LINSTOCK’S FRIDAY TAKEAWAY – 25 NOVEMBER 2016

“With an NSPCC helpline for footballers receiving 50 calls in its first two hours, an avalanche of cases could be damaging to the reputation of England’s national game”

Good Week: Cyber-Security

£5m plans to convert Bletchley Park, the site of secret code-deciphering projects during World War Two, into a training college for talented 16-19 year olds have been announced. 40% of the curriculum will focus on cyber-security with an extra focus on maths, physics, or economics. This comes after the recent cyber-attacks on Tesco Bank and, this week, French construction firm Vinci. There have been repeated warnings about the lack of skilled workers for cyber-security in the UK, despite increasingly sophisticated cyber-attacks, with Home Secretary Lord Reid saying it had become vital to build the “talent pool” for cyber-defence.

Bad Week: English Football

Several former football players have come forward to say that they were sexually abused as children by adults at football clubs. Former Crewe player Paul Walters said English football could face allegations on a scale as great as the Jimmy Savile scandal, speaking from his personal experience of abuse between the ages of 11 and 15. With an NSPCC helpline for footballers receiving 50 calls in its first two hours, an avalanche of cases could be damaging to the reputation of England’s national game. Particularly if there are accusations that not enough was done to protect children or that complaints were not taken seriously.

Good Week: British Schools

The proportion of good and outstanding primary and secondary schools is increasing, Ofsted has announced. In their most recent inspections, 89% of schools were rated as good or higher, up by 5% from this time last year, while figures show there are now 1.8m more pupils in good or outstanding schools than in 2010. Though there remains a gap between the standard of Northern and Southern secondary schools, Malcolm Trobe, interim General Secretary of the Association of School and College Leaders, said: “These outcomes are particularly impressive given that there is a crisis in teacher recruitment and retention, and severe funding pressures.”

Bad Week: UK Economy

The Office for Budget Responsibility (OBR) has forecast that the government will need to borrow an extra £122bn over the next five years, with £59bn of that a direct result of Brexit. Announcing the Autumn Statement, Chancellor Philip Hammond said Brexit “makes more urgent than ever the need to tackle our economy’s long-term weaknesses, like the productivity gap, the housing challenge, and the damaging imbalance in economic growth and prosperity across our country.” The OBR has cautioned that uncertainty over the nature of Brexit clouds these forecasts.

Linstock News

Managing Director Jon Bennett attended the Care Homes & Retirement Living Conference this week.

Client News

Retirement Advantage’s analysis of the reasons why people unlock the wealth from their properties in retirement featured in Mortgage Introducer.

Coming Up

We will be attending the PRCA Research Group’s ‘Political Polling Under the Microscope’ event, to discuss the challenges faced by the polling industry in today’s political landscape.