Byers' enterprise initiatives come under attack

Article Abstract:

UK Secretary of State for Trade and Industry Stephen Byers has announced five new schemes designed to assist expanding, high-technology businesses. They include a new UK high-technology fund and plans for the country's first 'knowledge bank.' Some observers believe that there are now too many government enterprise initiatives, and claim that business may become confused about what is available. Prospective entrepreneurs have criticized the Capital Gains Tax reforms, intended to encourage long-term investment in small companies.

Public Finance Activities, Administration of General Economic Programs, Small Business, Small Business Aid Programs, Corporate Taxes-Savings Incentives, Finance, Tax policy, Small business assistance, Tax incentives

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Prescott backs new railway in Snowdonia

Article Abstract:

UK Deputy Prime Minister John Prescott has stated that he is in favour of approving plans to reconstruct the 25-mile Welsh Highland Railway, which runs from Porthmadog, Wales, to Dinas, near Caernarvon, Wales. However, a final decision will not be made until Ffestiniog Mountain Railway can prove that there would be no danger to passengers from rock falls. Opponents of the scheme feel that it will have a negative impact on Snowdonia National Park.

All Other Heavy Construction, Railroads Construction, Nature Parks and Other Similar Institutions, National Parks, Railroads, Environmental aspects, Railroad construction, Remodeling and renovation, National parks and reserves, Wales

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Productivity will be key challenge facing Brown

Article Abstract:

Growth in productivity, the amount of output produced by each worker, has fallen in the UK compared to an increase in growth in the rest of Europe and the US. It is acknowledged that whoever is in power after the General Election on June 7, 2001, will need to invest in communication and information technologies.

United States, Europe, Industrial Production, Analysis, Economic aspects, Economic policy, Industrial productivity, Labor productivity

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