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....Former Business Secretary Sir Vince Cable said "the whole Brexit approach will have to be rethought". Sir Vince is returning to the Commons after regaining the seat of Twickenham in southwest London for the Liberal Democrats. ... [Read full article on BBC ]
Friday 9th of June 2017 05:09:50 AM
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....”. These are the human stories behind a trend identified this month by the House of Commons work and pensions select committee, chaired by Frank Field. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 04:45:45 AM
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....The pound has fallen sharply as traders react to the results of the general election. The currency markets had been expecting a clear victory for Theresa May's Conservatives, but the party does not appear set to win a Commons majority. ... [Read full article on BBC ]
Thursday 8th of June 2017 09:42:36 PM
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....MPs last year demanded that Green, who was described in parliament as a “billionaire spiv”, be stripped of the knighthood he was awarded in 2006. In a fiery Commons debate, Iain Wright, the Labour MP who chairs the business select committee, said: “Sir Philip received his knighthood for services to retail. ... [Read full article on Guardian ]
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.... This episode was also characterised by a near information blackout by the airline, prompting the Catalan authorities to drag in the company’s president to obtain some sort of explanation. The House of Commons transport select committee should follow their lead. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 05:52:44 PM
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...."The most we are likely to see is further tinkering as the government looks to fill its budget shortfall with further salami slicing of pension tax relief for higher earners. “The new Government will also shortly need to make up its mind about future changes to the state pension age, and the loss of a majority in the Commons means that the more aggressive increases which the Treasury would have preferred are now probably off the table. ... [Read full article on Daily Express ]
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Latest Finance News related to Commons

Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
...."The most we are likely to see is further tinkering as the government looks to fill its budget shortfall with further salami slicing of pension tax relief for higher earners. “The new Government will also shortly need to make up its mind about future changes to the state pension age, and the loss of a majority in the Commons means that the more aggressive increases which the Treasury would have preferred are now probably off the table. ...
Election 2017: Pound under pressure amid Labour surge image
Source : BBC [Read Article] Thursday 8th of June 2017 09:42:36 PM
....The pound has fallen sharply as traders react to the results of the general election. The currency markets had been expecting a clear victory for Theresa May's Conservatives, but the party does not appear set to win a Commons majority. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....MPs last year demanded that Green, who was described in parliament as a “billionaire spiv”, be stripped of the knighthood he was awarded in 2006. In a fiery Commons debate, Iain Wright, the Labour MP who chairs the business select committee, said: “Sir Philip received his knighthood for services to retail. ...
British Airways should come clean about computer chaos image
Source : Guardian [Read Article] Tuesday 30th of May 2017 05:52:44 PM
.... This episode was also characterised by a near information blackout by the airline, prompting the Catalan authorities to drag in the company’s president to obtain some sort of explanation. The House of Commons transport select committee should follow their lead. ...
Fake news or not, the future belongs to Facebook image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
.... Fakery can be an excuse for failure in defeat and a digital strategist’s inflated reason for success. Legislators looking for work hate finding an area of operation so big and – as the head of the Commons culture committee says – “totally unregulated”. ...
Deliveroo bows to pressure to change contracts for UK couriers image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:16:37 PM
....The new contract, which is now only four pages long, will also allow couriers to work for other companies at the same time as they work for Deliveroo and has removed a clause stating that riders needed to give two weeks’ notice to terminate their agreement with Deliveroo. MPs on the Commons work and pensions select committee had demanded changes. ...
Investors should get a bigger say on executive pay, says IoD image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:25:49 AM
....The next government should take action to force stock market listed firms to give shareholders a second vote if a significant minority rejected a pay report, said the IoD. Oliver Parry, the head of corporate governance at the IoD, said: “UK company boards have been put under unprecedented scrutiny in recent months, with the government and the House of Commons business committee suggesting reforms to executive pay and the governance of private companies. ...
General election 2017: Lib Dems pledge winter fuel cuts to protect pensions image
....The triple-lock has seen pensioner incomes rise faster than average earnings since 2010. A cross-party House of Commons select committee report earlier this year described it as "inherently unsustainable" and recommended it should not be continued beyond 2020. ...
