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Philip Hammond is a hypocrite when it comes to low pay

first_imgFriday 7 June 2019 3:33 pm Opinion One way to mitigate that risk might be to take someone on with low basic pay but offer them a bonus or commission, or for them to start on low pay for a trial period with the prospect of a higher-paid permanent job if it works out. Another priority to address is the Universal Credit earnings taper rate. Changing this would help make it more rewarding to be in work, rather than on welfare. whatsapp Secondly, we don’t know the counterfactual. Unemployment has fallen, but it might have fallen further without a minimum wage. Harry PhibbsHarry Phibbs is a journalist at Conservative Home. Raising the threshold would require the chancellor to find some savings in state spending. That’s more challenging than just imposing a requirement on someone else and claiming the credit for it. But it would not be impossible to achieve. Philip Hammond’s virtue signalling on low pay is hypocritical More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com There is something awfully hypocritical about Philip Hammond and the government decrying “unacceptable” low levels of pay by employers, then grabbing a chunk of a salary so that it is even lower when it finally gets to the employee. Overall, it’s quite possible that the national living wage simply hasn’t made much difference on employment. However, if it was sharply increased, then it could start to bite. Instead of being merely a gimmick, it would become a serious job destruction mechanism. Government meddling in setting pay rates just gets in the way. It makes it harder to take the risk of employing a new member of staff. So, he is attempting a bit of virtue signalling and claiming that he is helping the poor by using state regulation to require that they be paid more. “The Low Pay Commission will deliver on its remit for the national living wage to reach 60 per cent of median earnings by 2020,” Hammond says. “But later this year, we will need to set a new remit beyond 2020.” Hammond is fond of reminding his critics that his demise has been predicted before. Yet while the Tory leadership contenders may differ as to the merits of a no-deal Brexit, there is a consensus from them that we need lower taxes. Currently, the national living wage is £8.21 an hour. It could be argued that the economy has managed to absorb it pretty well. But there are two caveats. Real-world economics First of all, that is the rate for those aged 25 and older. If it was applied to teenagers as well it would be far more damaging. In the real world, pay is determined by a competitive labour market. Businessmen take natural pride in expanding their companies and taking on more staff. But they need confidence that it will make financial sense to do so. The same goes for the person taking the job. It is about voluntary contract, not “exploitation”. Even the Institute for Fiscal Studies – hardly an outfit of free market purists – has warned politicians against a “bidding war” over the minimum wage, on the grounds that pushing up labour costs would hasten automation and a switch to capital-intensive production. Before the Universal Credit reforms, people who accepted work really did end up with less money. This is no longer the case, but the taper rate means that for each £1 earned, 63p in benefits is lost. That is simply too steep for a “taper”. After all, the Laffer Curve applies to the poor as well as the rich, so reducing the taper would reward work just as tax cuts do. Some workers might prefer lower pay in return for being able to choose their hours – this might suit working mothers looking for part-time work. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Employees have to hand over 12 per cent of their earnings to the government on anything over £166 a week, so somebody on the national living wage working a 40-hour week has a significant tax bill. Share Philip Hammond may soon be out of a job. In fact, I would be very surprised if he remains chancellor of the Exchequer for more than a day or two after our new Prime Minister is chosen. The first priority should be a sharp rise in the threshold for national insurance contributions. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likelivestly.comTake A Look Inside The Place Chip And Joanna Gaines Call Homelivestly.comZenLifeMag.comThese Easily Available Foods Naturally Clear Your Arteries and Protect You from Heart AttacksZenLifeMag.comZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldRethink StyleYou’ll Be Shocked To Know Who Bree Oslon Is Dating NowRethink StyleSoo Magazine23 Hairstyles That Will Make You Look YoungerSoo MagazineManuka Feed10 Uses for Honey Your Doctor Doesn’t Want You to KnowManuka FeedSupportPets.comIf Your Dog Keeps You Calm, Read ThisSupportPets.comMegazinosOver 45? Stay Away From These HaircutsMegazinosMagellan TimesJada Pinkett Smith Opened Up About Her Son Saying The Words No Mom Wants To HearMagellan Times All of this has Hammond reaching for the smelling salts, so he will have to go. Perhaps he senses that this time it really will be the end. Thus, he is on a last minute scramble for a “legacy”. Tricky, as he hasn’t really done very much. For example, Jeremy Hunt promises that he would cut corporation tax to 12.5 per cent – the same level as in Ireland, where setting the rate so low has proven a great spur to economic growth. Similarly, Dominic Raab wants to cut the basic rate by a penny a year, and Matt Hancock proposes £5bn of tax cuts for small firms. whatsapp There are alternatives the government could take that would help the low paid, and would also help reduce unemployment, rather than endangering jobs. What would really help Tags: Philip Hammond Taxlast_img read more

