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.... Or so one assumes, from the official self-congratulation. The European commission marks the 10th anniversary of the credit crisis by trumpeting: “Back to recovery thanks to decisive EU action. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:00:05 AM
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.... First need to secure citizens rights & a financial settlement. A European commission spokesman said: “We will now study the UK position paper on customs carefully in the light of the European council guidelines and the council’s negotiating directives. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 11:31:05 AM
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....He also warned that Ireland would not allow itself to be “used as a pawn” in the Brexit talks if the UK tried to use border negotiations to gain wider leverage in Brussels. The European commission welcomed the UK’s position papers “as a positive step towards really starting phase one of the negotiations. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:27:16 PM
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....Now, though, it is clear that the Bank could have handled the case better. A review commissioned by the Bank’s non-executive directors into the embarrassing chain of events found that the usual processes were not followed when she first joined the Bank in 2013. ... [Read full article on Guardian ]
Sunday 13th of August 2017 06:00:06 AM
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....As a result, far from protecting national agricultural objectives, new free-trade agreements are likely to bring increases in cheap food imports. Research commissioned by the National Farmers Union predicts that a post-Brexit UK is likely to see its imports of beef, poultry, butter and milk powder increase. ... [Read full article on Guardian ]
Thursday 17th of August 2017 07:21:07 AM
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.... Ryanair, which has bid for Alitalia, is not believed to be seeking any part of Air Berlin. The Irish airline lodged a competition complaint on Tuesday with German authorities and the European commission over what it claimed was “the obvious conspiracy” between the German government, Lufthansa and Air Berlin to carve up Air Berlin’s assets, excluding competitors and ignoring EU competition and state aid rules. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 04:43:12 PM
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....Mears, which provides services across the UK – delivering more than 6,000 repairs every day to a portfolio of more than 1m homes – said it had had no involvement with Grenfell Tower, nor with any properties run by Kensington and Chelsea council. But it warned that the “tragic events at Grenfell Tower will impact the housing division later this year as clients review the commissioning and safety practices at their properties”. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 01:00:41 PM
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....As part of his drive for stronger government leadership over the economy, Xi has been moving to reassert control over top state enterprises while reining in sprawling conglomerates such as Wanda, Anbang, Fosun International and HNA Group, which have expanded rapidly via debt-fuelled foreign acquisitions. China’s state planner, the national development and reform commission, said on Friday it would provide better guidance on risks to companies investing overseas in order to prevent “vicious” competition and corruption. ... [Read full article on Guardian ]
Friday 18th of August 2017 05:32:17 PM
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.... Some manufacturers, including Dyson, have been producing motors smaller than 900 watts for many years. The European commission points out that choosing one of the most efficient models could save you more than £50 over the lifetime of the appliance. ... [Read full article on Guardian ]
Saturday 12th of August 2017 06:00:37 AM
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.... It is not yet known if Europcar will retain the perhaps tainted Goldcar name. The deal is attractive to Goldcar’s owners and the last thing they want is outraged consumers bothering Europcar’s management or sending letters to the European competition commission, even if these would strictly be irrelevant to the takeover process. ... [Read full article on Guardian ]
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Latest Finance News related to Commission

China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
....As part of his drive for stronger government leadership over the economy, Xi has been moving to reassert control over top state enterprises while reining in sprawling conglomerates such as Wanda, Anbang, Fosun International and HNA Group, which have expanded rapidly via debt-fuelled foreign acquisitions. China’s state planner, the national development and reform commission, said on Friday it would provide better guidance on risks to companies investing overseas in order to prevent “vicious” competition and corruption. ...
Brexit is a chance for farming reform – but we must get the policy right | Ngaire Woods image
....As a result, far from protecting national agricultural objectives, new free-trade agreements are likely to bring increases in cheap food imports. Research commissioned by the National Farmers Union predicts that a post-Brexit UK is likely to see its imports of beef, poultry, butter and milk powder increase. ...
UK to seek Irish border waivers on customs and food safety after Brexit image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:27:16 PM
....He also warned that Ireland would not allow itself to be “used as a pawn” in the Brexit talks if the UK tried to use border negotiations to gain wider leverage in Brussels. The European commission welcomed the UK’s position papers “as a positive step towards really starting phase one of the negotiations. ...
