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What the papers sayBack

The Financial Times

Jobs vacant as visa cap for skilled workers breached

visa

Concern that recovery could be stifled if the system lacks flexibility

Graduate schemes and management positions across the City are to be left vacant after the government’s cap on skilled workers from outside Europe was breached for the first time since being imposed four years ago.

UN accepts offer by six energy groups to fight global warning

The UN will take up an offer from six of Europe’s largest oil and gas groups to help it fight global warming as countries work on sealing a new international climate change agreement

The unusual proposal from companies including Royal Dutch Shell and Britain’s BP was “very, very welcome,” the UN’s top climate official, Christina Figueres said.

Companies and Markets

Oil supply to outstrip demand

Global oil supplies are expected to grow robustly this year and will outstrip even surprisingly strong demand, the world’s leading energy forecaster said yesterday, signalling the market rebalancing driven by lower prices will take longer to shake out.

“Despite signs of a slowdown in non-Opec supply, notably in the US, global production growth remains exceptionally high,” the International Energy Agency said in its closely watched monthly report.

The Times

Councils ‘ignore potholes to boost funding’

Councils are letting pothole-strewn roads deteriorate in an attempt to claim funding, said the transport minister

The Daily Telegraph

CBI: ‘Simpler and fairer’ rates needed

The antiquated business rates system is a major barrier to investment and must be reformed, the Confederation of British Industry (CBI) has urged.

The CBI has recommended that smaller properties should be exempt from business rates, revaluations should be more frequent, and future increases should be limited as a result of a switch of the inflation benchmark which they track. The recommendations were made in a response by the industry body to a review of business rates announced by George Osborne, the Chancellor, in last year’s Autumn statement.

Motorist dies locked in car by a flat battery

A motorist in Texas died of heat exhaustion in his Corvette after the battery failed and he could not open the electric doors or windows. James Rogers, 72, died alongside his dog Leia after they became trapped in his car.

Business

Petrol and diesel prices predicted to rise as global oil demand grows

Petrol and diesel prices in the UK are poised to rise further after the world’s energy watchdog significantly upgraded its forecast for oil demand.

The International Energy Agency (IEA) has raised its outlook for world oil demand growth in 2015 by 280,000 barrels per day (bpd) to 1.4m bpd. The increase means that demand is expected to reach 94m bpd this year.

 

The Independent

Tax take from North Sea oil to dry up after global price slump

Office for Budget Responsibility expects just £2bn between 2020 and 2040

 

The Daily Mail

Parking permit lottery could see you pay £750… or 50p

Motorists are facing a ‘postcode lottery’ of council fees of up to £750 a year to park outside their own homes, a survey has revealed.

Posted by Lois Hardy on 12/06/2015