadiq Khan vows to take on Uber ‘big boys’ in licence decision

first_imgTfL is understood to want to extend its licence rather than award Uber a more permanent authorisation. Uber, which uses more than 60,000 licensed drivers and has 5m users in London, has been operating on a probationary licence since June last year. The ride-hailing giant had been seeking a five-term licence to operate in the capital but is instead likely to be granted a shorter one that will run for less than two years, Sky News reported earlier this month. Thursday 29 August 2019 11:52 am whatsapp Sadiq Khan has vowed to take on the “big boys” at Uber when it comes to renewing its licence, which expires next month. “It would be inappropriate for me during a time we’re considering the application from any operator to comment on it and give a running commentary,” Khan told LBC. Read more: Uber poaches new UK boss from Twitter founder Dorsey’s Square It appealed Transport for London’s (TfL) decision to revoke its licence, and won a 15-month probationary licence which runs out next month. The London mayor, who revoked Uber’s licence in 2017, said everyone must play by the rules if they want to operate in the capital. Share He added: “You will know my track record which is standing up to the big boys, and they are boys, and make sure everyone plays by the rules whether you’re a big business or whether you’re a small business and I don’t care how many lawyers you employ or how big your PR budget.” Alexandra Rogers Uber declined to comment. Sadiq Khan vows to take on Uber ‘big boys’ in licence decision Read more: Uber quest for long-term London licence faces rejection whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Funlast_img read more

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What does Britain need? More robots

first_imgLeaving aside whether any of this legislative programme manages to get through parliament, I would argue that one of the most critical issues has already been uncovered.  For a start, as a matter of urgency, the government should develop a dedicated robot and artificial intelligence strategy by the end of 2020 to improve automation adoption, educate people on the potential benefits, and support British industries in their efforts.  Thursday 17 October 2019 4:16 am whatsapp These are the issues the UK needs to get solving – and quickly – if we are to get back into the race. And in this fast-changing world, we will all need to be far more nimble when it comes to training than has previously been the case. This has to be a team effort. Businesses should be responsible for upskilling their workers as jobs change, whether through automation or other developments, but there is also an important role for the government to play in ensuring that everyone can develop the skills they will need to adapt.  Ian FunnellIan Funnell is managing director of ABB UK, a leading supplier of industrial robots. Robotics needs to be at the front and centre of the UK’s industrial strategy, not tacked on at the end like an afterthought. The government is going to have to be far more ambitious if we are to succeed as a country, by actively incentivising business investment in productivity-boosting technologies such as automation. So why has the UK has been slow to adopt robots compared with our industrial competitors? Obviously a multitude of factors are at play, but there are three key ones: businesses don’t yet understand the potential of automation, the environments in which businesses operate aren’t conducive to adopting new technology, and there is a worrying lack of digital skills among the workforce.  Given the seismic events that have become the everyday backdrop to our news agenda these days, it’s no great surprise that this seemingly counterintuitive conclusion sneaked under the radar a bit. But the consequences of ignoring the Beis recommendations will be just seismic for us as a country as anything EU-related, particularly in a post-Brexit environment. The Made Smarter Commission, designed to give SMEs access to specialist advice to assess operations and develop a digitalisation strategy, along with 50 per cent grant funding for technology investments, has up to now been piloted in the north west region of the country – with some excellent results. It must now be rolled out across the UK as quickly as possible. The UK had just 10 robots for every million hours worked in 2015. Compare that to 131 in the US, 133 in Germany and 167 in Japan – nearly 17 times as many.  Britain’s Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at the Research Institute for Science and Engineering at Waseda University’s Kikuicho Campus in Tokyo on July 20, 2017. / AFP PHOTO / POOL / Eugene Hoshiko (Photo credit should read EUGENE HOSHIKO/AFP/Getty Images) Share What does Britain need? More robots On Monday, the Queen’s Speech set out the government’s legislative plans, starting with tackling all things Brexit, before laying out a radical programme to shake the country out of its current torpor. There remains the popular misconception that robots will “take our jobs”, when in fact the reverse is true. Those countries that have the most robots per worker actually have very low levels of unemployment. Robots are used to do dirty, dangerous and repetitive tasks, allowing humans to get on with more high-value operations. whatsapp It is probably too late for the UK to lead the robot revolution – we are simply too far behind. But we must begin to catch up, so that businesses up and down the land can feel the benefits of automation, and the economy can start to perform to its potential. The UK has a serious productivity issue and will be stuck in the slow lane for decades to come if we don’t sort it out. All the evidence shows that the UK’s slow pace in moving to automation – we lag well behind our G7 competitors in our adoption of robots – has allowed other countries to steal a march, seizing upon the opportunities for jobs and economic growth. Main image credit: Getty City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion Just under a month ago, the Select Committee for Business, Energy and Industrial Strategy (Beis) concluded that: “The problem for the UK labour market and our economy is not that we have too many robots in the workplace, but that we have too few.”last_img read more

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Coronavirus: Ex-health secretary Jeremy Hunt calls UK response ‘concerning’

first_img whatsapp “You would have thought that every single thing we do in that four weeks would be designed to slow the spread of people catching the virus.” Jessica Clark The Prime Minister said the UK had moved into the “delay” phase, and said anyone with coronavirus symptoms, such as a fever or cough, should stay home for seven days. Hunt told the BBC: “I think it is surprising and concerning that we’re not doing any of it at all when we have just four weeks before we get to the stage that Italy is at.  More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Boris Johnson said the UK would not ban public events – although he did not rule out introducing the measure in the future – as he set out the next phase of the government’s response to the outbreak.  Hunt also said he was “personally surprised that we’re still allowing external visits to care homes”.  Friday 13 March 2020 9:03 am Also Read: Coronavirus: Ex-health secretary Jeremy Hunt calls UK response ‘concerning’ Share whatsappcenter_img Evidence from other countries that have fought back the virus successfully showed that they “moved very early” on bringing in social distancing measures, he said.  Show Comments ▼ Johnson warned yesterday that up to 10,000 people in the UK may already be infected with the virus, although the number of confirmed cases currently stands at 596.  Coronavirus: Ex-health secretary Jeremy Hunt calls UK response ‘concerning’ The Prime Minister said many more people will die from the disease. The current death toll in the UK is 10 . Also Read: Coronavirus: Ex-health secretary Jeremy Hunt calls UK response ‘concerning’ Former health secretary Jeremy Hunt has said the government’s decision not to cancel public events amid the outbreak of coronavirus is “concerning”. Italy is in lockdown and the coronavirus death toll in the country has topped 1,000.  Other countries around the world  have banned mass gatherings and closed schools in an attempt to halt the spread of the virus. last_img read more

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