PLC 4ever Mon, 29 Nov 2021 11:45:39 +0000 en-US hourly 1 PLC 4ever 32 32 Twenty years later, the Brics have disappointed Mon, 29 Nov 2021 11:45:39 +0000

The author is a former chief economist at Goldman Sachs and was UK Treasury Secretary in the government of David Cameron

20 years ago I published a paper that formally summarized the emerging economies of Brazil, Russia, India and China and coined the term “brics” to describe them. Since these countries were likely to continue their remarkable GDP growth for the next decade, I argued that we desperately need them to play a bigger role in world governance. Since France, Germany and Italy are in a permanent economic and monetary union, I suggested that their individual seats in the G7 and the corresponding representation at the IMF and the World Bank be merged into a single European seat to make way for the Bric countries, a slightly expanded G7.

It wasn’t until 2003, when my team published another article, “Dreaming with Brics,” that we hypothesized that these four nations could collectively become larger economies than the G6 (excluding Canada). Our timing was accidental and coincided with a globalization boom which resulted in many international companies doing more business in Bric countries.

A few years later, the financial crisis finally brought changes in global governance that were long overdue. My recommendation to consolidate the major continental European economies into a single representative never materialized. But in response to the market turmoil, then US President George W. Bush convened the G20 in 2008 – a group to which the four Bric countries belonged. When Gordon Brown, the British Prime Minister at the time, received the extended group in London a year later, it consolidated its central role in global economic and financial issues.

The introduction of the Financial Stability Forum – which became the Financial Stability Board in 2009 – and a rebalancing of voting rights and ownership interests at the IMF and World Bank also seemed significant. Both seemed to me to be important developments in the direction of greater common prosperity and a more representative form of global governance for the future.

How disappointing then, another decade later in November 2021, that absolutely nothing has progressed. The mandatory five-year Special Drawing Rights Review – which would likely improve the objective presentation of key emerging market currencies to reflect their growing strength – has been postponed. Due to the rivalry between the US and China, the G20 itself now appears to be divided. Very little seems to be doing.

This is particularly worrying given that, while the IMF predicts that developed economies will not suffer any significant damage in the wake of the pandemic, emerging economies, with the exception of China, are likely to experience much slower growth than they had forecast before the coronavirus outbreak.

Not only has the G20 been unable to agree on a fair plan for the distribution of Covid-19 vaccines, but some members have spoken out against the formation of a new Global Finance and Health Board that will address global resilience would strengthen future health challenges. Most worrying is the shared failure to show leadership on the 1.5 ° C climate target, the central feature of this month’s COP26 summit.

Of course, the Bric leaders also founded their own economic and political club in 2009, which South Africa became “Brics” – a development that increased the popularity of the acronym. But aside from creating another development bank, they have done very little policy coordination to fuel their own collective economic endeavors. Even within the G20, they have made no constructive contribution to the global common good. That is similarly disappointing.

China is the only Bric country to beat its growth projections, and India is not far from meeting its estimates. But because of the dismal second decades, neither Brazil nor Russia saw their nominal US dollar shares of GDP grow more than they did in 2001. The great challenge of how these countries can successfully achieve higher income status for society as a whole remains unsolved.

South Korea remains the only shining example of the nations genuinely striving to achieve this goal. In my professional life, it is the only country that has developed its economy so that its citizens are as wealthy as in southern Europe. No other nation with more than 45 million inhabitants is still close.

Countries like Brazil, Russia, Indonesia, Nigeria, and Vietnam should try to mimic Seoul’s economic success for their own societies. That will end up making their people wealthier and likely happier, while promoting more equality around the world.

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Royal family quarrel with popular British broadcaster over new documentary “Tittle Tattle” Mon, 29 Nov 2021 03:27:00 +0000

The BBC’s coverage of Queen Elizabeth’s platinum anniversary in the UK next year could be fueled by the controversy surrounding the documentary series entitled The Company’s Royal Family. be hindered The princes and the press, because of the feuding Prince William and Harry. Prince William has already banned the broadcaster from showing a Christmas charity event organized by his wife Kate at Westminster Abbey. The princes and the press, a documentary by Amol Rajan, explores Prince William and Prince Harry’s relationship with the press. The Royals, on the other hand, criticized the show for giving credence to exaggerated and untrue claims that unflattering stories about the Duchess of Sussex had leaked from courtiers and that there was rivalry between the separate households of Prince William and Prince Harry.

