Archive for December, 2011
Energy: Dalkia-achieving sustainable efficiency
Thursday, December 22nd, 2011Tony Doherty explores the issues at stake for public establishments striving to achieve sustainable energy efficiency. Public facilities have long since recognised the critical role that providing a comfortable environment plays, by maintaining appropriate levels of heating, cooling, lighting and air quality within buildings – from hospitals to schools and government offices. At the same time, growing budgetary pressures and rising prices are putting a focus on reducing the cost of providing these services. These cost and efficiency drivers necessitate the delivery of more energy services...[full story]
Finance: Autumn Statement-regional impact
Thursday, December 22nd, 2011More capital spending and extra support for business are the main positives from the autumn statement but further cuts are expected in public service budgets. Northern Ireland is to receive an extra £142 million (including £134 million for capital projects) up to 2015 following the Chancellor’s autumn statement but may lose £150 million in current expenditure. Those reductions are expected in Barnett consequentials i.e. cuts in UK Government departments being matched by the Executive. The whole UK is expected to experience lower growth in 2012 (0.7 per cent) with the Government borrowing...[full story]
Finance: Robert Chote-forecasting ahead
Thursday, December 22nd, 2011Office for Budget Responsibility Chairman Robert Chote explains its forecasting approach to Peter Cheney and how corporation tax devolution would expand its remit. Whatever you think of its estimates, the Office for Budget Responsibility has established its independence as a professional forecaster, according to Robert Chote. agendaNi spoke to him at the Northern Ireland Economic Conference on the first anniversary of his appointment. “The key thing we needed to do on arrival,” he stated, “was to establish the reputation of the OBR as a source of rigorous, well-explained coherent...[full story]
Draft Programme for Government: Economy
Thursday, December 22nd, 2011While still keeping the economy as first priority, the draft Programme for Government offers few radical solutions for the province’s problems. As expected, the economy is described as the Executive’s first priority but its aims are considerably less ambitious than before. This reflects the recession but also the risk-averse influence of the Civil Service. Closing the productivity gap with Great Britain (a major goal for decades) is not set as a firm target. The previous programme aimed to halve the difference with the UK average (excluding South East England) by 2015. Instead, the...[full story]
Draft Programme for Government: Reform
Thursday, December 22nd, 2011Progress is promised on reforming education and local government after long delays. Apart from health and libraries, the last Assembly term was largely a missed opportunity for “Delivering High Quality and Efficient Public Services”. The draft Programme for Government’s reform plans, under that title, will be judged on whether education and local government are streamlined. Social clauses are due to be the first achievement of reform, introduced in 2012-2013. The most tangible benefit should be better access to life-enhancing drugs. Patients with rheumatoid arthritis, cancer, inflammatory...[full story]
Economy: Patrick Love-Triple A shocks
Thursday, December 22nd, 2011The causes of the Great Recession risk being repeated, Patrick Love contends, as he reviews the downturn. Globalisation multiplies the effect of new shocks in a way never seen previously. Financial crises and recessions are nothing unusual. There were 195 stock market crashes and 84 depressions between 1860 and 2006. However, the 2007 crisis marks a turning point in that for the first time the entire world was affected. The trigger was the collapse of Lehmans, which called into question one of the unspoken assumptions of global finance: some banks are too big to fail. This assumption...[full story]
North/South: New Irish President
Thursday, December 22nd, 2011Michael D Higgins has taken over from Mary McAleese as Irish President, while Irish citizens in Northern Ireland will not receive voting rights for the foreseeable future. Meadhbh Monahan reports. Michael Daniel Higgins, the first intellectual and poet to reside at Áras an Uachtaráin, was elected Ireland’s ninth President on 27 October, receiving 701,101 first preference votes, which increased to 1,007,104 with transfers. This equated to a 39.6 per cent share of the total vote, well above Cavan entrepreneur Sean Gallagher’s 28.5 per cent. Gallagher came second with 628,114 first...[full story]
Energy: EST-times are changing
Thursday, December 22nd, 2011EST has operated in Northern Ireland for the past 15 years and is best known for the provision of free and impartial energy saving advice to householders, communities and energy-related business. Patrick Thompson explains the way ahead. Briefly outline EST’s current work in Northern Ireland: We provide free and impartial energy saving advice to around 50,000 householders in Northern Ireland each year. In the face of rising fuel prices and last year’s cold winter, the provision of advice and information on the smaller ‘behaviour changes’ is as essential as insulation and helps...[full story]
