asterisk2a + aberdeen   35

Aberdeen council tax to increase by 4.5% - BBC News
Aberdeen's council tax is to increase by 4.5%.

Up to 200 posts could go as part of more than £40m of cuts that were approved following a four-hour meeting on Tuesday afternoon.

However community centre, libraries, school crossing patrollers and public toilets escaped threatened cutbacks.

The Conservative and Labour administration's proposals were backed by 23 votes to 19 over an SNP amendment, with three abstentions.

https://twitter.com/Davyshanks/status/1102921915650527233 - The local authority needs to close a funding gap of more than £40m.

An annual £30 charge for brown bin collections is being introduced.
UK  Austerity  Council  Aberdeen 
march 2019 by asterisk2a
NHS Grampian's chief executive had largest pension increase in Scotland | Press and Journal
[ suspending "trouble makers" potential whistleblowers. standard practice in NHS! especially when said doctors think patients at risk and or culture and management put patients at risk ] But last September, at the end of an extensive investigation by the General Medical Council, he was among eight consultants who were cleared of any wrongdoing. In January, he spoke for the first time since his suspension, where he criticised senior management at the board for failing to act on a damning report from Health Improvement Scotland more than two years before. // MORE FROM THE PRESS AND JOURNAL -
Scottish Government underfunds north health authories by more than £20million & Six million cost of suspended NHS staff & ARI surgeons under investigation cleared by watchdog
NHS  Grampian  Austerity  Scotland  Shona  Robison  SNP  Nicola  Sturgeon  Aberdeen 
april 2017 by asterisk2a
Aberdeen wrestles with hard choices as independence looms again | Business | The Guardian
“Compare the urgency with which ministers dealt with the steel crisis, or the haste with which Greg Clark went to France to discuss the future of Vauxhall, and compare that with the utter complacency in supporting our oil and gas industry,” he says. [...] That’s a blow to Holyrood, which is struggling with a budget deficit nearing 10% before Nicola Sturgeon even thinks about the implications of leaving the UK. Such is the decline in oil revenues that whisky is now the country’s biggest export, pushing professional services – much of them linked to Edinburgh’s finance industry – into second place; oil is third and mining and quarrying fourth. [...] There is the prospect of European Union membership after Brexit, but that will be blocked for as long as Scotland’s budget deficit is above 3%. So even if the Spanish, concerned about a good deal for Scotland encouraging Catalonia to split, agree to swap the UK for Scotland, it could be years before the EU27 becomes 28 again.
Aberdeen  UK  Scotland  Holyrood  Westminster  Whitehall  Brexit  Theresa  May  indyref2  Philip  Hammond  Nicola  Sturgeon 
march 2017 by asterisk2a
Spiralling prescription drug bill threatening care services | Press and Journal
[ aging chronically sick patients (demographic overhang) w 3 4 5 10 medications ] The crisis sparked a public row after Aberdeen’s health and social care partnership said in a report that the bill was “uncontrollable”. It is expected to top £100million next year – £40million in the Granite City, £45 million in Aberdeenshire and more than £17million in Moray. //&! https://www.eveningexpress.co.uk/fp/news/local/8-million-hole-in-budget-sees-care-group-seek-to-cut-training-and-overtime/
NHS  Grampian  adult  social  care  elderly  Aberdeen  Austerity  health  demand  sick  population  Demographic  bubble  chronic  ageing  prevention  Scotland  SNP  Nicola  Sturgeon  Shona  Robison  GP 
february 2017 by asterisk2a
Oil price hurting Aberdeen trade | Scottish Licensed Trade News
The report, published last week, revealed that room occupancy in Aberdeen was down 19.7% between October 2014 and October last year, while revenues slumped 45.7%. Willie Macleod, executive director of the British Hospitality Association (BHA) Scotland, said the figures showed “hotels are dropping their rates quite significantly to achieve occupancy”. //&! Aberdeen has seen the steepest drop in Scottish house prices with the price of an average home falling 6.8% to £212,598 in 2015. - bit.ly/1PFeOgQ
Aberdeen  aberdeenshire  Oil  price  Dutch  Disease 
february 2016 by asterisk2a
North Sea oil and gas workers offered chance to retrain as teachers - BBC News
Prime Minister David Cameron also recently announced a £20m funding package to help the North Sea oil and gas sector. That came after the Scottish and UK governments unveiled details of a £250m "City Deal" for Aberdeen, which will see them jointly invest in the area. Separately, the Scottish government promised an extra £254m of investment in key infrastructure projects in Aberdeen and Aberdeenshire.
education  policy  staff  shortage  Scotland  Aberdeen  aberdeenshire  Oil  price  commodity  prices 
february 2016 by asterisk2a