With the second part of The princes and the press airs on BBC2 tomorrow night and fears it might focus even more on the schism between William and Harry if the boycott is extended, Daily mail reported. According to palace sources, the claims are categorically wrong. The second chapter is expected to focus on the split between the two brothers as well as Sussex’s decision to leave Britain entirely. “There is an expectation that this program will be worse than the first. There are already plans for media coverage around the anniversary, but it’s not all nailed down yet. Depending on the content of the program, there could be a collaboration withdrawal if it does comes to interviews or other projects with the BBC, “said a source of the media agency.

Royal Family documentary entitled “Tittle Tattle”

According to other reports, William will seriously consider future projects with the BBC, and senior royals may avoid the station after the documentary is branded Tittle Tattle and insulted the queen. While the duke will determine the reaction to what turns out to be, there is perfect unity between all three royal households, a source said Daily mail. There was no way to get rolling papers in between. There is an important issue of integrity, the source added.

Britain and the Commonwealth will celebrate Queen Elizabeth’s platinum anniversary, which will be her 70th year as monarch in 2022, with celebrations, parades and bonfires. Buckingham Palace has already announced a number of lavish activities for the royal family and the public over a four-day bank holiday weekend in June 2022. Details of the historic event were announced in June, a year ahead of schedule, and in front of the Queen recently, several appointments were canceled due to illness.

(With contributions from agencies)

Image: AP

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Is Inchcape plc (LON: INCH) recent price action supported by weak fundamentals? Sun, 28 Nov 2021 07:31:59 +0000

With the stock down 6.5% over the past three months, Inchcape (LON: INCH) is easy to ignore. It seems that the market has completely ignored the positive aspects of the company’s fundamentals and has chosen to give more consideration to the negative aspects. Stock prices are usually determined by a company’s financial performance over the long term, so we decided to pay more attention to the company’s financial performance. In particular, we’re going to be paying attention to Inchcape’s ROE today.

Return on Equity, or ROE, is an important metric for assessing how efficiently a company’s management is using the company’s capital. Put simply, it measures the profitability of a company in relation to its equity.

Check out our latest analysis for Inchcape

How do you calculate the return on equity?

the Formula for return on equity is:

Return on Equity = Net Income (from continuing operations) ÷ Equity

So, based on the above formula, the ROE for Inchcape is:

6.6% = UK £ 79m £ 1.2bn (based on the last 12 months through June 2021).

“Return” refers to a company’s earnings over the past year. One way to conceptualize this is that for every £ 1 of shareholder equity the company made a profit of £ 0.07.

Why is ROE important to earnings growth?

So far we have learned that ROE is a measure of a company’s profitability. Depending on how much of these profits the company reinvests or “withholds” and how effectively this is done, we can then estimate a company’s earnings growth potential. Assuming all else is equal, companies that have both higher return on equity and higher earnings retention typically have a higher growth rate than companies that do not share the same characteristics.

Income growth and 6.6% ROE from Inchcape

At first glance, Inchcape’s ROE isn’t saying much. We then compared the company’s ROE to the broader industry and were disappointed to find that the ROE is below the industry average of 19%. Hence, it cannot be wrong to say that Inchcape’s 32% decline in net income over five years is likely due to a lower ROE. We assume that other factors could also play a role here. For example, the company has a very high payout ratio or is under competitive pressure.

Since industry profits declined 31% over the same period, we conclude that both the company and the industry are shrinking by the same amount.

LSE: INCH Past Earnings Growth Nov 28, 2021

Earnings growth is an important metric to consider when evaluating a stock. It is important for an investor to know whether the market has factored in the company’s expected earnings growth (or decline). This then helps them determine whether the stock is placed for a bright or bleak future. What is INCH worth today? The intrinsic value infographic in our free research report helps to visualize whether INCH is currently being mispriced by the market.

