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Automotive industry calls for investment and growth action in Autumn Statement to

Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) “Action to build the competitiveness of UK plc through private sector investment will be key to delivering economic growth,” said Paul Everitt, SMMT Chief Executive, ahead of the government’s Autumn Statement on 29 November.In a letter to the Chancellor, SMMT has called on government to use next week’s Statement to deliver tangible changes to unlock private sector investment and support export-led growth. These include:R&D tax credit reform – Reform to make the R&D tax relief ‘above the line’ would generate more investment and jobs, make the incentive more visible and allow the UK to compete more effectively with overseas competitors.Capital allowances – Allowances for capital spending in the UK are now among the lowest in the G20. To grow and develop the domestic supply chain, government must help small and medium enterprises (SMEs) to invest now in plants, machinery and retooling.Skills – Skills are vital for productive and globally competitive suppliers. Flexible government support is needed to deliver up-skilling of the existing workforce and support for advanced apprenticeships.Business rates – The competition for investment and new model development with sister plants is intense for UK manufacturers. Current business rates for manufacturing sites are not internationally competitive, risking global investors favouring other countries in Europe and around the world in a drive to reduce cost per car.Access to affordable finance – Without the ability to obtain competitive finance and credit, businesses across the UK – particularly SMEs – are unable to invest and grow. The government’s credit easing plan has to be well targeted to the needs of the businesses it is trying to support.“Next week’s Autumn Statement will be crucial in determining the rate of UK economic recovery and the future decisions of global automotive companies and their supply chains,” said Paul Everitt. “The Chancellor must take this opportunity to position the UK as a prime location for manufacturing and incentivise private sector investment in R&D, skills and capital equipment. We have an opportunity to speed up the re-balancing of the economy and to generate new high value employment.”SMMT’s submission drew attention to this year’s unprecedented levels of international investment in UK automotive, with global companies committing over £3.9bn so far this year to long-term manufacturing operations in the UK, announcing new jobs and building new facilities. It is this level of momentum that industry wants government to maintain by acting decisively and demonstrating that the UK is a prime site for private sector investment and a location where SMEs can grow. Government’s current policy to reduce capital allowances should be reversed to support investment, maximising value added from new product development and investment in skills.UK-based automotive companies already invest more than £1.5bn each year in R&D. This fact, coupled with a world-class skills base, has made the UK a leader in the development of low and ultra-low carbon technologies. Building on this pedigree, industry chiefs focused their demands on reforming the large company scheme for R&D tax relief. SMMT is calling for an ‘above the line’ credit to make the UK scheme internationally competitive and more effective in attracting a greater share of global R&D investment.In addition to stressing the importance of consistent support for low carbon manufacturing, the continuation of the Plug-In Car Grant, ongoing development of skills and better access to finance and credit, SMMT also raised business rates as an important consideration for the Chancellor. Through the SMMT, automotive manufacturers voiced concerns that UK business rates for manufacturing sites are significantly higher than the equivalent in markets like Germany, risking investment going to other group sites in Europe. read more

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7 things we should really thank Shakespeare for

first_imgIF GOOD OLD Willy Shakespeare was still alive, he’d be celebrating his 450th birthday right around now.Unfortunately he died on this day in 1616, but not before he bestowed countless literary gifts on the world.Let’s remember some of them here:1. The phrase “a beast with two backs”This rather crude way of talking about people doing the dirty was uttered in Othello in 1604, when Iago said:I am one, sir, that comes to tell you your daughter and the Moor are now making the beast with two backs.Records show that the phrase had been around since the mid 1500s, but it was Shakespeare who made sure we all remembered it. The pup.Image: Shutterstock.com2. The word “eyeball”In A Midsummer Night’s Dream Oberon says to Puck:Then crush this herb into Lysander’s eye; Whose liquor hath this virtuous property, To take from thence all error with his might, And make his eyeballs roll with wonted sight.This is one of the earliest mentions, nay THE earliest mention of the eyeball. Thanks Willy.Image: Skrewtape/Flickr/Creative Commons 3. She’s The ManAmanda Bynes may be going through a tough time at the moment but one of her finest ,moments was in the film She’s the Man, which sees her dressing up as a boy so that she can play soccer.The script is based on Shakespeare’s Twelfth Night. 4. The word “puking”Next time you’re telling someone how you were puking your ring up after a feed of pints, stop for a moment and thank William Shakespeare for giving you the power to describe your actions.Image: FunnyDen.com5. Ten Things I Hate About YouHeath Ledger’s breakthrough film with the killer soundtrack has its roots in The Taming of the Shrew. They even rhyme.It’s also got bonus Joseph Gordon-Levitt:6. Predictable Leaving and Junior Cert questionsThe likes of Romeo and Juliet, Hamlet and The Merchant of Venice have been on the syllabus for about 200 years. Surely they’ve run out of ways to ask the questions by now?Image: Folens.ie7. West Side StoryInspired by Romeo and Juliet, West Side Story pits the Sharks against the Jets, two warring gangs in New York City.Katherine Jenkins owns the Daily Mail after unkind marathon article>Here’s why you might be crying this Tuesday>12 reasons why there’s still no party like an S-Club party>last_img read more