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Eurozone confidence takes a surprise upturn but is still low

first_img whatsapp Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Tags: Eurozone Confidence in the Eurozone edged up slightly in October after four months of not growing.The Economic Sentiment Indicator published by the European Commission yesterday picked up by 0.8 points to 100.7.Despite the rise the figure is much lower than it was earlier in the year. It was propped up by increased confidence in Germany, France and Italy. Spanish economic sentiment dropped slightly.“The European Commission’s survey eases pressure on the ECB to come up with any more stimulative measures in the near-term and seemingly gives it a little more breathing space while its June and September initiatives increasingly kick in,” said economist Howard Archer of analytics firm IHS.Recent survey data shows that the Eurozone could be about to enter recession for the third time since the financial crisis.Economic growth was zero in the second quarter of the year and conditions do not appear to have eased since. The economist’s definition of a recession is two consecutive quarters of negative growth.Last week officials at the European Central Bank began asset purchases aimed at boosting economic growth. Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap Thursday 30 October 2014 8:32 pm center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorWarped SpeedOnly True Americans Can Ace This Geography QuizWarped SpeedGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Eurozone confidence takes a surprise upturn but is still low Share Show Comments ▼last_img read more

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News / Are the US west coast ports ‘big ship-ready’ – or perhaps not quite yet?

first_img Christmas saw the 17,859 teu CMA CGM Benjamin Franklin become the largest container vessel ever to call at a US port when it arrived at Los Angeles from China on December 26 (pictured).The deployment of the newbuild ultra-large container vessel (ULCV) to the transpacific route, which also included a call at the neighbouring port of Oakland, was regarded by some analysts as a test of the capacity of US west coast ports to handle the biggest boxships afloat that had hitherto been regarded as only being viable on the Asia-Europe tradelanes.To all intents and purposes, the call at APM Terminals’ Pier 400 in LA was a resounding success: an exchange of 11,200 containers in a 56-hour stay included the deployment of up to nine gantry cranes.According to CMA CGM’s forward plan, the new ship is scheduled to make a return call to the USWC in mid-February as part one of the loops of the Ocean 3 network, which normally operates with seven ships of around 11,400 teu.It would be a very big step-up for USWC ports, and not least for their landside operations, to handle ships as big as the CMA CGM Benjamin Franklin on a regular basis, and if its further calls prove equally seamless then other carriers will no doubt look to follow in the French container line’s lead.Indeed, with many more of these behemoths due this year, and the European market showing no immediate signs of improvement, ocean carriers will be relieved that they could be saved the embarrassment of laying-up a newbuild ULCV by redeploying the ships on the transpacific route, albeit on a temporary basis.Drewry notes that there are now more than 50 ships of 10,000 teu or above deployed on the Asia-USWC route, whereas at the beginning of 2014 there were only 14 on the tradelane.However, a rush of these new breed of ULCVs to the transpacific trade could herald big problems for USWC ports, suggests Drewry – as it had at European ports that had already graduated to accommodating regular visits from 13,000 teu ships – the previous workhorses of the trade.Drewry highlights the additional quayside problem for terminals working the ships in that their size, in terms of length overall, has not increased in proportion with their teu intake.The unkindly dubbed “fat ladies” have just got wider and deeper, and boxes are stacked higher, thus the number of gantry cranes allocated to the operation cannot be increased in direct proportion to the ship’s size.Moreover, as has already been experienced at US west coast ports with previous vessel upgrades, more cargo squeezed onto fewer ships equals greater container transport peaks and additional pinch points in the supply chain.Notwithstanding ad-hoc calls, Drewry concludes that until productivity is improved at USWC ports, particularly in regard to landside efficiency, they are not yet in a position to handle 18,000 teu containerships on a regular basis. By Mike Wackett 04/01/2016 Port of Los Angeleslast_img read more