State pension: Axing triple-lock has 'minimal savings and would hit poorest hardest' image
....Labour has pledged to keep the triple lock in place until 2025, while Prime Minister Theresa May has so far refused to rule out scrapping it. Earlier this year, the Commons Work and Pensions Committee recommended axing the guarantee, as it had served its purpose. ...
MPs' report on FOBTs found to breach parliamentary standards image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:51:21 PM
....The standards commissioner, Kathryn Hudson, highlighted four breaches by the all-party parliamentary group on FOBTs, chaired by Labour’s Carolyn Harris and backed by direct rivals to bookmakers, including casinos and the amusement arcade trade body Bacta. The group failed to record attendance at its meetings or take proper minutes and also did not print a disclaimer making clear that its FOBT report was not an official House of Commons publication. ...
Nuclear oversight needs 'urgent' action, MPs say image
Source : BBC [Read Article] Monday 1st of May 2017 11:24:39 PM
....Ministers must act "as urgently as possible" to clarify how the nuclear industry will be regulated after Brexit, MPs have warned. The Commons energy committee, which has been investigating the impact of Brexit on energy policy, urged the UK to delay leaving Europe's nuclear regulator. ...
Britain's energy supply is in jeopardy after Brexit, warn MPs image
Source : Guardian [Read Article] Monday 1st of May 2017 11:01:11 PM
....The future of Britain’s power supply has been jeopardised by Brexit and the government must act urgently to ensure nuclear power stations stay open, MPs have warned. The influential Commons business, energy and industrial strategy committee said that any gap between the UK leaving a European atomic power treaty and entering into secure alternative deals would “severely inhibit nuclear trade and research and threaten power supplies”. ...
Be bold Labour: promise to abandon this ruinous Brexit | Jonathan Steele image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:50:15 PM
.... She has been captured by her right wing. This election is really about her desire to escape by trying for a bigger Commons majority. ...
Sports Direct staff supplier Transline faces administration image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:57:01 PM
....A spokesman said it was appointing administrators to protect its "business, employees and customers". Last year, a Commons committee raised concerns over working conditions at Sports Direct's main Shirebrook warehouse. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....The March parliamentary hearing was the second time Transline had been called to appear in front of MPs in less than a year, with the first hearing ending disastrously for the company when its finance director, Jennifer Hardy, was accused of misleading parliament. Her evidence provoked Iain Wright, Labour MP and chair of the House of Commons business, innovation and skills select committee, to call on Sports Direct’s founder and majority shareholder, Mike Ashley, to consider axing Transline, which he said had not been candid about the reasons for its lack of an operating licence from the Gangmasters Licensing Authority, an industry watchdog. ...
Brexit brain drain threatens UK universities, MPs warn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:39 AM
....The government is being urged to act swiftly to halt a post-Brexit brain drain which threatens the international competitiveness of the UK’s university sector. A significant new report by MPs sitting on the Commons education committee says the rights of 32,000 university staff from EU countries to continue working in the UK should be guaranteed as a matter of urgency. ...
Minister makes U-turn over £300m business rates relief fund image
Source : Guardian [Read Article] Monday 24th of April 2017 06:16:40 PM
....On Friday the Guardian was told by the Department for Communities and Local Government that although the consultation on how to distribute the money was complete it would require the approval of the new government – signalling a hiatus of several months until after the 8 June general election. However, speaking in the House of Commons on Monday the communities secretary, Sajid Javid, insisted there would be “absolutely no delay because of the general election”. ...
Bill sets out plan to tackle 'extortionate' UK overdraft fees image
Source : Guardian [Read Article] Sunday 23rd of April 2017 04:51:46 PM
.... This is up to four times higher than the allowed maximum charges on a payday loan. Reeves, MP for Leeds West, has long campaigned on the issue and wants to introduce her unauthorised overdrafts (cost of credit) bill in the House of Commons on Tuesday. ...
