Executive pay needs simplification say PwC
Executives are unmotivated by incentives due to their increasing complexity, according to a recent study.PwC and the London School of Economics found that many features of current pay packages mean…
£800,000 pledged to increase Tees Valley employment
The Government and Tees Valley Councils have pledged more than £800,000 to help tackle youth unemployment across the area.The Department of Work and Pensions awarded a £500,000 Flexible Support Fund…
Carbon price floor could waste up to £1billion
Taxing emissions will do little to reduce carbon and could damage the reputation of climate change policy, according to the Institute for Public Policy Research (IPPR).The Government’s Energy Bill was…
Inflation falls to 3%
UK inflation fell last month to 3%, the lowest rate since February 2010.The Retail Prices Index fell to 3.5% from 3.6% in March, while the Consumer Prices Index fell to…
Publication of Beecroft Report brought forward
The publication of the Beecroft Report has been brought forward, after controversial employment plans were leaked.Under plans set out by venture capitalist Adrian Beecroft, it could become easier for firms…
Institution’s Past President Visits Flood Alleviation Project
One of the Institution of Civil Engineers’ (ICE) leading lights has taken a tour of a major North East coastal protection scheme, to see how the region is dealing with…
Stripping labour rights “complete nonsense“, says Cable
The Business Secretary Vince Cable has labelled plans to cut employment red tape by stropping down labour rights and making it easier to sack staff as “complete nonsense,”. Attacking rivals…
Give councils more tax powers say IoD
A new report has recommended that Local Authorities should be allowed to raise half their income from local taxes to boost economic growth.According to the TaxPayers’ Alliance and the Institute…
Business Secretary visits Teesside to witness steel production
The Business Secretary has visited SSI Teesside to announce the award of £1.4 million from the Regional Growth Fund to the plant, which will create and protect 1,800 jobs.Last month…
Farming sees 25% increase in profits
The UK farming sector saw profits rise by 25% last year to £8.84 billion, according to the National Farmers Union.The increase was attributed to rising meat and grain prices in…