Social impact investing gives people the opportunity to put their money to work for social good, as well as financial return.The taskforce will work on generating a faster rate of innovation in the financial services industry to provide products that give savers and investors the opportunity to make a social impact.Elizabeth Corley, Vice-Chair of Allianz Global Investors said: The taskforce will progress the recommendations in the ‘Growing a Culture of Social Impact Investing in the UK’ report, published by an advisory group chaired by Elizabeth Corley.The Prime Minister has asked the taskforce to provide a progress report to Matt Hancock, Secretary of State for Culture and John Glen, Economic Secretary to the Treasury by the summer. The government is also expected to announce its policy response in the summer.The Prime Minister said: Government has a vital role to play in accelerating the development of UK social impact investing, so it is very encouraging to hear the Prime Minister voice her support for creating a culture of social impact investing in the UK and the work of the taskforce going forward. With research showing that more than half of people in the UK are interested in purchasing social impact investment products but that only 9% have done so, this is a market with enormous potential, waiting to be unlocked by the type of focus and commitment announced today. The UK is a pioneer in impact investing. Our financial institutions have long-recognised the importance of using their investments to generate a positive social impact as well as a financial return. The challenge now is for industry to unlock the capital to boost impact investment even further, finding solutions to some of the burning injustices we face as a society, and helping make sure the country works for everyone. Today’s announcement follows a meeting the PM held last week with senior executives from some of the UK’s largest financial firms and impact investing pioneers, where she threw her weight behind social impact investment.And the PM has asked Sajid Javid, Secretary of State for Housing to consider what measures government could take to unlock and boost social impact investment, particularly in tackling issues like left-behind parts of the country, homelessness and housing for vulnerable people.
A Downing Street spokesperson said: The Prime Minister spoke to Austrian Chancellor Sebastian Kurz this evening. The Prime Minister updated the Chancellor on the progress of Brexit negotiations saying that 95% of the Withdrawal Agreement was now complete, and that she was confident that a solution could be found on the Northern Ireland backstop. The Prime Minister added that the UK wanted to see quick progress and that both the UK and the EU were working hard to achieve an agreement. Chancellor Kurz said that the Austrian Presidency stood ready to help facilitate an agreement as soon as possible.
Every aspect of the response of the United Kingdom was agreed with the Government of Gibraltar. We have worked seamlessly together in this as we have in all other aspects of this two year period of negotiation. Most importantly, the legal text of the draft Withdrawal Agreement has not been changed. That is what the Spanish Government repeatedly sought. But they have not achieved that. The United Kingdom has not let us down. With permission, Mr Speaker, I would like to make a Statement on the conclusion of our negotiations to leave the European Union.At yesterday’s Special European Council in Brussels, I reached a deal with the leaders of the other 27 EU Member States on a Withdrawal Agreement that will ensure our smooth and orderly departure on 29th March next year; and, tied to this Agreement, a Political Declaration on an ambitious future partnership that is in our national interest.Mr Speaker, this is the right deal for Britain because it delivers on the democratic decision of the British people.It takes back control of our borders. It ends the free movement of people in full once and for all, allowing the government to introduce a new skills-based immigration system.It takes back control of our laws. It ends the jurisdiction of the European Court of Justice in the UK and means instead our laws being made in our Parliaments, enforced by our courts.And it takes back control of our money. It ends the vast annual payments we send to Brussels. So instead we can spend taxpayers’ money on our own priorities, including the £394 million a week of extra investment into our long-term plan for the NHS.By creating a new Free Trade Area with no tariffs, fees, charges, quantitative restrictions or rules of origin checks, this deal protects jobs, including those that rely on integrated supply chains.It protects our security with a close relationship on defence and on tackling crime and terrorism, which will help to keep all our people safe.And it protects the integrity of our United Kingdom, meeting our commitments in Northern Ireland and delivering for the whole UK family, including our Overseas Territories and the Crown Dependencies.Mr Speaker, on Gibraltar, we