Sunday, 27 January 2013

Is London still in the EU?

The English Prime Minister wants a different European Union (EU), "less rigid and bureaucratic".

In his long-delayed speech in London on January 23, Mr Cameron declared he wants to renegotiate Britain’s relationship with the EU and for this reason he will give Britons an in/out say on the treaty if Tories win the election in 2015. 

In this case the national vote will be held by autumn 2017 at the latest.

David Cameron agrees with a European Union dedicated to free trade and competitiveness and wants to enhance intense cooperation on issues like tackling terrorism, but “decisions affecting the people of a country should be made by the Government of that country,” he said.

His speech divided the Coalition, while Labour said the Prime Minister had shown weaknesses by giving in to the eurosceptics, who finally see the opportunity for Britain to loosen its ties with the EU and try for a half-in-half-out status similar to Norway’s or Switzeland’s.

However, politicians all over the EU have made it clear that David Cameron could not have it both ways.

European Parliament president Martin Schulz said:”I find what Mr Cameron is doing very implausible”.

John Cridland, director-general of the CBI, said that the EU single market is fundamental to Britain’s future economic success, but the closer union of the Eurozone is not for this country. The CBI wants to work closely with government to get the best deal for Britain.

According to Chancellor of Exchequer George Osborne, Britain is tumbling towards a historic triple-dip recession because of the debts built up over many years and problems with the Eurozone, where UK exports most of its products, in recession.

Sunday, 20 January 2013

High Street chains face the internet domain

On January 15, music giant HMV announced it was putting himself into administration after 91 years in the disc selling business.

The multinational retailing company joined a parade of High Street casualties, including Jessops, a chain of camera shops, and Blockbuster, which rents DVDs and computer games.

It has all happened in just over a week.

Shortly before Christmas even electrical retail chain Comet closed its 236 stores all over the UK after nearly 80 years in the business.

Is this the death of the High Street?

Probably not yet, however the reality strikes after Christmas and the competition from cut-price internet sites, along with high business rates, does not help the world of  mainstream electronics retailers.

The British Retail consortium has urged the Government to freeze the rise of 2.6% in business rates schedule for April, which it calculates would add £175 million to retailer’s costs.  Business rates are now higher than rents in some areas, and retails will struggle more and more if the Government does not act to curb this inexorable rise.

According to the Office for National statistics, the disastrous month means the retail industry has seen its worst year-on-year growth (0.3 per cent) since 1998.

Despite recessions and the devastating collapses of several UK retail chains, department stores grew sales 0.4 per cent, while online sales were up 1.6 per cent and grew to 10.6 per cent of all retail sales over the month. Music and video have moved online fastest for obvious reasons, followed by books and electrical goods.

Will the online shopping take over the world of retail at some point? We cannot answer right now.

However, retailers all over the UK know that they will face another challenging year.

Sunday, 13 January 2013

It is 150 Years and is still running!

Source: www.google.com
Last Thursday marked the 150th Anniversary of the London Underground, which is also the first tube in the world.

On January 10, 1863 the first underground journey was made between Paddington and Farringdon on the Metropolitan Line. The vehicle was built by the Metropolitan Railway, a company formed to reduce congestion on central London roads and that served the capital until 1933.

At that time there were around 25,000 passengers a day using the Underground.

It now carries more than 1 million travellers a year, serves 270 stations and has 249 miles of track.

The ongoing upgrade programme, that was started in 2006, is one of the largest and most complex engineering projects in the world and will carry on for the next nine years.  

There have been major improvements to the system so far. Stations like Blackfriars, King’s Cross and Green Park have been rebuild and others will be renovated soon  (i.e. Tottenham Court Road and Victoria).
Capacity and service frequencies have been boosted on the Jubilee and Victoria Line and later in 2013 there will be higher frequency services on the Central line.

Transportfor London (TFL) was created in 2000 to replace the London Regional Transport and is the local Government body responsible for most aspects of the transport system both in London and in England.

London Underground plays a very significant role in most Londoners’ lives, not to mention the tourists.

Without the Tube, special events such as last summer’s Olympic and Paralympic Games would not have been the massive success that they actually were.

A wide range of celebratory events and activities will be held throughout 2013 to explore the Tube’s fascinating history.


For more information visit:
http://www.tfl.gov.uk/corporate/projectsandschemes/25979.aspx



Did you know? The word “Underground” and the rounded station logo first appeared in 1908.



Monday, 24 December 2012

Merry Christmas and Happy New Year!

My best Christmas wishes and Happy New Year to all my dear readers...

