Uk Tracks Of The Week: Little Simz, Smiler, Sp

Thats the conclusion of a new report that is being sent to the UK Parliament s House of Lords Economic Affairs Committee. Conducted by Bloomberg New Energy Finance, the analysis states that the UK cannot hope the m imic the success of the shale gas boom in the US . It shows that the costs of shale gas extraction in UK fields such as Bowland in Lancashire are likely to be between $7.10 and $12.20 per MMBtu, compared to $5-6 per MMBtu for large US fields such as Marcellus and Barnett. The reasons behind the price differences include limited availability of drilling service providers in the UK, higher land acquisition costs and the lack of gas infrastructure . The report states: Our conclusion is that even under the most favourable case for shale gas production, with production reaching 4.5bn cubic feet per day in the mid-2020s, and low demand driven by a power sector emissions target of 50gCO2/kWh, the UK will not be self-sufficient in gas. The reliance on continued imports will ensure that UK gas prices remain tied to European and world markets and so the direct impact of shale on the cost of electricity in the UK will be limited. Mike Lawn, head of gas and power for Bloomberg New Energy Finance, added: The US shale boom has widened the gap between energy costs in that country and those in Europe, giving the US a competitive advantage in attracting industry. Unfortunately, the UK is highly unlikely to benefit in the same way. The BNEF report comes in the same week as a new poll from independent market research firm Viewsbank revealed that 67 per cent of respondents would support shale gas drilling if it delivered lower bills and 64 per cent would back it if it created jobs. Around 65 per cent said that they would back fracking if it was proved to be important for delivering future energy needs. But the research also shows thar only 39 per cent believe fracking will cut household energy bills compared with 42 per cent who think that it will cause environmental damage. David Black of Viewsbank said: The fracking debate has been widely aired in the media but it is clear that people do not consider themselves particularly well-informed. Proponents and opponents can both take positives from the research. Many remain undecided but there is a definite undercurrent that people are happy to support fracking just as long as it is not in their backyard.

Artists include Little Simz, Smiler, and SP. Little Simz “Deranged” The latest female MC to prick up the ears of the UK’s urban music industry is 19-year-old Little Simz, whose flow is cutesy while the bars are feisty. Her fourth mixtape, Black Canvas, has been co-signed by the likes of BBC Radio 1’s Zane Lowe and the legendary music exec that is Sylvia Rhone, and she continues to tick boxes for many-a-tastemaker. Taken from the aforementioned mixtape, “Deranged” sees Little Simz “blurring the lines between reality and madness” over the instrumental used for Earl Sweatshirt’s “Hive.” And the visuals are just as trippy. Smiler Feat. Blade Brown & Black The Ripper New Day What happens when you put a back-in-the-day-style lyricist, a road rapper, and a conscious-minded MC on a mellow hip-hop production? Smiler, Blade Brown, and Black The Ripper with “New Day” thats what. On Smilers The Coming mixtape track, each rhymer opens up about their climb in music, with Black The Ripper taking the prize for standout line: “You dont know about my independent grind/Underrated, underestimated, and Im unsigned.” SP & FuntCase Feat. Hitman Liars V.I.P Nothing beats screwface-inducing grime like SP, FuntCase, and Hitmans “Liars V.I.P”: straight-up raw aggression, unashamed braggadocio, and the dirtiest beat. The Midlands seems to finally be getting the recognition it deserves for its grime talent. About time, too.

UK side-steps new EU rules on potential RBS break-up plan

Credit: Reuters/Andrew Winning By Matt Scuffham and Foo Yun Chee LONDON/BRUSSELS | Mon Oct 7, 2013 1:10pm BST LONDON/BRUSSELS (Reuters) – Britain told European regulators in July it was considering a break-up of part-nationalised Royal Bank of Scotland, pre-empting tough European Union rules on state support for banks which came into effect in August. The UK Treasury’s early notification means European regulators will examine any proposals on an RBS break-up under the old EU rules, potentially making it easier to executive. “We made a precautionary notification to the European Commission in July of a potential restructuring measure at RBS,” a Treasury spokesman said on Monday. The Treasury, assisted by investment bank Rothschild, is considering whether RBS, 82 percent owned by taxpayers following a 45.5 billion pound 2008 bailout, should hive off its riskiest loans into a separate legal entity, leaving the rest of the bank better placed to lend. But the new EU rules would have required the bank to put a cap on the earnings of RBS executives and prevented the government buying out minority shareholders, making the plan much harder to implement. New Chief Executive Ross McEwan would have seen his pay more than halved under the new regulations, which limit executive pay to 15 times the average national salary or 10 times that of the average employee at the bank. The Treasury’s early notification means European regulators are likely to examine any proposals on an RBS break-up under the old EU rules. “The new rules apply to state aid notified to the Commission as of 1 August 2013,” said Antoine Colombani, spokesman for EU antitrust chief Joaquin Almunia, who also confirmed receipt of the July filing. A source with knowledge of government thinking said the July notification was “precautionary” and not meant to prejudice the outcome of the Treasury and Rothschild’s review, which is expected to be made public later this month. Analysts had expected the Treasury to decide against enforcing a breakup. They argued it was not needed since RBS had already wound down or sold off the vast majority of its bad loans and that state aid rules and the need for approval from RBS’s minority investors would make the plan unworkable. (Reporting by Matt Scuffham.

UK likely to face decade highest ‘winter’ blackouts


The Grid said reserve supplies of electricity will be wafer thin after a dramatic fall in the amount of coal-based power plants operating across the UK. And it warned it may have to issue NISMs warnings to industry to bring mothballed plant into action or increase generation to cope, Telegraph reported. National Grid expert Chris Train said that in a cold winter, the UKs electricity margin or safety buffer will be just 5 per cent, almost half last years level and the lowest since early in 2007. He told an industry conference this morning: Things will be tighter than they have been historically. He insisted it was wrong to say Britain faced blackouts and that he was confident extra energy would flow from the Continent if the country risked a supply shortage. He would not comment on the likelihood manufacturers may be forced to cut back on their electricity or gas use at times of peak demand. But the forecast will only heighten fears of the supply crunch Britain faces as older power plant reach the end of their life before a fleet of new more environmentally friendly capacity can be built. The Grids own analysis shows the availability of coal fired plant has fallen almost 20pc since last winter to 20.3Gw. This fall comes at a time coal prices are dropping, making the fuel far cheaper to use. Earlier in June, industry regulator Ofgem warned there could be energy shortages in the middle of the decade as the UK had failed to build enough new wind farms and power stations. He added that the risk of future blackouts had trebled. Which Pakistan mobile phone service operator has the best youth package?

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