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Cleveland Clinic reevaluating alternative medicine offerings amid uproar over vaccine rant

first_img Courtesy Cleveland Clinic CLEVELAND — After the director of its Wellness Institute was forced to walk back an anti-vaccine blog post over the weekend, the Cleveland Clinic revealed Monday that it has already spent months reevaluating the institute’s focus and expects to halt the sale of some alternative medicine products.Clinic spokeswoman Eileen Shiel told STAT that hospital administrators are concerned that the institute’s focus has grown too unwieldy and less connected to the clinic’s broader mission of providing the best, evidence-based medicine and services to patients. She said the wellness center will likely stop selling some of its commercial products, such as homeopathy kits sold in the gift shop of its suburban Lyndhurst location, and move toward general wellness programs that would improve diet and lifestyle decisions by patients and its own employees.On Friday, Wellness Institute Director Dr. Daniel Neides published a column whose anti-vaccine rhetoric drew a torrent of social media criticism. Neides, board-certified in family medicine, apologized for his rant soon after, and the clinic said he would be facing disciplinary action.advertisement By Casey Ross Jan. 10, 2017 Reprints HospitalsCleveland Clinic reevaluating alternative medicine offerings amid uproar over vaccine rant [email protected] Casey Ross About the Author Reprintscenter_img National Technology Correspondent Casey covers the use of artificial intelligence in medicine and its underlying questions of safety, fairness, and privacy. He is the co-author of the newsletter STAT Health Tech. The clinic’s wellness institute in Lyndhurst is one of several wellness centers the clinic operates in the Cleveland area. The Lyndhurst branch houses its administrative offices and provides Chinese herbal therapy, acupuncture, mind-body coaching, and hypnotherapy, among other services. Those offerings don’t explain Neides’s rant, which many of his colleagues, including those in integrative medicine, have denounced. But homeopathic kits and reiki services offer some sense of the huge canyon that exists between conventional hospital medicine, which usually rests on a foundation of clinical research, and what is considered treatment at these alternative medicine institutes.Sheil said the clinic has been looking for chief wellness officer for six months (a different post than the one occupied by Neides). The existing wellness officer, Dr. Mike Roizen, will still work for the clinic in a different post. Sheil emphasized that Roizen’s work has been valuable in building the institute.The Cleveland Clinic’s Wellness Institute features a waterfall, rock-framed pool, and heavy indoor foliage. Casey Ross/STATIn the meantime, the clinic is trying to manage the public relations mishap.The editor of cleveland.com, which published the column, wrote an explanation Monday of its relationship with Neides, who was allowed to directly publish his commentaries to the website with the help of the clinic’s own public relations staff.Sheil said that hospital staff did not review the content before it was publishing, but staff took it down from the site on Sunday after Neides issued a retraction. Cleveland.com then re-published it, because, in the words of its editor, it is “loath to remove something that has become so central to a debate.”Neides violated clinic policy by not having his content directly approved by the hospital system, Sheil said, but it is unclear what punishment he might face. She said the vetting of his column did not occur even though the public relations staff had the technical ability to post and remove the column.   @caseymross In form and substance, the Cleveland Clinic’s Wellness Institute is about as far from a hospital as it gets. Its cavernous atrium in an affluent Cleveland suburb features a waterfall, rock-framed pool, and heavy indoor foliage. On Monday, you could have heard a pin drop, despite a steady stream of water and patients.There was zero evidence of the turmoil at the center. But also missing were certain evidence-based services that most hospitals are known for — a contrast that is drawing criticism of these integrative medicine outposts, which have popped up at hospitals around the country.advertisement Tags hospitalspatientswellnesslast_img read more

