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Civils in the news - Tuesday 24 March 2009

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… .

The chairmanof JCB, the construction equipment producer, also wants a “multibillion-pound” government investment in infrastructure development - modelled on programmes in the US and China - to help Britain out of the recession - The Financial Times
 
Companies risk making the same mistakes as in the previous recession by cutting too many jobs and by taking ineffective short-term measures that could harm them in the long run, a new report has said. Up to now, European companies have mostly got rid of temporary workers or cut full-time staff, says a report by Boston Consulting Group published yesterday - The Financial Times
 
A delegation of northern MPs will lobby the government today to support regional airports amid fears that losing links to London could damage their recession-hit economies further. A group led by Nick Brown, the government’s chief whip and confidant of Gordon Brown, is meeting Jim Fitzpatrick, aviation minister, after several services to Heathrow were dropped in recent weeks - The Financial Times
 
British rail freight traffic has fallen for the first time in five years because of a sharp drop in cargo as the economy grinds to a halt. The decline, which reflects plummeting demand for building materials, cars and other manufactured goods, has forced freight operators to park up wagons and cut or redeploy staff - The Financial Times



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

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