Archives for category: Finance

So says George Monbiot in the Guardian. He trounces Blairite MPs who, disloyal to their elected leader and helping to grant Theresa May a mandate, ‘tolerated anything the Labour party did under Blair’:

They “proclaim disenchantment now that it calls for the protection of the poor, the containment of the rich and the peaceful resolution of conflict.

The popularity of Corbyn’s recent policy announcements leads Monbiot to believe he has a chance, albeit slight, of turning this around. His pledge to raise the minimum wage to £10 an hour is supported by 71% of people, according to a ComRes poll; raising the top rate of tax is endorsed by 62%.

He cites Labour’s 10 pledges, placed some time ago on another website, which could – incorporated in its manifesto – appeal to almost everyone. They promote the theme of security:

secure employment rights,

secure access to housing,

secure public services,

a secure living world.

Compare this with the attitude of the major funder of the Brexit campaign, billionaire Peter Hargreaves: ‘Insecurity is fantastic’.

Those who question Corbyn’s lack of experience and competence should remember where more ‘credible’ politicians led us:

  • Blair’s powers of persuasion led to the Iraq war.
  • Gordon Brown’s reputation for prudence blinded people to the financial disaster he was helping to engineer, through the confidence he vested in the banks.
  • Cameron’s smooth assurance caused the greatest national crisis since the second world war.
  • May’s calculating tenacity is likely to exacerbate it.

A progressive alliance/tactical voting?

Much advice follows; the most congenial is that Labour should embrace the offer of a tactical alliance with other parties:

“The Greens have already stood aside in Ealing Central and Acton, to help the Labour MP there defend her seat. Labour should reciprocate by withdrawing from Caroline Lucas’s constituency of Brighton Pavilion. Such deals could be made all over the country: and as the thinktank Compass shows, they enhance the chances of knocking the Tories out of government . . .”

Monbiot ends:

“The choice before us is as follows: a party that, through strong leadership and iron discipline, allows three million children to go hungry while hedge fund bosses stash their money in the Caribbean, and a party that hopes, however untidily, to make this a kinder, more equal, more inclusive nation I will vote Labour on 8 June . . . I urge you to do the same”.

 

 

 

Two candidates for the West Midlands Mayor have committed to conducting pilots into the Universal Basic Income (Labour and Greens) and the Conservative candidate has said on record he is fascinated by the proposal, although doesn’t commit to a pilot. And today, Ontario, Canada’s largest province, has become the latest to announce a universal basic income trial.

Are enough people talking about it in Birmingham? No!

Today Jeremy Heighway (WM New Economics Group) a UBI advocate who currently works in Leipzig, sent news of an action on Sat 29th April. Meet: New Street, Birmingham (Bullring end, in front of Carphone Warehouse) from 10:45am. Action: 11:00am-11:45am

A Basic Income Street where everyone had a universal basic income would be fun! Music/creative arts is essential, otherwise it’s just a street stall. People from volunteering organisations, educational institutions, health/carers sector and so on, with info stalls and banners saying why they have their place in a basic income street, would be welcomed.

Fake cheques on which people say what they would do differently if they had UBI and leave their name, contact (optional) and postcode. They take half the cheque with message and link to website and the campaign collects the stories, maps where they are from, and sends a follow up message. The answers will be taken later to the winning candidate (with extra additions from other civil society institutions that we know).

Becca Kirkpatrick lists volunteer roles on day:

  • refreshments for volunteers
  • stall coordinator
  • volunteer coordinator
  • media coordinator
  • set up and pack down
  • photographer

Contact: 07584 350039 or at wmbiuk@outlook.com 

Next event

Read more here:

https://www.facebook.com/events/1788484311465670/

https://www.facebook.com/groups/WestMidsBIUK/

 

 

 

 

As the council has been planning the development of the wholesale markets and Birmingham Smithfield, it is alleged that the indoor, outdoor and rag markets are no longer properly promoted, local roads have been closed, buses have been re-routed with drop-off points moved away from the markets, and so the traders have seen a marked reduction in their footfall and income.

Duncan Tift reports, in Business Desk, that stall-holders from Birmingham’s Bull Ring outdoor market (see history here) have filed a suit against the city council. Around 30 tenant traders have been in dispute with their local authority landlord since 2010, when their previous leases expired, and they claim all requests for new leases have since been ignored. Because the council won’t give them new leases they cannot sell their businesses, relocate or retire.

