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.... Asda had “proactively engaged with suppliers to rectify any lump sum arrangements, which should not have been made” and put further safeguards in place to prevent any further breaches. The GCA report added that the project renewal strategy had been designed by a consultancy commissioned by Asda to achieve cost savings, and it was clear that “the role of the third party consultants was closely bound up with the issues raised”, as they had been able to achieve bonuses based on the amount of money they were able to save Asda. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 06:29:45 PM
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.... Many European countries, including Italy and France, operate banks through their postal operators. The Labour party also included the establishment of a commission to create a Post Bank in its election manifesto. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 11:01:44 PM
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.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ... [Read full article on Guardian ]
Monday 4th of September 2017 05:59:00 PM
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....2bn) fine imposed by the European Union for its abuse of its dominance of the search engine market in building its shopping comparison service. The world’s most popular internet search engine has launched its appeal after it was fined by the European commission for what was described as an “old school” form of illegality. ... [Read full article on Guardian ]
Monday 11th of September 2017 04:27:48 PM
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....Indeed, the European car manufacturers’ association argues that diesel is still the only serious way to meet future EU carbon targets, despite concerns over air quality. Dieter Zetsche, the president of the ACEA, said: “Any rash move away from this technology [diesel] would make it harder to meet the [European] commission’s [carbon] targets. ... [Read full article on Guardian ]
Friday 15th of September 2017 01:35:15 PM
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....There is also a “99% probability” that Trump will announce tariffs on Chinese solar imports before the end of January, according to one source who has held talks with senior US government officials. European commission sources insist the EU’s anti-dumping measure will slowly reduce existing tariffs and “gradually lead to a convergence of the world market price and the EU import price”. ... [Read full article on Guardian ]
Friday 8th of September 2017 11:16:04 AM
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. Multinational food and drink companies have “cheated and misled” shoppers in eastern Europe for years by selling them inferior versions of well-known brands, according to the European commission’s most senior official responsible for justice and consumers. ... [Read full article on Guardian ]
Friday 15th of September 2017 04:00:47 PM
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.... This feeds back, making digital seem relatively more convenient, “inspiring” more people to choose it. A similar self-fulfilling feedback loop can be seen in the European commission’s recent inquiry into implementing cash thresholds that would set limits on the size of cash transactions. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 03:20:30 PM
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.... But I was in a ruminative mood, walking towards Westminster’s Church House for the unveiling of another damning account of Britain’s economy. It was the launch of the interim report from the Institute of Public Policy’s (IPPR) economic commission. ... [Read full article on Guardian ]
Saturday 9th of September 2017 11:05:21 PM
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....Polling by YouGov, however, believed to be the first survey of public attitudes towards the plants, found that 62% of people would be unhappy living within five miles of one. The poll, commissioned by the climate change charity 10:10, found that only 24% would be unhappy living near an onshore windfarm, which the Conservative party has stymied with tougher planning rules. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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....The UK’s £1bn industry that sells films and TV shows such as Victoria, Sherlock and Love Island across Europe is under threat from plans in Brussels that will slash their value to broadcasters on the continent, a cross-party group of MPs has warned the government. The European commission is developing regulations that will allow broadcasters to make their online TV services – such as the iPlayer, ITV Player and Channel 4’s All4 – available to viewers across Europe, while only having to pay the makers of TV shows and films for the right to air their content in one country. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 11:01:26 PM
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....It is official: Brexit is boring – at least on the continent. As the European commission president, Jean-Claude Juncker, delivered his “state of the union” address on Wednesday, setting the tone for the new political year, Brexit was relegated to a brief mention at the end. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 11:50:57 AM
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....A lack of capital investment also remains a serious concern, with only three new oilfields approved since 2016. The only area where expenditure is increasing involves the decommissioning of old oil rigs, such as Shell’s removal of a platform in the Brent field earlier this year. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 05:01:22 AM
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.... That is what we are focused on,” he said. Meg Hiller, the chair of the committee, said both retailers were still taking a commission from overseas-based firms who were defrauding the taxpayer. ... [Read full article on Guardian ]
Wednesday 13th of September 2017 06:10:38 PM
