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....Should the second phase of talks be delayed until December or January, as Cerar’s comments seem to suggest, Britain will be left with 10 months at best to find agreement on a transitional deal to prevent a cliff edge for business in March 2019, when the UK leaves the EU. In that period they will also need to scope out how a future comprehensive trade deal might work, before any withdrawal agreement is put to the European parliament and the House of Commons. ... [Read full article on Guardian ]
Monday 21st of August 2017 06:37:04 AM
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Latest Finance News related to Commons

Brexit: UK hopes of autumn trade talks 'will be dashed', says Slovenian PM image
....Should the second phase of talks be delayed until December or January, as Cerar’s comments seem to suggest, Britain will be left with 10 months at best to find agreement on a transitional deal to prevent a cliff edge for business in March 2019, when the UK leaves the EU. In that period they will also need to scope out how a future comprehensive trade deal might work, before any withdrawal agreement is put to the European parliament and the House of Commons. ...
Tax return fines: HMRC wrongly hunts ONE MILLION taxpayers for late filing penalties  image
.... . Nicky Morgan MP, chairman of the House of Commons Treasury select committee, said her committee would consider an investigation into why HMRC had tried to fine innocent taxpayers. ...
New Tata Steel scheme secures pensions for 130,000 workers image
Source : Guardian [Read Article] Friday 11th of August 2017 08:48:29 AM
....“We are satisfied that separation of the BSPS [pension fund] from Tata Steel is necessary to avoid an insolvency of Tata Steel UK Limited,” said Allan Johnston, chairman of the trustees. Frank Field, the chair of the House of Commons work and pensions select committee, said: “It is always disappointing when pension promises are not met in full, but this deal should be cautiously welcomed as potentially preserving jobs and providing more certainty for British Steel pensioners. ...
For the first time ever I am defending banks. Here’s why | John Harris image
....Meanwhile, even bigger anxieties swirl around. Some relate to the disastrous possibilities of a cliff-edge Brexit, glimpsed this week in the letter written to the House of Commons Treasury select committee by the deputy governor of the Bank of England in charge of the Prudential Regulation Authority, which essentially exists to prevent financial crises. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
....Rosenfeld – who was paid nearly $22m the year after the takeover – made few friends in the UK. MPs on the business committee concluded the company had been close to contempt of the Commons by her refusal to attend. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
.... Instead, there are apologies. “Markets can be brutal,” concedes the Conservative MP James Cleverly, leader of the Free Enterprise Group, a Commons pressure group with three dozen members (all Tories) that was founded in 2010. ...
Uber and Deliveroo chiefs face new grilling by MPs image
Source : Guardian [Read Article] Tuesday 25th of July 2017 10:18:54 AM
....Uber, Deliveroo and other representatives of the “gig economy” face fresh inquiries by British MPs, which will involve their senior executives being grilled by a parliamentary committee over the companies’ working conditions. Rachel Reeves, the new chair of the House of Commons business committee, told the Financial Times (£) one of her priorities was to look at the world of self-employment. ...
State pension changes will cost 7 million people £10,000 each image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
.... The change will affect Britons born between 1970 and 1978, who will now have to wait another year to receive their state pensions, a move which the government found would save £74bn. New analysis from the House of Commons library found that each person affected by the change stood to lose around £9,800, which Labour called “disgraceful and unjustified”. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
....The voluntary liquidations of the companies linked to Anderson followed initial questions posed by HMRC’s fraud and investigation service last year, which asked Anderson for details about the large numbers of VAT registration applications made on behalf of its clients. The Guardian’s investigation triggered a series of parliamentary questions by Frank Field MP, the chairman of the House of Commons work and pensions select committee, who last week asked the chancellor: “What assessment has [the chancellor] made of HMRC’s ability to investigate and recover tax revenue lost to aggressive tax avoidance schemes promoted by the Anderson Group and others?”. ...
