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....Debt charities say that as high cost loan companies have been pushed out, demand for credit by people in poverty has moved into other areas. The government is urged to appoint a minister for financial inclusion who has to report annually to Parliament on progress made towards addressing financial exclusion. ... [Read full article on BBC ]
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Latest Finance News related to Parliament

High cost credit products must be tackled, say Lords image
Source : BBC [Read Article] Saturday 25th of March 2017 12:08:14 AM
....Debt charities say that as high cost loan companies have been pushed out, demand for credit by people in poverty has moved into other areas. The government is urged to appoint a minister for financial inclusion who has to report annually to Parliament on progress made towards addressing financial exclusion. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
....       Scottish tax powers. Mr Cox said: “From April the Scottish Parliament will receive a package of new powers including the power to set the rates and bands of income tax on non-savings and non-dividend income. ...
MPs debate £1,200 cap on insurance costs for young drivers image
Source : BBC [Read Article] Monday 20th of March 2017 12:01:54 PM
.... . So-called e-petitions that attract more than 100,000 signatures have to be considered for a debate in Parliament. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....Mrs May said last year that she intended to notify the EU of the UK's intention to leave by the end of March. The move was approved by Parliament two weeks ago when peers and MPs passed unchanged a bill giving the prime minister the authority to set the process in motion. ...
Scottish independence: Referendum demand 'will be rejected' image
Source : BBC [Read Article] Thursday 16th of March 2017 06:01:03 PM
.... . Ms Sturgeon, the Scottish first minister, told BBC Scotland: "It is an argument for independence really in a nutshell, that Westminster thinks it has got the right to block the democratically elected mandate of the Scottish government and the majority in the Scottish Parliament. ...
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. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....Reacting to Mr Chote's comments a Treasury spokesperson said: "This government has reduced the deficit by nearly two thirds since 2010. "We are committed to fiscal discipline and to returning the public finances to balance as soon as possible in the next Parliament, while maintaining the flexibility to support the economy in the near term. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
.... . Labour's shadow chancellor John McDonnell said: "The fact the prime minister won't fully support her own chancellor's Budget measure, and has been forced by Labour to row back on it just 24 hours after he delivered his speech in Parliament, shows the level of disarray that exists at the top of government. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
...." . The Conservatives' last general election manifesto explicitly ruled out rises in National Insurance, VAT and income tax during the lifetime of the current Parliament. ...
Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
....The overall effect of abolishing Class 2 and raising Class 4 will be to raise an extra £145m per year by 2021-22, so it clearly is a tax rise. The government did pass an act of Parliament in 2015, called the National Insurance (Rate Ceilings) Act, which prevented it from raising National Insurance rates, although that will not be breached because it referred to Class 1 National Insurance only, which is paid by employees, not by the self-employed. ...
UK growth forecast for 2017 revised up image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:12:25 PM
.... . "The government does not appear to be on track to meet its stated fiscal objective to 'return the public finances to balance at the earliest possible date in the next Parliament'. ...
High heels row: MPs 'shocked' by women's dress code stories image
Source : BBC [Read Article] Monday 6th of March 2017 02:21:10 PM
....More than 152,000 people signed the petition set up by Nicola Thorp, from London, after she was sent home from her temp job when she refused to wear shoes with a "2in to 4in heel". It was debated in Parliament because it reached more than 100,000 signatures. ...
Rosa Monckton: Let learning disabled work below minimum wage image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:55:05 PM
....". In 2011, Conservative MP Philip Davies told Parliament that disabled people should work for less than the minimum wage during a debate on the Employment Opportunities Bill. ...
Government defeated on Brexit bill image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:06:57 PM
....The government has been defeated after the House of Lords said ministers should guarantee EU nationals' right to stay in the UK after Brexit. The vote, by 358 to 256, is the first Parliamentary defeat for the government's Brexit bill. ...
Overdraft charges are elephant in the room, say MPs image
Source : BBC [Read Article] Wednesday 1st of March 2017 02:41:57 PM
....Overdraft charges are "the elephant in the room" as not enough has been done to tackle subsequent debt problems, a committee of MPs has said. Bank overdrafts were the major source of high-cost borrowing for millions of people, the All Party Parliamentary Group on Alternative Lending concluded. ...
Ford forecasts 1,160 Bridgend job cuts image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:37:23 AM
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
.... . Parliament voted in December to impeach President Park. ...