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LG lOptimus 2X va évoluer vers Android 23 Gingerbread

first_imgLG: l’Optimus 2X va évoluer vers Android 2.3 GingerbreadLG a annoncé de nombreuses mise à jour pour les possesseurs de smartphones de la marque.Le smartphone LG P990 Optimus 2X, équipé d’un processeur double cœur, bénéficiera désormais du système d’exploitation Android 2.3 Gingerbread. L’Optimus 2X est reconnu comme étant le premier smartphone au monde équipé d’un processeur double-coeur. En tant que tel, il semble logique que son système d’exploitation bénéficie d’une petite mise à jour.Cependant, nos confrères d’Ubergizmo précisent que cette mise à jour s’adresse aux personnes qui ont acheté l’appareil débloqué sans subvention de l’opérateur. La date d’application de la mise à jour devrait être connue prochainement.LG n’en reste pas là puisque les mises à jour Android 2.3 pour l’Optimus 3D et l’Optimus Black sont d’ores et déjà prévues. Elles prendront effet dès le 21 novembre pour l’Optimus 3D et dès le 28 novembre pour l’Optimus Black. Enfin, une mise à niveau vers Android 4.0 Ice Cream Sandwich est envisagée pour les smartphones haut de gamme, à l’horizon 2012.Le 4 novembre 2011 à 15:09 • Maxime Lambertlast_img read more

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Les Robin des Toits demandent une étude dimpact sanitaire avant le lancement

first_imgLes Robin des Toits demandent une étude d’impact sanitaire avant le lancement de la 4GLes Robin des Toits demandent à ce qu’un examen des risques sanitaires liés au déploiement de la technologie 4G soit pratiqué avant installation.C’est dans un courrier adressé au directeur général de l’Agence nationale de sécurité sanitaire de l’alimentation, de l’environnement et du travail (Anses) que l’association Robin des Toits a fait sa demande : elle réclame qu’une étude soit réalisée avant le déploiement des fréquences 4G quant à l’impact que les installations pourraient avoir sur la santé de la population. Ainsi, les Robin des Toits “demande officiellement et solennellement que le déploiement de la technologie 4G, qui introduira de nouvelles fréquences et augmentera le niveau global d’exposition de la population aux champs électromagnétiques, soit précédé d’une sérieuse étude d’impact en termes sanitaires”. Au mois de décembre dernier, l’Etat a attribué des canaux de fréquences pour cette technologie 4G (très haut débit) aux opérateurs Orange, SFR et Bouygues Telecom. C’est ce qui a motivé la demande des Robin des Toits qui lutte pour la sécurité sanitaire des personnes exposées aux nouvelles technologies de téléphonie mobile. Selon l’association, l’étude d’impact préalable au déploiement de la technologie 4G “découle du principe constitutionnel de précaution qui prescrit, d’une part l’évaluation du risque, d’autre part la prise de mesures de réduction du risque alors même qu’il n’est pas entièrement établi”.Les Robin des Toits ajoutent également que cette définition “cadre parfaitement avec le classement par l’Organisation mondiale de la santé (OMS), en mai 2011, des radiofréquences parmi les cancérogènes possibles”. De même, l’association met en avant le fait que le code de l’environnement exige une enquête publique avant tous travaux susceptibles d’affecter l’environnement alors même que “le déploiement d’un réseau d’antennes 4G est de nature à affecter l’environnement mais aussi la santé”, souligne t-elle. Le 17 janvier 2012 à 19:15 • Maxime Lambertlast_img read more

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House Appropriations Bill Blocks WOTUS Provides Record Funding for Waterways Infrastructure

first_imgThis week the House Appropriations Committee marked-up their Fiscal Year 2017 Energy & Water Appropriations bill, which provides funding for the U.S. Army Corps of Engineers (USACE) and Department of Energy (DOE) programs.The bill represents record funding for USACE waterways infrastructure related funding, which are priorities for the American Soybean Association (ASA).The bill also prohibits the use of funds to implement the controversial Waters of the U.S. (WOTUS) rule that expands the government’s jurisdiction on waterways, which ASA strongly opposes. This WOTUS “policy rider” will likely be a source of contention as the bill moves through the process.The overall funding level provided in the bill for the USACE is $6.1 billion, $1.48 billion above the President’s FY2017 request and $100 million above the FY2016 enacted level. The Construction account would receive $1.946 billion, $855.6 million more than the FY17 President’s request. The bill calls for full use of estimated annual revenues from the Inland Waterways Trust Fund (IWTF) to “help advance American competitiveness and export ability.”Operations and Maintenance (O&M) received a record $3.157 billion, $452 million more than President Barack Obama’s FY17 request and above the FY16 O&M funding level of $3.137 billion, which was the highest ever appropriated to this account.  The bill also proposes a record $1.263 billion spending from the Harbor Maintenance Trust Fund (HMTF), also breaking the record of $1.178 billion provided in FY16.The Senate Appropriations Committee was also preparing to release its Energy & Water bill this week, which is expected to provide robust support for waterways infrastructure.  These are the first steps in the annual appropriations process that will likely stretch to the end of the year.last_img read more