Norway seeks to diversify its economy as oil earnings plunge - BBC News
As oil prices have collapsed, it's become clear that Norway has caught what used to be called the Dutch disease - an overreliance on one industry, in this case the oil and gas sector. With its upmarket waterfront restaurants and the Barcode office blocks, the Sorenga dockside development serves as a poignant reminder of how prosperous Norway had become while the going was still good. [...] Unbalanced economy [...] "The oil and gas industry became too strong in our economy, especially during the last four or five years, reflects Prime Minister Erna Solberg. "Most of the growth came from that sector, and our strong currency left some of our traditional industries behind." [...] Household debts have reached more than 200% of annual disposable income [ Dutch Disease; UK & USA = domestic consumption, Germany = exports and its name, London = Finance and wealthy expats/non-doms, Switzerland = exports and its name , China = export, Brazil = commodity export ]
Norway  Aberdeen  Oil  price  commodity  prices  secular  stagnation  2016  2015  credit  bubble  China  BRIC  economic  history  reflate  reflation  QE  ZIRP  NIRP  aggregate  demand  Dutch  Disease  distortion  financial  repression  macroeconomics  macroeconomic  policy  macroprudential  policy  microeconomic  policy  unemployment  OPEC 
february 2016 by asterisk2a
The lights are going out for solar energy
Back in December, when most people were focussed on Christmas and not renewable subsidies, the government quietly published their decision to cut Feed-in Tariffs for industries such as solar, wind and hydropower by a staggering 65 per cent. Included in the small print was analysis which showed a possible 19,000 job losses, mostly in solar, which would see that industry shrink to under half its size. [...] Instead the government is thinking short-term, and our economy will suffer. For a party that wants people to think of it as economically competent, this is an incredibly bad move.
energy  price  energy  policy  renewable  energy  Amber  Rudd  George  Osborne  David  Cameron  short-termism  trickle-down  economics  carbon  tax  fossil  fuel  nuclear  power  carbonfootprint  carbon  trading  scheme  carbonemission  COP21  competitive  competitiveness  industrial  policy  Steel  Industry  Aberdeen  subsidies  subsidizing  corporate  welfare  Makers  Career  Politicians  constituency  policy  folly  policy  error  Opportunism  opportunist  Party  Funding  Oil  price  commodity  prices 
february 2016 by asterisk2a
North Sea oil giant - do not risk the UK's 'engineering legacy' - BBC News
The whole sector is important, worth £27bn to the British economy. Malcolm Webb, the former chief executive of Oil and Gas UK, described it as a "core component of the UK's engineering and manufacturing base" which "enjoys a worldwide reputation for excellence and innovation honed over 40 years at the cutting edge of exploration and production". And it is for that reason that it is worth listening when Mr Keiller says that - despite the rapid fall in the oil price - the North Sea is still a vital part of the UK's manufacturing future. "We have a fantastic engineering skills base here in the UK," Mr Keiller said. "It creates high quality job opportunities that can be exported to many different countries around the world. I have people in Aberdeen designing the most sophisticated sub-sea oil and gas developments for deep water offshore for South America and Africa and elsewhere. "These high quality jobs can exist way beyond the life of the North Sea." [...] sector still employs 400k
UK  STEM  industrial  policy  Oil  price  Aberdeen  OPEC  renewable  energy  green  energy  engineering  engineer  Smart  Grid  professional  education  vocational  education 
august 2015 by asterisk2a
House prices rise in Scottish coastal towns - BBC News
The bank's researchers found that a number of coastal towns had seen "substantial" increases since 2005. Of 59 coastal towns surveyed, 15 recorded price increases of at least 50% in that time. Fraserburgh in Aberdeenshire experienced the biggest rise with a 109% jump from an average price of £63,540 in 2005 to £132,920 last year. Lerwick in Shetland, and Peterhead, also in Aberdeenshire, recorded increases of 102%. [...] Average prices in Lerwick rose from £77,500 to more than £156,000, while Peterhead jumped from £69,000 to £139,000. Partly due to the substantial rises in the top performing towns, the average house price in Scotland's seaside communities rose by 38% between 2005 and 2014 - exceeding the 31% increase for Britain as a whole. Nine of the 10 most expensive seaside towns are on the east coast and the 10 least expensive seaside towns are in western Scotland. // [ Oil Capital of Europe ]
capital  gains  income  growth  Gini  coefficient  income  inequality  inequality  housing  market  affordable  housing  property  bubble  UK  ZIRP  NIRP  QE  mortgage  market  Oil  price  Aberdeen  aberdeenshire 
may 2015 by asterisk2a