EasyJet could swoop for parts of Air Berlin as it goes into administration image
.... Ryanair, which has bid for Alitalia, is not believed to be seeking any part of Air Berlin. The Irish airline lodged a competition complaint on Tuesday with German authorities and the European commission over what it claimed was “the obvious conspiracy” between the German government, Lufthansa and Air Berlin to carve up Air Berlin’s assets, excluding competitors and ignoring EU competition and state aid rules. ...
Mears Group cuts profits forecast in wake of Grenfell Tower fire image
Source : Guardian [Read Article] Tuesday 15th of August 2017 01:00:41 PM
....Mears, which provides services across the UK – delivering more than 6,000 repairs every day to a portfolio of more than 1m homes – said it had had no involvement with Grenfell Tower, nor with any properties run by Kensington and Chelsea council. But it warned that the “tragic events at Grenfell Tower will impact the housing division later this year as clients review the commissioning and safety practices at their properties”. ...
UK will 'mirror' much of EU customs system for Brexit, plans reveal image
Source : Guardian [Read Article] Tuesday 15th of August 2017 11:31:05 AM
.... First need to secure citizens rights & a financial settlement. A European commission spokesman said: “We will now study the UK position paper on customs carefully in the light of the European council guidelines and the council’s negotiating directives. ...
Aw, Snapchat! Its shares stood little chance in the face of Facebook image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
....Now, though, it is clear that the Bank could have handled the case better. A review commissioned by the Bank’s non-executive directors into the embarrassing chain of events found that the usual processes were not followed when she first joined the Bank in 2013. ...
Noisy vacuum cleaners will bite the dust under new EU rules image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... Some manufacturers, including Dyson, have been producing motors smaller than 900 watts for many years. The European commission points out that choosing one of the most efficient models could save you more than £50 over the lifetime of the appliance. ...
How I took on a car hire company – and won image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... It is not yet known if Europcar will retain the perhaps tainted Goldcar name. The deal is attractive to Goldcar’s owners and the last thing they want is outraged consumers bothering Europcar’s management or sending letters to the European competition commission, even if these would strictly be irrelevant to the takeover process. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
....During the darkest days of Thatcher’s de-industrialising, high unemployment, beggar-thy-neighbour dystopia of the early 1980s, there was one European leader who offered hope to the beleaguered ranks of industrial workers in the “rust belt” of former mining, steel, engineering, fishing and shipbuilding towns. For the decade from 1985 to 1995, Jacques Delors, as president of the European commission, not only helped fashion the modern-day EU and its single currency, he refined a new and much more purposeful social dimension: a “social chapter” designed to protect the rights of people at work. ...
TalkTalk fined £100,000 for not protecting customers' personal data image
Source : Guardian [Read Article] Thursday 10th of August 2017 05:27:22 PM
....According to the investigation, “rogue” staff at Indian firm Wipro, who resolved high-level complaints and network problems on TalkTalk’s behalf, used the portal to gain unauthorised access to customer data – including names, addresses and phone numbers. Information commissioner Elizabeth Denham said: “TalkTalk may consider themselves to be the victims here. ...
Airbnb faces EU clampdown for not paying 'fair share' of tax image
Source : Guardian [Read Article] Thursday 10th of August 2017 02:52:30 PM
....EU finance ministers will discuss how to force home-sharing platforms such as Airbnb to pay their fair share of taxes and in the right tax domains next month after the French minister for the economy described the current situation as “unacceptable”. The European commission announced on Thursday that a joint proposal from France and Germany would be discussed at a meeting in Tallinn, Estonia, on 16 September. ...
Contaminated eggs scare grows as UK supermarkets pull products image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:38:40 PM
.... Millions of eggs were subsequently removed from sale in Belgium and Germany. The European commission said on Monday that British food safety authorities had been alerted over the weekend that eggs imported from Germany could be dangerous. ...
Monsanto sold banned chemicals for years despite known health risks, archives reveal image
....Any legal liabilities may be shared with the German chemicals company, Bayer, which has mounted a $66bn (£51bn) takeover bid for Monsanto. The European commission aims to complete a competition probe into the merger by 22 August, amid signs of public unease in Europe and the US. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....Ted Hill, who ended up as secretary of the Victorian branch of the Communist party, was an early Slater and Gordon partner. Jennifer Lush, the daughter of Sir George Lush who served on the parliamentary commission of inquiry into Lionel Murphy, was the first female partner. ...