The 13 stall-holders involved are being advised on a pro-bono basis by Jonathan Owen, the founder and joint managing director of Quarterbridge Project Management, who will also act as an expert witness (see our reference in a 2011 markets blog). He knows the market, its traders and city centre well, having advised the Birmingham Alliance which delivered the £530m Bull Ring redevelopment. Mr Owen said the stall-holders, many of whom had been trading at the market for most of their working lives, had been shabbily treated by the council.

Liberal Democrat Mayoral candidate, Beverley Nielsen, visited the market and said afterwards: “I’d seen so much about the wholesale markets being relocated to The Hub, in Witton and wondered what was happening to the traders still using stalls around the Bullring. I was dismayed to discover they’d been in dispute with the council for years.”

Ms Nielsen’s proposal: ”The local authority should be using the market’s heritage to attract visitors to the city and use the facility as a tourist attraction in the same way as European cities such as Barcelona, Rotterdam (Ed: above) and Valencia”.

 

 

 

””””””””””””””””””””””””

Comments on an FT article by Philip Stephens 

No policies? Every time I see Jeremy Corbyn being interviewed or giving speeches he is addressing these very issues and more.

“Who can worry about housing, schools or transport, let alone the mundane aspirations of Middle England, ahead of the great liberation struggles.” I don’t know where Philip Stephens has been but every time I see Jeremy Corbyn being interviewed or giving speeches he is addressing these very issues and more.

I would suggest he and the Labour party have lost the working-class vote thanks to the previous Blair government being non representative of them.  Remember Mandelson talking about being: ” Intensely relaxed about people getting filthy rich as long as they pay their taxes…?” Corbyn has also suffered very badly by the press.  Mrs May has profited by Cameron’s mistake and badly handled Remain campaign and we are now at the mercy of this unelected PM and her party… (see also JC policy docs here)

Philip Stephens creates a narrative that doesn’t fit the facts. Corbyn has delivered effective attacks on the Government on welfare, the NHS and housing, some producing small U-turns.

He also travelled up and down the country campaigning to Remain. The problem was he and the Labour Party failed to breakthrough the media ignoring their campaign and focussing (in terms of the Remain argument) exclusively on the pathetic and useless official Remain campaign. Jeremy has been democratically elected twice to be leader. His record should in no way be considered dismal. He has consistently delivered his honestly and long-held beliefs.

Rubbish analysis as per usual although the historical throwback is well put.

Corbyn does care about housing, education, schools, middle england, under invested regions (it was Corbyn who was talking about a migrant impact fund), transition to Green energy.

Corbyn far-left? Inaccurate and “un-FT”. Corbyn seems to be a middle of the road socialist, at least by normal European standards.

Far-left policies include abolishing private healthcare, private education, the monarchy, making all third-level education free, nationalising banks and railways and a number of other things, some of which would probably be quite good for the country.

As it is, Corbyn seems to be a middle of the road socialist, at least by normal European standards. Far-left European politicians would include Vladimir Lenin, Rosa Luxembourg, Alexander Lukashenko and any number of dictatorial 1980s Communist party secretaries in Warsaw Pact-era eastern Europe. Jeremy Corbyn is quite clearly not in that zone unless one is a swivel-eyed Daily Mail reader.

A question: When Brexit is done and May is left standing there blinking vaguely and surrounded by the wreckage of the economy where will the Conservative Party be in the eyes of the electorate?

Its reputation for sound economic management will have been trashed along with the economic damage it has just imposed on the country so who wins?

Philip you are doing the FT (and its readers) a signal disservice by misunderstanding Corbyn and the Labour left.

Copeland was never likely to vote for an anti nuclear Labour Party – and well you know that. The wonder is that the Labour Party nearly won the seat despite being clearly antagonistic to the existence of the region’s biggest employer. WE, the subscribers to the FT, expect objective reporting that enables good decision making.

Corbyn and labour can’t win at the moment, if they go to the middle and ignore the democratisation of their party they will lose, if they stay a democratic left party the boomers and those with assets won’t vote for them as they fear socialism

Meanwhile the millennials and future generations bear the brunt of public debt created privately, and shareholder capitalism which is a race to the bottom, generation rent, and the absurd 40% of income rent costs in areas where there are plentiful jobs and opportunity epitomises the modern day surplus extraction and misery of those who have not lived among the golden age of capitalism, add tuition fees, stagnating public services (NHS), erosion of employment rights and you can see why Corbyn is confident among that 20% (of which I’m a part, ha ha ha, how funny he’s so inept ha ha ha lets all laugh at corbyn because there are so many other alternatives out there that are SO much better).