Is Inchcape Using Its Retained Profits Effectively?

Despite a normal 3-year median payout ratio of 41% (with 59% of earnings withheld), Inchcape saw earnings decline as we saw above. So other factors could play a role here that could potentially stifle growth. For example, the business has seen quite a bit of headwind.

In addition, Inchcape has been paying dividends over a period of at least a decade, suggesting that maintaining dividend payments is far more important to management, even if it comes at the expense of business growth. Our latest analyst data shows that the company’s future payout ratio is projected to be around 40% over the next three years. However, Inchcape’s ROE is forecast to rise to 20%, although the payout ratio is not expected to change.


Overall, we believe that Inchcape’s performance can be open to many interpretations. While it may appear to be holding most of its profits, investors may not benefit from all of these reinvestments given the low ROE. The low earnings growth suggests our theory is correct. With that in mind, we’ve examined the latest analyst predictions and found that while the company has shrunk its earnings in the past, analysts expect its earnings to rise in the future. To learn more about the company’s future earnings growth projections, take a look at this for free Report on analyst forecast for the company to learn more.

This article from Simply Wall St is of a general nature. We only provide comments based on historical data and analyst projections using an unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your goals or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamentals. Note that our analysis may not take into account the latest company announcements or quality material, which may be sensitive to the price. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this article? Concerned about the content? Get in touch directly with us. Alternatively, send an email to the editorial team (at)

The Afghan Prime Minister defends Taliban rule amid the economic crisis Sat, 27 Nov 2021 19:20:00 +0000

The Afghan Taliban Prime Minister defended the group’s rule in a public speech on Saturday, saying it was not to blame for a worsening economic crisis and was working to fix the corruption of the overthrown government.

He also rejected international pressure to create a more inclusive cabinet.

The half-hour audio, played by state media, was Mohammed Hassan Akhund’s first public speech since the Taliban captured Kabul and secured their rule over the country three months ago.

The Taliban takeover cut off international aid to the government and freezes billions in Afghan assets overseas, adding to an already crumbling economy.


Women wait for cash at a cash dispenser organized by the World Food Program (Petros Giannakouris / AP)

Akhund said the problems of worsening unemployment and the financial crisis began under the previous US-backed administration, adding that Afghans shouldn’t believe claims that the Taliban were to blame.

“Nation, be vigilant. Those left in secret from the previous government are causing … fear and leading people to distrust their government, “he said.

The overthrown government operated “the weakest system in the world,” he said, referring to the pervasive corruption.

In contrast, he said, the Taliban are eradicating corruption and bringing security across the country.

“We try to solve people’s problems as well as possible. We work overtime in every department, ”said Akhund.


Taliban fighters and Afghan men pray in the village of Kamar Kalagh near Herat (Petros Giannakouris / AP)

He added that the group had formed committees to try to resolve the economic crisis and pay salaries to government employees who have been largely blank for months.

UN officials have warned of a humanitarian crisis that will drive millions of Afghans deeper into poverty and starvation, and more and more people on the verge of starvation.

Afghanistan has been hit by one of the worst famines in decades, and the economic collapse has left many people unable to afford food.

Akhund urged people to pray for an end to the famine, which he called “a trial of God after people rebelled against him.”

The United States and other countries have refused to recognize the Taliban government until it includes more of the ethnic and political spectrum of Afghanistan, as well as women, and guarantees women’s rights.

All ministers in the current cabinet come from the ranks of the Taliban.

The Taliban did not completely ban women from the public as they did during their previous rule in the late 1990s.

But they have ordered most female government employees not to come to work and not let secondary girls return to school even though they allowed younger girls.

Akhund rejected the claims, saying the government had members from all over the country.

He insisted that the Islamic Emirate, as the Taliban call their government, “saved the dignity of women”.

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UK toughens Covid rules as new strain hits market Sat, 27 Nov 2021 17:58:09 +0000

Issued on: Changed:

London (AFP) – The UK on Saturday announced stricter entry rules for all arriving passengers and the return of a mask mandate after confirming its first two cases of the new Omicron strain of Covid-19.