have worked constructively with the governments of Spain and Gibraltar – and I want to pay tribute in particular to Gibraltar’s Chief Minister Fabian Picardo for his statesmanship in these negotiations.We have ensured that Gibraltar is covered by the whole Withdrawal Agreement and by the Implementation Period.And for the future partnership, the UK government will be negotiating for the whole UK family, including Gibraltar.As Fabian Picardo said this weekend: Mr Speaker, our message to the people of Gibraltar is clear: we will always stand by you. We are proud that Gibraltar is British and our position on sovereignty has not and will not change.Mr Speaker, the Withdrawal Agreement will ensure that we leave the European Union on 29th March next year in a smooth and orderly way.It protects the rights of EU citizens living in the UK and UK citizens living in the EU, so they can carry on living their lives as before.It delivers a time-limited Implementation Period to give business time to prepare for the new arrangements. During the Implementation Period trade will continue on current terms so businesses only have to face one set of changes.It ensures a fair settlement of our financial obligations – less than half of what some originally expected and demanded.And it meets our commitment to ensure there is no hard border between Northern Ireland and Ireland – and also no customs border in the Irish Sea – in the event that the future relationship is not ready by the end of the implementation period.Mr Speaker, I know some Members remain concerned that we could find ourselves stuck in this backstop.So let me address this directly.First, this is an insurance policy that no-one wants to use.Both the UK and the EU are fully committed to having our future relationship in place by 1st January 2021.And the Withdrawal Agreement has a legal duty on both sides to use best endeavours to avoid the backstop ever coming into force.If, despite this, the future relationship is not ready by the end of 2020, we would not be forced to use the backstop. We would have a clear choice between the backstop or a short extension to the Implementation Period.If we did choose the backstop, the legal text is clear that it should be temporary and that the Article 50 legal base cannot provide for a permanent relationship.And there is now more flexibility that it can be superseded either by the future relationship, or by alternative arrangements which include the potential for facilitative arrangements and technologies to avoid a hard border on the island of Ireland.There is also a termination clause, which allows the backstop to be turned off when we have fulfilled our commitments on the Northern Ireland border. And there is a unilateral right to trigger a review through the Joint Committee and the ability to seek independent arbitration if the EU does not use good faith in this process.Furthermore, as a result of the changes we have negotiated, the legal text is now also clear that once the backstop has been superseded, it shall “cease to apply”.So if a future Parliament decided to then move from an initially deep trade relationship to a looser one, the backstop could not return.Mr Speaker, I do not pretend that either we or the EU are entirely happy with these arrangements. And that’s how it must be – were either party entirely happy, that party would have no incentive to move on to the future relationship.But there is no alternative deal that honours our commitments to Northern Ireland which does not involve this insurance policy. And the EU would not have agreed any future partnership without it.Put simply, there is no deal that comes without a backstop, and without a backstop there is no deal.Mr Speaker, the Withdrawal Agreement is accompanied by a Political Declaration, which sets out the scope and terms of an ambitious future relationship between the UK and the EU.It is a detailed set of instructions to negotiators that will be used to deliver a legal agreement on our future relationship after we have left.The linkage clause between the Withdrawal Agreement and this declaration requires both sides to use best endeavours to get this legal text agreed and implemented by the end of 2020.And both sides are committed to making preparations for an immediate start to the formal negotiations after our withdrawal.The declaration contains specific detail on our future economic relationship.This includes a new Free Trade Area with no tariffs, fees, quantitative restrictions or rules of origin checks – an unprecedented economic relationship that no other major economy has.It includes liberalisation in trade in services well beyond WTO commitments and building on recent EU Free Trade Agreements.It includes new arrangements for our financial services sector – ensuring market access cannot be withdrawn on a whim and providing stability and certainty for our world-leading industry.And it ensures we will leave EU programmes that do not work in our interests: so we will be out of the Common Agricultural Policy that has failed our farmers and out of the Common Fisheries