Bank of England to name conflicts officer to vet appointments image
Source : Guardian [Read Article] Wednesday 9th of August 2017 11:22:09 AM
....The newly created role of conflicts officer will report to both the governor, Mark Carney, and Anthony Habgood, the chair of the court which oversees the Bank. The post was announced following a report by Threadneedle Street’s non-executive directors commissioned after Hogg’s departure in March. ...
Sky set to retain live Football League rights in £180m-a-year deal image
Source : Guardian [Read Article] Tuesday 8th of August 2017 09:38:39 PM
....Last month, Jeremy Darroch, the chief executive of Sky, said that the company had “walked away” from bidding for some sports rights recently as there was better value in spending the cash elsewhere in the business. Sky has spent years building its entertainment programming, including long-term deals with Game of Thrones maker HBO and launching Sky Atlantic for top-flight shows, and spending hundreds of millions of pounds annually on original commissions such as glitzy Riviera. ...
Eggs contaminated with insecticide may have entered UK, EU warns image
Source : Guardian [Read Article] Monday 7th of August 2017 12:52:56 PM
....Eggs contaminated with a toxic insecticide harmful to humans may have reached shops in the UK. British food safety authorities were alerted over the weekend that eggs imported from Germany could be dangerous, the European commission said in Brussels on Monday. ...
Trial to phase in hydrogen as fuel to begin in north-west image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
.... It will be made from natural gas using a method known as steam reforming, but Cadent’s plan is to capture the carbon monoxide and small amount of carbon dioxide generated during the process. The captured carbon will be pumped using existing pipelines and stored in Hamilton gas field in the Irish sea, which is due to be decommissioned in the early 2020s – a cost that could be avoided if the facility is repurposed as a repository for carbon. ...
Two pints of best and an English rosé as wine comes to the beer festival image
.... At the time, the court of directors of the Bank said it accepted her resignation with “deep regret” and paid tribute to her contributions. A review was commissioned to learn the lessons of Hogg’s case; whether internal changes made following her resignation were enough and what the Bank should do to ensure compliance with the code of conduct, especially among senior members. ...
Millions of eggs removed from European shelves over toxicity fears image
Source : Guardian [Read Article] Thursday 3rd of August 2017 10:52:41 AM
....About 180 Dutch farms have been temporarily shut down and a criminal investigation has been launched as authorities seek to establish the scale of the problem. A European commission spokeswoman, Anna-Kaisa Itkonen, told reporters in Brussels: “The eggs are blocked. ...
Passengers facing delays and long queues at some European airports image
Source : Guardian [Read Article] Tuesday 1st of August 2017 08:32:11 AM
....A4E said in a statement that the problems had been caused “because EU border controls are significantly understaffed to comply with tightened immigration checks”, adding that some passengers had missed flights as a result. It said it had called on the European commission and member states to find a “swift solution” to the problem, citing “shameful pictures” of long queues in airports such as Madrid, Palma de Mallorca, Lisbon, Lyon, Paris-Orly, Milan and Brussels. ...
BBC women let pay gap happen, review co-chair says image
Source : Guardian [Read Article] Thursday 27th of July 2017 03:18:53 PM
. The co-chair of a government-commissioned review into increasing the number of women in senior business roles has been accused of being “peculiarly out of touch” after he said female BBC staff allowed the gender pay gap at the corporation to materialise. ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
....6m provision for future restructuring. In June, GMG announced it was moving from its Berliner newspaper format to a smaller tabloid size early next year, which includes selling or scrapping its three specially commissioned £80m printing presses, which will further cut costs. ...
UK labour market tsar vows to jail rogue bosses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:01:01 AM
....9m in back pay for 98,150 of the UK’s lowest-paid workers – a 69% increase on last year. It came a fortnight after Matthew Taylor’s government-commissioned report into the world of work, which set out new protections for workers in the “gig economy”. ...