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....Morgan stressed that both the UK and the EU had a strong mutual interest in resolving this problem to ensure a “smooth and orderly Brexit”. “It is therefore surprising that there have been no position papers from the [European] commission or the government proposing how it might be addressed. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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.... The Czech Republic and Malta both said technical work on a turnover tax would be very complicated. France’s finance minister, Bruno Le Maire, urged the EU commission, which is in charge of making legislative proposals, to produce a formal text by mid 2018. ... [Read full article on Guardian ]
Saturday 16th of September 2017 11:03:24 PM
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....“Every competitor will be looking at every agent, thinking ‘How many of them can we get?’”. One former agent told the Guardian that Provident had offered agents a 20% commission if they stayed for three months until it had hired enough CEMs. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 01:16:12 PM
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....6% in 2012. That suggests an increase of more than 100,000 in the number of problem gamblers to 430,000, although the commission described the rate as “statistically stable”. ... [Read full article on Guardian ]
Thursday 24th of August 2017 09:22:37 AM
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.... And regardless of the considerable costs they might incur to fulfil that journey, the driver will have no say in the fare. Uber both sets the fare, then takes a hefty rate of commission from it. ... [Read full article on Guardian ]
Thursday 24th of August 2017 01:05:35 PM
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. The City regulator is at loggerheads with MPs after refusing to publish a report it commissioned into the way Royal Bank of Scotland treated small business customers. ... [Read full article on Guardian ]
Thursday 14th of September 2017 11:01:17 PM
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.... But there is no evidence that this is a general problem. When the coalition embarked on its review of EU competences in 2013, I commissioned a range of reviews and studies to establish the facts. ... [Read full article on Guardian ]
Friday 8th of September 2017 12:25:56 PM
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....Self-exclusion is meant to operate as a fail-safe to prevent anyone who has chosen to bar themselves from gambling, such as people trying to quit, from succumbing to temptation. The company, based in Gibraltar but listed on the London Stock Exchange, failed to spot the “visible signs of problem gambling” displayed by one customer, who resorted to crime to fund their habit, the commission said. ... [Read full article on Guardian ]
Thursday 31st of August 2017 07:37:18 AM
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....The Association of British Bookmakers (ABB) says curbing maximum stakes on FOBTs from £100 to £2, something that could form part of a government review due in October, would seriously damage the industry and the economy. More than 20,000 of the industry’s 106,678 UK jobs could be lost with thousands of the country’s 8,788 bookmaking shops closing, found a study by KPMG, commissioned by the ABB. ... [Read full article on Guardian ]
Thursday 31st of August 2017 05:18:31 PM
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....6%. The European commission’s measure of sentiment increased to 111. ... [Read full article on Guardian ]
Monday 4th of September 2017 11:01:25 PM
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....”. The report by the IPPR thinktank’s commission on economic justice, which features senior business and public figures alongside Welby, stressed that all political parties needed to reject the current patterns of economic growth that delivered most of the gains to corporations and the richest in society. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 06:26:34 PM
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....By what twisted reasoning do Liam Fox, Jacob Rees-Mogg and fellow hard-Brexit Tories claim a mandate for foisting their extremist minority views on the majority of voters? Whether or not they backed Brexit 15 months ago, most people rightly fear a 2019 cliff-edge meltdown damaging livelihoods, incomes and their children’s and grand-children’s futures. Fox, minister for trade deals sans trade deals, embarrassed Britain, his hosts and himself during a recent visit to Japan by accusing the EU commission of blackmail. ... [Read full article on Guardian ]
Saturday 9th of September 2017 11:05:21 PM
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.... Economic confidence is at its highest level in a decade. The European commission’s measure of economic sentiment increased to 111. ... [Read full article on Guardian ]
Sunday 3rd of September 2017 01:47:00 PM
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.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 11:46:30 AM
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....That is certainly how Textbook Studio would like its work with the Manchester brewery Cloudwater to be regarded – as art that, although shown on cans, would work in a gallery. The Salford design agency commissions and curates original art (about 130 pieces annually), which it then works into labelling for Cloudwater’s seasonal beers. ... [Read full article on Guardian ]
Sunday 3rd of September 2017 02:00:07 PM
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.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ... [Read full article on Guardian ]
Friday 15th of September 2017 12:21:12 PM
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Latest Finance News related to Commission

CMA fines estate agents cartel £370,000 for rate fixing image
Source : Guardian [Read Article] Monday 18th of September 2017 02:43:50 PM
....The Competition and Markets Authority (CMA) said this was the second time in two-and-a-half years that it had taken enforcement action against estate agents, and this latest case raised concerns that the sector “does not properly understand the seriousness of anti-competitive conduct and the consequences of breaking competition law”. The six estate agents, all based in the Burnham-on-Sea area of Somerset, had a meeting and agreed to fix their minimum commission rates at 1. ...
