Connect with us
Advertisement
Advertisement

News

Tata crisis takes new twist

Published

on

Credit: NewsCast

Credit: NewsCast

THE UK GOVERNMENT is considering radical changes to the British Steel Pension Scheme in order to make TATA Steel’s UK holdings more attractive to potential buyers. The Govern ment has also raised the spectre of TATA continuing to own UK steel plants, including works at Trostre and Port Talbot.

However, the controversial changes, which are being considered by Business Secretary Sajid Javid, would be particular to Tata’s pension scheme and would not be more broadly applied.

Tata has claimed that the deficit in the pension scheme it inherited from British Steel is making it more difficult to offload its steel-making operations in the UK.

In response, Mr Javid has started a public consultation aimed at those who work in steel-making communities and those concerned in paying into the Pension Protection Levy that protects pensioners of bankrupt schemes.

THE BIDS

The deadline for potential buyers to make formal bids closed on Monday, but Tata has not revealed how many bids it received for its UK operations.

At First Minister’s Questions on Tuesday, Carwyn Jones observed that although the Excalibur bid had considerable technical expertise, it was yet to raise funding. He has suggested that two of the bidders, Liberty and Excalibur, pool their resources – financial, technical, and managerial – to present a combined bid, a solution known to be favoured by the UK Government.

THE PROPOSAL

The consultation document states that: ‘The exceptionality of the situation means that we need to think seriously about all possible options.

‘The legislative and parliamentary process is also such that, in order to have changes to regulations in place if that is what is required to enable a satisfactory resolution for steel production, the Government needs to start the consultation process in before the hope of any deal is confirmed’.

It continues to state: ‘The financial situation of the British Steel Pension Scheme is not responsible for the wider issues in the British steel industry.

“However, the scheme does itself give rise to issues that need to be resolved as a part of any long-term viable solution for Tata’s steelmaking operations in the UK and to provide clarity and security to the members of the British Steel Pension Scheme. The Scheme has therefore asked the Government to look into various options that would increase its chances of a sustainable future’.

‘NO DECISION HAS

BEEN MADE’

Mr Javid stressed that: “No decision has been made. We are wary of setting a precedent. This is very much about this scheme and this scheme only, in very unique circumstances.”

One option under discussion is to base the scheme’s annual increase on the Consumer Prices Index (CPI) inflation measure, which is usually below the Retail Prices Index (RPI) measure currently used.

This is the path favoured by the British Steel Pensions Scheme as they say it would leave most of the pension holders either better off or no worse off, compared with entering the Pension Protection Fund (PPF), which is the likely alternative.

On Tuesday (May 24). hundreds of steelworkers from across the country demand the government firstly ensure the responsible sale of Tata Steel’s UK assets and secondly deliver a proper industrial strategy that supports the entire steel sector throughout the current crisis and into a profitable future.

UNIONS WELCOME CONSULTATION

The steel trade unions – Community, Unite and GMB – have been in dialogue with the UK Government and Tata Steel for a number of weeks to secure a sustainable future for the steel industry. A number of bidders have made it clear that the British Steel Pension Scheme (BSPS) presents a major challenge to any sale.

A statement from the Community Trade Union said: ‘We fully understand the great importance of this pension scheme to both current and former steelworkers and steel communities across the UK.

‘There has been a lot of speculation that any sale of Tata’s assets would involve the BSPS going into the Pension Protection Fund (PPF). The trade unions believe that such a move would be an unmitigated disaster.

‘The PPF is a financial safety net but it would see every member of the scheme take an unnecessary cut in pension benefits. The financial health of the BSPS is such that going into the PPF can certainly be avoided.

‘We welcome the announcement of a government consultation on the future of the BSPS and the trade unions will of course make a full submission in due course. It is important that all stakeholders continue to explore all available options that avoid the need for the scheme to go into the PPF, which would be the worst deal for scheme members.

SAFEGUARDS NECESSARY

‘We need to ensure that there are cast iron safeguards in place so this unique situation does not result in employers dodging their pensions’ responsibilities’.

The Union statement continues: ‘It is important to remember that Tata Steel remains the employer and sponsor of the BSPS. They have significant legal, social and moral responsibilities with regards to the British steel industry and those men and women who have worked and continue to work within it’.

