Business
Tandridge District Council launches cost-of-living support fund
Low income households in a part of Surrey can now apply for new support funding.
Residents with low incomes in the Tandridge District Council catchment area can request a grant to help with living costs from 10:00 GMT on Monday.
Eligible households without children can apply for £125 while those with children can request £225.
The council said applications would be processed on a first come, first served basis and would close once all the money has been allocated.
Applicants must be aged 16 or over, live in the Tandridge district and be in financial difficulty and struggling to meet the cost of essential items, the council said.
Those who apply for other grants, such as Surrey County Council’s e-voucher household support fund, are still able to receive the funding from Tandridge.
Unlike the county council’s e-voucher scheme, Tandridge said it would deposit cash into people’s bank accounts to give them greater flexibility over how the money was used.
Tandridge is paying for its new scheme with £150,000 of its budget. The Surrey County Council fund is paid for by the Department for Work and Pensions.
The county council’s scheme, which runs each month, would previously pass the money to local councils to issue to residents.
Now, residents must apply to the county council directly. This funding scheme also opens on Monday.
The leader of the Tandridge District Council, Catherine Sayer, said: “Residents can apply to both Tandridge District Council’s winter support scheme and Surrey County Council’s essential e-voucher scheme, as they are run separately.
“Our support is provided as a cash deposit into a bank account rather than a supermarket e-voucher, giving residents more flexibility in how they use the money.
“The payment levels were set to allow us to support as many residents as possible within a total funding pot of £150,000.”
Through the county council’s scheme, a household without children can apply for a £200 supermarket voucher, while those with children are eligible for a £300 voucher.
MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be allowed to whitelist trusted payees so that genuine payments are not delayed.Another proposal is to provide stronger protection to vulnerable users such as senior citizens by requiring an additional confirmation from a “trusted person” for large transactions above Rs 50,000. The paper also suggests a “kill switch” to instantly block all digital transactions in case of suspected fraud.Banks are expected to identify suspicious transactions in real time and seek reconfirmation from customers before processing them. They will need to build systems to implement delays, allow cancellations, and generate risk alerts. Banks are also expected to tighten due diligence by linking the level of activity in an account to the customer’s profile. For instance, accounts with low verified income may face limits on how much money they can receive unless additional checks are completed. A key finding is that most frauds now are the result of human vulnerability. The growth of digital payments has amplified this risk.
The project was part of a package of tech investment promising the UK could become an AI superpower.
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People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022.
Octavio Jones | Reuters
Disney is planning to begin its next phase of cost cutting, which will include as many as 1,000 layoffs, according to a person familiar with the matter.
The cost-cutting initiative comes shortly after Josh D’Amaro took the helm as CEO in mid-March.
The layoffs are expected to mostly affect Disney’s marketing department, according to the person, who requested to speak anonymously because the moves had not yet been made public. That department was recently consolidated under Asad Ayaz, who was named chief marketing and brand officer in January.
Ayaz, who reports directly to D’Amaro and Dana Walden, Disney’s president and chief creative officer, oversees marketing for all of Disney’s divisions — entertainment, experiences and sports — in the newly created role. It’s the first time that Disney brought all of its units under one marketing chief.
Disney’s stock was slightly down in afternoon trading on Thursday. The layoffs were first reported by The Wall Street Journal.
The changes to the marketing department structure occurred in January, when Bob Iger was still CEO of the company. Disney announced shortly after that that D’Amaro would take take over the top job — a long-awaited decision for the company.
D’Amaro, who previously was chairman of Disney Experiences, succeeded Iger after a period of uncertainty for the media and theme park giant — which had included a succession race and recent reorganization and turnaround of the business.
Iger reclaimed the Disney CEO role in late 2022, about two years after his initial departure. He was immediately tasked with a turnaround of the business as its stock price had fallen and earnings began to miss expectations.
By February 2023, Disney had announced sweeping plans that reorganized the structure of the company, cut $5.5 billion in costs and eliminated 7,000 jobs from its workforce.
On D’Amaro’s first official day as CEO in March, he noted the work Iger had done to get the company past one of its most difficult periods.
“When Bob returned to the company a few years ago, his goal was to fortify our business and lay the groundwork for long-term growth, by reigniting creativity and improving performance at our studios, building a robust and profitable streaming business, transforming ESPN for a digital future, and turbocharging our parks and experiences,” D’Amaro said on stage at the company’s investor day.
“We’ve accomplished all of those things, and we’re operating from a place of strength, with ample opportunity for growth.”
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