The Tories will continue their irrational, economically illiterate policy that is not running the country into the ground but causing growing social issues, and new social actors will emerge from the post 2008 age eventually tipping the balance towards something more corbyn-esque. Until then it will be the same old, same old.

Corbyn’s crackpot policies are simply outrageous! Spending a little more on the NHS and primary school education?  Providing a bit more affordable housing in the midst of a housing crisis? 

Failing to asset strip the public infrastructure? Rowing back a bit on the vast, exploitative Sports Direct-ification of the British economy?  Why, this is simply unpatriotic! How “radical” – somebody stop this crazed moderate, centre-left European-style social democrat Corbyn before my taxes end up a little bit higher and the proles end up with a slightly better quality of life!

God forbid that poorer people should ever have slightly better quality of life. Who knows where that might end? It’s better not to give people hope. It just encourages them to think. 

I agree.  Britain’s low wage, low skill, low investment, low productivity economy would be severely jeopardised by the dangerous, radical policies of Jeremy Corbyn. Sure, he’s languishing in the polls now, but the proles are a fickle lot and cannot be trusted to consistently vote for their own impoverishment. What if Corbyn dons a Union Jack leotard and starts leaping up to belt out a few verses of ‘God Save The Queen’ with gusto on the next campaign trail, waving a couple of flags about like the dickens.  Why, the proles might even be duped by this charade into voting him into office! This would leave us all at the mercy of an outbreak of half-decent working and housing conditions for the proles at any time.  This simply would not do, too much has already been invested by the Conservatives in their cooption of UKIP’s policy platform!

There was no money left. The Tories have just borrowed billions. The crash will be spectacular.

This article is high in the running for one of the worst I have read in the FT in years.  We are in the end times of Neo-Liberalism, an experiment where maybe 20% did very well, and 80% were massively left behind.

Corbyn, Trump, Brexit are consequences of a system that has failed, and a financial system that collapsed in 2008, never a crisis always a collapse.  Stevens has no understanding of the why’s of brexit or the rise of Corbyn.  The left-right paradigm is dead.  I could not find one sentence in this article that is not total ideological nonsense.

If Jeremy has got under the skin of Philip Stephens so badly he must be doing something right.

Most Labour MPs and most journalists hate Corbyn as if he were the devil.  He represents the one pole of the process of polarisation caused by the 2007-9 Great Recession and the continuing crisis of world capitalism.

Let there be no mistake. The reason Philip Stephens is so horrified is because if his buddies amongst the old Labour MPs who are career politicians, were instead people of principle and socialists, then the Labour Party would be challenging for power.

The lesson of our era is the fluidity and rapidity of change. If Corbyn is right, (and I think there is lots of evidence to back him up), if he can be seen to be a leader of masses on protests and demonstrations, this will sharply polarise politics and this may match a simultaneous collapse in Tory support.  The Labour MPs who are resigning and trying to oust Corbyn again with their endless press briefings against him are part of a deliberate coup attempt. This time a sort of coup by water torture. They will fail again. The only major criticism one can make of Corbyn is he is too soft on these saboteurs. There are times when a sword must be wielded.

The worrying thing about this analysis is, his policies weren’t even that far left, they were definitely more central than Thatcher’s. Yet the FT reports this as if he’s Lenin/Kim Jung Un etc. His biggest failing for the press is he wants a meritocracy and for companies which require state support (through the use of tax credits to prop up salaries and increase profits and bonuses) to not pay dividends, which is effectively the Government paying the rich in an indirect way. Yes he has his failings, as does everyone, but generally speaking a lot of his economic policies would work fairly well at creating a long term balanced economy.

Corbyn, and his anointed heir, need to show there is an alternative to the Conservative Creed. Perhaps he needs to lose an election to clear out the MPs who are undermining him.

Perhaps this will result in his own political demise. But if he has a suitable succession plan in place then his success will come after he is gone. With the LabouraTory MPs planked off the sinking ship, seats will be freed for real Labour candidates for the subsequent election.

