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  • Bagehot: The death of meritocracy

     

    TWICE during the 1970s, a stroppy decade, leftish British politicians tried to turn the monarchy into a nationalised industry. There were plans to place Queen Elizabeth II and a few close relatives on state salaries and sack the rest of her family, and?a few years later?for a Department for Royal Affairs, bringing the crown under Whitehall?s management. Both attempts were resisted. Since then, royal aides have cannily worked to secure autonomy and arms-length financing from government. Just now, the mood behind palace walls must be giddy relief.The queen has rarely been as popular as she is now, in her Diamond Jubilee year. The contrast with other arms of the establishment is striking, and revealing. For most people at the top of the public sector, this is a perilous time.For months there has been angry scrutiny of the sums paid to the bosses of public or publicly controlled bodies, from the BBC to the railways and the bailed out Royal Bank of Scotland (RBS). The BBC says that its next director-general will take a big pay cut. Network Rail directors this week bowed to ministerial nagging and promised to donate...

  • The coalition?s performance: Pulled hither and thither

     

    IMPRESSIVELY for a government led by a former public-relations man, the coalition avoided responding tactically to the news of the day in its first 18 months. David Cameron took big strategic decisions?on fiscal policy, education, policing, welfare, health care?and, for the most part, stuck to them. The government seemed to offer a sense of direction in convulsive times.Some of this has been lost in recent weeks. First the prime minister zig-zagged on the issue of a new European Union treaty designed to save the euro. Having refused to support it in December, to domestic acclaim, he has softened his opposition to the signatories using EU institutions to enforce their ?fiscal compact?. Europhiles and Eurosceptics alike doubt that he ever had a diplomatic game plan to begin with. This is policy by pragmatic reaction.Meanwhile the government trims and tilts on its proposed reform of the National Health Service. The initially radical bill, which would give family doctors more power to commission services and allow private provision to expand, enraged health workers. The coalition has mangled the legislation with so...

  • The Tories and European justice: A legal bombshell

     

    ?SACK the lot of them? came a cry from the Conservative benches of the House of Commons on February 7th, backed by a rumbling chorus of ?disgrace? and ?shame?. The object of the backbenchers? ire was the European Court of Human Rights in Strasbourg. Its judges had sorely provoked Parliament?not to mention the press and public opinion?by preventing Britain from deporting a radical Muslim cleric, Abu Qatada, to his native Jordan, citing concerns that evidence obtained by torture might be used against him there. That had led a British judge to grant him bail, albeit with strict curbs on his movements. No matter that Theresa May, the home secretary, calls the cleric a serious threat to national security.Some Conservative MPs urged Mrs May to defy the court in Strasbourg, the judicial arm of the 47-member Council of Europe and guardian of the European Convention on Human Rights (ECHR). Others want her to go further and suspend recognition of the convention, a rights charter crafted soon after the second world war. Such calls are in vain. Lib Dem ministers, backed by two liberal-minded Conservatives?Ken Clarke, the...

  • Manufacturing industry: The Midlandstand

     

    KEVIN WARD shudders when he recalls December 2008. His engineering company, Brown & Holmes of Tamworth, began the month with a pretty full order book. Spooked by the financial crisis, though, the carmakers and aerospace firms that buy his workshop equipment suddenly cut back. The company lived off ?scraps of work? throughout 2009. Turnover tumbled by one-third and the company went into loss. Mr Ward was unable to raise the financing needed to buy another firm that was going bust; to make matters worse, his company was put on credit watch, with extra banking charges.And now look at it. Brown & Holmes?s sales recovered strongly, rising from £2.3m ($3.6m) in 2009 to £4.3m in 2010, and have continued to go up since. Along with other Midlands manufacturers, it is thriving despite generally tight credit conditions. The former workshop of the world, which was crushed by the early 1980s recession and the rise of Asia?s low-cost manufacturers, is seeing work drift back. In Britain as a whole, some 100,000 manufacturing jobs have been lost in the past two years. In the Midlands, manufacturing employment has grown...

