A controversial property mogul says a new scheme making it harder for landlords to evict tenants at short notice will put landlords off renting out their properties.The government has today revealed plans to protect renters from 'unethical' landlords who use Section 21 notices to evict tenants without a reason after their fixed-term tenancy period ends.This can see renters evicted from their homes with as little as eight weeks' notice after their contract runs out.But as part of a complete overhaul of the sector, Section 21s could be banned, giving renters more long-term security.Now, millionaire landlord Fergus Wilson, who owned about 1,000 homes across Maidstone and Ashford at the peak of his empire, has spoken out, calling the scheme 'well intended' but not 'well thought out'.He claims that when section 21 notices are given to tenants there is usually a legitimate reason behind it, such as the renter being in arrears.He said: "You're getting a distorted picture nationally I think … [Read more...] about Landlord speaks out about new government plans
New government contracts
Jonathan Oosting The Detroit News Published 1:35 PM EST Dec 28, 2018 Lansing — Term-limited Republican Gov. Rick Snyder this week signed an executive directive prohibiting state departments and agencies from discriminating against gay or transgender people seeking government contracts, grants or loans. Snyder signed the directive Thursday and announced it Friday with just four days left in his tenure, describing it as an effort to lead by example in state government. It prohibits discrimination based on sexual orientation, gender identity or expression. “Michigan’s continued reinvention and economic growth depend on talented individuals choosing to live and work here,” Snyder wrote. “It is essential for state government to be a leader in welcoming all people to our state and ensuring that everyone is treated fairly and with respect.” The outgoing governor noted that Michigan Civil Service Commission rules already prohibit departments from … [Read more...] about Snyder bans LGBT discrimination for state contracts
Keith Laing The Detroit News Published 12:01 AM EST Dec 17, 2018 Washington — The furious backlash against General Motors Co.’s restructuring, delivered by official Washington, may be a harbinger of things to come. Even as the Detroit automaker executes a plan to cut 8,000 salaried employees, idle four U.S. plants and imperil 3,300 hourly workers, its crosstown rivals are quietly reshaping their footprints to account for dramatically shifting demand and to bolster their cash hoards to fund next-generation technology. The result is likely to be frustration, confusion and yet more pushback from constituencies outside the executive suites: Why are automakers booking billions in North American profits on fatter profit margins acting like companies desperately managing an imminent recession? And how can they justify the actions when two of Detroit’s three automakers owe their survival to U.S. taxpayers amid the global financial meltdown? GM and … [Read more...] about New GM faces old headwinds in D.C.
(Reuters) - Britain's government will continue granting contracts to Interserve Plc <IRV.L> as the debt-laden British outsourcing company battles to avoid a Carillion-style collapse, the Financial Times reported on Tuesday.Britain does not see Interserve as another Carillion <CLLN.L>, which collapsed in a mass of debt and pension dues in January, the FT reported https://www.ft.com/content/03f63e62-fd41-11e8-ac00-57a2a826423e, citing government sources.Government tenders expected to be released early next year include a contract to provide housing for asylum seekers and another running a back-to-work programme for the unemployed, the newspaper said.gi The British government and Interserve had no immediate comment when contacted by Reuters.Shares in Interserve lost more than half their value on Monday after the company announced a rescue plan that envisaged converting much of its debt into new shares, potentially handing control of the company to its creditors.The … [Read more...] about UK to continue to grant contracts to embattled Interserve
By Yoshiyasu ShidaTOKYO (Reuters) - Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp <0763.HK> <000063.SZ> to beef up its defences against intelligence leaks and cyber attacks, sources told Reuters.gi The Yomiuri newspaper, which first reported the news earlier on Friday, said the government was expected to revise its internal rules on procurement as early as Monday.The government does not plan to specifically name Huawei and ZTE in the revision, but will put in place measures aimed at strengthening security that apply to the companies, a person with direct knowledge and a person briefed on the matter said.The move follows a decision by the United States this year to ban government purchases of Huawei gear.U.S. intelligence agencies allege Huawei is linked to China's government and that its equipment could contain "backdoors" for use by spies, although no evidence has been produced publicly and the firm has … [Read more...] about Japan to ban Huawei, ZTE from government contracts