Policy that has failed our coastal communities.Instead as the Political Declaration sets out, we will be “an independent coastal state” once again. We will take back full sovereign control over our waters. So we will be able to decide for ourselves who we allow to fish in our waters.The EU have maintained throughout this process that they wanted to link overall access to markets to access to fisheries. They failed in the Withdrawal Agreement, and they failed again in the Political Declaration.It is no surprise some are already trying to lay down markers again for the future relationship, but they should be getting used to the answer by now: it is not going to happen.Finally, the declaration is clear that whatever is agreed in the future partnership must recognise the development of an independent UK trade policy beyond this economic partnership.So for the first time in forty years, the UK will be able to strike new trade deals and open up new markets for our goods and services in the fastest growing economies around the world.Mr Speaker, as I set out for the House last week, the future relationship also includes a comprehensive new security partnership with close reciprocal law enforcement and judicial co-operation to keep all our people safe.At the outset we were told that being outside of free movement and outside of the Schengen area, we would be treated like any other non-EU state on security.But this deal delivers the broadest security partnership in the EU’s history, including arrangements for effective data exchange on Passenger Name Records, DNA, fingerprints, and vehicle registration data, as well as extradition arrangements like those in the European Arrest Warrant.And it opens the way to sharing the types of information included in the ECRIS and SIS II databases on wanted or missing persons and criminal records.Mr Speaker, this has been a long and complex negotiation.It has required give and take on both sides. That is the nature of a negotiation.But this deal honours the result of the referendum while providing a close economic and security relationship with our nearest neighbours and in so doing offers a brighter future for the British people outside of the EU.And I can say to the House with absolute certainty that there is not a better deal available. My fellow leaders were very clear on that themselves yesterday.Mr Speaker, our duty – as a Parliament over these coming weeks – is to examine this deal in detail, to debate it respectfully, to listen to our constituents and decide what is in our national interest.There is a choice which this House will have to make.We can back this deal, deliver on the vote of the referendum and move on to building a brighter future of opportunity and prosperity for all our people.Or this House can choose to reject this deal and go back to square one. Because no-one knows what would happen if this deal doesn’t pass. It would open the door to more division and more uncertainty, with all the risks that will entail.Mr Speaker, I believe our national interest is clear.The British people want us to get on with a deal that honours the referendum and allows us to come together again as a country, whichever way we voted.This is that deal. A deal that delivers for the British people.And I commend this Statement to the House.
The Government Actuary’s Department (GAD) is marking its centenary in 2019. The department was formed under the Treasury in 1919 following a report (‘the Haldane Report’) from the Ministry of Reconstruction.New departmentThe Haldane Report, published by the old Machinery of Government Committee, recommended a major reorganisation of government. As part of this, Haldane recognised the need for a single department of government actuaries. It drew on the fact that during the war, the government had received actuarial advice on war pensions and shipping.In recommending the creation of a Government Actuary’s Department, the Haldane Report stated: “Work of this character may best be performed at a common centre (which) concentrates in itself an amount of knowledge, beyond the grasp of actuaries exclusively employed in a single Department.”Marking GAD100Throughout 2019, GAD’s actuaries, analysts and support staff will be celebrating ‘GAD100’. We will mark our successes, highlight our role in government and reinforce our contributions to the wider actuarial profession.Reflecting on the GAD100 programme, the Government Actuary Martin Clarke said: “This is a fantastic milestone for us as a department and I feel privileged to be the ninth Government Actuary since GAD’s creation.“We’ll be looking at how our skills and services have developed over the past 100 years. When GAD was created the focus was primarily on analysis related to the state pension. Now, our services support government decision-making in much wider areas including actuarial advice on insurance and health related matters, as well as financial and demographic modelling.“GAD100 is the ideal opportunity to celebrate the central role we play in using our skill to help our clients deliver their policies.”
