Charges in £35m HBOS loans probe New - Flag protests policing costs £7m Network Rail unveils £37.5bn plan

Charges in £35m HBOS loans probe New

Eight people are charged in connection with business loans worth £35m made through a branch of HBOS in Reading.



HBOS business loans: Eight charged

Breaking news
Eight people have been charged in connection with business loans made through a high street bank to the value of about £35m.
The loans originated from the Halifax Bank of Scotland (HBOS) branch in Reading, Berkshire.
Among those charged are former senior managers at HBOS, Lynden Scourfield, 50, and Mark Dobson, 52.
Thames Valley Police said the charges follow a large-scale investigation into corruption, fraud and money laundering.

Flag protests policing costs £7m

Union flag protests cost police over £7m

 
Julian O'Neill reports for BBC Newsline on a fifth consecutive night of rioting linked to flag protests in Belfast
The cost of policing flag protests in Northern Ireland since they began early last month is believed to be over £7m.
It has been confirmed that the cost of policing protests and dealing with disorder during the first two weeks, from 3 to 17 December, was £3.8m.
Policing has remained largely the same since, apart from a holiday lull.
The figure was revealed as police came under attack with petrol bombs and fireworks for a sixth night in east Belfast.
Bricks and bottles have also been thrown by loyalists in Templemore Avenue, off the Lower Newtownards Road.
The Police Service of Northern Ireland (PSNI) said it could not comment on the final cost because it did not have up to date figures.
A campaign of street demonstrations started just over a month ago, when Belfast councillors voted on 3 December to limit the days when the union flag flies over Belfast City Hall.
Earlier on Monday, Secretary of State Theresa Villiers said Northern Ireland was being "held to ransom by protesters".
She called for an end to all street demonstrations over flags - even peaceful protests - following a fifth night of rioting in east Belfast.
Rioters used hatchets, sledgehammers and petrol bombs to attack police and their vehicles on Newtownards Road.
The PSNI fired plastic bullets and used water cannon in response.
'Profoundly depressing' Speaking on BBC Radio, Ms Villiers said: "It's not acceptable that those who say they are defending a union flag are actually doing it by hurling bricks and petrol bombs at police. It's disgraceful, frankly."
The secretary of state described the continuing rioting as "profoundly depressing" and said she was "fully supportive of the great efforts the PSNI are making to crack down robustly on those who continue to break the law".
She called for the protests to "come off the streets" in order to allow local politicians to hold all-party talks over flags and emblems.
"We will not be able to get a solution if Belfast and Northern Ireland are being held to ransom by protesters," she said.
Three police officers were injured and eight people were arrested on Monday night, bringing the total number of arrests since the flag protests began to 104.
Four people were later charged in relation to the violence and appeared in court on Monday.
"All these protests have to stop altogether, even the peaceful protests are causing disruption and even they are making it far more difficult to have a proper dialogue to resolve these kinds of issues," Ms Villiers said.
'National security' She added: "Not only is it disgraceful in terms of injuries to police officers and people who live in the areas affected by the riots, it's also doing huge damage to Northern Ireland's image abroad".
Ms Villiers said the situation was having a "devastating impact on Northern Ireland's image abroad"
The Shadow Secretary of State for Northern Ireland, Vernon Coaker said the riots had become a matter of "national security" after the police said senior loyalist paramilitaries had been involved in the rioting.
Mr Coaker told the BBC's Good Morning Ulster programme: "That makes it, as far as I'm concerned an issue of national security and I think we need, and the secretary of state will need, to make an assessment of what the chief constable has said about that and what needs to be done."
The Labour MP also said the Westminster government had a continuing responsibility to support the Northern Ireland peace process and he condemned the latest violence.
"People may disagree with decisions that are taken but in a democracy you cannot have violence on the streets as a way of trying to bring about change to those decisions.
"The first rule of any democracy, the first rule of any political leader is actually to say that violence is totally unacceptable and cannot be justified and in that sense in London, and indeed in Stormont, we stand with the PSNI and those who are trying to prevent the violence from occurring," Mr Coaker said.
The Northern Ireland Independent Retail Trade Association (NIIRTA) has again called for the protests and rioting to end.
"The disruption to traders not just in Belfast City Centre, but in East Belfast is becoming extremely serious," said NIIRTA chief executive Glyn Roberts.
"Many of the areas in east Belfast are crying out for new jobs and private sector investment which is not going to happen while rioting and violence continue.
"This is a political problem and can only be resolved by politics and we would urge all of our political leaders to go the extra mile to resolve the flag issue and other grievances and above all to take this problem off the street"
Water cannon have been used during a fifth night of rioting in east Belfast Water cannon have been used during a fifth night of rioting in east Belfast
Monday night was the first time the council met since the vote was passed in December.
Up to 400 people attended what police described as a "largely peaceful" protest outside the building between 18:00 and 19:00 GMT.
The Department for Culture, Media and Sport has designated 18 days on which the union flag is flown in Northern Ireland in 2013. It may also be flown during the opening and closing of Parliament by the Queen.

