Your daily media round up of all the key stories affecting local government
Today’s Guardian leads with the news that Energy Secretary Ed Davey will use a select committee appearance this afternoon to lay out plans to force energy companies to cut the number of tariffs to four and put consumers on the lowest one available to them.
The scheme, which could be in force by 2014, is an attempt to fulfil prime minister David Cameron’s surprise promise to ensure all energy consumers are automatically put on the lowest energy tariff suitable for them, the paper reports.
The Telegraph predicts the move could save families up to £300 a year, and notes that Mr Davey will today begin a short consultation on the scheme.
The UK’s financial system is less likely to suffer a “high impact” event such as a sovereign default or severe recession this year, according to the Bank of England’s twice-yearly systemic risk survey.
The survey of market sentiment found that only 20% of participants said such an event was likely to happen in the next 12 months, down from 36% in the spring, the FT reports.
Speaking on the Today Programme, Conservative universities and science minister David Willetts said that growth was the priority for the government and extra investment in the space and technology sector offered good prospects for economic growth.
Satellites and communication were crucial to future technology needs and he wanted to see the UK build on its strong existing position to become a world leader in a developing market.
Mr Willetts said that he had been reversing cuts in science spending that had been inherited from the previous government.
Local authorities have been forced to help out G4S after the security giant failed to deliver on time on another public sector contract, according to the Independent.Hundreds of asylum seekers in Yorkshire were left in council housing after G4S failed to meet a deadline to re-house them in private sector accommodation.
G4S was one of three firms awarded six contracts worth a total of £620m over seven years by UKBA for housing asylum seekers. The firm told said “any suggestion that G4S has rehoused people in poorer quality housing is simply not true”.
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