Royal Dutch Shell to buy BG Group in £47bn deal - BBC News
Defensive merger? The deal comes at a time of uncertainty for oil and gas companies. In the past six months the price of oil has fallen by about 50%. Meanwhile, analysts have warned that investment in North Sea oil exploration has all but dried up, threatening the entire industry. Last month, the Chancellor, George Osborne, lowered the supplementary corporation tax levied against oil companies that operate in the North Sea. BG Group warned in February that it would write down the value of its oil and gas assets by nearly £6bn ($9bn) due to the oil price slump. Similarly, Shell announced in January that it would be cutting spending by nearly £10bn over the next three years. As it announced the takeover bid, Shell said it expected to make asset sales totalling $30bn between 2016 and 2018, although it did not specify which assets it was reviewing for sale. - never let a crisis go to waste - http://www.bbc.co.uk/news/business-32217624
Oil  &  Gas  Industry  Aberdeen 
april 2015 by asterisk2a
Do you guys actually like living here? : Aberdeen
Seems like most of the responses are from folk that moved here for uni or work,
Aberdeen 
february 2015 by asterisk2a
BBC News - Oil firm Talisman Sinopec plans 300 North Sea job cuts
production cost higher, price lower, OPEC playing hard ball (it wants high production cost facilities (tar sands oil sands shale gas and expensive deep sea well operations and explorations to go bust under low oil prices for the next 6-12 months. it thinks it has the longer breath, deeper purse - HELLO WORLD!) = job cuts. first "asset" to go. --- BP, Shell, Chevron and Conoco Phillips have all announced reductions to their workforces recently. // http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4 &! http://www.vox.com/2014/12/16/7401705/oil-prices-falling &! http://www.bloomberg.com/news/2014-10-29/why-oil-prices-went-down-so-far-so-fast.html &! bit.ly/1COGvMx 35k jobs will be lost in 5 years &! the contrast of the working poor vs Millionaires - bit.ly/1yHz9tr &! bit.ly/1Gue1O6 "but the party is not over yet" bc this will pass too (OPEC's move/price war and global economy expectations 2015) &! 7k job cuts at Schlumberger bit.ly/158SetV &! bit.ly/1sXXs74
North  Sea  Oil  and  Gas  oilprice  price  UK  Aberdeen  global  economy  2015  general  election  2015  OPEC  shalegas  fracking  shale  tarsand  sands  political  theory  political  science  foreign  relations  foreign  affairs  foreign  policy  Middle  East 
january 2015 by asterisk2a
BBC News - Farewell to the mother of all depressions
[ THE RECOVERY, THE GLASS IS HALF FULL. PERIOD. ]But nonetheless many will be slightly depressed that although the service economy is now just under 3% bigger than it was at the peak, manufacturing is still more than 7% smaller, and the production industries as a whole have been diminished by 11%. As I have bored on about for a while, although it is heart-warming to see UK manufacturing growing right now, there has been no rebalancing of the economy back towards the makers. Also, within services, the contribution of shoppers to the recovery remains immense - and the retail trade made the biggest contribution to the latest quarter's services surge. That suggests we may be at a premature end to households' attempts to strengthen their finances and pay down debts - and shows that growth in the economy remains perilously sensitive to the cost of money.
UK  recovery  greatrecession  2014  Structural  Impediments  imbalance  faultlines  zombie  consumer  debtoverhang  Taper  ZIRP  NIRP  liquidity  trap  QE  negative  real  interest  rate  BOE  fiscal  policy  monetary  policy  austerity  greatdepression  lost  decade  lost  generation  George  Osborne  David  Cameron  working  poor  squeezed  middle  class  underemployed  IMF  infrastructure  investment  business  investment  productivity  output  gap  London  economies  of  agglomeration  Aberdeen  industrial  policy  comparative  advantage  competitiveness  competitive  advantage  tax  code  taxation  tax  avoidance  tax  evasion  tax  credit  tax  free  income  GFC  creditcrisis  creditcrunsh  balance  sheet  recession  deleveraging  sovereign  debt  crisis  Super  Cycle  manufacturing  Consumerism  consumerist  consumer  debt  reflation  equity  bubble  bond  bubble  household  debt  economic  history 
september 2014 by asterisk2a
BBC News - Scottish independence: The 'Scottish anomaly of Aberdeen'
"And in that respect it is not dissimilar to London - in fact it is doing better than London if you consider that contribution to the economy." You can see this impact in the escalating house prices or the bumper-to-bumper traffic jams on the roads each morning. One worker told me when he coached his son's football team, only three of the children on the pitch were Scottish. The oil industry makes Aberdeen incredibly multi-cultural and vibrant. Industry body Oil and Gas UK estimates about 450,000 people are employed in the sector - almost half of whom are based in Scotland. Those jobs are a big lure - they bring skills and talent, drive consumer spending, help fuel a buoyant housing market. The ripples from the energy sector can be felt across the region. Last year a record number of people travelled offshore for work - almost 62,000. About 80% of those were British. Only 3% were women. [...] The Scottish government says 90% of UK oil and gas reserves are in Scottish waters.
