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David Prosser: Index-linked gilts… the more the merrier
The Debt Management Office (DMO) deserves credit for having had the prescience to structure gilts issuance in this way, though it has had no choice but to think more creatively about managing demand than its opposite numbers in less indebted countries. Still, with record gilts issues planned for this year, now is the time to go further: it should accede to the call made yesterday by the National Association of Pension Funds for much greater use of long-dated index-linked gilts.
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Commercial property may cause new crisis, says FSA
Author: By James Moore, Deputy Business Editor
In its overview of the financial risks facing Britain this year, the FSA said about £160bn of UK commercial property debt would mature over the next five years. During the recession, many commercial property companies were supported by forbearance from banks, which often waived conditions attached to loans, it added.
Read more on Commercial property may cause new crisis, says FSA…
What financial crisis? Number of billionaires hits new high
Author: By Stephen Foley in New York
The number of billionaires has soared in the past year, and dozens of people
who lost that elite status in the credit crisis have won it back as stock
markets and commodities prices have rebounded. But the man behind the list
warns that the West is losing ground to Asia, from where the bulk of the
newly-minted billionaires have emerged.
Read more on What financial crisis? Number of billionaires hits new high…
Officials apologise to members of family raped by ‘British Fritzl’
Author: By Mark Hughes, Crime Correspondent
An investigation found that the family had contact with 28 different agencies and 100 members of staff over 35 years. The Sheffield man, who cannot be named, was given a life sentence after admitting 25 counts of rape.
Read more on Officials apologise to members of family raped by ‘British Fritzl’…
High-speed rail route to be set out
Author: By Michael Savage, Political Correspondent
Lord Adonis, the Transport Secretary, has promised today’s announcement will narrow down the route of the new line to within five metres in urban areas and 25 metres in the countryside. Work on the line is set to begin in 2017. The Department for Transport (DfT) is bracing itself for legal action as major local campaigns spring up to resist the scheme.
BA faces prospect of crippling strikes as talks break down
Author: By Alan Jones, Press Association
Hopes of a breakthrough in the long running dispute collapsed when marathon
talks ended without agreement.
Officials from Unite will meet today to decide their next move, and are set to
announce strike dates.
Read more on BA faces prospect of crippling strikes as talks break down…
Victims of crime get ‘inadequate’ police response
Author: By Chris Greenwood, Press Association
Denis O’Connor, the Chief Inspector of Constabulary, said the recording of
information about harassment, criminal damage and verbal abuse was “inadequate”.
He said more than half the 43 forces in England and Wales could not
automatically identify repeat victims, leaving officers unaware of the most
vulnerable people needing help.
Read more on Victims of crime get ‘inadequate’ police response…
Victims of crime get ‘inadequate’ police response
Author: By Chris Greenwood, Press Association
Denis O’Connor, the Chief Inspector of Constabulary, said the recording of
information about harassment, criminal damage and verbal abuse was “inadequate”.
He said more than half the 43 forces in England and Wales could not
automatically identify repeat victims, leaving officers unaware of the most
vulnerable people needing help.
Read more on Victims of crime get ‘inadequate’ police response…
Ten great female philosophers: The thinking woman’s women
I feel women in general are less comfortable than men in inhabiting a highly austere, cold, analytical space, such as the one which philosophy involves. Women as a whole – and there are obvious exceptions – are more drawn to practical, personal matters. It is not that they inherently lack a talent or aptitude for philosophy or higher mathematics, but rather that they are more unwilling than men to devote their lives to a frigid space from which the natural and the human have been eliminated.
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