Thank you Prime Minister Razzaz, it has been a pleasure to welcome you and King Abdullah to London today.And it has been fantastic to see the strength of support from right across the international community as we have come together with the private sector to demonstrate our commitment to Jordan and its future.In 2017, I was delighted to visit Jordan not once, but twice. And it was there in Amman that I and the King agreed a new ambitious partnership for the long-term benefit of both our countries. Today we have built on that partnership through our new initiative, the London Initiative.This Initiative backs Jordan’s Vision 2025 and supports Jordan in delivering social and economic reforms that will transform its economy, making the most of its young, talented and diverse workforce – and, crucially, actively encouraging the participation of its women.That vision is already becoming a reality – today has demonstrated how much has been achieved, and how Jordan’s reform programme is already making a difference. And earlier today, I heard from the King directly his own personal commitment to supporting Jordan’s government to drive forward these reforms.There of course remain complex and long-term regional and economic challenges.But Jordan has a robust and realistic strategy to bring about change. Coming together today provides us with the opportunity to shore up and transform Jordan’s economy, work together to tackle instability, and create an attractive environment for investment that can benefit not just Jordan but all of us now and in the future.That is why it has been so good to see governments, CEOs and investors backing this new approach to support Jordan – matching confidence with commitments that will help unlock growth, jobs and investment.And unlocking that potential, to enable Jordan to prosper and remain a beacon of stability, matters to all of us.Jordan sits at the centre of a region that has faced turbulence and uncertainty over the last decade. The political upheaval in 2010 and 2011, the emergence of Daesh, and the on-going conflict in Syria have changed the face of the Middle East.The people of Jordan have demonstrated resilience in the face of these challenges. They have carried a heavy burden, but despite having their traditional trade relationships severed, their energy costs increasing and supply disrupted, they have given shelter and support to more than 650,000 refugees from regional conflict.They have shouldered that load unsparingly and they deserve our gratitude.All the while, Jordan has been steadfast in the fight against terrorism.Steadfast as an ally in the Global Coalition against Daesh.Steadfast in pursuing peace and promoting stability in the Middle East. For decades, on these, and other issues, Jordan and the UK have stood side by side.As I told leaders at the first EU-League of Arab States Summit earlier this week – a stable, peaceful, prosperous region matters to the UK, Europe and beyond.The fortunes of all of our countries have long been intertwined.So we must be clear – a stable Jordan defends us from terrorist groups taking root and strengthens the border security of neighbouring countries. And that is why our collective support for Jordan is so crucial.Jordan is an old and cherished friend of the UK. At the heart of our long-term partnership with Jordan is a broad and deep commitment to tackling common challenges.Our continued close co-operation on defence, border security and intelligence adds to our collective security.We will work with Jordan and other regional partners to support peace and prosperity in the Middle East, and to find long-lasting solutions, backed by the international community, to sources of instability.And that is why so many of you are here today, to demonstrate our collective support and show Jordan that the international community remains in lockstep with it as it delivers its compelling plan for growth and economic reform.Today has demonstrated that the UK is at the centre of coordinating the assistance that will help lay the foundations for a strong and prosperous future for Jordan. Key to this is the role played by the IMF and the World Bank – pillars of the international system which defends and supports financial stability and sustainable economic growth – which matters to us all in today’s interconnected world.The extent of collective international support for Jordan has been clear from the commitments we have seen and heard today from governments. But we have to remember that the private sector will be the key to catalysing Jordan’s economic transformation, and that’s why I am so pleased to have so many representatives from the business community here today. As governments we can create the frameworks and environments which foster economic growth, but private investment is what will make the real difference.To demonstrate the extent of the UK’s own confidence in Jordan, and our determination to make the vision that Jordan’s Prime Minister and King have spoken about today a reality, I am pleased that the UK will be underwriting a $250 million World Bank loan to Jordan. This will come alongside a substantial uplift in our grant financing over the next five years. This will open the door to reinvigorating Jordan’s economy, attracting the investment needed to stimulate growth and create jobs.The UK’s assistance for Jordan is a practical demonstration of the approach I set out in Cape Town. This is about working in partnership, sharing our skills, experience and resources to jointly tackle the challenges we face in a way that delivers global security and prosperity.Our commitments are a tangible demonstration of the fundamental strategic shift in the way that the UK is using its aid programme – investing in the UK’s national interests, in a way that helps shape a global economy that works for everyone.And that is why this government remains committed to spending 0.7% of GNI on Official Development Assistance. We have been and will continue to be a global champion in this area, spending our aid programme innovatively and in a way that delivers value for money for the UK tax payer.Today has shown us what a modern, reforming, innovative Middle Eastern state can look like – and how a dynamic, stable Jordan can generate benefits not only for its people but for many beyond.But it is important now that we maintain momentum. I want to thank all those who have made commitments today – and everyone here for coming together to demonstrate your support for a brighter more prosperous Jordan of tomorrow.This has been an important milestone. We have an opportunity – and a way forward – to support Jordan and it is crucial that we all pull together as we form a global coalition to back Jordan for the future.A future in which together Jordan and the international community can bring about lasting change.