Ding ding! All aboard the ex-Lib Dem minister's solar-powered bus image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:53:02 PM
.... There will be a cover of the Beatles’ You Can’t Do That and he will belt out the Reform Club’s own Piccadilly Circus, first released when Baker was at the DfT. “I left the House of Commons with a clear conscience,” says Baker. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
....Sir Philip GreenGreen still has his knighthood despite MPs last year demanding that the “billionaire spiv” be stripped of the honour. In a fiery Commons debate Iain Wright, Labour chair of the business select committee, said: “Sir Philip received his knighthood for services to retail. ...
HS2 is on its way but bid troubles and snap election could still derail project image
.... Yet controversy over contract awards, and now the calling of a snap election, has threatened more uncertainty and delay. Last week, a Commons select committee was told that a whistleblower’s intervention had led to the overturning of a £170m HS2 contract award to CH2M, the engineering consultancy which has had executives seconded, then hired, to run HS2 Ltd itself. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
....But there are some bad hats and chancers in politics. George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... The real question is why sterling, which hit a six-month high, reacted so strongly to an early general election. It was because investors calculated – counter-intuitively at first glance – that a bigger Tory majority in the Commons, if that’s what follows, will mean a softer form of Brexit. ...
Drivers could be paid 'up to £2,000 to scrap diesels' image
Source : BBC [Read Article] Monday 17th of April 2017 10:17:34 AM
.... . Neil Parish, chair of the Commons environment committee, supports the scrappage plan and will use a parliamentary debate on Wednesday to raise the proposal. ...
Diesel car owners may be paid to trade in under new UK air quality plans image
Source : Guardian [Read Article] Saturday 15th of April 2017 11:49:17 PM
....It is understood discussions are ongoing about the scrappage scheme and other elements of the plan to reduce use of diesel cars, even though the deadline for producing a new document is just over a week away, on 24 April. The idea of a tailored scheme has been supported by Neil Parish, chair of the Commons environment committee, who will use a debate on Wednesday to raise the proposal. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....The former owners of Bernard Matthews “lined their own pockets” by rejecting a takeover offer that would have protected the turkey producer’s pension scheme in favour of an insolvency process that ensured a greater return for themselves, MPs have claimed. The influential Commons work and pensions select committee said that the move by private equity firm Rutland Partners, which sold the company’s assets for £87. ...
UK internet ad spend passes £10bn as Google faces YouTube row image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:32:23 AM
....”. The Conservative MP Nigel Huddleston, a member of the Commons culture, media and sport select committee, said: “With huge scale comes huge responsibility. ...
Firms dispute Jeremy Corbyn's claim they pay bills late image
Source : BBC [Read Article] Tuesday 11th of April 2017 12:11:53 PM
.... . Conservative MP Amanda Milling MP, a member of the Commons business committee, said: "With Jeremy Corbyn in charge of the nation's finances, Labour would crash the economy just like they did last time. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
.... This includes the senior managers and certification regime, which is aimed at improving individual accountability within the financial services industry. Andrew Tyrie, the chair of the House of Commons Treasury select committee, said: “The senior managers and certification regime is supposed to ensure that whistleblowers are protected. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....The party has struggled to rebuild trust in its economic credibility, with the latest Observer/Opinium poll showing 44% trust May and her chancellor, Philip Hammond, to run the economy, while just 15% say Corbyn and the shadow chancellor, John McDonnell, are trustworthy. Amanda Milling, a Conservative member of the Commons business, energy and industrial strategy select committee, said Labour’s pledge to borrow to invest £500bn would “crash the economy, just like they did last time”. ...
Boardroom pay: Theresa May must act to curb the excesses | Nils Pratley image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:32:04 AM
. The clearest recommendation in Wednesday’s report on corporate governance from the Commons business select committee is excellent: “We conclude that LTIPs should be phased out as soon as possible. ...
High pay eroding trust in business, says MPs' report image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:14:33 PM
.... . The Commons Business, Energy and Industrial Strategy Committee wants workers to have a say on pay. ...