Bell Pottinger: father of executive at centre of scandal quits Rentokil board image
....28m) fee for its work, or donate the same amount to charity. On Monday, Tom Moyane, commissioner of SARS, said that the body is to launch legal proceedings against KPMG over reputational damage caused by releasing details of the confidential report it produced for the tax agency. ...
Most Britons 'dislike prospect of living near mini nuclear station' image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....Polling by YouGov, however, believed to be the first survey of public attitudes towards the plants, found that 62% of people would be unhappy living within five miles of one. The poll, commissioned by the climate change charity 10:10, found that only 24% would be unhappy living near an onshore windfarm, which the Conservative party has stymied with tougher planning rules. ...
British expats face 'cliff edge' in pensions and insurance after Brexit image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....Morgan stressed that both the UK and the EU had a strong mutual interest in resolving this problem to ensure a “smooth and orderly Brexit”. “It is therefore surprising that there have been no position papers from the [European] commission or the government proposing how it might be addressed. ...
US retaliation feared as Brussels prepares to close Google’s tax loopholes image
Source : Guardian [Read Article] Saturday 16th of September 2017 11:03:24 PM
.... The Czech Republic and Malta both said technical work on a turnover tax would be very complicated. France’s finance minister, Bruno Le Maire, urged the EU commission, which is in charge of making legislative proposals, to produce a formal text by mid 2018. ...
The eurozone strikes back – why Europe is booming again image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
.... When Jean-Claude Juncker gave his annual state of the union speech on Wednesday last week, Europe’s booming economy was near the top of his list. Ten years since the crisis struck, “Europe’s economy is finally bouncing back,” the European commission president told MEPs. ...
Our home has become a star attraction for films, TV shows and magazines image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
....JJ Media has recently set up a new agency, JJ Connect, based on the Airbnb model. Homeowners pay an upfront fee of £5 a month or £50 a year to list their property, but there is no commission on bookings, as they deal with clients directly. ...
Food brands 'cheat' eastern European shoppers with inferior products image
Source : Guardian [Read Article] Friday 15th of September 2017 04:00:47 PM
. Multinational food and drink companies have “cheated and misled” shoppers in eastern Europe for years by selling them inferior versions of well-known brands, according to the European commission’s most senior official responsible for justice and consumers. ...
Driving force: are electric cars crowding out traditional engines? image
Source : Guardian [Read Article] Friday 15th of September 2017 01:35:15 PM
....Indeed, the European car manufacturers’ association argues that diesel is still the only serious way to meet future EU carbon targets, despite concerns over air quality. Dieter Zetsche, the president of the ACEA, said: “Any rash move away from this technology [diesel] would make it harder to meet the [European] commission’s [carbon] targets. ...
KPMG chiefs in South Africa quit amid Bell Pottinger scandal image
Source : Guardian [Read Article] Friday 15th of September 2017 12:21:12 PM
.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ...
FCA refuses to publish report on RBS and small business customers image
Source : Guardian [Read Article] Thursday 14th of September 2017 11:01:17 PM
. The City regulator is at loggerheads with MPs after refusing to publish a report it commissioned into the way Royal Bank of Scotland treated small business customers. ...
UK's £1bn TV and film sales industry under threat from new regulations image
Source : Guardian [Read Article] Wednesday 13th of September 2017 11:01:26 PM
....The UK’s £1bn industry that sells films and TV shows such as Victoria, Sherlock and Love Island across Europe is under threat from plans in Brussels that will slash their value to broadcasters on the continent, a cross-party group of MPs has warned the government. The European commission is developing regulations that will allow broadcasters to make their online TV services – such as the iPlayer, ITV Player and Channel 4’s All4 – available to viewers across Europe, while only having to pay the makers of TV shows and films for the right to air their content in one country. ...
Might, not right: betting firms get their due on fixed-odds machines image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:27:29 PM
....8m penalty from the Gambling Commission last month after 7,000 people who had voluntarily banned themselves from gambling were still able to access their accounts. The commission reported last year that Paddy Power encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children. ...
