Pilot scheme at HMP Birmingham prepares prisoners for jobs and urges employers to see the potential of untapped workforce
In a brightly lit loft above the chapel of HMP Birmingham, singer Julianne Bastock is asking local business people to miaow up and down a musical scale.
There are nervous smiles among the smartly dressed men and women who have come to see for themselves how a scheme to run choirs in prisons can help tackle reoffending rates and connect former prisoners with employers.
Sam Woods has spelled out clearly why a transition period is needed for financial services – and showed it would make the process cheaper
Sam Woods isn’t beating about the bush. The deputy governor of the Bank of England and head of the Prudential Regulation Authority (PRA) says practical complexities arising from Brexit pose “a material risk to our objectives” and “we may have to make some difficult prioritisation decisions”.
This is strong stuff. Central bankers tends to prefer qualification and nuance. Woods couldn’t be clearer in describing why a transition period is needed to make the Brexit process orderly, at least in financial services.
Related: Bank of England warns Brexit will put strain on regulatory resources
Related: Nicky Morgan requests assessment of City’s readiness for hard Brexit
CARACAS/GENEVA (Reuters) – The United Nations slammed Venezuela on Tuesday for the use of excessive force against anti-government protesters and said security forces and pro-government groups were believed responsible for the deaths of at least 73 demonstrators since April.
Australia, Japan, and US have a clear and loud message for China: The South China Sea isn’t China’s own sea. It’s an international sea.
The more the North Korean crisis escalates, the greater the dangers of miscalculation, and the harder it will be for either side to find an exit ramp from a high-stakes crisis.
Attlee and Roosevelt built a fairer world off the back of economic catastrophe. We’ve failed at that today
It’s not the time passing, it’s the opportunity for retrospection that kills you. Or at least that’s how it feels looking back a full 10 years to the day when I was working in the Treasury as we got the news that the French bank BNP Paribas had frozen funds exposed to US sub-prime mortgages. The crunch part of the “credit crunch” had arrived, and with it a chain of historic events that led to the first bank run in Britain in over 100 years and the collapse of Lehman Brothers just over a year later. Looking back over that decade is not pretty, and should leave us asking: is this really the best we can do?
Related: Credit crunch, 10 years on: fate of RBS shows global crisis is not over
For all the talk of ever increasing income inequality, it has been broadly flat in recent years
Related: A decade after the financial meltdown, its underlying problems haven’t been fixed
US-North Korea war of words escalates
Tam first made a splash in New York in the 1990s with lines that included avant-garde “Mao” and “Buddha” collections