Greece plans return to bond market as Athens sees end in sight to austerity image
.... The market test is crucial to Greece for not only judging sentiment of the market, from which it has been essentially exiled since the start of its economic crisis, but also for weaning itself off borrowed bailout funds. Speaking after the bond issue was announced, the EU’s economy commissioner, Pierre Moscovici, described the public spending cuts imposed on Greece since it almost went bust as “too tough” but “necessary”, adding there was now “light at the end of austerity”. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
.... A source familiar with the matter told Reuters the meeting would address claims it was among German carmakers operating a wide-ranging cartel. The European commission said on Saturday antitrust regulators were investigating a possible German automotive industry cartel after a tipoff. ...
Drop in wind energy costs adds pressure for government rethink image
Source : Guardian [Read Article] Sunday 23rd of July 2017 05:03:35 PM
....By contrast, Arup’s report found that windfarms could be delivered for a maximum of £50-55 per MWh across 15 years. ScottishPower, which commissioned the analysis, hopes to persuade the government to reconsider its stance on onshore windfarms, which the Conservatives effectively blocked in 2015 by banning them from competing for subsidies and imposing new planning hurdles. ...
Asda considers bid for B&M that would give it access to local stores image
Source : Guardian [Read Article] Sunday 23rd of July 2017 04:11:01 PM
.... The two, who live next door to each other and take holidays together, are estimated to be worth almost £2bn in total. According to the Sunday Times, Asda has commissioned external research on B&M with a view to a potential bid, suggesting that Walmart is now prepared to reinvest to prop up the ailing chain rather than offload it. ...
Rushing into a trade deal with the US would harm the UK | Adam Marshall image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:03:00 PM
.... While a comprehensive UK-US free trade deal could be a long-term aspiration, it’s not at the front of the queue for businesses – for whom other, more immediate priorities take precedence. It is a stark fact that the US has many of the world’s toughest and most seasoned trade negotiators, whereas the UK has ceded its policy and knowhow to the European commission for decades. ...
British business chief warns against swift US trade deal image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:52:58 PM
....Marshall said that his reservations about a US-UK free trade agreement were shared by businesses across Britain. “The US has many of the world’s toughest trade negotiators, whereas the UK has ceded policy and knowhow to the European commission for decades,” he writes. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... A light show closes the shopping day under its huge glass roof. The specially commissioned song is titled: Always Here for You. ...
Don’t bin it … how we served the UK’s first ‘food waste wedding’ feast image
....“We’d never catered for a wedding before and I had a few sleepless nights wondering exactly what food would come in,” explains Shirley Southwood, who with partner Ann Fairhurst founded the cafe two years ago. She agreed to the unusual commission for what is thought to be the UK’s first “food waste wedding”, despite the prospect of an hour-and-a-half’s drive to the wedding venue in the Cumbrian fields of Hawkshead. ...
UK court blocks £14bn class action case against MasterCard image
Source : Guardian [Read Article] Friday 21st of July 2017 10:39:18 PM
....MasterCard welcomed the judgment, saying the claim was “completely unsuitable” to be brought under the collective action regime. A law firm, Quinn Emanuel Urquhart & Sullivan, launched the case on behalf of adults in Britain after MasterCard lost a drawn-out appeal against a 2007 European commission decision that ruled its fees were anti-competitive. ...
Britons travelling to Europe offered just €0.88 for £1 image
Source : Guardian [Read Article] Friday 21st of July 2017 06:31:18 PM
....It means cycling fans using their credit cards at the denouement of the Tour de France in Paris on Sunday will get an exchange rate of around €1. 08 once the credit card firm has added its commission. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
....The judge described Scourfield as an “utterly corrupt bank manager” who, driven by “rapacious greed”, had “got his tentacles into the businesses of ordinary and honest people and ripped them apart without a thought for those affected”. The Thames Valley police commissioner, Anthony Stansfeld, has criticised Lloyds for failing to accept that the scam took place despite “overwhelming evidence”, which he said amounted to a cover-up. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
....Higgins is adamant that, since the insulation meets the regulations, the problem must be somewhere else: “In the past, we have had a few cases of noise complaints, which we have attended to, and these have been identified as people moving into new accommodation and getting used to the new properties and different background noises. ” Lambeth council, after two years of pressure from the residents’ association, undertook to find a solution for the social tenants, and were in the process of commissioning further insulation. ...