On BBC News, one pension expert, Tom McPhail from Hargreaves Lansdown, said: “The potential deal on British Steel could rip a hole in one of the most fundamental principles of pension provision. It is well-established that pension benefits, once granted, cannot be taken away.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Health

Werndale Hospital recognised for outstanding patient care in national award

Published

on

STAFF at Werndale Hospital near Carmarthen have been recognised for the quality of their patient care. 

The prestigious ‘Private Hospital Group of the Year’ award is presented to an organisation that has shown excellence in its delivery of care, commitment to the community and innovation within healthcare.

Werndale Hospital was also recognised for their initiatives to support staff in their career progression and wellbeing.   

The latest statistics show, 98% of patients at Werndale Hospital were satisfied with their overall level of care, 98% of patients would recommend their care to family and friends, and 98% of patients rated the nursing staff as excellent or very good. 

In addition, independent analysis of Circle hospitals’ hip and knee procedure outcomes of health improvement shows that Circle scored 8.4 versus an independent sector average of 7.8 in the hip category, and a score of 15.4 versus an independent sector average of 13.9 in the knee category.   

The award presented to Circle Health Group, owners of Werndale Hospital, in London in June, also noted the extraordinary contribution the teams at the hospital had made to the community. 

In 2021 alone, Werndale Hospital partnered with Air Ambulance Wales and raised £1,205 to support the charity’s work in the community.  

In addition to the charitable work, Werndale Hospital was recognised for it’s commitment to support staff through a series of wellbeing initiatives and career development opportunities. The judges were particularly impressed with the launch of the ‘Be Heard’ survey at the hospital.   

The survey looks to empower staff to feedback on everything from the working environment at the hospital through to their own career ambitions. Building directly on the feedback from this survey, the ‘Grow Your Own’ campaign was launched which supported staff to work towards specific qualifications from nursing degrees with partnered universities through to bespoke management programmes and MBA qualifications.   

As a direct result of this support for staff at what is a challenging time for healthcare workers, Werndale Hospital and Circle Heath Group were recognised as being a Top 20 Best Large Company to work for.   

At the heart of Werndale Hospital’s approach to treating patients is a commitment to the community they serve.  

 Paolo Pieri, CEO of Circle Health Group, said:  “The award is a testament to what an amazing year 2021 was for Werndale Hospital with considerable investment into the facilities and services on offer to patients in west Wales. I couldn’t be prouder of what our staff and doctors have achieved.”  

Continue Reading

News

Aberglasney Gardens delighted to win 2022 Trip advisor Travellers’ Choice Award

Published

on

ABERGLASNEY Gardens is thrilled to have been recognised by Tripadvisor as a 2022 Travellers’ Choice Award winner for being in the top 10% of attractions worldwide.

The Award recognises businesses that consistently deliver great service with the Gardens being rated ‘Excellent’ by 342 visitors.

The award celebrates businesses that have received great traveller reviews from around the globe on Tripadvisor over the last 12 months. As challenging as the past year has been, Aberglasney stood out by consistently delivering positive experiences to visitors.

Aberglasney’s Director of Operations Jim Stribling said: “We are delighted to have once again won an award from Tripadvisor. It is fantastic recognition for the team’s hard work and dedication. To rank among the top ten percent of those listed on Trip Advisor as one of the best places to visit is outstanding.

“We are grateful to all those who take the time to leave us a review after visiting. It is no cliché when I say all the team, be it in the gift shop, the gardeners, the tearooms and the administrative team, all take the reviews on board to help make a visit to Aberglasney the best possible experience for everyone.”

Tripadvisor, the world’s largest travel guidance platform, helps hundreds of millions of people each month become better travellers, from planning, to booking, to taking a trip. Travelers across the globe use the Tripadvisor site and app to discover where to stay, what to do and where to eat based on guidance from those who have been there before.

With more than 988 million reviews and opinions of nearly eight million businesses, travellers turn to Tripadvisor to find deals on accommodation, book experiences, reserve tables at restaurants and discover great places nearby.

As a travel guidance company available in 43 markets and 22 languages, Tripadvisor makes planning easy no matter the trip type.