The cases were both related to travel from southern Africa, and the government also increased travel restrictions to the region by adding four countries to a “red list”.

Prime Minister Boris Johnson said face masks would be required again in shops and public transport after controversially abandoning the mandate in July when he reopened the UK economy after a previous nationwide lockdown.

He now signaled no new lockdown, vowed a review of the new measures in three weeks and expressed the hope that the British could look forward to a more festive Christmas than last year.

“But we need to go further now and introduce a proportionate testing regime for comers from around the world,” Johnson said at a hastily arranged press conference hours after the government confirmed the first two Omicron cases.

“So we’re not going to stop people from traveling… but we’re going to require anyone entering the UK to do a PCR test by the end of the second day after they arrive and self-isolate until they get a negative Result has. ” he said.

Currently, all British and foreign nationals entering the UK are required to have a PCR test the second day after they arrive.

The new rules add the requirement of isolation to a negative result, greatly tightening the regime to contain the spread of the new strain.

“I very much hope that we will find that we remain in a strong position and that we can take these measures back,” said Johnson. “But at the moment this is a responsible approach.”

The Prime Minister did not indicate when the new test regime and mask mandate would come into effect.

Boosting the booster

But effective early Sunday, the government said it banned travel to four other African countries – Malawi, Mozambique, Zambia and Angola.

Great Britain has already announced that it will ban travel from six South African countries due to the emergence of Omicron: South Africa, Namibia, Lesotho, Eswatini, Zimbabwe and Botswana.

“After overnight genome sequencing, the UK health security agency has confirmed that two cases of Covid-19 with mutations consistent with B.1.1.529 (Omicron) have been identified in the UK,” said a government statement.

“The two cases are related and there is a connection to travel to southern Africa,” it said.

One case was discovered in the central English city of Nottingham and the other in Chelmsford, east of London, officials said.

“We have been moving quickly and people are self-isolating while the contact tracing is ongoing,” said Health Minister Sajid Javid.

The government was widely criticized for its travel and quarantine policies early in the pandemic for keeping borders open to foreign travelers even as infection rates rose.

“This is a strong reminder that we are not yet through this pandemic,” said Javid, urging the public to get follow-up vaccination.

Johnson said he plans to expand the booster vaccination program in the hopes that government scientists will agree to a government request to shorten the time frame between the second and third vaccination, which is currently set at six months.

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Evergrande collapses to “have an immediate impact” on UK property market – collapse looming | Great Britain | news Sat, 27 Nov 2021 12:00:00 +0000

Should the giant real estate company file for bankruptcy, an industry insider warned that the impact could have an immediate and “serious impact” on the UK market. Speaking to, Jonathan Rolande from House buy quickly, London in particular said that a collapse in the Chinese real estate market will be directly affected. With the market accounting for 29 percent of China’s GDP, Rolande drew parallels with the 2008 financial crash.

He said, “2008 started with sub-prime lending with banks that we had never heard of in the US.

“We have the direct impact of Chinese investment in London, so that’s an immediate impact and then the haunted effect.

“Why is the average price £ 270,000? Because it’s worth it.

“Why? Because people are willing to pay that price.

“As soon as you feel the market is going to rise or fall, it will fill itself.

“So anything that goes wrong as far as China could have serious repercussions here.”

In the vast real estate market, Evergrande is one of the largest companies but has accumulated US $ 305 billion (£ 221 billion) in debt.

Mr Rolande added: “There are cranes on every part of the London skyline.

JUST IN: China and Russia challenge US dominance in space

“You would see sales plummet. Builders and developers would be shocked.

“Then they would mothball larger projects.”

Although Evergrande tried to sell assets to cover its debts, the German Market Screening Agency claimed the company missed five bond interest payments.

They claimed the deadline was £ 110 million in debt to foreign investors.

Given its size, if it went bankrupt, the company could scare lenders around the world, similar to what it did in 2008.