  • Private equity: Keep calm and carry on

     

    PEOPLE who work in private equity love a good party. But at a recent gala, many revellers looked beleaguered. ?This industry is going to go through a period where everybody gets sacked,? groused one private-equity executive to another.Life isn?t as flush as it used to be for private-equity, or buy-out, firms, which purchase companies with debt, fix them up and sell them. Debt, which juices the profits of private-equity firms, is harder to come by. And firms are stuck holding investments for longer, since the public markets are not strong enough to list companies and cash out.All buy-out firms share these tough conditions. But British outfits, which managed £146 billion ($234 billion) and 19% of global buy-out assets in June 2011, are having a tougher time than their American peers. Many British firms focus on investing in Europe, where the economic outlook is rotten. European banks are more loth to provide debt given their own funding difficulties. Another source of financing?the high-yield debt market?is weaker in Europe than in America.Many investors are wary of putting money into the euro-denominated funds that many British buy-out firms raise. Executives complain that they show up to meetings to be pummelled with questions about the European sovereign-debt crisis, not about their fund. One buy-out boss said that before the crisis, his executives had to meet with no more...

  • Grammar schools: Natural selection

     

    First the crammer, then the grammar
    MICHAEL GOVE, the education secretary, wants to offer parents who send their kids to state schools the same choice and quality that is available in the private sector. He has introduced reforms to allow popular state schools to expand and sink schools to shut. His new academies, which are largely free from local-authority control, are mostly popular. But in west Kent, parental demand has led to a potentially troubling development for Mr Gove: the prospect of the first new grammar school to be created for 50 years.Some 164 grammar schools remain in England, remnants of a once-universal system of selection at the age of 11 that shunted most children into secondary moderns, and which was mostly abolished in the 1960s and 1970s. Grammars are the only state schools that can select which children to admit on academic grounds.Getting into grammar school has become increasingly difficult. Nowadays it is not always enough for a child to pass the 11-plus entrance test. The most selective schools rank applicants according to their test scores, admitting only...

  • Quantitative easing: Just more of the same?

     

    THREE years ago the Bank of England, which had already cut interest rates to record lows, wheeled out a new, unconventional tool to stimulate the economy. It would buy government debt using newly-created cash?a policy that became known as ?quantitative easing? or QE. The Bank is now a market mammoth, owning over 30% of the £940 billion ($1.5 trillion) pool of outstanding government bonds. It is set to get bigger: on February 9th the Bank's monetary-policy committee authorised £50 billion of new purchases over the next three months. But is this strategy working?A surge of demand from a new buyer will push up prices in any market. Indeed, this is the Bank?s aim. Its current purchases outstrip the supply of new bonds by around £5 billion per month. This causes bond prices to rise, lowering yields and making them less attractive as investments. That, combined with the cash that investors receive from the Bank, ought to nudge them towards assets offering better yields, like corporate debt and equity. That, in turn, should lower businesses? financing costs and boost investment.Market movements suggest quantitative easing has achieved most of these things. Yields on ten-year government debt, a favoured purchase, have fallen from around 4% to 2% since the programme began. Over the same period the FTSE 100 index has risen by nearly 70%, although actions taken in America and Europe...

  • Beer: Brewers? droop

     

    BRITAIN is known for its lager louts and beer bellies. But after two decades of drinking strong, continental-style lagers, their beer is weakening. Several brewers have launched new lower-alcohol lines in the past five years, including a new range of 2.8% brews. Even flagship brands are getting weaker.Carlsberg Export, Stella Artois, Budweiser, Beck?s and Cobra are all cutting their alcohol content from 5% to 4.8% in Britain. The shift is small?brewers hope consumers will not notice?but it will save money at a time when ingredients are pricey. Duty on beer, which is paid by producers, accounts for a large part of its cost. Of a typical £3 ($4.75) pub pint, around £1 is tax, far higher than elsewhere in Europe. Unlike wine and cider, beer is taxed on a sliding scale according to its strength. For big brands, a small adjustment can make a big difference, notes Neil Williams of the British Beer & Pub Association, a trade body.It is smart to get drinkers used to weak tipples, since the government seems determined to raise the cost of getting drunk. To lure punters some supermarkets and booze stores...

