Download or read book The Restructuring of British Energy written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2006-03-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: British Energy was privatised in 1996. In 2002, the price of electricity fell and on 5 September 2002, the Company applied to the Department of Trade and Industry (the Department) for financial assistance. In November 2002, the Department agreed to provide financial assistance with the proviso that the Company's financial arrangements would be restructured. This report deals with the financial aid that the Department gave to British Energy and the terms of the restructuring of British Energy. The Department decided to intervene because, in its assessment, unplanned closures of British Energy's nuclear power stations would have had safety implications and put electricity supplies at risk. The Department took on responsibility for a large proportion of the company's liabilities, to be funded through a Nuclear Liabilities Fund, though there was no up-to-date estimate of those liabilities. (These estimates are to be updated every five years now.) In February 2006 British Energy estimated liabilities at £5,287 million. The restructuring mechanism is for a cash sweep, so that the company contributes more to the Fund when it is doing well. In the 12 months following completion of restructuring in January 2005, the wholesale electricity price rose sharply and the Company's share price more than doubled. The electricity market has, however, proved to be particularly volatile over recent years. The Nuclear Liabilities Fund is left particularly exposed to British Energy's financial and operational performance. Day-to-day responsibility for monitoring various aspects of the Company's performance currently lies with a number of teams within the Department. There remains a real risk that information learned by the different teams is not shared quickly and evaluated and that insufficient staff resources are committed to safeguarding the taxpayer's significant interest. To assist its management of the taxpayer's interest, the Department will need to prepare sufficiently comprehensive contingency plans to enable it to act quickly under the range of scenarios that might arise.
Download or read book The Restructuring of Capitalism in Our Time written by William K. Tabb and published by Columbia University Press. This book was released on 2012 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth.
Download or read book The Law and Practice of Restructuring in the UK and US written by Shai Y. Waisman and published by Oxford University Press, USA. This book was released on 2011-04-07 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law and Practice of Restructuring in the UK and US is a practical guide to the restructuring of corporate debt and associated restructuring issues such as employees and pensions, from the perspective of both UK and New York law, the dominant systems of law in the world commercial and financial markets. At a time when many companies are looking at renegotiating and restructuring their debt agreements, this book provides a timely analysis of current techniques and likely developments in the field of corporate restructuring. An expert contributor team from both the US and UK combine their practical experience to cover all aspects of corporate restructuring. Through vivid exposure of the differences between the two jurisdictions, this book considers likely developments in the corporate restructuring landscape, for example the US Chapter 11 paradigm, as well as addressing lessons learned from past issues which are likely to feed into future develompents With coverage of techniques available to both stressed and distressed companies, as well as looking at specialist markets and key stakeholders, The Law and Practice of Restructuring in the UK and US is an invaluable guide for banking, finance and insolvency practitioners and their clients, both financial institutions and companies looking to restructure debt, as well as global accountancy firms and law and business schools worldwide.
Download or read book Restructuring Place Class and Gender written by Paul Bagguley and published by SAGE Publications Limited. This book was released on 1990-05 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyze the ways in which places have been transformed through the changes taking place within them - shifts in the nature and quantity of paid and unpaid work, in social and political mobilization, in cultural and aesthetic experience and in the built environment. Using a locality study of Lancaster, they emphasize place as a decisive point in understanding social and economic changes. They consider how successfully concepts of `restructuring' explain the relation between local and global change. The book will be a major contribution to international debates on restructuring and the impact of global change on the locality. It will also be of interest to all social scientists interested in the sociology,
Download or read book The Making of Eurosceptic Britain written by Chris Gifford and published by Routledge. This book was released on 2020-09-10 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: What has been the political impact of the Eurozone Debt Crisis in the UK? To what extent have the bank collapses and bailouts reinforced Britain’s Eurosceptic trajectory? In this revised and updated second edition Chris Gifford addresses these key questions reflecting on the Labour government’s approach to Europe while exploring the extensive mobilisation of Eurosceptic forces in opposition to the Conservative-led coalition government. The book examines the extent to which Euroscepticism has become dominant within both the Conservative leadership and the bulk of its parliamentary party and how this has affected the relationship of the coalition government with the European Union. By placing current attitudes to Europe in relation to the wider history of Britain’s post war interaction with its continental neighbours the author shows how British Euroscepticism is structural in nature and a persistent and institutionalised feature of UK Politics.
Download or read book Responsible Restructuring written by Wayne F Cascio and published by Berrett-Koehler Publishers. This book was released on 2002-09-09 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firms that restructure through downsizing are not more profitable than those that don't, and often end up hurting themselves in the long run. Responsible Restructuring draws on the results of an eighteen-year study of S&P 500 firms to prove that it makes good business sense to restructure responsibly-to avoid downsizing and instead regard employees as assets to be developed rather than costs to be cut. Wayne Cascio explodes thirteen common myths about downsizing, detailing its negative impact on profitability, productivity, quality, and on the morale, commitment, and even health of survivors. He uses real-life examples to illustrate successful approaches to responsible restructuring used by companies such as Charles Schwab, Compaq, Cisco, Motorola, Reflexite, and Southwest Airlines. And he offers specific, step-by-step advice on what to do-and what not to do-when developing and implementing a restructuring strategy that, unlike layoffs, leaves the organization stronger and better able to face the challenges ahead.