Holocaust Educational Trust Chief Executive, Karen Pollock MBE, commented: We can draw real inspiration from the women awarded British Heroes of the Holocaust medals today. They refused to turn away and leave it to others to do the right thing. Instead they took on personal responsibility and their courage and human compassion saved many lives. I hope these medals will ensure their legacy is never forgotten and will inspire us all to confront injustice, bigotry and hatred. Media enquiries Twitter – https://twitter.com/mhclgFlickr – http://www.flickr.com/photos/mhclgLinkedIn – http://www.linkedin.com/company/mhclg 2 Marsham StreetLondonSW1P 4DF By putting our National Holocaust Memorial and Education Centre next to our Parliament, we make a solemn and eternal promise that Britain will never forget what happened in the Holocaust. Seeing this through is a sacred, national mission. In the face of despicable Holocaust denial, this Memorial will stand to preserve the truth forever. And this education centre will ensure that every generation understands the responsibility that we all share – to fight against hatred and prejudice in all its forms, wherever it is found. Further informationVictoria Tower Gardens was chosen as the home for the new Memorial and Learning Centre because, in the shadow of Parliament, it will encourage visitors to learn about the challenging decisions our leaders had to make in the lead up to, during and in the aftermath of the Holocaust.The additional £25 million will help to provide further funding for the revised entrance pavilion, the Memorial courtyard and surrounding landscaping and to take account of additional VAT incurred on the overall project costs.Revised designs for the UK Holocaust Memorial and Learning Centre were unveiled, on 1 May 2019. This follows comprehensive consultation and discussion with local residents, Holocaust experts, survivors and other victim groups, Westminster City Council, Historic England, Royal Parks and statutory consultees.The proposed design changes to the Entrance Pavilion and Memorial Courtyard are considered to enhance the scheme and improve views towards Victoria Tower and the Palace of Westminster, in particular from the southern end of Victoria Tower Gardens where a new view from the playground has been provided.The proposals involve significant works of landscaping which would act to enhance the wider offer of Victoria Tower Gardens. The proposals will result in almost completely new gardens being provided back to the community with the following significant improvements to Victoria Tower Gardens provided by the proposed development that will deliver better quality open space and enhance the land as public open space.See the latest images of the new designsAfter an international competition, with 92 entries in total and 10 finalists, Adjaye Associates, Ron Arad Architects and Gustafson Porter + Bowman were selected unanimously as the winning team, by a jury including the then Secretary of State for Communities and Local Government, the Mayor of London, the Chief Rabbi, experts from architecture, art and design, and both first and second-generation Holocaust survivors. The announcement was made on 24 October 2017.At Budget 2018, the Chancellor announced £1.7 million funding for educational projects in schools to mark the upcoming 75th anniversary of the liberation of the Bergen-Belsen concentration camps in 2020, as part of our continuing commitment to remember the victims who perished and pay tribute to the survivors of the Holocaust.The 2 recipients of the British Heroes of the Holocaust award are:Joan Stiebel MBE (23 April 1911 – 25 January 2007): Joan Stiebel was responsible for making travel arrangements to bring 1,000 underage Jewish Nazi concentration camp orphans to the United Kingdom. The children came to be known in the press as the ‘Boys’, and her involvement with them continued throughout her lifetime.Lady Rose L. Henriques CBE, née Loewe, (1889-1972): Henriques was the daughter of James Loewe, a community worker and scholar in the Stoke Newington area of London. The couple worked on a number of joint enterprises together. From 1914 until 1948, they were the joint wardens of the St George’s Jewish Settlement in Stepney, later known as the Bernhard Baron St George’s Jewish Settlement. When the war ended, Henriques went to Germany where she worked alongside a number of Jewish welfare groups at the former Bergen-Belsen concentration camp and then at the nearby displaced persons camp. As the Holocaust moves further into history, this Memorial and Learning Centre positioned right next to Parliament will send a clear signal for generations to come of the important place that the Holocaust has in our nation’s history and will stand as a warning of what happens when we let hate and prejudice go