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In Pictures: Magical garden setting for book lovers at The Pantry

first_imgHome Lifestyle In Pictures: Magical garden setting for book lovers at The Pantry LifestyleOut and About Pinterest WhatsApp TAGSJohn WhelanThe Pantry Twitter Community Pinterest Twitter WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Facebook New Arles road opens but disquiet over who was invited to official opening center_img Facebook RELATED ARTICLESMORE FROM AUTHOR Previous article‘Never seen it as negative’ says local mart manager about beef crisisNext articleA list of powerful GAA women operating in a man’s world LaoisToday Reporter The seasonal setting had all the mystic and magic of a romantic hideaway, and on this occasion it was book lovers who were converging on The Walled Garden, in The Pantry Café in Portlaoise on Friday evening last.The garden at the rear of the popular and award-winning venue took on a different guise as it was curiously and creatively transformed into an outdoor venue. The occasion, journalist and author John Whelan in conversation with broadcaster Ann-Marie Kelly.It was a perfect match, as the room with a view turned into a room with lots of viewpoints, opinions and food-for-thought in the Pantry precincts.It may have been a chilly evening but the warmth of the setting, some mulled wine and lots of interesting discourse made for an interesting and engaging evening for the audience.The acclaimed radio presenter AM Kelly kept the experienced John Whelan on his toes with her probing and entertaining questions prompted by his new book, Growing Pains and Growing Up, which was published by LaoisToday.The book has come in for high praise from critics such as the author, poet and publisher, Dermot Bolger at the Laois Literary Festival and from Whelan’s journalistic peers at a Dublin launch event in The Palace Bar last week.On Friday evening last the topics ranged and veered from growing up and courting in the 60s and 70s; the challenges facing the newspaper industry; the rise and fall of the Christian Brothers; the influence of unsung heroes; the ongoing impact and fallout from the recession; the mystery of the Moving Statues phenomenon in the mid-Eighties; our bog land heritage and the desire to see the return of the Portlaoise Jazz Festival, as just a flavour of the eclectic mix of issues up for discussion and covered in the chapters of the well-received and highly entertaining book.“We just wanted to try something novel and different and thanks to Mark and Ladonna at The Pantry we had this amazing evening outdoors, a great turnout and I am delighted and overwhelmed with the reaction and response to the book, which seems to have struck a chord.“In many instances people are picking up extra copies for family and friends who are abroad for Christmas, as in some regards it is nostalgic and evokes memories of a different era.“The former Irish Press News Editor, Richard Moore said at the Dublin launch that it has ‘plenty of bacon and cabbage, Tayto crisps and TK red lemonade in what is an enjoyable and cracking good read,’” explains John Whelan.Growing Pains and Growing Up is now on sale from All Books, Lyster Square; Nook and Cranny Gift Shop, Main Street and the Parish Centre, Portlaoise for €12.50. In Pictures: Magical garden setting for book lovers at The Pantry SEE ALSO – High praise at Dublin launch of local author’s new book Community Council By LaoisToday Reporter – 23rd November 2018 Laois secondary school announces scholarship winners for new academic yearlast_img read more

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Scotia cuts global growth forecast