Download or read book Britain s Cities written by Michael Pacione and published by Routledge. This book was released on 2002-11-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uneven distribution of life is a dominant feature of the city. Major social, economic and spatial divisions are apparent in terms of income and wealth, health, crime, housing, and employment. This text offers an introduction to current processes of urban restructuring, geographies of division and contemporary conditions within the city. The geography of Britain's cities is the outcome of interaction between a host of public and private economic, social and political forces operating at a variety of spatial scales from the global to the local. A deeper understanding of the nature of urban division and of the problems of and prospects for local people and places in urban Britain must be grounded in an appreciation of the structural forces, processes and contextual factors which condition local urban geographies. This book combines structural and local level perspectives to illuminate the complex geography of socio-spatial division within urban Britain. It combines conceptual and empirical analyses from researchers in the field.
Download or read book Towards a Post Fordist Welfare State written by Roger Burrows and published by Routledge. This book was released on 2003-09-02 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no doubt that significant socio-economic changes have occurred over the last twenty years in the UK and other advanced capitalist societies. Consequently, Fordism, a bureaucratic, hierarchical model of industrial development has matured into Post-Fordism, with its greater emphasis on the individual, freedom of choice and flexibility, generating fresh debate and analysis. Towards a Post-Fordist Welfare State represents leading authors from a number of disciplines - social policy, sociology, politics and geography - who have played a key role in promoting and criticising Post-Fordist theorising and presents a thorough examination of the implications of applying Post-Fordism to contemporary restructuring of the British welfare state. The work will appeal to a wide-ranging readership providing the first social policy text on Post-Fordism. It will be key reading for undergraduates, postgraduates and lecturers in social policy and administration, sociology, politics and public sector economics
Download or read book Interrogating the New Economy written by Norene Pupo and published by University of Toronto Press. This book was released on 2010-01-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interrogating the New Economy is a collection of original essays investigating the New Economy and how changes ascribed to it have impacted labour relations, access to work, and, more generally, the social and cultural experiences of work in Canada. Based on years of participatory research, sector-specific studies, and quantitative and qualitative data collection, the work accounts for the ways in which the contemporary workplace has changed but also the extent to which older forms of work organization still remain. The collection begins with an overview of the key social and economic transformations that define the New Economy. It then illustrates these transformations through examples, including essays on wine tourism, the regeneration of mining communities, the place of student workers, and changes in the public service workplace. It also addresses unions and their responses to the restructuring of work, as well as other forms of resistance.
Download or read book The Changing Geography of the United Kingdom written by Vince Gardiner and published by Psychology Press. This book was released on 2000 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1990 the UK has undergone major shifts in terms of its land, economy, society, policy and environment, all of which have had a profound effect on the geographical landscape. This fully revised edition of a well-known book presents a full description and interpretation of the changes that have occurred during the 1990s. It includes a great deal of new material from a revised team of contributors.
Download or read book Privatization Restructuring and Regulation of Network Utilities written by David M. G. Newbery and published by MIT Press. This book was released on 1999 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Newbery argues that network utilities pose special problems of ownership and regulation.
Download or read book The Changing Geography of the UK written by Hugh Matthews and published by Routledge. This book was released on 2002-03-11 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 2000. Within the last decade the UK has undergone major shifts in terms of its land, economy, society, polity and environment, all of which have had a profound effect on the geographical landscape. This fully revised edition of a widely-appreciated book presents a full description and interpretation of the changes that have occurred during the 1990s. It includes a great deal of new material from a revised team of contributors.
Download or read book People and Environment written by D.J. Walmsley and published by Routledge. This book was released on 2014-09-19 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1994. This book comprises a second edition of Human Geography, behavioural approaches, first published in 1984. The first edition attempted to synthesize the massive volume of geographical literature to have appeared mainly since 1960 concerned with both how people come to know the environment in which they live and with the way in which such knowledge influences subsequent ‘spatial behaviour’. As with the first edition, the rationale for, advantages of, and shortcomings with behavioural approaches are explored at length in both substantive chapters and in a number of detailed examinations of particular aspects of life in advanced Western society.
Download or read book A History of the International Chemical Industry written by Fred Aftalion and published by Chemical Heritage Foundation. This book was released on 2001 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fred Aftalion's international perspective of the history of chemistry integrates the story of chemical science with that of chemical industry. This new edition includes events from 1990 to 2000, when major companies began selling off their divisions, seeking to specialize in a particular business. Aftalion explores the pitfalls these companies encountered as well as the successes of "contrarians"--those companies that remained broad and diversified. He uses BASF, Dow, and Bayer as examples of true contrarians.
Download or read book Transforming Buyer Supplier Relations written by Jonathan Morris and published by Springer. This book was released on 1992-06-18 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyses the shift in the relationship between large and smaller firms from confrontation and conflict, to cooperation and mutual assistance. It charts the pace of the adaption of Japanese style buyer-supplier relations in North American and Western European organizations.
Download or read book The British Economy in Transition written by Royce Logan Turner and published by Psychology Press. This book was released on 1995 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of attempts at economic regeneration in areas that have experienced decline in 'traditional' industry. Coal, steel, defence, textiles, and the motor industry are discussed by an expert in the area.
Download or read book Research Handbook on Corporate Restructuring written by Omar, Paul J. and published by Edward Elgar Publishing. This book was released on 2021-08-27 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely Research Handbook examines the increasingly economically vital topic of corporate restructuring. Reflecting a shift in the global approach to insolvency towards a focus on rescuing viable businesses rather than liquidation, chapters consider all areas of the law closely connected to corporate insolvency, rehabilitation and rescue, as well as the introduction of the EU Preventive Restructuring Directive and other reforms from around the world.