UK 'must insulate 25 million homes' image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:07:22 AM
....More than one home every minute will need to be refurbished in the UK between now and 2050, experts say. The authors of a report to Parliament say 25 million existing homes will not meet the insulation standards required by mid-century. ...
London Stock Exchange/Deutsche Boerse merger in doubt image
Source : BBC [Read Article] Sunday 26th of February 2017 11:27:20 PM
.... . Syed Kamall, MEP for London and a member of the European Parliament's financial services committee, told the BBC: "I think this is good news for competition, and it's also good news for those who are worried that some business in London might be moved to Frankfurt via the back door. ...
Is it still a man's world behind the camera? image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:21:36 AM
...."It amplifies your voice and the voices of all of those people you are making a film about. "After A Girl in the River, there was legislation about honour killing installed in Parliament in Pakistan. ...
Brexit weekly briefing: article 50 moves closer but EU dashes divorce deal hopes image
.... As the juggernaut crashes on. In the Financial Times (paywall), Martin Wolf marvels at a sentence in the Brexit white paper from earlier this month: “Whilst Parliament has remained sovereign throughout our membership of the EU, it has not always felt like that. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
....” As this page is fond of pointing out, that’s how Robert De Niro’s character, Ace Rothstein, explained the gambling industry in the 1995 film Casino. Remember his words this week, when the Fixed Odds Betting Terminals (FOBT) All Party Parliamentary Group publishes its report on those controversial betting machines in bookies’ shops, which allow punters to gamble on games such as roulette. ...
Supreme court rules parliament must have vote to trigger article 50 image
Source : Guardian [Read Article] Tuesday 24th of January 2017 10:12:29 AM
....Gina Miller, the investment fund manager who was one of the lead claimants in the challenge, welcomed the ruling, saying: “No prime minister, no government can expect to be unanswerable or unchallenged. Parliament alone is sovereign. ...
Bookmakers face losing their licence and huge fines over problem gambling image
....] on an equal footing. Parliament gave us a wide range of regulatory tools for a reason,” she said, adding that sanctions were likely to include “higher penalties”, particularly when a company was guilty of “repeated failings”. ...
Give robots 'personhood' status, EU committee argues image
Source : Guardian [Read Article] Thursday 12th of January 2017 03:52:53 PM
....“If I create a robot, and that robot creates something that could be patented, should I own that patent or should the robot? If I sell the robot, should the intellectual property it has developed go with it? These are not easy questions to answer, and that goes right to the heart of this debate,” Morgan added. The full house of the European Parliament will vote on the draft proposals in February, which will need to be approved by absolute majority. ...
India sees long bank queues as rupee deadline passes image
Source : BBC [Read Article] Friday 30th of December 2016 03:10:11 AM
....Some people, including those of Indian origin living abroad, will be able to exchange the notes in branches of India's central bank until 31 March 2017 - but the process will be more complicated than going to a regular bank. Parliament is preparing laws that will make it a criminal offence to hold the old notes from 1 April 2017 onwards. ...
FTSE falters but Royal Bank of Scotland rises after Deutsche Bank deal image
Source : Guardian [Read Article] Friday 23rd of December 2016 09:51:02 AM
....Although we judge Barclays’ decision not to settle as a net negative, there are a number of theoretical upside risks. Members of the UK Parliamentary Treasury Select Committee have repeatedly called for UK Government intervention to support/defend the position of UK banks vis-à-vis the US DOJ. ...
Charity funding image
Source : BBC [Read Article] Friday 23rd of December 2016 12:20:12 AM
.... . Parliament passed a new law in 2016 making charities more responsible for the methods used by their fundraising agents, and several are looking for new ways of raising money. ...
MPs poised to investigate VAT fraud on Amazon and eBay image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
....As a result, many small British businesses have been left unable to compete. Parliament’s public accounts committee has previously played a central role in shining a spotlight on other tax scandals involving the likes of Starbucks, Google and Amazon. ...
Sturgeon: UK could stay in single market image
Source : BBC [Read Article] Tuesday 20th of December 2016 11:38:21 AM
....She said powers over immigration were increasingly vital for the protection of Scotland's interests, and should be devolved to Holyrood as part of a substantial transfer of new powers after the country leaves the EU. This transfer would include area returned from the EU which currently sit within Scottish Parliament responsibility - such as fishing, the environment, justice and agriculture. ...