  • The coalition and Europe: The veto that wasn?t

     

    FOR all its eventfulness, 2011 only produced one incident that really shifted the opinion polls. David Cameron?s refusal to support a new European Union (EU) treaty last December went down well with voters, who rewarded the Conservatives with their first lead over Labour in a year. It also cheered Tory MPs, many of whom had never warmed to their leader.Their initial joy increasingly looks misplaced, and they know it. Mr Cameron had initially said that the countries which signed up to the new ?fiscal compact? to strengthen the euro?potentially all 26 other members of the union?would not be able to use EU institutions such as the Commission and the Court of Justice. These are part-funded by the British taxpayer and meant to serve the whole EU.Soon after, Mr Cameron was deluged by behind-the-scenes legal advice, which suggested that Britain would not get its way on the institutional matter, and by angry Liberal Democrats, the more pro-European of the coalition parties. Sure enough, by the time of an unofficial EU summit in Brussels on January 30th, the government had watered down its position. It now says only that it has ?legal concerns? about the Court of Justice being used to enforce new fiscal rules. Although Mr Cameron says he will take action if the new arrangements compromise British interests, it is hard to see what, if anything, has been prevented by his veto.The...

The Economist: Britain Thu, 09 February 2012 16:02:40 GMT

Sea Freight Exports - Sea Freight Exports
...ver seas there are a number of options of transport. Using Sea freight exports is one method. There are many advantages to sending your goods this way. Choosing your goods by sea you are taking advantage of a cost-effective method of getting a whole range of bulky, heavy or non-urgent loads from A to B at a global level. There is one company who can offer you the very best service in Sea freight exports in the highly competitive market place today. All export customs formalities & brokerage services including documentary letters of credit, consular documents, bills of lading, Form C88, dock receipts, standard shipping notes, and certificates of origin are handled by them, together with vessel bookings through to destination ports. On arrival of your Sea freight exports their highly trained agents take care of everything through to final delivery to your customer...
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Grade Structure Review - Grade Structure Review
...etarial team, I was called into a meeting the other day to discuss a grade structure review for my team. Obviously, as within all large firms, there are different grades within every team. Within my team there are very many different levels that the staff work at, from a clerical assistant right up to the personal assistant to the chairman. However, in the meeting, the human resources felt that it was necessary to have a grade structure review of my department because they did not feel that the staff had enough room to manoeuvre in the pay department. They felt that a grade structure review would enable all members of the team to fulfil their potential without encountering any glass ceilings along the way. They argued, and I agreed with them, that a move such as this would only make the staff m...
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Chiller Trailers - Chiller Trailers
...e isn`t a fridge to be seen for miles? The simple answer is to take a refrigerated trailer to the site and power it by mains or generated power sources. chiller trailerscan provide plenty of cool when perishables need it the most. Tow chiller trailersbehind your family car and you`ll soon have a means of keeping perishables at a suitable temperature. At outdoor events a refrigerated trailer can come in especially handy. Weddings that have marquees can have plenty of food on standby when chiller trailersare used. For butchers attending a local food market a refrigerated trailer is a must. They can keep sausages and bacon in the right kind of settings and provide pork with plenty of cooling properties. A refrigerated trailer comes in many size options so there`s sure to be the perfect model for your nee...
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Fraud Solicitors - Fraud Solicitors
...themselves in this unlucky situation will need to find the best types of fraud solicitors. Help isn`t too far away for those unlucky people who are subject of investigation in Greater Manchester or Cheshire. They can contact a local team of fraud solicitorswho have been representing clients since 1993. In this time they have successfully helped numerous people who have been charged with a variety of offences. Accusations of commercial fraud might have been made or VAT and Duty fraud might be being investigated. If found guilty jail sentences could follow yet with the help of the fraud solicitorsit shouldn`t get to this stage. Plenty of previous clients have used the skills and the experience of the specialist solicitors when they have found themselves under investigation. Commercial fraud can take many guise...
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Acrylic Signs - Acrylic Signs
...e can contribute greatly to portraying a professional reputation for that firm. The style of the acrylic signs can vary hugely in a number of different aspects. The signs can be created with different thicknesses, can be cut to any shape and made in any colour, there may even be the possibility of performing a colour matching service. acrylic signs can have a variety of finishes; they can be backed with full images or have a white or frosted etch. A choice of wall studs may be available to mount the signs and complete that professional appearance. There are a number of different uses for acrylic signs, not only can they display the name or logo of a company, they can also display directions, for example, around a large office building. The valuable impression acrylic signs give off or the useful information they present ar...
