Cars v Public Transport

Environmentalists advocate the use of public transport instead of cars as this will reduce carbon emissions and help combat climate change.

Achieving this is not only about changing people’s attitudes but will involve a significant shift in government strategy and investment to make public transport as convenient as cars.

This is an issue for urban and rural locations outside London, which has a relatively high usage of public transport and arguably offers an excellent network buses, tubes and trains that make it very convenient for the public.

Arguably, efforts to reduce car use in London have been helped by the introduction of the congestion charge and both the Low Emission and Ultra Low Emission Zones (LEZ). Indeed, other cities, such as Bristol, are said to be considering similar restrictions.

It is certainly the case that New Car Registrations have been falling drastically in the last two years.

According to figures published by Autoexpress, the UK’s new-car market...

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Why you should think 'Environment First' if you need an investor

The UK’s largest investors put environmental concerns and corporate governance issues as top of their lists when considering companies in which to invest, according to research by EY.

However, the respondents awarded a “could do better” to such areas as audit, corporate reporting, trust, and reputation, according to a report on the research published by CityAM.

Clearly the activities of campaigners like Greta Thunberg and Extinction Rebellion have significantly raised awareness on environmental issues.

But the profile of environmental concerns is also being raised by the annual world summits on ethical finance, the most recent of which was held in Edinburgh in early September and was attended by senior representatives from more than 200 companies and organisations.

The summit is organised by the Global Ethical Finance Initiative, which oversees, organises and coordinates a series of programmes to promote finance for positive change.

In early October, Mark...

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Chaos and Confusion or Order and Clarity? Where are SMEs now with Brexit Planning?

Brexit planning will continue to dominate the thinking and expenditure of the UK’s SMEs as Parliament is suspended for five weeks and the Government’s plans for leaving the EU on October 31 seem to be in tatters.

Parliament has forced the Prime Minister and cabinet to release its documents, called Operation Yellowhammer, on planning for a No Deal Brexit and has also blocked the possibility of the latter. Both are now, in theory, legal requirements as Acts of Parliament.  However, disagreement prevails.

It is questionable whether the government will obey the law, especially if they can find a way out. Furthermore, there is now no Parliament, or Parliamentary Committees, sitting to scrutinise the Government although the press and Courts are fully engaged.

Notwithstanding the political gymnastics, businesses are deluged with upbeat exhortations and alleged offers of help of which the following is a selection from the last six weeks or so.

Liz Truss, the then...

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How much can businesses realistically plan for no-deal Brexit?

brexit economy planning Jul 04, 2019

Clearly businesses are operating in very uncertain economic times with no-deal Brexit having become a game of political football and with such an unpredictable outcome.

While a degree of uncertainty is a fact of life in business, which is why I strongly recommend regular and at least monthly scrutiny of management accounts, the current situation is arguably unprecedented.

We are in the midst of a global economic slowdown, with UK manufacturing activity at its lowest level for six years and the economy stagnating according to the British Chamber of Commerce (BCC) latest quarterly report published last Monday, much of this being self-inflicted following the Brexit referendum.

And worse, the UK is now beset by a contest to elect a new leader for the “governing”, Conservative party in which only a small group of party members have a say, and seemingly with both candidates adopting increasingly intractable positions on leaving the EU by the end-October deadline and even worse...

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What kinds of jobs will be taken over by automation?

In late March, the ONS (Office for National Statistics) published its latest findings on the effects of automation on the jobs market.

It found that some 1.5 million jobs were at high risk from automation, but, tellingly, 70% of these roles were currently held by women. The next most at risk groups were part timers and young people.

The ONS calculates that around 710,000 jobs in the City may be taken over by automated technology, with around 39% of jobs in the accounting, legal and financial services sectors most likely to be automated and that 34% of roles in tax advice could be affected..

Waiters and waitresses, shelf fillers and elementary sales occupations, are most likely to go, all roles defined as low-skilled or routine. Increasing numbers of factory workers are also at risk of being replaced by machines.

Least endangered are medical practitioners, higher education teaching professionals, and senior professionals in education although many of their support functions such...

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How to make failure your first step towards business success

failure planning Feb 26, 2019

None of us is perfect.  Perhaps that is why we admire so-called successful people so much.

But behind almost every business success lies a series of failures. Just ask Thomas Edison, inventor of the electric lightbulb, or Richard Branson, who has made no secret of his past business failures, or even Luke Johnson, investor in and chairman of the recently-failed Patisserie Valerie and business blogger who has written extensively about failure and pertinently for him how to spot and prevent it.

Edison said of previously unsuccessful attempts at his invention: “I have not failed. I’ve just found 10,000 ways that won’t work.”

He also said: “Our greatest weakness lies in giving up.” This along with learning the lessons from failure is the key to understanding how successful people approach failure.

Failure would be better rebranded as a trial and error approach to achieving goals where essentially each instance of failure is primarily a learning...

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Brexit, SME confidence and contingency planning

brexit planning smes Nov 20, 2018

Considering that SME confidence has been plummeting for some months now, last week’s crescendo of Brexit mayhem following the announcement of a mutually acceptable EU-UK draft agreement could hardly have been less helpful.

The 500-plus page document was only released to Cabinet members on Thursday, yet the Brexiteer objections and calls for resignations began well before any of them could have read or digested the details and it is questionable whether there was any comprehension of the implications of the contents or their consequences for businesses.

The suspense will doubtless continue this week, as we wait to see whether enough MPs submit letters to trigger a vote of no confidence in the Prime Minister and whether the document will even be approved in the House of Commons.

If it is not, what then – leaving the EU with no deal at all?

How can SME confidence be maintained and what price contingency planning?

Back in October the FSB (Federation of Small Businesses) had...

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