Top firms must publish figures on ethnic diversity, says report image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:01:11 AM
.... A government-backed report by businesswoman Ruby McGregor-Smith, published in February, said that £24bn could be added to to UK economy each year if minorities were able to progress through their careers at the same rate as their white counterparts. That report by McGregor-Smith, a Conservative peer and former chief executive of the facilities management company Mitie, was published shortly after a government-commissioned review by businessman Sir John Parker concluded the should be a voluntary target for FTSE 100 companies to have least one non-white director by 2021. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....Walker is in many ways an archetypal establishment figure. Born in Wiltshire and educated at Harrow, he is a member of the Conservative party, served a five-year commission in the army and worked in the Middle East for a British trading operation before joining Innospec in 1980. ...
Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
....7% in its response to the Low Pay Commission’s call for comments on minimum wage levels, which are due to be set in the autumn. In a move that will alarm unions, the BCC said it wanted the commission to agree a rise to help low-paid workers deal with the consequences of inflation, but “without pricing people out of jobs”. ...
Jane Austen to star in Bank of England literary links exhibition image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:42:14 AM
.... She made three deposits of £15 each, but never lived to enjoy any of the money – the first withdrawal was made by her sister Cassandra to help pay for her funeral. The £10 note will feature a quote from Pride and Prejudice – “I declare after all there is no enjoyment like reading” – and a portrait of Austen based on the image commissioned by her brother as a frontispiece for the books, based in turn on the only universally agreed life portrait – despite many recent claimants – a fond but amateurish sketch by her sister. ...
How can the Southern rail fiasco be solved? Look to John Lewis | David Boyle image
.... It earns almost nothing from investing or improving services – the original idea behind privatisation. Part is also the dysfunctional system that divided management of the trains from control of the track, which the Major government believed was specified by the European commission. ...
Jeremy Clarkson TV firm made £8m profit after Amazon's Grand Tour image
Source : Guardian [Read Article] Friday 14th of July 2017 10:09:41 AM
....The company employed 20 staff, excluding the four directors, with a total wage bill of £3m and reported £35. 33m in turnover with nearly all of that referred to as related to the “terms of a commissioning agreement”. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
....Board papers had been delivered to the homes of the directors of Carillion, a FTSE 250 business best known as a builder that works on huge construction projects, and the documents contained disturbing news. A review of the group’s finances, commissioned two months earlier from accountants KPMG, had unearthed a gaping hole in the accounts. ...
Irish business seeks €1bn in EU aid to protect firms hit by Brexit image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:40:20 PM
....He was referring to the unspecified investment pledges the Japanese car manufacturer got from Theresa May to stay in Sunderland following the EU referendum. However, such a deal would be controversial and possibly illegal under WTO rules and could prompt protests by Scottish and Welsh producers also exporting to the EU, said Michael Lux, a customs lawyer with 40 years experience including a stint at the European commission. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....The bank also needs to make a profit – McEwan has already warned that the bank is course to report 10 years of consecutive annual losses since its £45bn bailout – and pass its annual stress test from the Bank of England. It also needs the Treasury to reach a deal with Brussels over alternatives to the sale of 300 branches – which were to be known as Williams & Glyn – to meet conditions imposed by the European commission at the time of its bailout. ...
Renewable power critic is chosen to head energy price review image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:47:05 AM
....The Committee on Climate Change also concluded this year that British households’ energy costs were not high compared with the rest of Europe. A BEIS spokesman said: “As committed to in the industrial strategy green paper, we will commission a review to ensure energy costs are as low as possible while meeting our climate change targets. ...
May relaunches premiership with new protections for gig economy workers image
. Theresa May will promise to avoid piling any additional red tape on to companies at the launch of a major government-commissioned report into the world of work, which sets out new protections for workers in the gig economy. ...
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. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
....Santander’s stance is feeble. Yes, it is mitigating the problem by sending the British investors a cheque to cover the value of their rights and offering them a commission-free dealing service if they wish to buy more shares. ...
Spotify denies filling popular playlists with 'fake artists' image
Source : Guardian [Read Article] Monday 10th of July 2017 09:39:31 AM
....But the denial fails to cover the totality of Music Business Worldwide’s allegations. Spotify could still be commissioning songs published under fake names at royalty rates much more favourable to the company than its standard deals with record labels, according to Music Business Worldwide. ...