Grayling sparks fury by scrapping rail electrification plans image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:21:48 AM
....The news will raise further doubts over the electrification of the TransPennine route between Manchester and Leeds, which was also described as “paused” in 2015, but had been seen as a critical part of the “northern powerhouse”. The transport secretary, Chris Grayling, told the Commons in a written statement that the Hitachi trains – ordered in a deal first announced in 2009 – meant electrification was no longer needed. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
...."Failing to address this now would only store up problems for future generations.  “The Government could well face a serious battle to get this unpopular measure through the House of Commons, however. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....Britons born between 1970 and 1978 will have to wait an extra year, until they are 68, to claim their state pension, the government has announced. David Gauke, the work and pensions secretary, announced the controversial rise for about 7 million people in their late 30s and early 40s just before the House of Commons breaks up for its summer recess. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
....”. Labour’s shadow education secretary, Angela Rayner has been granted an emergency debate on tuition fees in the Commons on Wednesday. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
....The better question is to ask is whether HS2 is the most effective way to pursue such goals and whether the promised “jobs bonanza” – another pet phrase of the HS2 fans – could be delivered more cheaply by other means. Last year, the House of Lords economic affairs committee and the Treasury committee in the Commons came to the awkward conclusion that the economic case for HS2 had not been made conclusively. ...
Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
....The Taylor review posits that people in the gig economy who choose to work at off-peak times should not necessarily be entitled to the minimum wage. But when I raised this in the House of Commons, the minister could not have been clearer in her assurance: “Minimum wages rates are sacrosanct. ...
British companies must have voices heard on Brexit, says MP image
Source : Guardian [Read Article] Friday 14th of July 2017 05:26:11 PM
. Rachel Reeves, the chair of the House of Commons business select committee, says she will use her powerful new role to ensure Britain’s companies can make their voices heard on Brexit. ...
Pension changes: Anger as workers hit with 'OUTRAGEOUS' tax hikes  image
Source : Daily Express [Read Article] Thursday 13th of July 2017 03:42:00 PM
.... "Cutting the MPAA is an unnecessary measure in the first place, but it is particularly unacceptable to do so with retrospective effect. "How were savers meant to know in May who was going to win the Election? "This is an arrogant announcement based on the assumption that the DUP will vote with the Government on tax measures and so any tax change can be got through the House of Commons. ...
Heathrow night flights to continue until third runway is built image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:54:07 PM
.... The transport select committee will also need to restart its inquiry into the policy, which is unlikely to begin until after the parliamentary summer and conference recesses. Theresa May’s loss of her majority is unlikely to significantly affect the chances of the vote passing through the House of Commons. ...
Southern rail: unions say £13.4m fine is ‘less than a slap on the wrist’ image
....Southern rail’s owner has been fined £13. 4m by the government, prompting a Commons clash with Labour over whether the company or unions were primarily to blame for two years of disruption to services between London and Brighton. ...
Chancellor urged to recover money lost from recruitment sector tax avoidance image
....The chancellor is being asked to reassure parliament that he will recover any monies lost to aggressive tax avoidance in the recruitment sector, after a Guardian investigation exposed how millions of pounds could be lost to the exchequer. Frank Field MP, who is due to be reconfirmed as the chairman of the House of Commons work and pensions select committee on Wednesday, is also asking the Treasury if it has calculated the impact on tax revenues of the liquidation of companies linked to Anderson Group, one of the recruitment sector’s leading financial services firms that promoted a scheme where almost 2,000 mini companies are now being simultaneously wound up. ...
Casual work is still the root cause of destitution | Letters image
Source : Guardian [Read Article] Monday 10th of July 2017 05:43:31 PM
....Noel WhitesideProfessor of comparative public policy, Institute for Employment Research, University of Warwick. • Is Andrew Harrop right to suggest more commissions are needed before Labour can properly focus on the issue of poverty and, I would argue, destitution (Labour has to return to first principles on child poverty, 7 July)? I know that that is a conventional way for Fabians to behave, but is it appropriate now, given that we can agree very quickly on our immediate programme? We are not now simply dealing with poverty as I have known it during my 38 years in the House of Commons. ...
