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The Financial Times
Queen’s Speech will include expanded Right to Buy scheme, measures to create apprenticeships and reduction in benefits cap
Scotland is launching a programme that will give special government support to companies that promise to pay a “living wage” and take other action to promote productivity, fairness and diversity.
The Scottish National party administration sees the “business pledge” programme as a way of boosting productivity while meeting social goals such as improving income equality.
Low worker output poses a threat to living standards, says US think-tank
Output per worker grew last year at its slowest rate since the millennium, with a slowdown evident in almost all regions, underscoring how the problem of lower productivity growth is now taking on global proportions.
Companies and Markets
Oil group says securing environmental approvals will prevent production until the 2030s
Oil reserves that Royal Dutch Shell hopes to find in the Artic are unlikely to be brought into production before the 2030s because of the difficulty in securing environmental approvals, executives leading the exploration have said.
Analysts point to Marchionne’s large borrowings and big investment plans
…Sergio Marchionne, chief executive of Fiat Chrysler Automobiles, last month gave a presentation on mergers and acquisitions, the latest in a series of calls for consolidation in the industry from the former accountant and lawyer
Success or failure of highly challenging and long-delayed project is critical to future of oil development off Alaska coast
The chief executives of US public pensions groups Calpers and Calstrs have taken the unusual step of urging G7 finance ministers to back a firm goal for cutting greenhouse gas emissions in the global climate change deal due to be sealed in Paris this year.
Speed limits on rural roads should be cut because of an increase in the number of motorists attempting “aggressive and selfish” overtaking manoeuvres ministers have been told.
The default limit should be set at 50mph- down from 60mph- as part of an initiative to cut the number of deaths and serious injuries on single-track country lanes, according to Brake, the road safety charity.
Up to half of the motorists pulled over by police in some regions are failing drug tests, figures show.
About 56 per cent of drivers given “drugalyser” tests in South Yorkshire were found to have taken illegal substances, while numbers were as high as 45 per cent in London.
The election of a president in Poland who shares some of David Cameron’s demands for reform of the European Union offers the prime minister a diplomatic opening.
David Cameron should not delay calling a referendum over Britain’s continuing membership of the European Union but should hold a poll by the end of next year at the latest, according to one of Britain’s leading employers’ confederations.
…Britain’s new generation of inventors appear to have fallen far behind their European counterparts in bringing new products to market.
Motor insurers suffered a second successive set of annual losses last year, despite evidence that they are imposing price increases on drivers.
The Daily Telegraph
Living near a main road can cause people to gain weight, while living under a flight path doubles the risk of obesity, a study into noise pollution has found.
Updated first-quarter figures from the ONS raises questions over official calculations
Huge rewards on offer for chiefs of big five oil firms
Activist shareholders urge companies to cut spending