Aberdeen  aberdeenshire  Energy  Capital  Europe  Oil  Capital  Europe  Scottish  independence  referendum  Scottish  Scotland  2014  industrial  policy  infrastructure  investment  infrastructure 
june 2014 by asterisk2a
BBC News - UK's oil, coal and gas 'gone in five years'
"Britain has just 5.2 years of oil." Aberdeen companies (whole region) got 2 pivot 2 off-shore windfarm tech and maintenance and tidal wave technology [clean tech - clean energy technology]. PLUS there is the decommissioning business, decommissioning of oil and gas platforms. Plus the option of building/solidifying itself as knowledge and skill hub for global oil and gas business - the mobile creative / skill-based worker. Otherwise it could turn sour quiet quickly like the areas where the coal mines and other post-heavy industry locations in the UK were - them being still smudge of economic inactivity on UK's economic landscape and economic history. "Ministers are hoping that enough shale gas - extracted by fracking - will be obtained to make a difference, the BBC's environment analyst Roger Harrabin says." The gas amount from fracking in UK is negligible, not comparable to USA even if accounted 4 landmass size & energy usage/capita. + http://econ.st/1n8oyAZ http://econ.st/1gdiesV
UK  energy  security  energy  policy  industrial  policy  Aberdeen  renewable  energy  clean  tech  clean  energy  technology  Scotland  Scottish  Independence  economic  history  davidcameron  GeorgeOsborne  public  policy  green  energy  fracking  shalegas  shale  gas  2014  2015  nuclear  power  energy  crunch  brownouts  blackouts  competitiveness  Russian  Reliance  Europe  foreign  policy  foreign  affairs  Career  Politicians  accountability  governance  democracy  long-term  thinking  short-term  thinking  election  campaign  promises  general  election  2015 
may 2014 by asterisk2a
BBC Two - Mind the Gap: London v the Rest
Polarising UK. (1) http://en.wikipedia.org/wiki/London_Gateway (Port is a 50 year bet that London and surroundings will thrive further. Keeping Supply chains as tight as possible.) Most great careers are in the City. 58% of jobs need/have graduate qualification. City/London networking economics. Economies of Agglomeration. Proximity fuels productivity. + Connection to the world of business. Once you've attracted good neighbours, it attracts more people and more businesses to be there too. Self-fulfilling, once you reach critical mass, Tipping Point. Cotton Mills in the 19th century were build where the cotton planted. Corporations want to locate parts of their business were the resources are - the talent pool. And for data centres, where cheap energy is. // UK is now a two speed economy. London followed by the other big cities, followed by the rest of UK, rural UK. // There is no formula of success that other cities less prosperous could copy from London. It evolves. Bottom up growth.
urbanisation  urban  planning  London  Aberdeen  Glasgow  Edinburgh  Manchester  London  Gateway  infrastructure  investment  infrastructure  war  for  talent  war-for-talent  Top  commuting  Birmingham  Productivity  Networking  Economies  of  Agglomeration  Economics  Collaborative  collaboration  Competition  competitiveness  competitive  competitive  advantage  creative  job  creation  value  creation  NYC  Silicon  Valley  innovation  critical  mass  Tipping  Point  Pool  natural  resources  economic  history  ecosystem  creativity  face  to  face  interaction  creative  destruction  Battersea  Power  Station  Foreign  vehicle  Betongold  entrepreneurship  entrepreneur 
march 2014 by asterisk2a
BBC News - Scottish public spending deficit rises, say latest Gers figures
http://www.bbc.co.uk/news/uk-scotland-26538402 "In terms of productivity, the part of Britain that comes closest to inner London - though, admittedly, it's not that close - is the north-east of Scotland. That oil and gas factor shows it's as productive as Berkshire, Buckinghamshire and Oxfordshire. Broken down into 'sub-regions', Aberdeen city and Aberdeenshire together comprise the sixth most productive area per hour worked, while Edinburgh was ninth. At the wrong end of the table, rural areas dominate. Sorry to be the bearer of bad news to beautiful places, but within the UK's least productive 10 sub-regions are Orkney, the Scottish Borders and Caithness and Sutherland. It could be worse. You could be in Powys."
Scottish  Independence  budget  deficit  2013  Scotland  Aberdeen  productivity 
march 2014 by asterisk2a

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