Stagflation is U.S. economists’ biggest fear, SIFMA says Related news Keywords Economic forecasts,  Financial crisis Economy lost 68,000 jobs in May Share this article and your comments with peers on social media James Langton OECD raises outlook for Canadian economic growth this year Scotia Economics has cut its global growth forecast once again due to European weakness, although its outlooks for Canada and the United States are holding up. In a new report, Scotia says that the global economy is set to slow further in 2012, with output growth dragged down by an even weaker performance anticipated in the eurozone. “We now expect that global growth will post a much slower 3.2% advance in 2012, more than half a percentage point lower than our previous forecast, following an estimated 3.8% gain this year,” it says. Scotia says that the intensifying structural adjustments being implemented by many of the highly-indebted European countries will increase the drag on activity both in Europe and around the world through reduced trade. Persistent fiscal woes and policy uncertainties in Europe and the U.S. are also contributing to volatility in financial markets, which is hampering confidence and growth. Government austerity, constrained credit in the region’s banks, and household caution, are all contributing to the weakness in Europe. Combined, these factors are expected to reduce eurozone growth to an average of only 0.3% in 2012, a decline of 0.8 percentage points from Scotia’s previous forecast, following a predicted gain of just 1.5% this year. Scotia’s revised forecast takes into account the late-October agreement to address the significant problems in Europe, but it says that any delay in implementing those initiatives — such as the Greek government’s decision to hold a referendum to approve the latest bailout package — could substantially increase the downside risks to the outlook. Notwithstanding the European weakness, Scotia has ticked up its forecast for Canadian GDP growth this year by 0.1 percentage point to 2.2%, reflecting slightly better-than-expected momentum heading into the fall. It’s leaving its estimate for 2012 unchanged at 1.7%. Its forecast for U.S. GDP growth for 2011 and 2012 has also been raised slightly — from 1.7% to 1.8% for 2011, and from 1.5% to 1.7% for 2012. Facebook LinkedIn Twitter read more

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FAIR Canada rolls out investor resources

An investor advocacy group has launched a new section on its website devoted to investor education, and issued a guide to help investors navigate the complaints process. The Canadian Foundation for Advancement of Investor Rights (FAIR Canada) FAIR Canada announced the creation of an Investor Resources page on its site, which includes information on conducting background checks, leverage, RESPs, links to financial literacy websites, and its new complaints guide. Related news OBSI updates terms of reference Banking complaints climbed in Q2: OBSI James Langton The new complaints guide aims to help investors find their way through the complaints process. It provides an overview of dispute resolution options (such as the Ombudsman for Banking Services and Investments, arbitration and mediation options) and legal alternatives; along with a list of regulators that can order compensation to investors, and compensation funds that allow investors to recover assets in the event of an investment firm insolvency. The guide stresses the importance of acting quickly to avoid limitation period issues, and to keep records, including copies of all correspondence and notes on conversations. It also explains that consumers can report wrongdoing directly to regulators and provides contact information for the provincial securities commissions, and the two industry self-regulatory organizations (the Mutual Fund Dealers Association of Canada and the Investment Industry Regulatory Organization of Canada). FCAC to probe banks’ complaints handling processes Keywords ComplaintsCompanies FAIR Canada Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

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CRA announces prescribed interest rates for Q3

first_img U.S. proposes tax of at least 15% on global corporate profits Share this article and your comments with peers on social media Keywords Taxes,  Interest rates The interest rate charged on overdue taxes, Canada Pension Plan contributions and employment insurance premiums remains the same as last quarter, at 6%.Other interest rates are also unchanged. The rate to be paid on corporate taxpayer overpayments will be 2%; on non-corporate taxpayer overpayments, 4%. And the rate used to calculate taxable benefits for employees and shareholders from interest-free and low-interest loans will be 2%. 39174258 - man calculates money. piggy bank and business documents on desk 123RF U.S. businesses may have to report crypto assets to IRS IE Staff Government to reimburse self-employed workers who repaid CERB Related news Facebook LinkedIn Twitter The Canada Revenue Agency (CRA) has published the prescribed annual interest rates for amounts owed to or by the agency in the third quarter of 2019.The only change is in the interest rate for corporate taxpayers’ pertinent loans or indebtedness, which will increase from 5.63% last quarter to 5.67% for the period from July 1 to September 30. last_img read more