Amazon and eBay turning blind eye to VAT evasion, say MPs image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:10:38 PM
.... That is what we are focused on,” he said. Meg Hiller, the chair of the committee, said both retailers were still taking a commission from overseas-based firms who were defrauding the taxpayer. ...
Hang on to your cash. This dash to digitise payments is dangerous | Brett Scott image
Source : Guardian [Read Article] Wednesday 13th of September 2017 03:20:30 PM
.... This feeds back, making digital seem relatively more convenient, “inspiring” more people to choose it. A similar self-fulfilling feedback loop can be seen in the European commission’s recent inquiry into implementing cash thresholds that would set limits on the size of cash transactions. ...
Brexit is a great British bore. Europe has moved on, and the UK should be worried   | Guntram Wolff image
....It is official: Brexit is boring – at least on the continent. As the European commission president, Jean-Claude Juncker, delivered his “state of the union” address on Wednesday, setting the tone for the new political year, Brexit was relegated to a brief mention at the end. ...
Betting firms could be fined over ads 'targeting vulnerable people' image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
....The Labour party called for “strong action” from industry regulator the Gambling Commission, which can impose financial penalties, to prevent more of the “disgusting” adverts. Details of the ads also provoked criticism of the affiliate model, revealed in the Guardian earlier this month, under which anonymous tipsters get paid a commission for sending new customers to betting firms. ...
Hammond eases public sector pay cap, but the squeeze goes on image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:22:02 PM
.... After George Osborne scrapped 2015 and then 2020 as the moment the exchequer achieves a budget surplus, he is determined to stick to the 2025 outlined in the manifesto. Britain has suffered from the longest period of earnings stagnation for 150 years, according to last week’s IPPR economic justice commission report, and since 2011 public sector employees have taken a much bigger hit to their salaries than the average worker in the private sector. ...
Google appeals against EU's €2.4bn fine over search engine results image
Source : Guardian [Read Article] Monday 11th of September 2017 04:27:48 PM
....2bn) fine imposed by the European Union for its abuse of its dominance of the search engine market in building its shopping comparison service. The world’s most popular internet search engine has launched its appeal after it was fined by the European commission for what was described as an “old school” form of illegality. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
.... Decision making could be streamlined by moving from the current unanimity rule to qualified majority voting. The EMF could then take the place of the ECB and the European commission in negotiating the terms of financing programmes with governments. ...
Charity shops: bringing in the cash, but bringing down the high street? image
Source : Guardian [Read Article] Monday 11th of September 2017 06:09:00 AM
....Most members of the public associatecharity shops with high street decline, and 50% think a “healthy” high street should contain fewer charity shops. These stark findings come from a report by thinktank Demos, updating its 2013 report on charity shops, both commissioned by the Charity Retail Association. ...
The Guardian view on the economy: the City is now too big for Britain | Editorial image
. The report released last week by the centre-left thinktank IPPR commission on economic justice comes not a moment too soon. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
....So the flexible market for labour remains firmly in place and pay increases are a pipe dream for most. It’s why the archbishop of Canterbury joined the IPPR thinktank’s commission on economic justice to say, among other things, that trade unions needed more support. ...
Bell Pottinger Middle East bids to split from parent firm as administration nears image
.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ...
There is no Brexit ‘punishment’, apart from the self-inflicted one image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
.... The UK had undertaken in 2014 to pay its 14% share of “all our [EU] expenses” for the next seven years. As the Financial Times pointed out last Tuesday: “The EU commission … is clearly right that the UK should pay its share of budget commitments that have already been signed off, and agree in principle to cover pension liabilities. ...
Like fading powers of the past, Britain shows signs of being in terminal decline  | Will Hutton image
.... But I was in a ruminative mood, walking towards Westminster’s Church House for the unveiling of another damning account of Britain’s economy. It was the launch of the interim report from the Institute of Public Policy’s (IPPR) economic commission. ...
The Observer view on Tory ineptitude on Brexit negotiations | Observer editorial image
....By what twisted reasoning do Liam Fox, Jacob Rees-Mogg and fellow hard-Brexit Tories claim a mandate for foisting their extremist minority views on the majority of voters? Whether or not they backed Brexit 15 months ago, most people rightly fear a 2019 cliff-edge meltdown damaging livelihoods, incomes and their children’s and grand-children’s futures. Fox, minister for trade deals sans trade deals, embarrassed Britain, his hosts and himself during a recent visit to Japan by accusing the EU commission of blackmail. ...