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EXCLUSIVE 30 of employers plan to prioritise wellbeing for 2018

first_imgEXCLUSIVE: Just under a third (30%) of employer respondents plan to prioritise wellbeing in 2018, according to research by Reward Gateway.Its survey of 565 HR, benefits and reward professionals who attended Employee Benefits Live 2017 on 10 and 11 October, also found that 15% of respondents plan to prioritise pay and benefits next year.The research also found:14% of respondents are planning to focus on recognition for 2018, while 10% will prioritise open and honest communications with staff.7% of respondents will prioritise leadership goals for next year, 7% will concentrate on defining their organisation’s purpose, mission and values, and 6% plan to prioritise their management in 2018.4% of respondents plan to look at job design as a priority for 2018 and 4% are going to focus on providing learning opportunities next year. Only 2% want to prioritise their workspace for 2018.Doug Butler (pictured), chief executive officer at Reward Gateway, said: “The 10 elements used in our survey are all key parts of building a successful relationship with employees and creating a more engaged workforce and culture. The clear spotlight on wellbeing, recognition, and pay and benefits is something we saw at the beginning of 2017.”last_img read more

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The Expanse is getting a fifth season

first_img 2019 TV shows you can’t miss Comments It was absolutely insane the show was cancelled in the first place, but great to hear Amazon has enough faith in the show to renew it a season ahead. The announcement was made at the Television Critics Association.Speaking of season 4, to celebrate Amazon released a teaser trailer for season 4, which launch Dec. 13. Share your voice 50 Photos Looks good so far! Burn like hell, we’ve got incoming! Here’s a new Season 4 sizzle to top off the Season 5 news. #TheExpanse— The Expanse (@ExpanseOnPrime) July 27, 2019center_img Culture TV and Movies 4 Here comes the juice — #TheExpanse Season 5 is officially confirmed.— The Expanse (@ExpanseOnPrime) July 27, 2019 The Expanse has been renewed for a fifth season. SyFy The Expanse is an excellent science fiction show set hundreds of years in the future, where the human race has spread out across the solar system. It has solid writing, phenomenal world building and a handful of truly compelling characters.Which is why everyone lost their minds when the show was cancelled by Syfy in May 11, 2018.Thankfully Amazon quickly swooped in and saved the day, picking the show up for a fourth season 14 days after its cancellation. But even better news: it’s just been announced that The Expanse is also getting itself a fifth season.We haven’t even had a chance to watch season 4 yet! Tagslast_img read more

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TS Govt urged to address water crisis in villages

first_imgPatancheru: Former local ZPTC Member Srikanth Goud on Wednesday called upon the State government to take steps for meeting water shortage in villages. Speaking after donating funds to Muttangi Sarpanch Upender for a water tanker, he criticised the government for not taking any action to meet water shortage although half of the monsoon season was over. Also Read – Hyderabad: Intermediate student dies of cardiac arrest in class Advertise With Us He pointed out that the supply problem could be gauged from the fact that villages were getting water once in five to six days, while seeking urgent government steps to tide over the situation. Among those present were Upa-sarpanch Linga Reddy, MPP Swapna, ward member Naveen, local leaders Srinivas Yadav, Rajesh, Ashok Mudiraj, Narayana, Yadayya and Shakeel.last_img read more

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Sundaram BNP Paribas Home Finance net profit remains flat for FY2017

first_imgConstruction officials at a building site in Hyderabad October 5, 2012 (representational image).Reuters fileSundaram BNP Paribas Home Finance, a joint venture between Chennai-based Sundaram Finance Group and Union de Credit pour le Batiment (UCB), a wholly-owned subsidiary of BNP Paribas, reported a marginal growth in bottomline for 2016-17. The company’s net profit was Rs 154 crore as against Rs 152.72 crore in the preceding fiscal.Loans disbursed by the company in 2016-17 rose 5 percent to Rs 1,831 crore from Rs 1,743 crore in the 2015-16, news agency PTI reported. The company said it saw recovery in select geographies.”We are clearly seeing a pick-up in the business activity in real estate sector. Karnataka, Andhra Pradesh and branches outside South India registered strong growth in our business over the last 12 months”, the agency quoted Srinivas Acharya, MD of the company, as saying in a statement.In the current fiscal, the company plans to raise Rs 1,700 crore to fund growth even as it gears up to widen its presence in West and Central India; currently, about 50 percent of its business comes from the southern states.Acharya said he is confident of improvement in the real estate sector this fiscal, mainly due to the affordable housing scheme of the Indian government. “We are hoping that this year we will see a full revival in the real estate sector on the back of Pradhan Mantri Awas Yojna of the Central government and the Government’s other initiatives,” he said.Union de Credit pour le Batiment (UCB) has 49.9 percent stake in the company, with the rest held by Sundaram Finance Limited.The Sundaram Finance Group has presence in business finance, insurance, mutual funds, business process outsourcing, logistics and IT solutions, in addition to home loans.last_img read more

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