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Refrigerated Trailer - Refrigerated Trailer
...to be stuck with is trays of rotting sausages, therefore, why not invest in a refrigerated trailer and you`ll be able to keep your goods in cool environments? Stock up a refrigerated trailer with all types of perishable foods and drinks and you`ll be able to travel in comfort knowing your goods are suitably chilled. A refrigerated trailer is the ideal type of transport for foods that are likely to perish in warm environments....
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Criminal Solicitor - Criminal Solicitor
...ution by the police you`d want a decent criminal solicitor to be by your side. Should Customs and Excise want to take you to court over a supposed smuggling operation legal representation will almost certainly be required. People that find themselves the subjects of court appearances often hire the services of a criminal solicitor. One leading firm of criminal solicitors has been representing clients since 1993. Since that time they have managed to successfully defend a large number of clients in numerous cases that were brought before the courts. The firm can provide detailed advice or they can represent their clients as and when it is required. Some of the dealings they can cope with might include VAT fraud or personal injury claims. They can provide solicitors to deal with road traffic accident claims or specialists in employment law. If you are wron...
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Pop Up Banners - Pop Up Banners
...advertise your business, special event or product. These banners will ensure maximum exposure of your brand, logo or important message with minimum fuss or effort. They are perfect for use outdoors, at sporting events like golf days, and just as useful indoors too at exhibitions for example. Pop up banners have many advantages over more traditional vinyl and PVC banners. The pop up design banners are much quicker and simpler to put up and have the advantage of being lightweight, durable and even weatherproof. Once you have ordered your custom made banner there is no further thought needed apart from where you are going to use it. They are easy to store as well as use and will last you a long time if looked after. You can find Pop up banners easily on line and you can have total control over the design or if you need a little assistance jus...
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Waterjet - Waterjet
... you with the parts that you need when you need them the most? There`s a supplier in Yorkshire who stocks a comprehensive stockpile of parts and these components are suitable for the leading waterjet cutting machinery. This supplier has been in business since 1987 and since its early foundations it has steadily developed into one of the UKs leading parts providers. At any given time they have a massive collection of parts in stock and customers in desperate need of consumables for their waterjet machines can soon be united with the essentials that they require. In particular this firm specialises in parts for WARDjet systems with components available for all of the machines that sit snugly within this range. This can include the J, R and Z-series of machines that customers have come to r...
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Hose Reels - Hose Reels
... provide valuable water to lawns and plants. Households throughout the World use hose reels to water prized shrubs and for numerous other reasons as well, including car washing, window cleaning and path maintenance. Garden hose reels can be purchased from various retailers such as garden centres, supermarkets, hardware stores and car accessory shops. With a variety of leading manufacturers such as Hozelock it`s easy to find hose reels that can keep gardens in fine condition. Not only do hose reels benefit gardens though, they have beneficial properties that can help in the workplace setting. Numerous industries use hose reels successfully to help their businesses run smoothly. Industries such as dairy produce, meat preparation and breweries all use hose reels on a regular basis. Similarly chemical works, constr...
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Biological Treatment - Biological Treatment
...and other simple organisms to treat waste material. It means that toxic chemicals may be decomposed into less toxic or non-toxic chemicals or may be absorbed by organic matter produced by bacteria or simply pass through, unchanged. This treatment is used for dealing with the sewage or wastewater that is emitted by businesses, industries and even residences. The effects of sewage water are extremely hazardous to health and obviously exceptional treatments are required to eliminate or treat it properly. Biological Treatment is the secondary treatment that is used in the process of eliminating sewage wastewater. In this phase of the treatment, sewage microorganisms are cultivated and added to the wastewater that absorbs organic matter from sewage as their food supply. There are three approaches that are used during the proces...
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Hoses - Hoses