Facetious commentary. Corbyn has inherited a mess of a party with crumbling membership and totally out of touch MPs.

Time and time again polls have shown that the public want a ring fenced NHS, working railways and better care for the elderly, sick and disabled. To finance that he has stated that he will increase funding to the HMRC so that it can go after companies that are not paying their taxes (last year’s estimated unpaid tax was £34 Billion) which is probably why this article has been written in the style it has.

People want the state to intervene if something isn’t working. The current level of income disparity is something that is directly affecting the world by creating the perfect soil for fascism. Yet no other political leader wants to do anything about it (since it will affect their careers after being an MP). 

Versus the CIA and capitalism he is the best chance we have of having a fair society

Peter Madeley (Express and Star) writes, On the face of it, £392 million sounds like a fair amount of money to fire up the Midlands Engine”. This is, however, covering four years’ expenditure spread thinly across the Government-defined Midlands area which takes in the entire middle of England, stretching from The Marches close to the Welsh border to East Lincolnshire on the North Sea coast.

Sajid Javid who will be overseeing the Midlands Engine

George Morran’s first comment on this article is that without the right investment the so-called Midland Engine will soon begin to stutter and run out of steam. He suspects that for the vast majority of people in the West Midlands it hasn’t even started. He continues:

The proposals announced last week which gave the chancellor some photos opportunities are tiny in relation to the region’s needs and the cuts in public expenditure already made since 2010 and more to come.

The measures are the creation of Whitehall and their business-led agents working behind closed doors. They have absolutely no local ownership outside the political and business elites. I suspect most local councillors haven’t a clue what’s going on so what chance have voters?

Whitehall’s support for a Midlands delivery agent for its ideas goes back to the 1990s as a counter to New Labour’s aim to establish eight Regional Assemblies and Development Agencies across England outside London including the West and East Midlands. Whitehall’s motive was and is to keep control and not to allow real power to be put in the hands of those it regards as unsafe.

The needs of the West Midlands and the other English Regions will only be realised if there is a real transfer of power and elected representation from Westminster to the regions and a far more localised local government underpinned by a more proportional voting system to ensure cross party and geographical support.

Voters in Scotland look likely to have another chance to go independent. A counter would be to offer the nations and the English Regions equal status in a new Federal UK

And a refocused and smaller Westminster.

A significant omission

This letter was published in the Express and Star but a key paragraph (above, in bold) was omitted. George wrote again:

These measures were edited out of my original text and may have implied taking government away from the local. My intention is that powers and representative Government have to be moved from London to the Region and the local as part of a new democratically accountable settlement replacing the increasingly opaque, distant and anonymous government taking decisions about our future.

I would be grateful if you would correct the impression that was given.

 

 

 

 

In 2016, though the price of oil was low, average bus fares rose three times faster than the consumer prices index. The statistics report presented by government for 2015/6 was precise: “Between March 2011 and March 2016, the average annual percentage change in bus fares was 3.8% higher than the average annual rate of inflation (2.3%)”. Families who can’t afford a car can find travelling by bus costs more than taking a taxi.

Theresa May: “We will do everything we can to give you more control over your lives” (first speech as leader)

But reduced central funding means that as many bus services have been ‘axed’ people actually have less control:

  • Without accessible or affordable transport, adults in ‘just about managing’ [JAM] families will be less able to travel to work or to medical and other appointments.
  • Some feel compelled to go into debt to buy cars they wouldn’t need if bus services were reliable and affordable..

Due to government funding cuts, town hall chiefs have announced that councils have been forced to reduce bus services by more than 12% in the past year.

They  are calling on the Government to fully fund the Concessionary Fares scheme, and for the devolution of the £250m Bus Service Operators Grant scheme that refunds some of the fuel duty incurred by operators of registered local bus services. The grant was kept at 81% until April 2012, when it was reduced by 20%. The current payment rate is the lowest ever percentage since the rebate’s inception in the 1960s.

Theresa May: “When it comes to opportunity, we won’t entrench the advantages of the fortunate few, we will do everything we can to help anybody”.

But government actions belied these fine words; her chancellor announced a fuel duty freeze whichhe saidwill cost taxpayers a predicted £850m in the first year alone and really help the ‘fortunate few’ running the largest cars, not the JAM families.