Two million UK families face £50-a-week cut in income image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
....More than 2 million poor families will be more than £50 a week worse off by the end of the decade, according to an alarming analysis of welfare cuts, crippling rent rises and looming inflation. In a bleak assessment of the plight of the poorest families in Britain, the study commissioned by the Local Government Association found that more than 84% of those set to lose £50 a week or more are households with children, either lone parents or couples. ...
Don't dig deep for a pre-paid funeral plan image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
.... What is covered varies between providers, and plans are sold in different ways – including by telephone and “in-home” sales agents – and there have been claims that some companies are using aggressive tactics. However, many people may be unaware of the commission and administration fees charged by some providers acting as middlemen between the customer and the funeral director. ...
The Tory fallacy: that migrants are taking British jobs and driving down wages | Vince Cable image
.... But there is no evidence that this is a general problem. When the coalition embarked on its review of EU competences in 2013, I commissioned a range of reviews and studies to establish the facts. ...
Anti-smuggling proposal 'may let tobacco industry in by back door' image
Source : Guardian [Read Article] Friday 8th of September 2017 12:18:16 PM
. Tobacco campaigners are concerned that new draft proposals from the European commission for a system to prevent cigarette smuggling may let the industry in by the back door. ...
Solar industry says EU tariffs on Chinese imports will raise panel prices image
Source : Guardian [Read Article] Friday 8th of September 2017 11:16:04 AM
....There is also a “99% probability” that Trump will announce tariffs on Chinese solar imports before the end of January, according to one source who has held talks with senior US government officials. European commission sources insist the EU’s anti-dumping measure will slowly reduce existing tariffs and “gradually lead to a convergence of the world market price and the EU import price”. ...
Bell Pottinger’s Asian arm separates from UK parent company image
Source : Guardian [Read Article] Friday 8th of September 2017 09:12:00 AM
.... It is also expected to consider separating from the parent company. It has also emerged that South Africa’s Democratic Alliance National party is pushing for access to 45,000 documents that could shed more light on the relationship between Bell Pottinger and Oakbay, the client that commissioned the secret campaign to stir up racial tension which is owned by one of the country’s richest and most controversial families, the Guptas. ...
Government should cut Bank of Ireland out of Post Office bank, says report image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
.... Many European countries, including Italy and France, operate banks through their postal operators. The Labour party also included the establishment of a commission to create a Post Bank in its election manifesto. ...
Publish leaked RBS report, MPs tell FCA image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
.... Morgan said: “The FCA told the committee in November 2016 that a full account of the findings from the skilled persons’ report would be published. Nearly a year later, and nearly four years since the report was commissioned, we are still waiting for answers. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
.... If Bond was deemed too weak to stand up to Glencore’s chief executive, Ivan Glasenberg, how on earth does Hellawell qualify as a credible counterweight to Sport Direct’s Mike Ashley?. The complaints against Hellawell are well known and extend far beyond the failure to honour a promise to commission an independent review of working practices. ...
Parents urged to save THOUSANDS to cope with cost of bringing up children  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 11:14:00 AM
....They spend a further £3,662 on average during their child’s degree on everyday essentials such as bedding, books, groceries, gadgets, clothes and even kitchen utensils. Jenny Cheung, director at American Express, which commissioned the research, said it pays to get all the family involved: “For your child’s next birthday, why not ask family members to buy educational items or give your children spending money to put towards a new laptop or other gadgets?”. ...
North Sea oil and gas sector losing thousands of jobs, survey shows image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:01:22 AM
....A lack of capital investment also remains a serious concern, with only three new oilfields approved since 2016. The only area where expenditure is increasing involves the decommissioning of old oil rigs, such as Shell’s removal of a platform in the Brent field earlier this year. ...
Asda forced to repay suppliers after breaching fair dealing code image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:29:45 PM
.... Asda had “proactively engaged with suppliers to rectify any lump sum arrangements, which should not have been made” and put further safeguards in place to prevent any further breaches. The GCA report added that the project renewal strategy had been designed by a consultancy commissioned by Asda to achieve cost savings, and it was clear that “the role of the third party consultants was closely bound up with the issues raised”, as they had been able to achieve bonuses based on the amount of money they were able to save Asda. ...