unchecked. To hear from 4 former Prime Ministers and Prime Minister Theresa May together, demonstrates their strong commitment to remembering and will mean so much to Holocaust survivors and their families. Today, as we honour those who took extraordinary steps to save Jewish lives, going above and beyond what others did, we pledge to redouble our efforts to ensure a long-lasting legacy. Email [email protected] General enquiries: please use this number if you are a member of the public 030 3444 0000 The United Kingdom Holocaust Memorial is dedicated to the 6 million Jewish men, women and children murdered in the Holocaust and all other victims of the Nazis and their collaborators.The Learning Centre will focus on the Holocaust and subsequent genocides and will educate future generations on the importance of fighting prejudice and persecution in all its forms.The proposals have been developed with great sensitivity to the existing context and character of Victoria Tower Gardens. The vast majority of the public space will be retained and views over Parliament and the River Thames will be improved with a range of accessible seating and a new boardwalk along the embankment.In 2015 the government committed £50 million to the project to kick-start a society-wide fundraising effort.A time capsule will also be buried at the proposed site to remind future generations that survivors fought long and hard for this memorial.British Heroes of the Holocaust awardSupportive video messages from Mrs May and her 4 predecessors were also played at a special ceremony held to honour 2 British Heroes of the Holocaust at the Wiener Library.PM Holocaust messageThe British Heroes of the Holocaust award is a national award given by the UK Government in recognition of British citizens who assisted in rescuing victims of the Holocaust. It was first awarded on 9 March 2010 following a campaign by the Holocaust Educational Trust.Speaking at the ceremony in the Wiener Library, London, the world’s oldest Holocaust archive, the Communities Secretary praised the courage and humanity of the late Joan Stiebel MBE and the late Lady Rose L. Henriques CBE for their service to Britain. They are 40th and 41st recipients of the British Heroes of the Holocaust award.Mr Brokenshire said: Contact form https://forms.communit… Office address and general enquiries A further £25 million has also been committed to the new National Holocaust Memorial and Learning Centre, Communities Secretary the Rt Hon James Brokenshire MP confirmed today (7 May 2019).Speaking this afternoon at the Wiener Library, Communities Secretary, the Rt Hon James Brokenshire MP said the additional funding will improve the visitor experience and maximise green space on the site, creating an enduring monument to the victims and survivors of the Holocaust and a learning centre that will educate generations to come.The funding will be matched by a newly established charity headed up by member Gerald Ronson CBE and Lord Andrew Feldman to support the landmark proposal.The further £25 million committed to the new National Holocaust Memorial and Learning Centre, is contingent on the securing of £25 million of match funding and on planning permission being obtained.Communities Secretary, the Rt Hon James Brokenshire MP said: I believe there can be no more powerful symbol of our commitment to remembering the men, women and children who were murdered in the Holocaust and in subsequent genocides than by placing the Holocaust Memorial and Learning Centre, in the shadow of our Parliament at the heart of our democracy. Education on the Holocaust and subsequent genocides is one of the most powerful tools we have in the fight against prejudice, intolerance and misinformation. Located beside our Parliament, this Memorial will deliver this message, and stand as a permanent reminder that political decisions have far-reaching consequences. Please use this number if you are a journalist wishing to speak to Press Office 0303 444 1209 The Prime Minister Theresa May has led cross-party support for the new Holocaust Memorial and Learning Centre, planned for Victoria Tower Gardens beside Parliament.In an unprecedented move, the Prime Minister has been joined by the 4 living former Prime Ministers – Sir John Major, Tony Blair, Gordon Brown and David Cameron – to back the proposal to ensure we never forget one of the darkest chapters in human history.Prime Minister Theresa May said: Social media – MHCLG If your enquiry is related to COVID-19 please check our guidance page first before you contact us – https://www.gov.uk/guidance/coronavirus-covid-19-guidance-for-local-government.If you still need to contact us please use the contact form above to get in touch, because of coronavirus (COVID-19). If you send it by post it will not receive a reply within normal timescale.
