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News Archive

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27/7/2023

Foreign Direct Investment By Ultimate Controlling Economy - UK Trends And Analysis: 2021

Inward foreign direct investment (FDI) positions and earnings presented by the economy of the ultimate controlling parent up to 2021.   Companies in the North Americas ultimately controlled £868.9 billion (or 43.4%) of the UK's total inward foreign direct investment (FDI) stock in 2021; this was £150.8 billion higher than the immediate position.  

27/7/2023

A Novel Idea To Break The UK First Past The Post Electoral System

George Monbiot writing in the Guardian explains this novel approach to breaking the mould of UK elections and achieve a much fairer representation for everyone.   By uniting behind one progressive parliamentary candidate, voters in the south Devon seat are hoping to effect change here and beyond.  

26/7/2023: Local Authority

Trading Standards Takes Court Action Against Alness Shop Selling Illegal Vapes

An Order was granted by Tain Sheriff Court which places legal requirements and restrictions on local nicotine vape seller, Mohammad Shuaab Director trading as, J&M Patterson Ltd, 33-35 High Street, Alness.   Highland Council Trading Standards executed a warrant on Shuaab in April 2022.  

26/7/2023

Survival Of The Biggest? Smaller Firms Struggle Amidst Cost-of-doing-business Crisis

Smaller firms face tougher business conditions against the backdrop of ongoing cost pressures.   The news that inflation eased slightly in June 2023 looks to be a welcome turning point in the UK's recent inflation story and signals that the Bank of England’s efforts on interest rates are starting to feed through to the economy.  

26/7/2023

HMRC - Summer Staff To Check They're Being Paid Minimum Wage

The current National Minimum Wage hourly rates from 1 April 2023 are: Age 23 or over (National Living Wage): £10.42 Age 21 to 22: £10.18 Age 18 to 20: £7.49 Age under 18: £5.28 Apprentice: £5.28 By law workers must be paid at least the minimum wage for their age for all their time spent working.  If somebody thinks they may have been underpaid, they can report this online to HMRC at: https://www.gov.uk/minimum-wage-complaint or contact the ACAS Helpline on 0300 123 1100 for confidential, free advice..  

26/7/2023

Improving Maternity And Neonatal Care

New intensive care model for the highest risk pre-term babies.   Three specialist intensive care neonatal units for babies born at highest risk will be based in Aberdeen, Edinburgh and Glasgow.  

26/7/2023

 
Update On Packaging Reforms To Help Drive Down Inflation

Following extensive engagement with industry, and in light of the pressure facing consumers and businesses in the current economic context, new rules to ensure packaging producers pay for the cost of recycling their packaging will be deferred a year from October 2024 to 2025.   Government will use the additional year to continue to discuss the scheme's design with industry and reduce the costs of implementation wherever possible.  

26/7/2023

Financial Support For Islanders

Islanders facing high fuel, food and energy costs are to receive an additional £1 million in support to help meet cost of living pressures.   The new funding will be delivered through the Islands Cost Crisis Emergency Fund to help mitigate against some of the unique cost of living challenges faced by people living on Scotland's islands.  

25/7/2023

 
Netflix Is Gaining Subscribers Again - But Here's How It Can Succeed Once People Stop Signing Up

Netflix's recent move to crack down on password sharing has boosted subscriber numbers by nearly 6 million in the last three months, for a total of 238 million subscribers globally.  Netflix announced plans to limit sharing earlier this year after experiencing its first subscriber loss in a decade in 2022.  

25/7/2023

 
UK Government Wants To Make Pension Pots Bigger With Riskier Investments - But It Faces Big Challenges

The pension market in the UK has expanded to become the largest in Europe, worth over £2.5 trillion in 2021.  Successive British governments have encouraged this growth, especially through the auto-enrolment scheme which made workplace pension contributions compulsory.  

25/7/2023

Will X Hit The Spot? Parcelhero Says Twitter's Rebrand Clears The Way For A New Global Shopping App

Elon Musk has axed Twitter's famous blue bird logo, replacing it with an ‘X’.  ParcelHero says it’s the latest move in Musk’s plan to transform Twitter-X into a super-app offering global shopping, shipping and payment services.  

25/7/2023

Only Days Left To Renew Your Tax Credits HMRC Has Warned

Almost 172,000 tax credits customers have until 31 July to renew their annual claim and HM Revenue and Customs (HMRC) is urging them to not miss out.   Customers who received a renewal pack with a red line across the first page and the words ‘reply now' must respond to HMRC or risk having their payments stopped.  

25/7/2023

 
Sorting Elections - The Use Of Random Selection In Poll Worker Recruitment

Former Wick High pupil Alan Renwick Chaired A Discussion on the topic (See video link).   With a general election due before the end of next year and numerous other elections set for the next 12 months, concerns have been raised about the ability to recruit enough temporary poll workers to staff polling stations, check voter ID and count the votes cast.  

25/7/2023

 
Inflation May Be Coming Down But Its Unequal Effects Can Still Have A Big Impact On Wellbeing

Inflation is coming down across developed economies, although not as much as governments and central banks would like.  The latest figures tracking UK inflation show prices rose by 7.3% in the year to June 2023, down from 7.9% in May, but still well above the government's official target of 2%.  

25/7/2023

 
Rent Control On Its Own Won't Solve The Housing Crisis

Rent control is frequently proposed as a solution to the housing crisis.  Advocates might not always be precise about what they mean by the term, but the idea of regulating, capping or stabilising rents tends to attract popular support.  

25/7/2023

Funding To Support Scottish Rural Parliament

Rural and island communities will have a chance to have their voices heard in local and national decision-making as a result of Scottish Government funding.   Around £80,000 will help to deliver the next Scottish Rural and Islands Parliament - a grassroots democratic assembly ­- which will take place in the autumn.  

25/7/2023

Three Covid-era Lessons To Help Support Employee Wellbeing In Times Of Crisis

The workplace challenges encountered during COVID lockdowns seem like a distant memory.  People have since moved on to focus on more immediate crises such as the rising cost of living and the war in Ukraine.  

25/7/2023

 
Why Is The US Economy Doing So Much Better Than The UK Economy?

Since 2008, the US economy has grown at double the rate of the UK economy.  Since Covid, the UK is stagnating whilst the US has grown strongly.  

25/7/2023: Auctioneers

Dingwall & Highland Marts Ltd -Sales 25 July 2023

DINGWALL, Dingwall & Highland Marts Ltd., (July 25th) sold 12 Prime Cattle.   Prime Bullocks (2) averaged 258.6p per kg (+4.2p) and sold to 261.0p per kg and £1,918.35 gross.  

24/7/2023

 
Wick Gala 2023 PHOTOS

Over 300 photos from Wick Gala 2023 on Saturday night.   See the link above to all the photos..  

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