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26.07
2011
Author:
Sarah Reyes
Tags:
Planning Planning Reform
No Comments »

Builders and landlords to benefit from planning reform

Builders and UK landlords welcome the Government’s proposed changes to planning laws.

The new National Planning Policy Framework (NPPF) is a presumption in favour of sustainable economic development, bringing much joy to construction groups.

Monday’s publication of Government plans for a radical overhaul of the UK’s planning regime involved tearing up 1000 pages and putting just 52 pages in their place.

As a significant step forward for creating the right conditions for businesses to start ups, invest, grow and create jobs and giving local communities the power to protect green spaces, it seems the changes to the planning law are a welcome improvement.

According to Julian Glover at the Guardian:

“Britain is going to have to build if our growing, ageing population is going to have a roof over its head.”

For the planning system delivering sustainable development means:

• planning for prosperity – use the planning system to build a strong, responsive and competitive economy, by ensuring that sufficient land is available to allow growth and innovation.

• planning for people – use the planning system to promote strong, vibrant and healthy communities, by providing an increased supply of housing to meet the needs of present and future generations.

• planning for places – use the planning system to protect and enhance our natural, built and historic environment.

According to director-general, Dame Fiona Reynolds of the National Trust, the nation’s biggest landowner:

“Planning is for people, not for profit.”

“This finally sounds the death-knell to the principle established in the 1940s that the planning system should be used to protect what is most special in the landscape, creating a tool to promote economic growth in its stead.”

The simplification may be less work for lawyers but how do the builders, construction workers and landlords of the UK feel about this publication? Share your opinions with

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25.07
2011
Author:
Sarah Reyes
Tags:
Deadline White House
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White House plans emergency cuts as debt deadline looms

The White House is drawing up emergency plans for next week’s debt crisis deadline in the event that Congress fails to reach a last-gasp compromise.

With only six days left, the White House dismissed as “political theatre” a new bill before the Republican-controlled House that would cut spending in return for raising the $14.3tn (£8.7tn) debt ceiling.

The White House spokesman, Jay Carney, addressing the daily press conference today, said the bill was hated by the Democratic-controlled Senate and the White House and was “dead on arrival”.

The Senate will not vote for it and, even if it did, Barack Obama would veto it. Fifty-one Democratic members of the Senate, a majority, published a letter pledging to vote against the House bill.

Global markets, initially sanguine about the crisis and confident of an eventual compromise, were increasingly jittery on Thursday.

Full Article…

23.07
2011
Author:
Sarah Reyes
Tags:
Ford Ford Secondquarter
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Ford second-quarter results show sales continuing to rise

The US carmaker Ford has continued its winning streak, reporting its ninth consecutive quarterly profit as it bounces back from near disaster.

Ford earned $2.4bn (£1.5bn) in the second quarter, compared with a profit of $2.6bn during the same period last year, although it said that the results in the second half of 2011 were expected to be lower due to higher commodity prices and seasonal trends.

“Despite an uncertain business environment, we further strengthened our balance sheet and continued to invest for the future,” said Ford’s chief executive, Alan Mulally.

Ford’s revenues were $35.5bn for the quarter, 13% higher than the same period last year. US sales rose 15% to $19.5bn and European sales jumped 20% to $9bn. But increased expenses dampened profits and only North America provided an increase in operating profit, rising $10m to $1.9bn.

Pre-tax operating profits fell in Asia, Europe and South America.

Full Article…

21.07
2011
Author:
Sarah Reyes
No Comments »

PI premiums affected by size not ethnicity

Small businesses that require professional indemnity insurance (PI) are finding it tougher to renew, research suggests.

Law Society commissioned research into the professional indemnity insurance renewal. The results suggest that there is a growing divide in the market with smaller firms and black and minority ethnic (BME) firms finding renewal tougher than the wider profession.

The survey was conducted by Exodus among 399 firms and 359 BME practices.

Full Article…

20.07
2011
Author:
Sarah Reyes
Tags:
Cash Cash Flow
No Comments »

Why you need a cash flow forecast and how to do one

One of the most useful bits of advice that established entrepreneurs give to people starting their own business is this: ‘cash is king’.

It doesn’t matter what business you’re in and how profitable it is, if you run out of cash, your business will struggle to continue. If you can’t pay suppliers you’ll have nothing to sell, and it’s a quick, vicious circle from there to insolvency.

A good business needs a positive cash flow, where the amount of money coming in to the bank account each month at least matches the amount of money going out.

This is something that needs to be monitored at every stage of business growth. Obviously if your business is going through a rough patch, you need to keep a very close eye on your finances.

Overtrading can mean cashflow problems for good businesses

Bizarrely, if your business is doing very well, there is an even greater danger it could run out cash. It’s a phenom

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19.07
2011
Author:
Sarah Reyes
Tags:
Networking Networking Just
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Networking – it’s not just the connections that count

For too long, networking has been seen as the domain of the old boys club and small businesses desperately chasing new business. Recent years have, however, seen a tremendous growth in popularity of networking groups, particularly as a means of generating new business.

From a handful of networking events a decade ago, you can now network at breakfast, lunch and dinner. When you’re not at a networking event you can go online on your computer or mobile phone. I even once spoke at a 24 hour networkathon – so you can carry on through the night if you choose to!

It’s not just about the numbers

With the new popularity of networking comes a new culture. And that culture seems to dictate that the more connections you gain, the more successful your networking is. It is a culture that seems to be rooted in the belief that ‘it’s not what you know, it’s who you know’.

As I write this, I have just had an email exchange with one of my contacts who has been complaining of ‘network fatigue’. In her opening

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