Sir Philip 'favoured' Arcadia pension schemes over BHS image
Source : BBC [Read Article] Sunday 2nd of April 2017 07:20:55 PM
. Sir Philip Green has been "long favouring" the pension schemes of Arcadia over those of BHS, according to the chairman of the Commons Work and Pensions Committee, Frank Field. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
....It’s not just landlord bodies that have expressed concern. In December Kate Barker, an influential economist, housing market expert and former member of the Bank of England’s monetary policy committee, told the Commons Treasury select committee that while she was generally supportive of the decision to increase stamp duty for people who were buying to let, she had more difficulty with the change to mortgage tax relief. ...
Hammond was right to raise tax for self-employed, inquiry to say image
Source : Guardian [Read Article] Wednesday 29th of March 2017 01:13:37 PM
....Matthew Taylor, the chief executive of the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA) who has been appointed by the prime minister to lead the review, told MPs on Wednesday that he supported Philip Hammond’s since aborted budget announcement and would look to go further by recommending a levelling of the taxation between different classes of workers. Appearing in front of the Commons work and pensions committee, Taylor said: “It is likely that two of the strategic shifts we will advocate [in the final report due in June] is that over time we will need to move towards a more consistent way of taxing labour. ...
Watchdog finds £3bn in child support arrears may never be collected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:01:19 AM
.... Three months after case closure, half of parents had no new arrangements in place. The chair of the Commons public accounts committee, Meg Hillier, said: “A million and a half families rely on government-run schemes to ensure they get the right child maintenance payments. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
....Back in 1983, when the Labour party was also letting down the nation, Gerald Kaufman MP famously described its manifesto as “the longest suicide note in history”. According to Labour peer David Lea, the 137-word article 50 bill – passed, to its eternal shame, by the House of Commons – is “the shortest suicide note in history”. ...
Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . Responding in the Commons, Energy Minister Jesse Norman said that the CMA "did important work in highlighting how much consumers are currently losing out on". ...
Viagogo should be forced to face a grilling over ticket resale abuse | Nils Pratley image
. Secondary ticket site Viagogo’s explanation for not sending a representative to the Tuesday’s session of the Commons culture, media and sport select committee was ridiculous. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. Forced to answer urgent questions in the House of Commons, the Treasury minister Simon Kirby announced the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) would be examining allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals without noticing. ...
The woman taking on ticket website Viagogo image
Source : BBC [Read Article] Tuesday 21st of March 2017 05:40:43 PM
...."It's affecting people worldwide and it's growing all the time," she said. Ms Turnham gave her experiences to a House of Commons select committee hearing about ticket abuse on Tuesday. ...
MP warns of housing strain caused by holiday lets image
Source : BBC [Read Article] Tuesday 21st of March 2017 05:22:50 PM
....Labour's Karen Buck said renting out properties for short holiday lets can produce up to three times the income of more traditional flat rentals. Growth in the industry is also contributing to a loss of residential accommodation, she told the Commons. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....A No 10 spokesman said the UK's Ambassador to the EU, Sir Tim Barrow, informed the European Council, headed by President Donald Tusk, earlier on Monday of the date that Article 50 would be triggered. Mrs May is expected to make a statement to the House of Commons on Wednesday shortly after invoking Article 50, setting out her aims. ...
Thousands join UK legal case against VW over emissions scandal image
Source : Guardian [Read Article] Monday 20th of March 2017 10:27:25 AM
....”. Mary Creagh, the Labour chair of the Commons environmental audit committee, said the government should take VW to court. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
....”. Having a measurable target will help focus government and business attention on the need to increase spending, the CBI says, citing evidence from other bodies, including the House of Commons science and technology committee, arguing for 3% as a level proven to boost growth and jobs. ...
UK Mail driver who was unable to work after car accident charged £800 image
....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ...
George Osborne told to choose whether to be MP or Standard editor image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:32:55 AM
....Former Conservative foreign secretary Malcolm Rifkind said Osborne the editor would face challenges: “The news stories will inevitably involve parliamentary colleagues and government policy, so that will be difficult. But it used to be standard practice for barristers who sat on the backbenches to come into the House of Commons after court. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....”. During a House of Commons debate regarding energy bills, Conservative MP John Penrose reiterated his call for a relative price cap, where there is a limit on the gap between the worst and best deals. ...
