Christopher Woolard, interim chief executive of the Financial Conduct Authority, says he cannot worry about who gets the job full-timeAs job auditions go, it couldn’t have been any tougher. Chris Woolard took the top job at the Financial Conduct Authority as interim chief executive in mid-March, just as the coronavirus crisis was beginning to engulf Britain. Since then, businesses and households have been plunged into financial turmoil by the outbreak, forcing the regulator — under its caretaker boss, who is in the running to take the top job on a permanent basis — to take unprecedented steps to shore up companies and families. These steps have ranged from payment holidays on mortgages and credit cards, aimed at relieving the pressure on people’s finances, to giving listed businesses more time to publish their annual accounts. It is a daunting task by any measure, but Mr
The broadcaster Mariella Frostrup and BBC Radio 5 Live’s Phil Williams are joining Times Radio to present daily shows as the station gears up to launch later this month. The Times columnists Giles Coren and Hugo Rifkind will also anchor their own programmes, while Rachel Sylvester and Alice Thomson are to host an interview series. The new digital speech station has today revealed its full slate of presenters ahead of its official launch at 6am on Monday June 29. Frostrup, a familiar voice from BBC Radio 4’s Open Book, will helm the early afternoon slot on Monday to Thursday with a show focusing on arts, culture and social issues, plus celebrity interviews. “This is such an exciting time to be delivering a live radio
Chris Whitty, the chief medical officer for England, insisted that the virus alert level should not be loweredBoris Johnson’s hopes of downgrading the virus alert level last week were resisted by the chief medical officer for England. The prime minister had wanted to announce that the five-stage alert level was being reduced from 4 to 3 to coincide with yesterday’s partial relaxation of the lockdown. His road map published on May 11 said that the relaxation of social-distancing measures “must be warranted by the alert level”. In the event Mr Johnson was able only to repeat that the level was “moving towards 3” after Chris Whitty insisted it remain at the second-highest level. The decision to relax the lockdown without a full reduction in the alert level has prompted questions over the system’s credibility.
Children will not have to stay 2m apart as long as they are in classes of fewer than 15 pupilsAbout half of parents remain unconvinced that it is safe to send their children back to primary school, initial attendance figures suggest. Thousands of primaries reopened for the first time in ten weeks yesterday to pupils in reception, year 1 and year 6. However, early estimates from the Association of School and College Leaders, the head teachers’ union, suggested as few as 40 per cent took their places. Heads said that more needed to be done to build confidence among parents as it “remains low”. Schools reopen across EnglandGovernment guidance states that teachers need not wear masks or other personal protective equipment, and children do not have to stay 2m apart as long as they are in classes of fewer than 15 pupils.
Like the conscientious welfare economist he was, whenever Wilfred Beckerman gave money to beggars, he would tell his children: “I’m doing my bit for the redistribution of income.” It was a subject close to his heart. With his flowing silvery locks and hooded, twinkly eyes, he was always optimistic that the big problems were solvable. “Mankind may be messing up the planet,” he said, “but mankind also has the wit to devise rational policies to save it.”In the 1950s the widespread answer to many economic problems lay in one word: growth. Beckerman was drawn to the Labour politician Anthony Crosland’s influential 1956 book The Future of Socialism, which argued that a bigger economic cake made it easier to redistribute wealth to the poor.
De La Rue said its authentication business had signed a five-year deal to supply polycarbonate data pages for the new Australian passportHopes of a turnaround of De La Rue, one of the oldest listed companies on the London stock market, were buoyed yesterday, more than doubling its share price. The 199-year-old company said that it had secured a “series of significant” contracts in its currency and authentication businesses, reiterated its financial guidance for the year to March 28 and said that it had suffered only a limited impact on its operations from the coronavirus pandemic. A factory in Sri Lanka that had been shut down for eight weeks had returned to full production, it said, and the timescales of a “small number” of government contracts had been extended, but this had been “more than offset” by the new contracts. The update sent shares in De La
China is targeting the high seas after depleting its own stocks, according to a reportChina’s exploitation of the world’s fish stocks is far greater than previously thought, with research showing the country has more than 12,000 vessels fishing beyond its waters, three times more than previous estimates. The Chinese fleet is the biggest contributor to the “global fisheries crisis”, which has resulted in two thirds of the world’s commercial stocks being overfished or fished to the limit, according to a report by the Overseas Development Institute, a think tank. China consumes more than a third of fish caught globally and is targeting the high seas or waters belonging to other countries after depleting its own stocks, the report says. At least 183 of the Chinese “distant water” vessels — those that fish outside national waters — have been
Reducing physical distancing advice from 2 metres to 1 metre could double the risk of coronavirus infection, according to the most comprehensive study to date. Business leaders have warned that if the 2 metre distance is not reduced it could make their companies unsustainable, despite the relaxation of lockdown. Germany: Physical distance requirement of 1.5 metres; face masks compulsory on public transport and shops (although some variation by state). Australia: Physical distance requirement of 1.5 metres; face masks not required. Vietnam: Physical distance requirement of 1 metre; face masks compulsory in public.