...house with a garden and I am absolutely delighted to have some outside space at last. I have been stocking up with equipment for the garden and one of the things my father told me was very important was to make sure I looked at hoses for the garden. hoses are invaluable he said in that they make watering the plants really easy plus, when the weather gets really hot, you can water the whole garden really easily as well. Obviously, there are a lot of different types of hoses on the market and they can vary quite dramatically in price. However, my father told me to get a good all round one at a decent price and he said that would more than suffice. The problem was that I did not have a clue what I was looking for so I asked him to come with me to choose. Not only did I come away with a really good hose but I also bought lots of plants to put in m...
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Coasters - Coasters
... many that are not used for advertising purposes, they are a really fantastic way to promote a company. Using the web you can find many manufacturers and printers of promotional, advertising, products including fund-raising items. They specialise in full colour from small orders to very large ones. Using your logo and artwork from your business there design studio can produce all of the following: bookmarks, Coasters, place-mats, mouse-mats, key-fobs, , note-pads, pencil cases, passport holders, diaries, badges, tax disc holders, permit holders, car document wallets, to mention a few, Coasters being the most popular. Many suppliers of these will manufacture In-house from their own raw materials. To use them to promote, many are given as gifts or freebies, to customers, clients or possible future. They are uniquely d...
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Secure Disposal - Secure Disposal
...plies are got rid of by secure disposal . secure disposal is really important because if certain things are left lying around they can cause disease and, perhaps even death. One thing that is really necessary to ensure secure disposal of is used syringes. We have all heard of all the terrible diseases that can be caught from used syringes such as hepatitis and aids. However, this is one are where they are all disposed of very safely. However, out in the environment, such precautions can not be adhered to in the same way. As she tells me, often injecting drug users will leave their needles lying around in the street and in parks and that is where the real danger lies. As she said, often these people will be carrying disease and, because they leave their detritus lying around often in places wh...
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Employees Pay - Employees Pay
... of reasons it could be for a new challenge or for better pay. Negotiations are often entered into when it comes to the employees pay and some people are better at negotiating than others. If you have been offered a new job recently and are weighing up the financial package that comes with it would you feel confident with any negotiations that were to take place? If not you can always receive help in this area to increase the value of your original package. Consultants can be brought in who can analyse your existing package and compare it to the new offer that is on the table. Once the analysis has taken place a negation guide can be provided to increase the value of the new package. The consultants have helped to increase employees pay many times and they work with clients in all industry sectors. The prospect of working at a new...
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Engraved Labels - Engraved Labels
...Labels made for the cups that we will be giving out in our next tennis tournament. Obviously, we cannot get Engraved Labels before the tournament since we do not know who is going to win yet. However, I thought that I would get ahead of myself a little and find a company who is a reliable supplier of Engraved Labels so that, after the tournament, when the winners are known, I can get their cups engraved quickly so that they will have their prizes as soon as possible after the event. We are all really excited about this tournament, particularly the men`s final, as there are two really evenly matched players and the jury is totally out about who is going to win. Both of them are excellent players and really exciting to watch and there is a real buzz about the club in the anticipation of this event. I c...
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Passport Holders - Passport Holders
...ailable in many colours with black or maroon being popular choices and plenty of other colours to choose from as well. Each and every one of the Passport Holders is made from top grade leather and this will help to keep their contents safe from harm. You can contact the retailers who provide the Passport Holders and they`ll be able to help you out with any specific design ideas you have in mind. As marketing aids Passport Holders can be highly effective and they can certainly help to promote your company and get it noticed by a range of customers. Used for promotional purposes the Passport Holders are ideal as they look great and will get plenty of use by your valued customers. ...
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Full Colour Leaflet Printing - Full Colour Leaflet Printing
...to advertise a product or wanted to promote a new brand I`m certainly invest in full colour leaflet printing to get my message across to the target audience. When you look at the prices of the leaflet printing you quickly realize that it doesn`t cost half as much as you might imagine. Leaflets can be printed on one or both sides and the sizes tend to be either A5 or A4 depending on the customer requirements. The majority of print companies will accommodate print runs of most sizes but if you are running a large campaign then you might need to have thousands of leaflets printed off. Quantities can range from anywhere between 5000 to 100,000 for the larger types of advertising campaigns and they all prove to be highly cost effective. I`m sure most businesses could put the full colour leaflet printing to good use if they...