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Boris Johnson should argue with conservative institutions Fri, 26 Nov 2021 11:18:03 +0000

YesOUR COLUMNIST joined The economist 1988, at the flood of Thatcherism. Sluggish institutions were electrified and long-suppressed energies were released. He leaves during another conservative revolution. But this time the prospect of success looks less. Boris Johnson lacks Margaret Thatcher’s self-discipline and mastery of details, as demonstrated by his bizarre speech to the Confederation of British Industry lobby group on November 22nd. The prime minister lost his seat, mimicking car noises and raving about a child TV character, Peppa Pig.

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Mr Johnson is facing stronger headwinds than his predecessor. The UK’s population is older than it was in the 1980s, which means government spending on health and welfare is crowding out investment in the future. The Conservative Party is even older. In 1983, more 18- to 24-year-olds voted for Thatcher’s Tories than for Labor under Michael Foot; Mr Johnson relies on the support of retirees who don’t want anything to disturb their quiet life. Thatcher had clear plans based on simple principles: privatization, deregulation, value for money. Mr Johnson’s self-appointed task of “building up” Britain is vague, even utopian. Voters could judge Thatcher’s progress in disentangling the bureaucracy and privatizing state-owned companies. Similar milestones are missing on the way to level up.

Here are some ideas to give Thatcherite-bite to Mr Johnson’s politics. Pick institutions that stand in the way of advancement. Subject them to swift and comprehensive reform. And confuse your enemies by choosing targets at the end of the Tory political spectrum, namely the major “public” (i.e., private) schools, the city, and the House of Lords.

British private schools are a disturbing mix of excellence and social exclusivity. Currently, only 7% of all students and 15% of those over 16 are privately taught. But that 15% win half of everything A and A* Notes at ALevel and a third of all Oxbridge seats. It is also over-represented in top-class sports (particularly cycling, rugby, and rowing), in acting, and – as John Lennon has to twist in his grave – in folk music. Public school fees are so high – a year at Eton is now nearly £ 50,000 (US $ 67,000) – that they have become playgrounds for the descendants of global plutocrats and oligarchs.

This is a shame. Public schools were established to train “poor and needy scholars,” to quote the Winchester founding document. They enjoy benevolent status because they supposedly serve the common good. In 1942, Winston Churchill argued that they should be required to give 60-70% of their study places to poor fellows. Mr Johnson, himself a fellow, was supposed to revive his hero’s idea. Not only would this end Britain’s educational apartheid, it would also give the country a welcome injection of diverse talent.

A big beneficiary of Thatcher’s reforms was the City of London, shaken from its claret slumber by global competition. But when the Tires of the Big Bang became gentlemen and ladies of the establishment, it nodded off again. The London Stock Exchange (LSE) is increasingly acting like a nursing home for old economy companies and no longer like a cradle for new economy companies. Less than 2% of the FTSE The value of 100 goes to technology companies, compared to 40% of the S.&P. 500s. Overly complicated regulations mean UK companies have to support an army of aging, contactless non-executive directors. The city’s refusal to accept two-tier stock structures means fewer options for founders looking to enter public markets without bowing to the dictatorship of quarterly earnings. Admission of dual-class companies to join LSEThe premium segment could reconnect the stock market to the new economy and help the city do for today’s high-tech corporations what it did for the railroads in the Victorian era.

It’s not uncommon to meet foreigners who say they admire UK private schools or financial services (the city is still a world leader in many areas besides stocks). But who says that about the House of Lords? For most of its history it embodied the principle of inheritance: aristocrats exercised a right of veto over legislation because an ancestor had shed blood for Wilhelm the Conqueror or slept with Charles II. That changed with the introduction of lifelong peerages in 1958 and the reduction of the “inheritance” to a core of 92 in 1999 – but only by replacing one bad principle with another, political patronage.

Now the party leaders nominate who they like to sit on the red benches: ex-ministers, cronies, relatives – and money men. Fifteen of the Tory Party’s last 16 treasurers, all of whom have donated at least £ 3 million to the party, have won seats in the House of Lords. But that’s not just “Tory Sleaze”: Labor under Tony Blair was also interested in “Cash for Honors”. And competition between the parties has swelled the Lords membership to about 800, all of whom are entitled to over £ 300 a day just because they show up.