 

 

 

 

Its message: the greatest need is for affordable rented housing in urban areas. Any solution to Britain’s housing crisis must include a bigger contribution from the public sector. Rather than coercive measures, the focus should be on enabling local authorities and housing associations that wish to build social housing.

Shame is poured on George Osborne’s ‘massive’ reduction of Housing Associations’ capability to invest in new housing with a 1% rent reduction per annum for 5 years: “Social housing rents are already at a large discount to private landlord rents, so this ill-advised move in one go, reduced the capital raising capability of Housing Associations”.

The FT thinks that local authorities should be allowed to:

  • set planning fees,
  • to levy taxes on idle land when developers fail to use planning permissions
  • and, crucially, to borrow in order to fund their own social housing developments.

There is a great deal that can still be done by making better use of brownfield sites and releasing public land for development. An annual tax should be levied on undeveloped land that has residential planning permission but has not been developed whether publicly-owned, or land owned privately, by companies, NGOs or agencies.

Mixed developments are being built, income from sales invested in social housing

At the end of March, Birmingham’s council newsletter reported on the completion of 251 ‘quality’ homes in Erdington. There is a mixture of social housing and houses for sale, for a range of family sizes – from one to five bedroom properties.  The income gained from houses sold from this latest development will be reinvested into the council’s housing stock of social housing. News of other social and affordable new housing in the city may be read here. Today we are reminded that a four year programme has been set up to enlist smaller housebuilders to use smaller plots of land.

Birmingham City Council won Social Housing Provider of the Year’ at the Insider Residential Property Awards in 2016. This highlighted the work of the Birmingham Municipal Housing Trust (BMHT, currently the largest provider of affordable homes per annum in the Midlands with projects in Nechells, Sutton Coldfield and Ladywood. In 2015, BMHT also won the Public Sector Award at the Urban Design Awards for its Newtown redevelopment (See architect Joe Holyoak’s article – one photo above.).

BMHT celebrated the completion of its 2,000 home milestone in March – a culmination of 1,125 homes built for rent and almost 900 built for sale since the council launched the BMHT programme.  The council plans to build around 1,800 further new homes for rent and market sale between now and 2020 in order to close the city’s housing gap.

 

The agenda will include RMT’s concern about driver-only-operated trains on Southern Railways and Northern railways. Pat Collins, former RMT Executive member, will speak on the industrial action being taken.

Quoted in an RMT report: “Only a fool would suggest that drivers can drive a train while sorting out drunken and/or antisocial behaviour in the carriages behind them”

The Department for Transport wants a significant expansion of Driver Only Operation (DOO), introducing it on the Northern and Great Western franchises, with a target of around 50%. Laura Kuenssberg (impartial BBC) reports that the ambition is to bring down the cost of rail travel for the tax payer and the train passenger – not to increase shareholder dividends.

A list of incidents given in a 2016 government dossier set out the risks associated with working on electrified lines, ending:

“These are only a sample of the 35 areas of safety responsible duties they perform. When there is an emergency the guard can take charge especially if the train driver is incapacitated”.

James Grant, an experienced train driver has highlighted questions as to whether drivers can safely close train doors at stations on ‘guardless’ trains – and other issues.

A recent issue of Private Eye said that Mr Grant doesn’t work for Southern but has taken the controls of many driver-only-operated (DOO) trains elsewhere. Earlier in his career as a British Rail guard, Mr Grant often had to put his safetv training to use.

“I ended up having to deal with fires on trains, fires on stations, hooligans trying to wreck the train, assaults on passengers, assaults on revenue protection staff, passengers taken ill, drunk passengers. passengers on drugs, attempted sexual assaults, passenger accidents and injuries and major disruption. l was able to stop a lot of incidents occurring however, just by my presence on the train, and where things did go wrong I was able to help stop the situation from becoming worse”. During prolonged delays he dissuaded passengers from jumping on to the track.

His verdict? DOO can be reasonably safe if the best monitoring equipment is priorities and properly maintained, so long as the stations always have staff available to help, railway police respond quickly to emergency calls from a DOO train and the trains are short: “A driver cannot be expected to be able to deal effectively with emergencies in vehicle 11 or 12 of a 12-car train. If the train is stopped on a curve or under a bridge, how can a driver even see if the last vehicle is on fire?”