The Crusader: Joy as ‘ghost train’ tab settled image
Source : Daily Express [Read Article] Monday 19th of December 2016 02:22:00 PM
.... . The new rules, listed to go through Parliament next year, are in response to a public consultation on issues raised by consumer champion Transport Focus. ...
Ticket resale websites run risk of fines after CMA launches inquiry image
Source : Guardian [Read Article] Monday 19th of December 2016 12:23:00 PM
....”. Labour MP Sharon Hodgson, who chairs the All Party Parliamentary Group on Ticket Abuse, said it was “paramount that enforcement action is taken seriously and swiftly”. ...
Brexit trade deal could take 10 years, says UK's ambassador image
Source : BBC [Read Article] Thursday 15th of December 2016 06:00:25 AM
....In other Brexit developments, the House of Lords EU financial affairs sub-committee has warned that financial services firms could quit the City of London unless there are transitional arrangements, or a "Brexit bridge" to prevent them moving to New York, Dublin, Frankfurt of Paris. And European Parliament president Martin Schulz reiterated there would be no negotiation until the UK had officially notified the EU of its departure. ...
Brexit: Warning firms could leave City over uncertainty image
Source : BBC [Read Article] Thursday 15th of December 2016 12:46:58 AM
....It comes as Prime Minister Theresa May prepares to meet other EU leaders at a summit meeting in Brussels. Mrs May will take part in EU-wide discussions on defence, foreign affairs, migration and the economy as well as holding bilateral meetings with the leaders of Latvia and Lithuania and the president of the European Parliament. ...
HMRC claws back celebrities' tax relief image
Source : BBC [Read Article] Thursday 15th of December 2016 12:17:51 AM
....But now the government and the UK's tax authority spend a lot of energy attempting to tackle "aggressive avoidance". That is bending the rules to gain a tax advantage that Parliament never intended. ...
MPs expected to receive pay rise of more than £1,000 image
Source : Guardian [Read Article] Wednesday 14th of December 2016 02:22:00 PM
....The rise is much greater than that received by most public sector workers, who have been subject to austerity restrictions since 2010. Responsibility for setting MPs’ pay was handed to the Independent Parliamentary Standards Authority (Ipsa) in an effort to defuse controversy. ...
Brexit: Guy Verhofstadt warns against 'eternal' interim deal image
Source : BBC [Read Article] Tuesday 13th of December 2016 01:07:07 AM
....Any interim deal between the UK and the EU should not be allowed to become "eternal", according to a key figure in the negotiations. Guy Verhofstadt, the European Parliament's chief Brexit negotiator, said any "transitional arrangement" should have a strict time limit. ...
Boxing Day shopping ban petition being debated by MPs image
Source : BBC [Read Article] Monday 12th of December 2016 10:54:50 AM
....There are currently no controls on trading hours on that day unless it happens to fall on a Sunday, and campaigners say workers need more rest. But an e-petition calling for Boxing Day to be given protected status similar to Christmas Day and Easter Day gained 138,235 signatures - more than the 100,000 required for Parliament to consider holding a debate. ...
Share Hunter: Sports Directs first half results hit by slide in pound  image
Source : Daily Express [Read Article] Sunday 11th of December 2016 06:14:00 PM
.... . On top of that, founder Mike Ashley was called before Parliament to explain working conditions in Sports Direct’s Derbyshire warehouse. ...
Rail penalty fares: Passengers could get new appeals body image
Source : BBC [Read Article] Saturday 10th of December 2016 01:16:59 PM
....Ministers said "mistakes do happen". The proposals, which will also aim to create "clearer rules" about fines and appeals, follow a public consultation and will go before Parliament next year. ...
HS1 owners consider sale after receiving offers image
Source : Guardian [Read Article] Thursday 8th of December 2016 02:28:27 PM
....HS1 is the UK’s only high-speed railway to date. Parliament is expected to fully ratify plans for the London-Birmingham first phase of HS2 early in 2017, and the government may yet look at a similar concession model for the rail infrastructure. ...
'See past my disability, give me a job' image
Source : BBC [Read Article] Wednesday 7th of December 2016 07:46:17 PM
....A government commitment to increase the employment rate of disabled people will take nearly half a century, according to a group of MPs. The All Party Parliamentary Group on Disability has criticised the government's attempts to halve the disability employment gap, insisting more drastic action needs to be taken. ...