It can be argued that the second chamber should be abolished and legislative scrutiny should be delegated to committees of the lower house, supported by external specialists. If it is to stay, it should be rebuilt from scratch. Germany gets by with only 69 members in its upper chamber and America with 100, so Great Britain could certainly cope with 200. And the principle of patronage has to go. Why not replace it with something that goes with Mr Johnson’s self-appointed regional adjustment responsibility? Assign seats in the New Lords to regional mayors and selected members of the decentralized parliaments in Belfast, Cardiff and Edinburgh and relocate them from London to Manchester, the emerging capital of the north.


An education system that gives talented children greater opportunities; a financial system in tune with the tech economy; a political system that is less corrupt and more representative of the whole country – all at no cost to the Treasury. What is Mr. Johnson waiting for? Vroom vroom.

Read more from Bagehot, our British Politics columnist:
The British establishment has split in two, each one believing they are the underdog (November 20)
How Boris Johnson’s Failure to Tackle the Filth Among MPs Could Prove Costly (Nov 10)
Boris Johnson Conservatives Plan to Create a Bigger, Busier State (Nov 6)

This article appeared in the UK section of the print version under the heading “Some Humble Suggestions”.

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UK Government publishes a review of Union Connectivity: Proposed Transport Investments for a Stronger, More Connected UK Fri, 26 Nov 2021 00:15:19 +0000
  • Prime Minister underscores commitment to stronger transport links across the region United Kingdomas the government publishes Sir Peter Hendy’s independent Union Connectivity Review
  • Prime Minister invites decentralized administrations to cooperate United Kingdom Government to develop proposals that will level opportunities and prosperity across the country
  • United Kingdom Government to the creation of United KingdomNET, a United Kingdom-wide strategic transportation network to plan and deliver major improvements that better connect all nations United Kingdom

Prime Minister Boris Johnson committed today (November 26, 2021) to forging and strengthening transport bonds that will create a more coherent and connected Britain.

As the United Kingdom Government published the final report of the Union Connectivity Review by Sir Peter Hendy United Kingdom Communities close to social and economic opportunities.

In particular, the Prime Minister has welcomed and intends to adopt the proposal to create UKNET – a strategic transport network spanning the whole of the UK.

UKNET will, for the first time, assess and map the key points across the length and breadth of the UK that are essential for stronger, more direct transport links.

This will help fuel economic growth, support job creation and improve opportunities by expanding the transportation system and making travel faster and easier for passengers, cargo and businesses alike.

the United Kingdom The government has asked the decentralized administrations to work together in defining and developing the necessary improvements in union connectivity, supported by specific projects supporting the United Kingdom Government response.

Prime Minister Boris Johnson said:

If we really want to improve the country, it is important that we have connectivity between all corners of the country United Kingdomso more people can get to more places, faster.

Sir Peter Hendy’s recap is an inspiring vision for the future of transportation that we will now carefully examine. Determined to get to work right away, we become a strategic one United Kingdom-a broad transport network that can better serve the whole country with stronger sea, rail and road connections – and not only bring us closer together, but also promote jobs, prosperity and opportunities.

Transport Secretary Grant Shapps said:

Transport is key to bringing the UK family of peoples closer together so that wealth can be more evenly distributed. It is not good enough that certain areas of United Kingdom thrive while others fall behind. We need to reach our full national potential and that means mobilizing the resources and capabilities of all parts of this country.

I am indebted to Sir Peter for his work. We will carefully examine its recommendations, work closely with the decentralized administrations and work collegially to ensure that these proposals strengthen the bonds that bind us now and in the future.

The independent Union Connectivity Review was launched in October 2020 under the direction of Sir Peter Hendy. brought to life CBEto make a detailed review of the quality and availability of transport infrastructure in the United Kingdom Can support economic growth and quality of life.