their compliance with legal obligations to prepare and file the charity’s annual financial information the extent to which the trustees have complied with previously issue regulatory guidance The Charity Commission has opened a statutory inquiry into Hindu Community Society (1136595), a charity which exists to promote charitable purpose for the benefit of the Tamil community in Coventry, particularly by advancing the Hindu religion.The Commission has serious regulatory concerns regarding the management and governance of the charity. Despite being previously included in a class inquiry in 2017 for failing to file its financial accounts, the charity’s trustees have failed for the sixth consecutive year to submit the charity’s annual financial information on time. Despite repeated reminders from the Commission in relation to its accounts for the financial year end 2016, 2017 and 2018, the trustees remain in continued breach of their legal duties.Additional concerns arose around the potential loss of £500,000 of charity funds spent on a leased property, from which the trustees were subsequently evicted. The Commission also has concerns about potential private benefit arising from payments made to trustees for employment within the charity.The Commission therefore opened a new statutory inquiry on 14 June 2017 to examine serious concerns of potential misconduct and mismanagement at the charity. The Commission has been unable to announce or progress its investigation before now so as to avoid prejudicing a separate HMRC investigation into the Charity.The Commission’s inquiry will now examine: the trustees’ decision making with regards to expenditure on property leased by the charity the extent to which a properly appointed board of trustees is exercising proper and adequate oversight of the charity’s affairs, in particular; Email [email protected] whether the trustees have avoided or adequately managed potential conflicts of interest and; whether there has been any direct or indirect benefit It is the Commission’s policy, after it has concluded an inquiry, to publish a report detailing what issues the inquiry looked at, what actions were undertaken as part of the inquiry and what the outcomes were. Reports of previous inquiries by the Commission are available on GOV.UK.EndsNotes to Editors The Charity Commission is the independent regulator of charities in England and Wales; our role is to regulate charity trustees’ compliance with the charity law framework. The Commission has not made any conclusions and the opening of the inquiry is not a finding of wrongdoing. the extent to which the trustees are complying with their legal duties to administer, govern and manage the charity, in particular; Press office Press mobile – out of hours only 07785 748787
The insolvency removes Greybull from day to day control of British Steel. Given the government’s willingness to help secure British Steel’s future, demonstrated in the ETS facility, and the discussions that have taken place in recent weeks, the government will work closely with the Official Receiver and prospective new owners to achieve the best outcome for these sites. The government has provided an indemnity to the Official Receiver, who is now responsible for the operations, and we will take every possible step to ensure that these vital operations can continue, that jobs are secured, and that the sites at Scunthorpe, Skinningrove and on Teesside continue to be important centres of excellent steelworking.During the days and weeks ahead I will work with the Official Receiver, the special managers and with a British Steel support group of trade unions, management, suppliers, customers and the local communities to pursue remorselessly every possible step to secure the future of these valuable operations.Mr Speaker, this is a very worrying time for everyone associated with British Steel. Each one of British Steel’s sites has a proud record of steelmaking excellence and I am determined to see it continue. Britain and the world will continue to need high quality steel, and British Steel is amongst the best in the world.Today is a very big setback for these operations, but it is far from being the end and we will take every possible step to secure a successful future for these vital assets – both people and plant. It would be unlawful to provide a guarantee or loan on the terms of any of the proposals that the company or any other party has made, or any others we have considered. You must note that such an offer cannot be made legally, and that by making it you would be in breach of the Ministerial Code. With your permission Mr Speaker, I would