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Len McCluskey image
Source : BBC [Read Article] Tuesday 6th of December 2016 04:27:54 PM
.... . "The Labour Party in Parliament needs to look more like Labour voters. ...
Brexit: EU negotiator says 'time's short' for reaching deal image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:25:15 AM
...."At the beginning, the two years included the time for the council to set guidelines and to authorise negotiations. At the end, the agreement must of course be approved by the Council and European Parliament. ...
Samsung tells South Korea corruption inquiry of 'gift horse' image
Source : BBC [Read Article] Tuesday 6th of December 2016 04:03:37 AM
....Eight firms admit donating funds linked to President Park Geun-hye, but deny seeking favours. Parliament is due to vote on Friday on Ms Park's impeachment over the scandal. ...
Young women 'shut out of jobs market' by lack of support image
Source : BBC [Read Article] Wednesday 30th of November 2016 03:08:28 AM
....A government spokesman said: "There are more women in work than ever before - up by well over a million since 2010 with fewer than 5% of all young women unemployed and not in full-time education. "And we're doing more than ever to support families with the cost of childcare by investing a record £6bn per year by the end of this Parliament, giving working parents up to 30 hours of childcare a week for three- and four-year-olds. ...
New triple lock fear as pensions minister refuses to guarantee its safety image
Source : Daily Express [Read Article] Sunday 27th of November 2016 07:33:00 PM
.... . He said: “As we look ahead to the next Parliament, we will need to ensure we tackle the challenges of rising longevity and fiscal sustainability. ...
EU leaders 'not bluffing' over Brexit terms, warns Malta's PM image
Source : BBC [Read Article] Friday 25th of November 2016 06:08:16 AM
....". Mr Muscat also reiterated the view that even when a final or interim deal is struck between EU leaders and Britain, the European Parliament may decide to veto it in 2019. ...
Business leaders challenge Theresa May's pay proposals image
Source : BBC [Read Article] Friday 25th of November 2016 03:19:54 AM
....And on the issue of binding votes, the report says: "Theresa May, in a speech prior to becoming Prime Minister, indicated that there should be binding votes on executive pay. This has been interpreted by some as annual binding votes on pay outcomes, and policy proposals have been prepared by at least one Member of Parliament on this basis. ...
REVEALED: British workers' 'DREADFUL' decade of ZERO wage growth image
Source : Daily Express [Read Article] Thursday 24th of November 2016 03:58:00 PM
....Britain is now in line for "an additional dollop of austerity" in the 2020s, the think tank warned. It comes after Chancellor Philip Hammond said in the 2016 Autumn Statement that he would target eliminating the budget deficit in the next Parliament. ...
Autumn Statement 2016: 'Hammer blow' bill rise for struggling families image
Source : Daily Express [Read Article] Wednesday 23rd of November 2016 04:45:00 PM
.... It will hit consumers and businesses alike, hurting those who buy business, motor, property, pet and health insurance. "It marks a doubling of Insurance Premium Tax since last year and to claim a consultation on whiplash reforms which hasn’t even gone before Parliament yet will offset this just won’t cut it. ...
Autumn Statement abolished by chancellor image
Source : BBC [Read Article] Wednesday 23rd of November 2016 03:39:31 PM
....The introduction of an autumn Budget means tax changes will be announced well in advance of the start of the tax year. The chancellor said the change would allow for "greater Parliamentary scrutiny" of any changes ahead of their implementation. ...
Autumn Statement: Big increase in borrowing predicted image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:29:37 PM
....But Mr Hammond stressed in his Autumn Statement speech that the forecast for 2017 was still equal to the International Monetary Fund's prediction for the German economy and ahead of its forecast for "many of our European neighbours including France and Italy - a fact that will no doubt be a source of very considerable irritation to some". Instead of trying to balance the budget in 2019-20, the government will instead aim to do so as soon as possible in the next Parliament as part of its new targets. ...
German car chief Matthias Wissmann warns over Brexit image
Source : BBC [Read Article] Wednesday 23rd of November 2016 04:59:17 AM
....". On Tuesday, Brexit Secretary David Davis described his meeting with the European Parliament's chief negotiator Guy Verhofstadt as a "good start". ...
Talks planned on public sector trains image
Source : BBC [Read Article] Sunday 20th of November 2016 02:35:21 PM
.... . Mr Yousaf refused be drawn on whether he favoured nationalising the railways in Scotland, pointing out that the Scottish Parliament does not currently have that power. ...