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North America markets drop on revved up trade uncertainty between U.S. and China

first_img Share this article and your comments with peers on social media S&P/TSX composite hits highest close since March on strength of financials sector Canadian Press North American markets fell modestly as trade uncertainty revved up between the U.S. and China ahead of an expected interest rate cut by the Federal Reserve.The S&P/TSX composite index closed down 26.12 points at 16,466.05. TSX gets lift from financials, U.S. markets rise to highest since March Man facing stock exchange, financial chart overlay welcomia/123RF Related news In New York, the Dow Jones industrial average was down 23.33 points at 27,198.02. The S&P 500 index was down 7.79 points at 3,013.18, while the Nasdaq composite was down 19.71 points at 8,273.61.The Canadian dollar traded at an average of US75.94¢, compared with Monday’s average of US75.99¢.The September crude contract was up US$1.18 at US$58.05 per barrel and the September natural gas contract was up US3.1¢ at US$2.14 per mmBTU.The December gold contract was up $8.50 at US$1,441.80 an ounce and the September copper contract was down US3.9¢ at US$2.68 a pound. Keywords Marketwatch Facebook LinkedIn Twitter Toronto stock market dips on weakness in the energy and financials sectorslast_img read more

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Selwyn Snow Resort to rise from ashes as world-class winter wonderland

first_imgSelwyn Snow Resort to rise from ashes as world-class winter wonderland Deputy PremierHolidaymakers will be treated to a new and improved Selwyn Snow Resort, with construction now underway to rebuild the popular family ski and snowboarding attraction after the site was destroyed during the 2019/2020 bushfires.Deputy Premier and Member for Monaro John Barilaro toured the former resort in Kosciuszko National Park where early construction work commenced to redevelop and revive the attraction as a world-class resort.Mr Barilaro said thanks to a 40-year lease agreement with NSW National Parks, an improved Selwyn Snow Resort will be rebuilt with new guest facilities including a bigger guest visitor centre, doubled snowmaking capacity, lift upgrades, an expanded snow sports learning area, a new snow play wonderland, Australia’s premier toboggan park, tubing carousel, skating rink, kids’ skidoos and a miniature enchanted village.“For decades Selwyn Snow Resort has hosted family skiing and snowboarding adventures, and when it was lost in the fires it was a devastating blow to locals and avid skiers Australia wide,” Mr Barilaro said.“The work started now will deliver modern infrastructure to transform the Selwyn Snow Resort we’ve known and loved into a truly world-class family snow park, that accommodates more visitors from a range of backgrounds and directly creates local tourism industry jobs.”Environment Minister Matt Kean said the finalised lease gives the operators the certainty they need to invest in the new and improved community asset.“This new lease means Selwyn are able to start rebuilding with an aim to get skiers and their families back on the slopes as soon as possible,” Mr Kean said.“The operator has agreed to rebuild the resort bigger and better than before which is great news for the snowy region and great news for the local tourism industry.”Kevin Blyton, Chairman of Selwyn Snow Resort’s owner and operator the Blyton Group said regional contractors will be employed to rebuild the resort from communities such as Orange, Cooma and Adaminaby.“The commitment of a new lease from the NSW Government has secured the long-term future of the resort and will enable my group to significantly enhance Selwyn’s offering,” Mr Blyton said.“Our significant investment over the next five years will see the resort transformed and deliver a better experience for the snow play, ski and snowboard community.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Adaminaby, agreement, Australia, bushfires, community, Cooma, environment, Government, industry, infrastructure, Investment, Minister, National Park, New South Wales, NSW, Orange, tourismlast_img read more