Change of culture . The failure of carillion has raised ideological and practical questions over what is the best and most economical way to deliver excellence in everything from schools and h52, to hospital services. Does whats happened to carillion demonstrate that the system is broken . In order to deal with the immediate problem, the business secretary today chaired the first meeting of a government taskforce, involving business, unions and lenders, to support firms and workers affected by the firms collapse. How big a deal has outsourcing become . Heres our policy editor chris cook. This is University College london hospital, uclh, an nhs hospital where devoted Public Employees tend the sick. But the building you can see was built by private builders and its managed by private contractors. Its a parable about how the British State has been changed by our contracting out culture. The key thing to understand about outsourcing is the contract. Outsourcing a service means someone, som
Executive board member says the central bank could lose credibility if inflation goals slip. Welcome to countdown. Has just gone 7 00 here in london. In the last hour, it has been reported that france has destroyed the Islamic States command center in raqqa in Northern Syria. Police have a number of raids across france and in neighboring belgium. French president Francois Hollande the u. S. And russia for a new alliance to destroy the Islamic State. We are joined by hans nichols and guy johnson. Some breaking news about french airstrikes and what they have reportedly managed to achieve. Guy a second night of strikes from the french. It appears they are targeting, again, the Northern Syria town of wrapped up. Town of raqqa. It was done once again working with the americans, who are providing targeting information. It appears 10 jets took part in the raid. It appears that Francois Hollande is going to step up this fight against is, and it appears he is once again working with his allies.
Tom keene in new york. Equities are focusing on m a. Tom yesterday, markets were subdued. A continued slowdown off of thursday or friday. Maybe off the reality of how entrenched europe will be. The photo at the beginning of the show of the two chambers of the french government meeting with mr. Hollande was quite something. Francine it was. Now the shift we see towards russia may happen in the next couple weeks if not earlier. At least they have a common fight. Investorhe german zew expectations, and little less than we were hoping. Lets get news. A second day, french planes attacked Islamic State targets in syria. The french say they destroyed a command center and training site, part of frances response to fridays attack. Francois hollande is calling for a u. S. Russian alliance to defeat Islamic State. Them and alliances needed to destroy the terrorists. President obama has rolled out the possibility of sending Ground Troops to syria and iraq, calling it a serious mistake i will commi
Combined fines could top 5 billion. U. K. Retail in a rut. Shares slip as a sharp outlook overshadows better than expected earnings. Marks and spencer also in the red as the Share Buy Back fails to impress. Good morning and welcome to Worldwide Exchange. Lets have a quick peak of where your dollar is trading. The big news obviously that came yesterday but today germanys ppi down 1. 5 on the year. Thats a weaker number than expected. I wonder if were looking at the Euro Dollar Exchange rate right now, 11114. How vulnerable is the euro dollar to raise in yields again. What if we see the bond yields right now. Currently 60 basis points. Does the ecb come in and use verbal intervention. Absolutely. Very interesting point that the euro dollar moved like an equity over the last six months. We saw it correct. We saw it come back away from 104, 105 handle and it it is moving really off the back of the ecb comments that you just mentioned yesterday. Interesting to also point the german bund. Fo
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