This is the end of the gap

London Overground’s Southern extension opened to rush-hour passengers two weeks ago, creating London’s first orbital surface railway.

The new link between Clapham Junction and Surrey Quays means passengers can avoid changing in central London and commuting is now quicker, easier and cheaper too.

The extension came just one month after London Overground celebrated its fifth birthday and at least four trains an hour in each direction now link the South-West of the capital with East London.

South Londoners can also enjoy a new range of journey options both East and West with quick connections to national Rail services to Gatwick and across South-East and South-West England.

According to Mike Brown, managing director of London Underground and London Rail, the Southern extension is the last piece in the jigsaw of the outer orbital route.

If the Circle line is the equivalent of the North and South Circular roads, this is the M25 of rail,” he said.

London Mayor Boris Johnson, before boarding the new service for the first time said: ”The Overground is hugely popular. Trains are comfortable and air-conditioned. This has helped us mount our argument to continue the integration between the Underground and the Overground”.

The new 1.3Km stretch of line cost £75 million and most of it has been funded with support from the Department for Transport, while the Mayor and Tfl contributed £15 million to it.

Around 13 million passengers a year are expected to use the new rail link while forty-eight drivers and five support staff have been hired. This is surely good news in the current economic climate.

To find out more about London Overground, go to:
http://www.tfl.gov.uk/corporate/projectsandschemes/16224.aspx

Friday, 14 December 2012

In such austerity measures, it is better to stay in the middle!

Source: http://www.cartoonstock.com

Austerity is beginning to seem less like a project and more like a long-term state of affairs.

While delivering the Autumn Statement last week, Chancellor George Osborne declared that reducing the deficit would take longer than he thought initially as a drop in the public debt burden seems unlikely until 2017-18.

Along with “the legacy of a decade of debt”, he blamed the alarming figures on recession in the Eurozone, the slowing growth in China and the US fiscal cliff.

The economy has suffered a blown worse than the post-World War II and anxiety about recovery keeps businesses from investing. Even the best firms cannot be sure of getting credit, which hurts productivity.

The Chancellor of Exchequer said that the rich, professionals and people on welfare would withstand the worst of the latest changes.

The Government in fact, will take money from the better off and those on benefits, while trying to preserve the incomes of those in the middle.

The three-year welfare squeeze will hit those on income support, housing benefit, Jobseeker’s Allowance, child benefit and tax credit.

The welfare payments of working-age households will be uprated by only 1 per cent in the three years from April 2013.

Wealthy individuals will also hard-hit by a £1 billion-a-year raid on pensions.

The Office for Budget Responsibility (OBR) reckons GDP will contract by 0.1 per cent this year, compared with the 0.8 per cent increase it hoped in March and borrowing will be around £50 billion more than planned, over the next five years.

Despite declarations that there are no “miracle cures”, just hard work, Mr. Osborne found spare cash to make the life of motorists easier by abolishing the 3p fuel duty increase due next month and delayed until September a second rise due in April.

Meanwhile the economists also warned of more big cuts in public services including the police, defence, local government, environment and transport, if the Government continues to protect spending on the NHS and schools.

Wednesday, 12 December 2012

Same-sex wedding recognised in a historic equality reform

The Culture Secretary Maria Miller unveiled the Government’s plans to allow same-sex marriages, including ceremonies in some churches and other religious buildings.

Within two years, thousands of gay couples will be able to convert their civil partnership into a legally recognised marriage.
 
The Commons statement was made yesterday in the face of angry religious opposition and hardline Tories.
 
However, Maria Miller promised a ‘quadruple lock” written into law to ensure religious institutions and faith groups will not be forced to take part.

In fact, the Bill will state that no minister or organization can be ‘forced’ to marry same-sex couples and the Equality Act 2010 will be amended accordingly to stop discrimination claims.
 
PM David Cameron suggested that there is no reason to bar other churches from voluntarily hosting homosexual weddings, instead.
 
According to the new reform, gay marriage will be banned only in the Church of England and in the Church of Wales.
 
MPs will have a free vote on a Bill next year and more than 100 Tories along with up to 40 Labours have already indicated they will oppose a change in law. 
 
Also the Coalition for Marriage expressed disagreement by saying it was ‘disgraceful and undemocratic’ that the Government had ignored 500,000 people who signed a petition opposing gay marriage.

Meanwhile, recent polls have shown clear backing for gay wedding among voters, with only older people and church-goers strongly opposed.

Mr Cameron has gone further than ever in his modernising drive to back gay weddings in church and this is a powerful symbol that his party is at ease with diversity, despite UKIP claims that the reform will ‘rip apart’ the Conservative Party.