On July 1, former Bank of Canada Governor Mark Carney will replace Sir Mervyn King as Governor of the Bank of England with a first Monetary Policy Committee (MPC) meeting on July 3 and 4. Mr Carney sees that an important role for Central Banks is to offer “forward guidance” when the economy and monetary policy face exceptional challenges. He’s also said the Bank has has no intention of dropping women from Britain’s bank notes after a decision in April was made to replace Elizabeth Fry with Winston Churchill on the £5 note in 2015 – leaving (not including the Queen) no British women on our banknotes.

Flood Re  has seen a deal being reached between Insurers and the Government. Flood insurance premiums will be capped and linked to Council Tax bands. All UK household insurers will pay into a fund that can be used to pay claims for people in high-risk homes. As part of the Water Bill, the SoP (Statement of Principles) was extended from ending 30 June to 1 August  which will now continue until the new system comes into force. The cap on the amount households will pay for flood insurance premiums will start at no more than £210 per annum in Bands A and B, rising to £540 per year in Band G. The minister responsible for negotiations between the ABI (Association of British Insurers) and the government will deliver a keynote speech July.

New employment tribunal rules of procedure are to be introduced at the end of the month: 29 July which sees claimants who issue a claim against their employer in an employment tribunal being required to pay a fee to issue a claim and a further fee to proceed to a hearing. The rules have been revised to simplify and streamline the employment tribunal claims process.

The world’s only conference dedicated to passwords is taking place in Las Vegas in July  at which ‘password fatigue’ is being debated and informed solutions in the pipeline are discussed along with the ‘password pill’.

Will July 20 be the day Trafalger Square sees a controversial blue cock installed among the pigeons? The national symbol of France, a cockerel, has been made as a 14ft high representation of ‘regeneration, awakening and strength’ however, for some, placed on the fourth plinth under Admiral Lord Nelson (he of Battle of Trafalger fame) it’s not viewed in the same light.

Image and Article credit: Copyright SUF