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WHAT HAPPENED ON 25th September 1996?
24th September 1996
PSBR IS A "BLOT
ON THE ECONOMY" Britain's massive government borrowing requirement is a "blot" on its economy says the Institute of Directors. The institute has called on Chancellor Kenneth Clarke to make cuts in spending and borrowing his Budget top priority. It said it was not calling for cuts in income tax this year but would be after the next General Election. In its representations to Mr Clarke it said it was vital he cut borrowing. "He must reduce public spending & confine tax measures to...reforms " it said.
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: The spat began at the weekend with a comment from the avowedly pro-European Chancellor Kenneth Clarke. He declared that it would be "pathetic" if Britain left it to the last possible minute to decide whether it was going to join a single European currency. The present British stance is for the country to be a part of negotiations over monetary union but have the option of keeping the pound sterling.
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: John Redwood wants Britain to rule out single currency permanently. He suggested that the muddle was causing the indiscipline in the Cabinet. Deputy Prime Minister Michael Heseltine insisted though that a strong exchange of opinions was only healthy. The official line is that the Tories are broadly united behind the present policy. That line will be tested close to destruction at the party conference.
24th September 1996
SHARE PRICES
| SHARECHEC | K (ITs)CLOSE |
| Allianc 2247½+ 5 | MercEur 106¼ |
| Anglo&O 492½+ 2½ | MercWld 95½- 1 |
| Bankers 223½+ 1½ | MonksIT 611½+ ½ |
| British 229½ | MurrInt 411½ |
| Edinbur 336½+ 1½ | RIT Cap 246½ |
| Electra 404½ | Scot Am 173½ |
| F&C 154¾- ¼ | Scot Ea 100¾- ¾ |
| F&C Pac 181 - 2¼ | Scot IT 275½+ 1 |
| Fle FE 306½- 2 | ScotM&T 271 - ½ |
| Fle Jap 239¼- ¾ | Sec All 2035½- 2 |
| FleMerc 334½- ½ | TR City 165 - ½ |
| Fle O/s 336 + 1 | TR SmCo 230 |
| Gov Ori 186 - ½ | Temp Em 134 - ¾ |
| Gov Str 337½+ 1 3i 479 - 1 | |
| KleiEur 96¼ | WitanIT 265½+ ½ |
| NBAll prices are mid-prices | |
| Popular Shares | Options Weather |
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: The spat began at the weekend with a comment from the avowedly pro-European Chancellor Kenneth Clarke. He declared that it would be "pathetic" if Britain left it to the last possible minute to decide whether it was going to join a single European currency. The present British stance is for the country to be a part of negotiations over monetary union but have the option of keeping the pound sterling.
25th September 1996
DOCTORS SEEK LARGE INCREASE IN PAY
Doctors are calling for a "substantial" pay rise next year the British Medical Association has said. Doctors would need a 53% pay increase to regain their place in the earnings league of 16 years ago it claimed. The pay of solicitors accountants & others in comparable occupations should determine that of doctors & dentists the BMA told the pay review body. Nurses midwives & health visitors have also called for a large increase.
24th September 1996
SNP FAILS OVER BBC CONFERENCE COVERAGE
The Scottish National Party has failed to persuade a court to force the BBC to alter its planned coverage of the autumn party conferences. The Court of Session in Edinburgh has thrown out the party's application. The SNP argued that the corporation was planning to devote an "unfair" amount of time to the Conservative Labour & Liberal Democrat conferences. But Lord Gill said the argument was flawed & action was left too late.
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: The spat began at the weekend with a comment from the avowedly pro-European Chancellor Kenneth Clarke. He declared that it would be "pathetic" if Britain left it to the last possible minute to decide whether it was going to join a single European currency. The present British stance is for the country to be a part of negotiations over monetary union but have the option of keeping the pound sterling.
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: Yesterday Foreign Office minister Nicholas Bonsor said that Mr Clarke's comments were not shared by the vast majority of the Conservative party. It was an unusual intervention not least because ministers are not meant to criticise each other publicly. Former party leadership contender John Redwood is bound by no such rules. He said that the single currency opt-out was confusing.
24th September 1996
BBC ADAPTS TO CUTS IN GOVERNMENT FUNDS
Cuts in Government funding have forced the BBC to make changes to its European broadcasts on the World Service its managing director has announced. Sam Younger said broadcasts in Czech would be reduced & separate funding was being sought for broadcasts in Slovak & Finnish. More Russian service journalists are to relocate to Moscow in the move which will save £6.5m next year. The shortfall would still be around £5m
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: The spat began at the weekend with a comment from the avowedly pro-European Chancellor Kenneth Clarke. He declared that it would be "pathetic" if Britain left it to the last possible minute to decide whether it was going to join a single European currency. The present British stance is for the country to be a part of negotiations over monetary union but have the option of keeping the pound sterling.
25th September 1996
WOMAN LOSES RIGHT TO LIVE IN CARAVAN
A British gypsy woman who appealed to the European Court of Human Rights in Strasbourg to be allowed to live on land she owns has lost her case. June Buckley was refused permission to park caravans on a site near Cambridge. She had been asked to move on by the local council after living on the site for several years with her family. A council spokeswoman said the caravan intruded on agricultural landscape & was not acceptable in planning terms.
24th September 1996
FRANCE FACING OCTOBER GENERAL STRIKE
Unions representing France's 4m public sector employees have called a 24-hour strike for October 17. They are protesting against the government's austerity package which it hopes will help France qualify for European Monetary Union. Education workers have also called a day-long strike for September 30. A BBC correspondent says it is unlikely that any strikes will be on the scale of those that crippled France last year
25th September 1996
Tim Franks on the Conservative row over
an apparent policy division on Europe: The spat began at the weekend with a comment from the avowedly pro-European Chancellor Kenneth Clarke. He declared that it would be "pathetic" if Britain left it to the last possible minute to decide whether it was going to join a single European currency. The present British stance is for the country to be a part of negotiations over monetary union but have the option of keeping the pound sterling.
25th September 1996
SURGE OF FOREIGN
INVESTMENT IN UK A report by the Geneva-baseed UN Conference on Trade & Development says Britain experienced a surge of direct foreign investment last year. The report says the investment totalled $30bn ` three times the amount achieved in l994 and far higher than any other European Union country. A BBC correspondent says foreign firms are attracted by low UK labour costs. British workers are 10% less productive on average than those in France but 25% cheaper he says. Weather 400 Radio/TV 600 19:30/38;