Smaller stations do not have staff who could help the driver by acting as a guard before departure. Recently this writer was saved from being trapped by a guard bellowing from the platform at the rear of the train, as she was entering a door which was just about to close automatically. That station only has one member of staff, manning the ticket office downstairs – in off-peak hours there is no-one.

There have been numerous safety incidents on DOO services and RMT believes that the public is safer with a fully safety-trained guard on board who knows how the railway operates. The campaign to save the guards has been backed by numerous councillors, transport bodies, passenger groups, disability groups and MPs; after reading about Mr Grant’s experience and looking at the dossier, others will share their concern.

 

 

 

 

 

David Lowe (Commercial Boat Operators Association) sends news of a noteworthy event, which preceded the ‘Hydrogen and Fuel Cells into the Mainstream’ Conference, covered on this site in February.

The programme brought together 11 European micro FC-CHP manufacturers into a common analysis framework to deliver trials across all of the available fuel cell CHP technologies. Fuel cell micro-CHP trials will be installed and actively monitored in dwellings across the range of European domestic heating markets, dwelling types and climatic zones, which will lead to an invaluable dataset on domestic energy consumption and micro-CHP applicability across Europe.

By learning the practicalities of installing and supporting a fleet of fuel cells with real customers, ene.field partners will take the final step before they can begin commercial roll-out. An increase in volume deployment for the manufacturers involved will stimulate cost reduction of the technology by enabling a move from hand-built products towards serial production and tooling.

The ene.field project brings together over 30 utilities, housing providers and municipalities to bring the products to market explore different business models for micro-CHP deployment.

It is the largest European demonstration project of the latest smart energy solution for private homes, micro-CHP. Up to 1,000 households across Europe will be able to experience the benefits of this new energy solution. The five-year project uses modern fuel cell technology to produce heat and electricity in households and empowers them in their electricity and heat choices. It is co-funded by the Fuel Cells and Hydrogen Joint Undertaking  and brings together 27 partners, including 10 European manufacturers who will make the products available across 11 European countries.

“A step change in the volume of fuel cell micro-CHP deployment in Europe and a meaningful step towards commercialisation of the technology”.

 

 

 

This news was sent by Aldo Mussi, Tutor-Activist in Health Promotion/Public Health, Public Health teaching team Birmingham City University. He writes:

“Climate change is not only a pressing public health, ecological and justice concern – it’s increasingly a financial worry. With fossils fuels increasingly seen as a liability, the shift by investors away from this old technology is growing”.

At the end of 2016 Arabella Advisors reported that 688 organizations ― including some charities, faith-based groups, universities and local governments ― and 58,399 individuals across 76 countries have committed to pulling their money out of oil, gas and coal companies.

In keeping with that trend, in November 2015 Aldo had welcomed reports that BCU was in the top 16 of British universities which had started ‘divesting’ from fossil fuels. (The top 10 were divesting completely, while the fund managers for BCU and others were merely fleeing tar sands & coal (the dirtiest fuels). Others have joined the trend since then, but BCU is still in the top 25% of universities who have made the move.

People & Planet (a national network of student eco-societies) publish a ‘green league table’ of British universities, and in the 2016 results, it’s good to see BCU placed 31 out of 150 institutions (top of the list of those awarded a ‘2.1’, but frustratingly just missing out on a ‘First’).

Birmingham City University People & Planet University League 2016 Scorecard:

1. Environmental Sustainability; Policy and Strategy 100

2. Human Resources for Sustainability 40

3. Environmental Auditing & Management Systems 100

4. Ethical Investment 0

5. Carbon Management 35

6. Workers Rights 15

7. Sustainable Food 60

8. Staff and Student Engagement 20

9. Education for Sustainable Development 35

10. Energy Sources 31

11. Waste and Recycling 76

12. Carbon Reduction 78

13. Water Reduction 50

Aldo comments, “A quick look at BCU’s scorecard (below) raises an obvious question: If we are at the forefront of divestment, why did we score a zero for ‘Ethical Investment’? It turns out that People & Planet’s criteria depend largely on being able to audit an institution’s published policies, including an Ethical Investment policy. BCU had not yet published one, so that counted against us. Interestingly, had it been published, our partial divestment would have counted for a score of 5% – possibly enough to push us up into a ‘First’ next time? It seems that BCU management may be addressing this in the near future, so I’m hoping I’ll be able to report even better news soon…”