like to make a statement about British Steel.It was announced this morning that the court has granted an application by the Directors of British Steel to enter an insolvency process. Control of the company will now pass to the Official Receiver – an employee of the Insolvency Service – who will run a compulsory liquidation.The Official Receiver has made clear that British Steel employees will continue to be paid and employed and the business will continue to trade and supply its customers, whilst he considers the position of the company. In fact, employees were paid early with the May payroll being run yesterday, through cash being advanced by the company’s lenders.As the House will recall, I made a statement on 1 May, setting out details of a bridging facility that the government agreed to provide to ensure that British Steel was able to meet its obligations under the EU Emissions Trading Scheme (ETS) which fell due on 30 April.The government provided the facility to purchase allowances worth £120 million against the security of 2019 ETS allowances which are currently suspended pending ratification of the Withdrawal Agreement.Without this facility British Steel would have faced a financial pressure of over £600 million – the ETS liability plus a £500 million fine. This would not only have placed British Steel into an insolvent financial position, but the charge, attached to its operational assets, would have been likely to prevent any new owner from acquiring these assets in the future.This transaction demonstrated the government’s continuing willingness to work closely with all parties to secure the long term success of this important business.Following this agreement, the government has worked intensively with the company for many weeks to seek solutions to the broader financial challenges it has been facing.The government and individual ministers can only act within the law, and this requires that any financial support to a steel company must be made on a commercial basis.In the case of the ETS facility, this was based on the security of future ETS allowances.In order to provide liquidity to the business in the face of its cash flow difficulties the government was willing to consider making a cash loan to the company and worked hard to investigate exhaustively the possibilities of this. However, the absence of adequate security; no reasonable prospect that any loan would have been repaid; and the shareholder being unwilling to provide a sufficient cash injection itself, meant that this did not meet the required legal tests.I am placing in the Library of the House the Accounting Officer’s assessment of these proposals, drawing on professional and legal advice, which concludes:
Chris Wainwright, production director at Coopland & Son (Scarborough), revealed to British Baker, in an exclusive video interview, the benefits of the company setting up its own bakery college.The firm saw a group of 15 bakery apprentices complete year one of its first in-house training programme last November.Wainwright told British Baker about the benefits of Cooplands conducting its own specially-designed Diploma for Proficiency in Baking Industry Skills.The company has selected two course tutors to conduct the Diploma, both of which have spent time working in Coopland’s factories to understand in detail the manufacturing systems and processes. This has been implemented to deliver content specific to the business’ individual requirements.Catherine Postance, a Level 3 NVQ apprentice at Cooplands, who was awarded with the first Apprentice of the Year accolade at an awards ceremony at Hull College, said undergoing the bespoke course was a benefit to her career going forward, due to having the comfort of the name of the business behind her.To read the full story, click here.
Morrisons has bought 49 sites from the administrator of DVD and game rental firm Blockbuster, to be transformed into shops under its convenience store format.The supermarket firm said the new locations would help it to expand its convenience store business, now known as Morrisons M local, competing with the likes of Sainsbury’s Local and Tesco Metro within the same market.Morrisons said the creation of the new stores, acquired from administrator Deloitte, would be open by late summer and would help to generate 1,000 jobs.The move comes shortly after Morrisons announced it had acquired seven UK high street sites from camera retailer Jessops, four of which are based in London and the other three situated within England and Scotland.The company said its existing 12 convenience stores will be rebranded under the Morrisons M local brand.