Specific recommendations for improvement for connections across the UK include improved connectivity with:

  • Scotland: Proposals include reducing rail travel times and increasing capacity on the West Coast Main Line, as well as conducting an assessment of the East Coast road and rail corridor

  • Northern Ireland: Expansion of the important A75 connection to improve freight and passenger connectivity

  • Wales: Improvements to the A55, M53 and M56, the South Wales Corridor, improvements to the North Wales Coast Main Line and rail links to the Cardiff Midlands

Recommendations published today also include that the United Kingdom Government should:

  • design and implement UKNET – a strategic transport network for the entire United Kingdom, and commit to allocating additional resources to improve the network, especially the parts that are not working well
  • Plan network improvements using multimodal corridors that should be regularly reviewed and assessed on a broader economic basis to support government goals such as leveling and net zero
  • Support the development of sustainable aviation fuel facilities in parts of the UK that rely heavily on aviation for domestic connectivity

Union Connectivity Review Independent Chairman Sir Peter Hendy said:

My recommendations are broad, achievable and clear plans for better networking across the UK, leading to more growth, jobs, housing and social cohesion.

I applaud the enthusiasm that the Prime Minister and the Government have shown for my final report and look forward to your formal response to my recommendations aimed at spreading opportunity and prosperity across the UK.

the United Kingdom The government will now examine in detail the recommendations of the Union Connectivity Review and work with the Scottish Government, Welsh Government and Northern Ireland Executive to identify the solutions that will work best for the people in the area United Kingdomand make tangible and meaningful progress as quickly as possible.

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SimplyBiz Mortgages members receive a free L&G affordability tool Thu, 25 Nov 2021 17:57:32 +0000

SimplyBiz Mortgages has teamed up with Legal & General (L&G) to offer its more than 4,000 members the mortgage affordability research tool for free.

The tool uses the clients’ financial information, including income and expenses, to reveal credit potential while removing results from vendors who would not consider the person based on their criteria.

Richard Merrett, Head of Strategic Development at SimplyBiz Mortgages, said, “We know that the real value of an intermediary’s relationship with their client lies in the time they spend getting to know them, and we love to offer to our members can be an opportunity to achieve numerous increases in efficiency during the entire consulting process and thus save administrative time.

“SimplyBiz Mortgages is passionate about helping its members access and use new technology so that they can save money and time and better understand their customers’ needs and circumstances in order to achieve the best possible results.

“We are pleased to announce that our membership can now use L & G’s market-leading tool free of charge and look forward to further innovations and membership benefits with a special focus on digitizing the mortgage process in the coming months.”

Ali Crossley, Managing Director, Distribution, Legal & General Insurance, (LGI) added, “We want to help consultants grow their business and streamline processes so they can focus on delivering great customer results. Increasingly aiding the mortgage path, technology plays an important role in helping advisors save time while delivering a more flexible, end-to-end, bespoke solution to their clients’ needs.

“Cross-industry collaboration is therefore the key to promoting the acceptance of the available digital solutions by intermediaries. This integration with SimplyBiz Mortgages will further improve our offering as we continue to provide the advisory community with a more seamless, fully digital mortgage journey. “

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Duchess of Cornwall and Countess of Wessex attend the Rifles Awards Dinner in London Wed, 24 Nov 2021 20:04:50 +0000

Shimmering in diamonds! Duchess of Cornwall and Countess of Wessex wear eye-catching jewels and glamorous robes when attending the Rifles Awards Dinner in London

  • The Duchess of Cornwall and the Countess of Wessex both performed at the Rifles Awards Dinner in London
  • Colonel-in-Chief of The Rifles, Camilla, 74, cut a smart figure tonight in a floor-length black dress
  • Equally fashionable looking, Sophie stole the limelight with a touch of color in her role as Royal Colonel


The Duchess of Cornwall and the Countess of Wessex made a glamorous appearance tonight at the Rifles Awards Dinner in London.

Colonel-in-Chief of The Rifles, Camilla, 74, cut a dapper figure in a floor-length black dress with a nifty V-neck around the luscious gem-studded necklace she received on her arrival at the City of London.

Equally fashionable looking, Sophie stole the limelight with a touch of color in her role as Royal Colonel when she opted for a bright blue maxi dress with a ruched waist and an angular neckline.