June 01, 2020 22:31 UTC
Australia's greenhouse gas emissions fall slightly as new clean energy comes online Read more“I hardly started talking about the coal industry yesterday ... I think the best way of doing that is making sure we do not deny ourselves the cheapest form of power and energy,” Canavan said. “These are very hard questions ... And it’s the same thing with climate change science. QandA (@QandA) Has the Government taken expert advice on COVID-19 more seriously than the expert advice provided on climate change? No.”Steggall replied: “Absolutely.”Zoe Whitton, Citi ESG analyst and Investor Group on Climate Change, also criticised increased gas extraction, saying “investors are very uncertain and hesitant about it”.
June 01, 2020 20:47 UTC
During the coronavirus travel quarantine period, people will be allowed to leave their given address to buy food – including for pets – or medicine or to fulfil a legal obligation, it is understood. However, according to draft rules, the police in England will not have power of entry. Henry Smith, the Conservative MP for Crawley, who is heading a cross-party group of several dozen MPs opposing the plans, said the draft rules meant the quarantine proposals made even less sense. “It really feels like it will bring limited public health benefit for a lot of economic pain,” he said. “There are no public health benefits of a blanket quarantine at this stage,” he said.
June 01, 2020 20:25 UTC
Everton among clubs who might have to install portakabins for new Premier League measuresPremier League clubs including Everton face having to install portakabins to comply with new safety protocols that could be introduced by the league in time for the restart of its season. The 20 clubs will be presented with the new measures at the next official league meeting this Thursday. Everton among clubs who might have to install portakabins for new Premier League measuresBut there are concerns that not all of the league's stadiums are suited to meeting the government's social distancing demands. READ MORE Man Utd chief Ed Woodward among Premier League executives facing ban "Throughout all of this we've put the safety of athletes, coaches and support staff first and foremost. Everton among clubs who might have to install portakabins for new Premier League measuresTrending
June 01, 2020 19:41 UTC
The initial phase of the government’s controversial reopening plans got off to a patchy start with many primary schools remaining closed to further pupils. In some regions, as few as one in four state primary schools were reported to be open to more pupils on Monday than before, and just one in 10 in some local authorities. “It’s not going to happen,” said Richard Sheriff, chief executive of the Red Kite Alliance, which runs nine primary schools and four secondary schools across Leeds and North Yorkshire. Previously, the government made plain in its coronavirus recovery plan that it wanted “all primary school children [in England] to return to school before the summer for a month if feasible”. But in a sign that they are backing away from the proposal, the prime minister’s spokesman said it remained “under review” and added that the government accepted that some primary schools would not be able to reopen on Monday.
June 01, 2020 18:52 UTC
Video footage, in the cases of Garner and Scott, revealed to the world the casual, unconscionable brutality with which their lives were taken from them. Attempts to dismiss those participating as merely lawless rioters, or out-of-state “anarchists”, in the words of President Trump, wilfully misrepresent what has been a mass expression of revulsion and fury. Long before Mr Floyd’s death, Covid-19, which disproportionately affects the less well-off, had brutally exposed the racial fault line still running through the social landscape of the US. The pandemic, chaotically mishandled by Mr Trump, has killed African Americans at almost three times the rate of white Americans. But they will need to access the levers of power themselves; for America they cannot come of age soon enough.
June 01, 2020 18:04 UTC
Anything John Crace can do to raise the game of ceramics in the cultural hierarchy of the nation (Digested week, 29 May) will be applauded here in Stoke-on-Trent. Burslem, known as the mother town of the Potteries, is home to many, including Middleport, so beloved by Prince Charles and the location for The Great Pottery Throw Down on TV. Ceramicist Philip Hardaker’s Speaker’s Corner artwork for democracy is installed in Burslem’s old town hall. More of his work is on display at Port Vale football club (still reliving the 1988 FA Cup tie with the mighty Spurs). Stephen LaceyLondon• Join the debate – email email@example.com• Read more Guardian letters – click here to visit gu.com/letters
June 01, 2020 17:25 UTC
Since then, I’ve been having oral treatment organised through the excellent Nottingham University city hospital’s oncology department. They both said the same thing – I was now being defined as in need of shielding – and were accompanied by a full list of instructions and a link to the NHS website. But from Monday 1 June I’m no longer shielded (Experts decry easing of coronavirus lockdown for England’s shielders, 31 May). I am desperate to be shielded from the both of them and their government. Phil CoskerWaddington, Lincolnshire• Join the debate – email firstname.lastname@example.org• Read more Guardian letters – click here to visit gu.com/letters
June 01, 2020 17:25 UTC