Driver complaints about car park fine policies hit unprecedented levels image
....Smart Parking, owned by the Australian group Car Parking Technologies, revealed earlier this year that 75% of its revenue comes from parking breach charges and that the number of notices doubled over the 12 months following the roll out of number plate recognition technology. It’s a lucrative business, too, for firms who rely on foot patrols to identify contraventions and who pay “wardens” a commission of up to £30 for every ticket issued . ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
.... The company estimates that its new office will lead to a 284% increase in demand for housing in the city. Carol Galante, faculty director of the Terner Center for Housing Innovation and a former federal housing commissioner, said: “We’ve reached a tipping point where costs are just so high that people are desperate to figure out a solution. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
.... “The time to do these kinds of projects is in an era of higher unemployment,” said Faucher. A recently published report by the Shift commission on the future of work also undermined many of Trump’s claims over employment and a promised 4% GDP growth. ...
Pre-paid funeral plans failing to cover the cost of dying image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....Consumer group Fairer Finance says a perfect storm is brewing as an explosion of online and telesales organisations target elderly and more vulnerable people with a “sell at all costs” mentality. The report, commissioned by funeral provider Dignity, says there is significant evidence of mis-selling in the industry, and called for proper regulation of the sector. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... It is unusual in that it doesn’t advertise, isn’t keen on price comparison websites and doesn’t seek national press coverage. Instead, its services are promoted by an army of independent “partners” or agents who earn commission by encouraging their friends and family to sign up for its gas, electricity, landline, mobile and broadband services. ...
Low-paid workers need better job satisfaction, No 10 review will say image
....A Downing Street review into modern employment is to call on the government to improve the quality of work for millions of people earning the minimum wage after it found too many are stuck with few prospects and falling job satisfaction. A 10-month review commissioned by the prime minister has identified a productivity crisis among the lowest paid workers particularly in sectors such as retail, care work and hospitality, and will urge the government to give the Low Pay Commission a new role to boost job satisfaction. ...
'Battle mood' EU threatens bourbon whiskey in US steel trade row image
Source : Guardian [Read Article] Friday 7th of July 2017 11:17:26 AM
. The European Union is prepared to impose countermeasures within days if Donald Trump takes action to protect the US steel industry, the European commission president has said. ...
Japan and EU expected to sign trade deal on Thursday image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:46:17 AM
....The European Union and Japan are on course to sign a trade deal on Thursday, after talks gained impetus in the wake of Donald Trump’s threat to put up barriers to international commerce. Cecilia Malmström, the European trade commissioner, announced she had reached a political agreement with the Japanese foreign minister, Fumio Kishida: “We ironed out the few remaining differences in the EU-Japan trade negotiations,” she tweeted. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
....Meanwhile, Celtic said they were sure that the football authorities would review their findings that Rangers gained no sporting advantage from the tax-avoidance scheme. A league commission fined Rangers in 2013 but did not strip the club of any titles they had won during the years the scheme was in operation. ...
Ken Loach thinks Brexit will be bad for British films image
Source : BBC [Read Article] Wednesday 5th of July 2017 12:03:52 PM
....64bn was spent by foreign film studios in the UK in the 12 months until 31 March, according to the BFI - up £400m on the previous year, and almost double the amount spent in 2011/12. A report commissioned by the BFI into the likely effects of Brexit found that, depending on the type of deal the UK government reaches with the EU, the British film industry could end up losing up to 14,100 jobs or gaining up to 5,000 more. ...
Public sector pay cap is matter for future budgets, says Grayling image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:56:11 AM
....Theresa May and the chancellor, Philip Hammond, have faced demands from dozens of their own MPs to ease the pain for families by raising pay and blocking school cuts after Jeremy Corbyn’s radical, anti-austerity Labour party stance secured gains in the general election. Many feel action is urgent after a government-commissioned report suggested the average pay of teachers had fallen by £3 an hour in real terms, police officers by £2, while the wages of nurses have stagnated. ...