“Congratulations to the 2022 Tripadvisor Travellers’ Choice Winners,” said Kanika Soni, Chief Commercial Officer at Tripadvisor. “The Travellers’ Choice Awards recognise the best in tourism and hospitality, according to those who matter most: your guests.

“Ranking among the Travellers’ Choice winners is always tough – but never more so than this year as we emerge from the pandemic. Whether it’s using new technology, implementing safety measures, or hiring outstanding staff, I’m impressed by the steps you’ve taken to meet travellers’ new demands. You’ve adapted brilliantly in the face of adversity.”

Continue Reading

Education

Council’s plan to expand bilingual education will be a gradual journey over 10 years

Published

on

Carmarthenshire County Council

CARMARTHENSHIRE County Council’s vision to increase bilingual education in Carmarthenshire will be a gradual journey over 10 years.

The Cabinet met yesterday (Monday, July 4) to discuss the Welsh in Education Strategic Plan (WESP), and emphasised that it was important to give all children and young people the opportunity to develop their Welsh language skills.

However, members stressed that families will still have a choice on the language in which their children will be taught over the next decade and after 2032.

The plan sets out how the council will develop Welsh language provision in schools based on the outcomes and targets set by the Welsh Government.

All councils across Wales have to submit 10-year Welsh language education plans to the Welsh Government in order to meet its target of one million Welsh speakers by 2050.

The outcomes include more nursery and reception children being taught through the medium of Welsh; more young people studying for qualifications in Welsh as a subject, and subjects through the medium of Welsh; increasing provision for learners with Additional Learning Needs; and increasing the number of teachers able to teach Welsh and through the medium of Welsh – with continuing support to develop staff through a comprehensive and flexible training programme.

The Cabinet said it was important for the council to provide more opportunities to be bilingual and referred to the various benefits it brings – from educational attainment to employability and health.

Cabinet Member for Education and Welsh Language, Cllr Glynog Davies said the aim was to meet and exceed the target set by Welsh Government on the percentage of Carmarthenshire pupils receiving their education through the medium of Welsh by 3032 (10-14%).

It included changing the language provision at 10 schools over the next 10 years creating an opportunity for a further 300 learners to be educated in Welsh.

He said: “We want to build on the progress made in early years education provision, and my ambition is clear – equal opportunities across the county.

“It is worth noting that we have the largest percentage 57.5 percent of nursery age children taught through the medium of Welsh. Immersion education is key to the strategy, and it is important that we continue to see an increase in the percentage of children transferring from the Meithrin groups to Welsh-medium education in the Foundation Phase.

“These early years are so important, the children are like sponges, absorbing information and absorbing a new language.

“We must then continue to see an increase in numbers in our reception classes, we say this even though we are the authority with the largest percentage (62.5 percent) of children receiving their education through the medium of Welsh.

“Children must continue to improve their Welsh when going from one school phase to another, and we need to make sure all children have the opportunity to pursue their secondary education through the medium of Welsh.

“At the same time, we need to give children and young people the confidence to use Welsh, in school and in the community. That’s what we want to see isn’t it, more and more using Welsh, hearing Welsh on the street. We need to develop and build on skills and confidence.”

Cabinet Member for Rural Affairs and Planning Policy, Cllr Ann Davies said: “I am extremely pleased to see this document and have a pleasure in supporting it. Working with young children, that is children under three-years-old, I can say that children pick up language very quickly, they absorb it, and the process is very different to learning a language. As they get older the process in the brain is completely different. I am pleased to see that there is an emphasis on early years, that is when we need to start.”

Cabinet Member for Resources, Cllr Alun Lenny said: “It is very important to state that there are many advantages to learning a language, obviously for careers, especially in health and social care where patients and clients must have a choice of language, it’s important particularly for older people, and young children, and people with dementia.

“The Chief Constable of Dyfed-Powys Police has stated he is keen for all his staff to speak a certain level of Welsh, so we have a duty here to support that.

“The advantages of being bilingual are multiple, socially and in the world of work, and this strategy is very much welcomed.”

The WESP has come back to the cabinet for discussion following feedback from the Welsh Government, mainly to include some additional data and detail. It will now be submitted to the Welsh Government for final approval. A public consultation was held last year.

Continue Reading

Trending

FOLLOW US ON FACEBOOK