Low-paid workers need better job satisfaction, No 10 review will say image
....The minicab app company Uber is currently appealing an employment tribunal ruling that previously self-employed drivers should be classed as workers and therefore enjoy a guaranteed minimum wage, sick pay and paid holiday. Frank Field, the former chairman of the Commons work and pensions select committee, said he wanted Taylor to demand that the burden of proof that someone is really self-employed be shifted on to companies who contract them. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
. The pension minister's comments sparked outrage during a House of Commons debate, in which Tory backbenchers joined calls for the Government to help millions of women who say they have been "robbed" of retirement income. ...
State pension age to rise SOONER than expected: Minister warns ‘big decisions’ looming image
....To maintain the cost of the state pension, the age would have to rise to 70. 5 years-old by 2060, according to a report by the Commons Work and Pensions Committee earlier this year. ...
Secretary of state for hot air denies the energy price cap fits him | John Crace image
. Greg Clark didn’t appear to know why he had been made to come to the Commons to answer an urgent question on energy prices. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
....6m vulnerable households who receive the warm home discount. Alan Whitehead, the shadow energy minister, asked Clark during an urgent question in the Commons whether he accepted that Ofgem’s response “falls far short” of May’s promise. ...
Britons booking breaks online to get same protection as package holidays image
.... In the end LowCost’s administrators predicted that holidaymakers would each receive compensation of less than £10. The Atol bill, which is getting its second reading in parliament on Monday is the first to be debated in the House of Commons since the Queen’s speech. ...
Forget Murdoch. It’s social media that’s really pulling the strings image
....There’s a certain weary, and very British, circularity to the saga of Sky TV (episode 97). A “quasi-judicial” culture secretary – once Jeremy Hunt, now Karen Bradley – arrives in the Commons looking distinctly queasy-judicial. ...
Fixed-odds betting terminal review delayed until autumn image
Source : Guardian [Read Article] Friday 30th of June 2017 06:11:07 PM
.... Process is really important on this issue. The comment, issued via Twitter, came 24 hours after she expressed “frustration” in the House of Commons that the review will be delayed until October, blaming the general election for slowing parliamentary process. ...
Jeremy Corbyn sacks three frontbenchers over single market vote image
Source : BBC [Read Article] Thursday 29th of June 2017 09:33:48 PM
....Unison's general secretary Dave Prentis was very critical of Mr Umunna's amendment, saying it was "totally inappropriate for Labour MPs to create a split over Europe" and "utterly self-defeating to become bogged down in the worst kind of gesture politics". The government survived its first major Parliamentary test when MPs voted 323 to 309 in favour of the Queen's Speech - the government's package of legislation - which was stripped back after the Tories lost their Commons majority. ...
Sky-Fox takeover deal likely to face competition probe image
Source : BBC [Read Article] Thursday 29th of June 2017 04:12:56 PM
.... . Ms Bradley told the Commons that Ofcom's report into the deal found it risked the Murdoch family having "increased influence" over the UK's news agenda and the political process. ...
Labour MPs warn ministers against ‘grubby deal with Murdochs’ over Sky image
....7bn takeover of Sky after Ofcom warned there were serious concerns that any takeover would hand the family increased influence over news and politics in the UK . The MPs’ intervention came in response to the culture secretary telling the Commons on Thursday that she was “minded” to accept the regulator’s conclusion that the Competition and Markets Authority should conduct a full six-month examination of the deal. ...
Sky's the limit? How broadcaster has fared over three decades image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:05:49 AM
....AprilJames Murdoch steps down as BSkyB chairman but remains on the board. JulyNews Corporation abandons Sky takeover on the day all three main UK political parties are due to call on it to drop the deal in a Commons vote, as public outrage over the News of the World phone-hacking scandal grows. ...
Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
....The regulator’s report said that since agreeing the funding arrangement with Green the BHS scheme now had a £100m surplus. However, Frank Field MP, who was head of the Commons work and pensions select committee until the recent election and led an investigation into the BHS debacle, said the report did not provide sufficient information for the public to judge if the regulator had got a good deal. ...
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. ...

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