French advertising giant pulls out of Google and YouTube image
Source : Guardian [Read Article] Friday 17th of March 2017 03:08:24 PM
....”. In a growing crisis for the tech giant, members of the Commons’ home affairs select committee wrote to Google to express disappointment that the government and major brands were still being placed alongside “inappropriate” content. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
....Breaking: I will shortly be announced as editor of Heat magazine. £75,000 a year as MP for TattonOsborne will face conflicting loyalties to his constituents, who elected him on a Conservative manifesto to follow the party whip in the House of Commons, and to his readers, overseeing supposedly balanced news coverage holding the government to account – including over decisions he made while chancellor. ...
YouTube: UK government suspends ads amid extremism concerns image
Source : BBC [Read Article] Friday 17th of March 2017 11:15:21 AM
....". During a recent appearance before the Commons Home Affairs Committee, executives from Facebook, Twitter and Google were told they had a "terrible reputation" for dealing with problems and should be policing their content more effectively, given the billions they made. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....Bradley, who had previously said she was “minded” to refer the deal to Ofcom, told MPs she had issued a European intervention notice on the grounds of “media plurality and commitment to broadcasting standards” linked to the bid from Murdoch’s company. Bradley, who confirmed the decision in a statement to MPs in the Commons on Thursday, said she had received more than 700 representations about the deal from third parties, “the vast majority of which supported intervention”. ...
Low carbon drive 'cuts household bills' image
Source : BBC [Read Article] Thursday 16th of March 2017 12:13:08 AM
....". Iain Wright MP, Chair of the Commons Business and Energy Committee, said: "The government must be mindful of the burden that decarbonisation policies can place on businesses and ensure that they remain competitive. ...
U-turn over Budget plan to increase National Insurance image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:30:48 PM
....Chancellor Philip Hammond has said the government will not proceed with the increases which were criticised for breaking a 2015 manifesto pledge. He told MPs in a Commons statement: "There will be no increases in National Insurance rates in this Parliament. ...
Philip Hammond defends scrapping national insurance rise for the self-employed image
.... “However, since the budget, parliamentary colleagues and others have questioned whether the increase in class 4 contributions is compatible with the tax lock commitments made in our 2015 manifesto,” he said. In the Commons shadow chancellor John McDonnell urged him to apologise to the self-employed. ...
Sports Direct calls executive pay report 'fake news' image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:59:54 AM
.... . A report by the House of Commons Business, Innovation and Skills committee said employees of the company were "not treated as humans". ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....The Government may struggle to meet its target of clearing the deficit in public finances by 2025 according to the official spending watchdog. Robert Chote, chairman of the Office for Budget Responsibility, was giving evidence before the Commons Treasury Committee. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... “We still get lots of competition, lots of choice, but it does mean the most vulnerable of us or those of us with least time to switch suppliers don’t get ripped off,” said Penrose. Penrose has secured a House of Commons debate on Thursday on energy bills. ...
Deal to allow individual Britons EU rights must go both ways, Theresa May told image
....Meanwhile, it has been reported that May could trigger article 50, the formal process for leaving the EU, as early as Tuesday if the Brexit bill passes on Monday. The article 50 legislation, which passed through the House of Commons unamended, is due to be debated by MPs on Monday. ...
UK households spent £180m on 'unnecessary' power capacity – report image
Source : Guardian [Read Article] Monday 13th of March 2017 06:01:24 AM
.... Last year Deepmind said it had cut total energy use at its data centres by 15% by using machine learning. The row over how much spare capacity the UK should have to pay for comes ahead of a House of Commons debate about energy bills on Thursday. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
.... Despite the small decrease over the past 12 months, the average rent in Britain is still £112 higher than the previous peak in 2007, even though average incomes have only edged ahead since the financial crisis. The government’s white paper on housing last month acknowledged that England’s housing market is “broken”, with the communities secretary, Sajid Javid, telling the House of Commons that rents in many places swallow more than half of take-home pay. ...
No-deal Brexit 'would put UK in worst trading position of rich nations' image
....Open Britain, which groups a series of formerly pro-remain MPs from Labour, the Conservatives and the Liberal Democrats, said leaving with no deal would mean the UK “choosing the most extreme position of all major trading nations”. The research, by the House of Commons library, found that the EU does not currently trade with any G20 member without some sort of preferential trade arrangement in place. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... Probably. In another of his zingers, the chancellor told the Commons: “Twenty four-years ago Norman Lamont also presented what was billed then as ‘the last spring budget’. ...