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Flag Poles - Flag Poles
...ttle loyalty to the place where you were born. On the various Patron Saints day around the United Kingdom you can see flags fluttering everywhere. Being and Englishman I`m proud to display a flag of St George and many other people feel exactly the same. Some of them like to put their flags on display all of the time and have them raised on a range of flag poles. Both ground mounted and wall mounted varieties are available and fibreglass options are extremely durable options for customers to choose. Once installed, the flag poles can withstand fierce winds and are fully maintenance-free, so you don`t have to worry about their upkeep in the future. The baseplate in hinged and you won`t have to worry about vandals attacking the rope pulley because it`s hidden away inside the pole and can only be accessed through ...
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Cesspit - Cesspit
...and waste water. They come in all different shapes and sizes and are usually stored underground. Traditionally, a cesspit was made out of brick and these are still prevalent in many older buildings or properties. However, more modern buildings or properties will have waste water tanks made from fibreglass. A cesspit will take all of a properties waste water including sewage, sink and bath water. Because of the nature of the waste that is inside the tank and because the tanks are completely sealed, they need to be emptied on a regular basis. However, this all depends on the size of tank, the size of the building, the number of people living in the property or if appliances such as dishwashers or washing machines are discharging waste water to the tank. A cesspit is usually installed instead of a septic tank because of the grou...
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Cheap Leaflets - Cheap Leaflets
...n you have a business, especially a new one it is very important to advertise products and services as much as possible. It is one of the best ways to let potential customers know what you can offer and where they can find you. The problem is that many businesses often have several costs and do not have much of a budget available for advertising. Many forms of advertising are very expensive, television and national newspaper adverts especially. One effective form of advertising that won`t break the bank is leaflets. Litho and digital printer services can often produce Cheap Leafletsthat can be delivered around the local area at a reasonable cost. Cheap Leafletscan look anything but cheap, they are printed in full colour on A4 or A5 paper and can even be printed on both sides. Cheap Leafletscan even be ordered on the internet and delivered to a business`s door for free. When ordering o...
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Archive Boxes - Archive Boxes
...My boyfriend and I are currently in the throes of moving house and we were looking for ways to pack up our belongings. Luckily, my boyfriend works for a large office firm in the city centre and they have lots of archive boxes which he was able to bring home. We have found that the archive boxes are ideal for packing up belongings as they are so sturdy and can contain quite a lot of things. We are absolutely shattered at the moment because every single evening we are spending packing the archive boxes to the top with as many things as we can. As you can imagine, the place looks really desolate and we are sitting on the floor eating takeaways every night feeling really miserable. However, my boyfriend said to me the other day that we should focus on the future and we are indeed moving to a really lovely property. I know that in a couple of weeks all of this misery will be behind us an...
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Sea Freight Imports - Sea Freight Imports
...are planning to import goods into the UK can call on the services of sea fright import specialists who can provide cost effective solutions to the entire process. Problems faced with customs clearance and customs inspection can soon become minor concerns because the sea freight imports can deal with such formalities. Theyâ??ll ensure that all the right documentation is completed and they will be able to bring in sea freight imports from the Far East and the Americas, or China if thatâ??s where the goods are based. You might want to bring unusually large cargos from overseas and this can be handled with special types of shipments. The sea freight imports will be totally secure during their travels and once they reach the UK they will be speed through the customs procedure. This is possible due to detailed identification and documentation procedures that ensure the cargos...
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Water Jet Machines - Water Jet Machines
... types of water jet machines you should invest in for the future. Having looked at numerous options one clear candidate seems to stand out from the rest. The modern ranges of WARDjet water cutting machines are simply head and shoulders above other types of machinery. Manufactured in Ohio, these mighty machines are setting new standards in the water jet cutting industry. If you want automated solutions and a platform that is capable of numerous applications the WARDjet system is the ideal machine for your needs. How many water jet machines can provide you with the ability to mark a part, cut a hole, tap a thread into the same hole and then wash, dry and rotate the part in readiness for an attachment to be fitted? This one-stop platform has these kinds of capabilities plus a while lot more. If you are looking for cutting-edge machine...
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