DESIGNATED DAYS FOR FLYING THE UNION FLAG*

*Source Department of Culture, Media and Sport and subject to review
9 January
Birthday of The Duchess of Cambridge
20 January
Birthday of The Countess of Wessex
6 February
Her Majesty's Accession
19 February
Birthday of The Duke of York
10 March
Birthday of The Earl of Wessex
11 March
Commonwealth Day (second Monday in March)
17 March
St Patrick's Day (in Northern Ireland only)
21 April
Birthday of Her Majesty The Queen
9 May
Europe Day
2 June
Coronation Day
10 June
Birthday of The Duke of Edinburgh
15 June
Official Celebration of Her Majesty's Birthday
21 June
Birthday of The Duke of Cambridge
17 July
Birthday of The Duchess of Cornwall
15 August
Birthday of The Princess Royal
10 November
Remembrance Day (second Sunday)
14 November
Birthday of The Prince of Wales
20 November
Her Majesty's Wedding Day
Opening of Parliament by HM The Queen
Closing of Parliament by HM The Queen

Network Rail unveils £37.5bn plan

 

Network Rail unveils £37.5bn investment plan

 
Dave Higgins, chief executive of Network Rail: ''We haven't invested to meet demand (in the last 50 years) and playing catch up is always more expensive''

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A £37.5bn plan to develop the UK's railway infrastructure over five years has been announced by Network Rail.
The plan, covering the five years up to 2019, promises faster journeys, 170,000 more peak-time commuter seats and improved reliability, but depends on making savings and rising fares.
Consumer group Passenger Focus welcomed investment but said it was important to keep travel costs "under control".
Network Rail said it needed to invest now to create a more resilient railway.
Its plans include:
  • Spending £600m protecting tracks and bridges against floods and heatwaves and adding 1,000 miles of new electrified lines including the Great Western and Midland Main Lines
  • Seeing 225 million more passengers per year and 355,000 more trains in service - the highest numbers ever
  • Providing 20% extra morning peak seats into central London and 32% into large regional cities in England and Wales
  • Providing 700 more trains a day linking key northern England cities and a 10-minute reduction in journey times between Manchester and Leeds
  • Spending £1bn to improve the network in the South and South West
  • A move away from more than 800 signal boxes to 14 major operations centres
  • Station improvements at Birmingham New Street and Reading, Berkshire, and some £4bn improvements for Scotland including reopening 31 miles of railways closed nearly 50 years ago
Network Rail says it aims to reduce the cost of running Britain's railways by a further 18% and cut annual public subsidy to between £2.6bn and £2.9bn in 2019, down from £4.5bn in 2009 and £7bn in 2004.
Resilient railway However, the plans will be affordable only if Network Rail manages to make these savings. It also assumes fares will keep rising by more than inflation every year to help pay for it.

Analysis

This is an ambitious wish-list that could make a real difference to train passengers, but money is going to be an issue.
For starters, Network Rail needs to save £3.1bn between 2014 and 2019.
Swapping 800 old signal boxes for 14 swish new operating centres is one plan which they say will save £250m a year, without, they insist, compulsory redundancies.
Then there is safety. The old way of checking a track was to have 30-odd people walking along it, now they have computerised trains carrying two or three people.
Still, saving that kind of cash is a major challenge and they will be under intense pressure not to compromise on safety or jobs to achieve it.
Raising the money depends on inflation staying low, passenger demand staying high, the commercial property market remaining steady and the next government sticking to the current fares policy of yearly, above-inflation rises.
In the current climate none of that is certain, which means some of these fancy new plans might get mothballed if something goes wrong.
BBC transport correspondent Richard Westcott said that could mean at least six more years of big price rises, on top of the 10 years passengers have already experienced.
Network Rail chief executive David Higgins told BBC Radio 4's Today programme: "We have an amazing railway which is performing out of its socks, but it is still an old, Victorian railway which costs money to maintain because it is old and at a very, very high level of capacity, so getting access to the railway is really difficult.
"But we have made huge progress. The costs of maintaining and operating the railway in the 10-year period to 2014 have come down by 50%. We have to invest to save. We have to spend now to increase capacity, create a more resilient railway."
Anthony Smith, of consumer group Passenger Focus, said passengers would be pleased to see Network Rail and the train companies "planning together to keep investing to meet key passenger priorities as shown by Passenger Focus research".
He said providing extra seats to tackle overcrowding and continuing to get more trains on time was "welcome".
However, he added: "Getting costs under control is also a key industry priority to help keep the lid on future rises."
Michael Roberts, chief executive of the Association of Train Operating Companies, said: "Early clarity from government on the franchising and regulatory framework for rail will be vital in allowing train companies, Network Rail and our suppliers to deliver the best possible deal for passengers and taxpayers."
Manuel Cortes, leader of the TSSA rail union said rail passengers had already suffered enough above-inflation fare rises.
"They should not now be expected to face another six years of even higher fares. No-one expects motorists to pay more for new roads or air passengers to pay for new runways." he said.
Network Rail's business plan was unveiled just days after rail fares for season ticket holders in England, Wales and Scotland rose by an average of 4.2% as the annual price hike, announced in August, came into effect.
Overall, ticket prices increased by 3.9%, although rises varied between train operators.
It prompted the TUC to claim that average train fares had risen nearly three times faster than average incomes since 2008.

 COPY http://www.bbc.co.uk

 

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