Volkswagen pleads guilty to all criminal charges in emissions cheating scandal image
....3bn in civil and criminal penalties – the largest ever levied by the US government against an automaker –although VW’s total cost of the scandal has been pegged at about $21bn, including a pledge to repair or buy back vehicles. As recently as 20 February, the company’s executives insisted they had “misled nobody” in testimony before the British House of Commons’ transport select committee. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
.... On 18 January he collected a further £51,829 for a two-hour speech to HSBC’s top clients at Davos, where he was pictured socialising with George and Amal Clooney. The House of Commons was also sitting when he gave speeches at Stanford University in California and for Palmex Derivatives in New York in October and to ITP Publishing in Dubai on 28 November. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
.... We also know that he has been paid nearly £800,000 for speeches to financiers since leaving the government. Five short speeches made in the Commons during the same period are covered by his £74,900 salary as an MP. ...
May and Hammond face serious Tory revolt over tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:59:51 PM
....”. Speaking on the second day of the budget debate in the Commons on Thursday, the Harrow East MP, Bob Blackman, said the government should “look at this very, very carefully”. ...
Hammond went where Osborne feared to tread with tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:41:03 PM
....Hammond is determined not to be flashy: more of an accountant than a showman. But as the heckling over his first budget intensifies, he might yet come around to the idea that pulling rabbits out of hats when he stands up in the Commons has its advantages. ...
Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
....The Guardian’s investigation exposed how Sports Direct was failing to pay workers the minimum wage at its Shirebrook warehouse in Derbyshire after harsh financial deductions for clocking in slightly late and being forced to go through unpaid searches at the end of each shift. MPs on the Commons business, innovation and skills select committee were highly critical of the way Ashley had run the company, concluding that he had used “appalling working practices” and treated his “workers as commodities rather than as human beings”. ...
Hammond: Budget National Insurance rise due to 'new challenges' image
Source : BBC [Read Article] Thursday 9th of March 2017 04:44:28 AM
....There has also been a backlash from business with the Federation of Small Businesses saying it "undermined" the government's ambition for the UK to become the best place to start and grow a business. MPs who are opposed to the National Insurance rise will have the chance to vote against it when legislation to make the change comes before the Commons. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
....During the dinner, the prime minister is likely to raise concerns that the EU needs to do more to tackle “Russian disinformation” in eastern Europe, her spokesman said. She will be unable to discuss Brexit at the EU summit, as the government has not triggered article 50 and will not be able to do so until legislation has passed through the Commons, which will be next Tuesday at the earliest. ...
Osborne to earn £650,000 a year advising US financial firm image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:31:00 PM
....Former Chancellor George Osborne is to be paid £650,000 a year for advising the US fund manager Blackrock. In an updated entry in the Commons register of interests, he disclosed that he would be paid £162,500 each quarter and would work 48 days a year. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
....Last month, he justified the decision to take on multiple roles while also being an MP, saying his work represented a “varied and interesting” contribution to national life. While speaking on a panel as chair of the Northern Powerhouse Partnership, Osborne was asked whether his paid work outside the House of Commons, including BlackRock, represented a conflict of interest. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
....”. Chris Leslie, a former shadow chancellor, asked in the Commons: “On the point about the increase in national insurance contributions for the self-employed, don’t you think that the chancellor needs to explain why he’s breaking a manifesto promise made in the 2015 general election manifesto on that?”. ...
DPD and Parcelforce face MPs' questions over working conditions image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:58:20 PM
....More than 20 van drivers working for DX, an Aim-listed courier firm which works for Amazon, the US embassy and dozens of other clients, began legal action questioning their employment status. Speaking on Tuesday at the first hearing into the future world of work by the Commons business, energy and industrial strategy committee, Hannah Reed, a senior policy officer at the Trades Union Congress, said: “There should be a floor of rights for all working people – a single worker definition. ...

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