The Duchess and Countess were accompanied on the biennial occasion by the Queen’s first cousins, the Duke of Kent and the Duke and Duchess of Gloucester.

Sophie arrives for the biennial Rifles Awards Dinner in London

The Duchess of Cornwall (pictured left) and the Countess of Wessex (pictured right) were glamorous as they performed at the Rifles Awards dinner in London tonight

Colonel-in-Chief of The Rifles, Camilla (pictured), 74, cut a sleek figure in a floor-length black dress with a nifty V-neck to showcase the luscious gem-studded necklace and matching earrings arriving in the City of London Guildhall

Colonel-in-Chief of The Rifles, Camilla (pictured), 74, cut a sleek figure in a floor-length black dress with a nifty V-neck to showcase the luscious gem-studded necklace and matching earrings arriving in the City of London Guildhall

The Duchess and Countess were accompanied to the Biennale by the Queen's first cousins, the Duke of Kent and the Duke and Duchess of Gloucester (pictured).

The Duke of Kent arrives for the Rifles Awards Dinner at the City of London Guildhall

The Duchess and Countess were accompanied to the Biennale by the Queen’s first cousins, the Duke of Kent (right picture) and the Duke and Duchess of Gloucester (left picture).

Camilla beamed when she arrived at the event where she met with members, veterans, and specially invited guests for a reception – where she’ll say a few words.

She paired her sophisticated ensemble with a gem-studded clutch and wore The Rifles’ silver Bugle Horn brooch that she received last year after Prince Philip conferred the historic military title of Colonel of The Rifles Infantry Regiment on her in July.

To compliment the glitzy outfit, the Prince of Wales’s wife opted for some glamorous makeup to accentuate her look and kept her blonde locks open.

Making sure she looked just as elegant as Camilla, Sophie opted for a brightly colored set of diamond earrings and a silver brooch while pairing her bright dress with a metallic clutch.

The Queen’s daughter-in-law held her hair up to better show off her glamorous jewels and sported a bronze makeup look as well as a smoky eye.

Sophie made sure that she looked just as elegant as Camilla by opting for a colorful set of diamond earrings and a silver brooch, while pairing her bright dress with a metallic clutch

The Queen's daughter-in-law held her hair up to better show off her glamorous jewels and sported a bronze makeup look as well as a smoky eye

Sophie (pictured) made sure she looked just as elegant as Camilla by opting for a colorful set of diamond earrings and a silver brooch while pairing her bright dress with a metallic clutch

To compliment the glitzy outfit, the Prince of Wales's wife opted for some glamorous makeup to accentuate her look and kept her blonde locks open

To compliment the glitzy outfit, the Prince of Wales’s wife opted for some glamorous makeup to accentuate her look and kept her blonde locks open

Camilla beamed when she arrived at the event where she met with members, veterans, and specially invited guests for a reception where she will have a few words to say

She paired her sophisticated ensemble with a gem-studded clutch and wore The Rifles' silver Bugle Horn brooch that she received last year after Prince Philip conferred the historic military title of Colonel of The Rifles Infantry Regiment on her in July

Camilla (pictured) beamed when she arrived at the event, where she met with members, veterans, and specially invited guests for a reception where she will have a few words to say

The Duke of Edinburgh was closely associated with The Rifles and its previous regiments for nearly 70 years. In a socially distant ceremony, he transferred his role as Colonel-in-Chief of The Rifles to the Duchess of Cornwall.

Prince Philip remained in isolation at Windsor Castle while the Duchess of Cornwall was at Highgrove.

The Duke of Edinburgh was officially thanked for his 67 years of support and service to The Rifles and their formation and previous regiments.

The Duchess of Cornwall paid her first visit to The Rifles headquarters in September.

The Rifles were formed in February 2007 after the merger of four famous infantry regiments – The Devonshire and Dorset Light Infantry; The light infantry; The Royal Gloucestershire, Berkshire, and Wiltshire Light Infantry; and the royal green jackets.

Forged during the campaigns in Iraq and Afghanistan, they are now the largest infantry regiment in the British Army. Their motto is: “Fast and fat”.

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