Sir Anthony Bamford, one of the UK’s most senior industrialists, has called for wage subsidies to support employment at manufacturers in financial trouble as a result of the downturn… .
Britain’s largest oil storage facility has been put up for sale after its troubled American owner filed for bankruptcy protection from creditors. The sale of Sem Logistics, operator of more than 50 huge tanks at Milford Haven, Pembrokeshire, with the capacity to store 8.5M barrels of crude oil, or about 10% of global daily production, is being handled by Blackstone Group, the American private equity firm - The Times
Deflation will officially return to Britain today after an absence of nearly 50 years, when government data is expected to show that the retail prices index – the country’s broadest measure of inflation – has turned negative. After the indicator barely scraped over zero to 0.1% in January, another month of tumbling interest rates, collapsing house prices, and lower gas and electricity charges is expected by economists and City experts to have pushed February’s figure to about -0.8% - The Guardian
Opposition to wind farms should become as socially unacceptable as failing to wear a seatbelt, Ed Miliband, the climate change secretary, has said. Speaking at a screening in London of the climate change documentary The Age of Stupid, Miliband said the government needed to be stronger in facing down local opposition to wind farms - The Guardian