Northern Powerhouse economy 'needs transport investment' image
Source : BBC [Read Article] Sunday 20th of November 2016 10:44:45 AM
.... . Earlier this year the Conservative government said it was spending £13bn on transport for the Northern Powerhouse over the course of this Parliament "including dramatic improvements to our roads and railways in the North". ...
Sixty Conservative MPs back call to leave single market image
Source : BBC [Read Article] Saturday 19th of November 2016 09:39:32 PM
....Meanwhile, Sir Oliver Letwin, former head of the government's Brexit preparations, and two former law officers said the appeal against a court ruling that means MPs must vote on the UK leaving the EU should not go to the Supreme Court. Instead, they want ministers to bring a bill to Parliament to start the process of Brexit as soon as possible. ...
Pension cold callers could face £500,000 fines as part of planned ban image
.... . It has yet to reach the 10,000 names needed for the government to be required to respond, nor the 100,000 required for it to be considered for a debate in Parliament. ...
MPs can now see off hard Brexit. The ball is in their court | Martin Kettle image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:04:28 PM
.... But the Conservatives face an insurmountable problem. Even if there were no other impediments to an early election, such as the Fixed-Term Parliaments Act, they cannot call one without an agreement on Brexit terms over which they are split. ...
Brexit exposed? image
Source : BBC [Read Article] Thursday 17th of November 2016 12:14:34 AM
....By next Tuesday, the OBR has to come up with forecasts of what will happen to the UK economy and the government finances over the next five years. The Act of Parliament that created the OBR said that its forecasts had to be based on government policies and "may not consider what the effect of any alternative policies would be". ...
Whiplash plans to 'cut car insurance premiums by £40' image
Source : BBC [Read Article] Thursday 17th of November 2016 12:02:37 AM
....". Any changes will require an act of Parliament, so are likely to be many months away. ...
MPs' corporate governance inquiry: what are the key issues? image
Source : Guardian [Read Article] Monday 14th of November 2016 02:05:19 PM
. Parliament launches a series of hearings on reforming British boardrooms on Tuesday, as MPs pledge to ensure Theresa May fulfils her promise to clean up big business. ...
Trade is the lifeblood of humanity. Closed doors lead to closed minds | Will Hutton image
.... If British voters had known Trump was going to be president in June – and known of his attitude to trade – Remain would have won comfortably. Parliament may find it has a duty to veto the application to exercise article 50 before the end of March; the referendum was only ever advisory and Trump’s attitude to trade changes everything. ...
Workers 'cutting hours' because of childcare costs image
Source : BBC [Read Article] Sunday 13th of November 2016 03:04:31 AM
....A Department for Education spokesman said that in England, from September, parents would have up to 30 hours of childcare a week for three- and four-year-olds, "helping to remove the barriers that can stop them from working". "It is backed up by a record £6bn per year investment in childcare by the end of the Parliament, as well as introducing tax-free childcare worth up to £2,000 per child per year. ...
Call for Scots unity over single market membership image
Source : BBC [Read Article] Sunday 13th of November 2016 12:06:21 AM
....Mr Brown will seek to reinforce this position by uniting Holyrood's parties in Tuesday's debate. He said: "I am asking the Scottish Parliament to show consensus on this issue, so we can unanimously call on the UK Government to explore all avenues to protect this access, rather than dragging Scotland out against our will. ...
Lego giveaways in Daily Mail end amid protest image
Source : BBC [Read Article] Saturday 12th of November 2016 05:09:05 PM
.... . The news was announced a week after the Daily Mail and Daily Express faced criticism for their headlines reporting the High Court ruling that Parliament must be given a vote before the government can trigger Article 50 to formally start the process of the UK's exit from the EU. ...
Brexit must happen on time, Theresa May insists image
Source : BBC [Read Article] Monday 7th of November 2016 05:03:47 PM
....Mrs May said judges should "specify how" the vote might happen, if ministers are defeated again. The High Court ruled last Thursday that Parliament should have a say before the UK invokes Article 50 of the Lisbon Treaty - which triggers up to two years of formal EU withdrawal talks. ...
Five minute guide to putting paid to the pension scammers image
Source : Daily Express [Read Article] Sunday 6th of November 2016 12:01:00 AM
.... . In September he launched a petition on the Parliamentary petitions website calling on the Government to ban cold calling. ...

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