HBOS took £240m hit after 'serious control breakdown' in Reading image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:35:25 PM
....The bank was “determined to get to the bottom of what happened at HBOS Reading and to find out who knew what, when”. The publication of the missing six paragraphs comes when the FCA is investigating when HBOS knew about the problems in Reading and while Lloyds is awaiting the outcome of an investigation it has commissioned into how it handled the situation when it took over HBOS. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
....Ofgem also said it would push forward with reforms recommended by the competition watchdog, including the energy regulator’s own streamlined switching site and forcing firms to tell their customers if another supplier has a cheaper deal. The regulator is also proceeding with a potentially controversial plan to make comparison sites hide tariffs that they cannot switch customers to immediately and earn commission from. ...
Tell Donald Trump: the Paris climate deal is very good for America | Joseph Stiglitz image
....Just a few weeks before Trump’s decision to withdraw from the Paris accord, the global High-Level Commission on Carbon Prices, which I co-chaired with Nicholas Stern, highlighted the potential of a green transition. The commission’s report, released at the end of May, argues that reducing CO2emissions could result in an even stronger economy. ...
Hard Brexit has been confounded by some harder realities image
Source : Guardian [Read Article] Sunday 2nd of July 2017 06:00:21 AM
....Finally, all those Brexiters who advocate a European Free Trade Area solution ought to be aware that it was because Efta was so unsatisfactory that we joined what became the EU. As Adonis pointed out, Efta’s equivalent of the European commission is called the surveillance authority. ...
Forget Murdoch. It’s social media that’s really pulling the strings image
.... But there were, on both sides of the House, useful efforts to look forward, not back to the corruptions of 2004-07. The European commission – the selfsame commission that waved the Sky bid through, as it happens – fined Google £2. ...
Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell image
....”. The small grey terminal was installed in the shop a year ago, one of two in the city, and has attracted a growing stream of users ever since, providing the shop’s owner with a steady commission. ...
Wimbledon strawberry farmer warns of post-Brexit staff shortage image
Source : Guardian [Read Article] Friday 30th of June 2017 08:22:42 AM
....”. Last week a report commissioned by British Summer Fruits, the industry body that accounts for 97% of berries supplied to UK supermarkets, warned that strawberry and raspberry prices could rise by up to 50% as a result of Brexit. ...
Online fraud 'overlooked' by government says watchdog image
Source : BBC [Read Article] Thursday 29th of June 2017 11:01:37 PM
.... . But the National Audit Office says only one in every 150 police officers specialises in fraud - and it doesn't even feature in a third of the policing plans issued by local police and crime commissioners. ...
Google's fine is big news but the company faces a far bigger threat image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:19:54 PM
.... At the heart of the issue is the fact that the company treats its shopping search engine – Google Shopping – differently from those of competitors, placing it at the top of searches for products by default, and relegating similar services like price comparison site Kelkoo far down the results. The EU’s competition commissioner, Margrethe Vestager, has given the company 90 days to comply, though left the nature of that compliance up to Google. ...
'EU pension' planned for people who move between countries image
Source : Guardian [Read Article] Thursday 29th of June 2017 10:59:21 AM
. A new “EU pension” will be introduced to aid people who move around the continent under proposals from the European commission. ...
UK taxpayers face multi-billion burden for dismantling of North Sea rigs image
....British taxpayers face paying billions of pounds more than previously expected for dismantling the North Sea’s oil rigs in a further sign that the industry is becoming a burden on public finances. Decommissioning oil and gas facilities across the UK continental shelf will cost an estimated £59. ...
World's first cash machine turns gold to mark 50th anniversary image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:33:57 PM
....Five decades after it heralded a transformation in the way people obtained and used cash, the site of the world’s first cash machine was turned into gold to celebrate its 50th anniversary. The brainchild of a Scottish inventor John Shepherd-Barron, the first ATM was opened on 27 June 1967 at a branch of Barclays bank in Enfield, north London, the first of six cash dispensers commissioned by the bank. ...
The Guardian view on the EU’s Google judgment: firm and fair | Editorial image
....The breathtaking fine of €2. 4bn that the European commission has imposed on Google for exploiting its virtual monopoly of search is shocking and welcome. ...
Google fined record €2.4bn by EU over search engine results image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:32:10 AM
....On the back of the finding that Google is the dominant player in the European search engine market, the EU regulator is further investigating how else the company may have abused its position, specifically in its provision of maps, images and information on local services. The commission’s decision, following a seven-year probe into Google’s dominance in searches and smartphones, suggests the company may need to fundamentally rethink the way it operates. ...

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