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Author Archives: GovWorldMag

It’s welcome news that this gang have been prosecuted and sentenced – Reynolds

Jonathan Reynolds MP, Labour’s Shadow City Minister, responding to reports that city financiers have been jailed over £245m loans scam, said:

“It’s welcome news that this gang have been prosecuted and sentenced. All those tempted to game the system and commit fraud against the public should know from the sentences passed that they’ll pay the price.

“Lack of faith in the financial sector is bad for the public and bad for the sector itself. The Government needs to do more to reassure people that the bad practices have ended. For a start, Philip Hammond should reinstate the commission on culture in banking cancelled by his predecessor.”

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Well done the Bank

I was delighted to read that the Bank now thinks the UK economy will grow by 2% this, year and confirms it did grow by 2% last year after all.  I trust the Treasury will now raise their forecasts as well, as they were too pessimistic at the time of the Autumn Statement as pointed out at the time.

I look forward to the comments of various bloggers who wrote in over the past year to tell me I was wrong to argue the UK economy would grow at 2% both years. Do they now think the Bank is wrong, having backed its much lower forecasts so strenuously?

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Andy McDonald welcomes the resolution of the train drivers’ dispute with Southern Rail

Andy McDonald MP, Shadow Secretary of State for Transport, welcoming the resolution of the train drivers’ dispute with Southern Rail, said:

“This is great news. At long last an agreement has been reached. While the full details are yet to emerge, it is essential that any safety concerns have been comprehensively addressed and resolved.  

“Sadly, trust between Southern management and the workforce has reached an all-time low, but hopefully this agreement marks the beginning of a more inclusive way of conducting industrial relations in the future.

“Southern’s long suffering passengers will be delighted at this news, but equally they need to see the appalling standards of service, which they have endured for far too long, greatly improve, and do so quickly.”

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