UK’s economic model is broken, says Archbishop of Canterbury image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:26:34 PM
....”. The report by the IPPR thinktank’s commission on economic justice, which features senior business and public figures alongside Welby, stressed that all political parties needed to reject the current patterns of economic growth that delivered most of the gains to corporations and the richest in society. ...
Bell Pottinger loses clients and staff in wake of South Africa scandal image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:13:28 PM
.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ...
Bell Pottinger expelled from PR trade body after South Africa racism row image
Source : Guardian [Read Article] Monday 4th of September 2017 05:59:00 PM
.... The agency’s alleged role was to stir up anger about 'white monopoly capital' and 'economic apartheid' to draw attention away from the wealthy​ Gupta family, who have been accused of benefiting financially from their links to President Jacob Zuma. Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ...
Brew period: the craft beer labels that are works of art image
Source : Guardian [Read Article] Sunday 3rd of September 2017 02:00:07 PM
....That is certainly how Textbook Studio would like its work with the Manchester brewery Cloudwater to be regarded – as art that, although shown on cans, would work in a gallery. The Salford design agency commissions and curates original art (about 130 pieces annually), which it then works into labelling for Cloudwater’s seasonal beers. ...
The longer Brexit stays up in the air, the higher the risk flights will be grounded image
....Ryanair has long negotiated deals with airports, cities and governments in virtually every country in Europe, and has frequently rubbed up against EU legislation. It is no fan of the European commission, the executive arm of Brussels, but it is still fully cognisant of the worth of Europe. ...
UK gambling industry now takes £14bn a year from punters – report image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:18:31 PM
....The Association of British Bookmakers (ABB) says curbing maximum stakes on FOBTs from £100 to £2, something that could form part of a government review due in October, would seriously damage the industry and the economy. More than 20,000 of the industry’s 106,678 UK jobs could be lost with thousands of the country’s 8,788 bookmaking shops closing, found a study by KPMG, commissioned by the ABB. ...
Doorstep lender Morses swipes customers from troubled rival Provident image
Source : Guardian [Read Article] Thursday 31st of August 2017 01:33:07 PM
....Unlike Provident, Morses has been increasing its force of self-employed agents, adding another 400 since March. Most of them have come from its bigger rival, attracted by a guaranteed commission in the first year. ...
Gambling firm 888 fined record £7.8m for failing vulnerable customers image
Source : Guardian [Read Article] Thursday 31st of August 2017 07:37:18 AM
....Self-exclusion is meant to operate as a fail-safe to prevent anyone who has chosen to bar themselves from gambling, such as people trying to quit, from succumbing to temptation. The company, based in Gibraltar but listed on the London Stock Exchange, failed to spot the “visible signs of problem gambling” displayed by one customer, who resorted to crime to fund their habit, the commission said. ...
Slowdown in consumer credit growth spells trouble for UK economy | Phillip Inman image
.... Yet it is increasingly clear that the post-2014 boom in jobs and growth was tied to a period of 10%-plus consumer credit growth and that era now appears to be over. Adding to the gloom, a fall in consumer confidence predicted by the European commission’s monthly index for August confirmed the trend. ...
Arnold Schwarzenegger joins call to act over mis-sold PPI before deadline image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 09:55:00 AM
.... Martin Lewis, founder of MONEYSAVINGEXPERT. com, said providers must compensate you if they charged more than 50 per cent in commission: "The average bank and building society commission was 67 per cent so compensation will be hundreds or even thousands of pounds for some. ...
Mitie investigated by FCA over results and profit warning image
Source : Guardian [Read Article] Tuesday 29th of August 2017 05:56:07 PM
....Outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes on contracts that were taken on during the financial downturn, often with paper-thin margins. A failure by some clients to renew or commission new contracts has compounded the problem, leading Mitie to issue two more profit warnings in quick succession to its first in September 2016. ...
No 10 insists early talks on post-Brexit trade deal are possible image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:42:44 AM
. Downing Street has said the government will not back away from its demand to kick off negotiations on a post-Brexit trade deal as soon as possible – even though the European commission president, Jean-Claude Juncker, flatly dismissed the idea on Tuesday. ...
Employers failed to pay $17bn in super since 2009, tax office says image
Source : Guardian [Read Article] Tuesday 29th of August 2017 08:58:17 AM
....The ATO says it has successfully detected and clawed back $3bn of that money, leaving employees’ super savings $14bn out of pocket since 2009. “While this analysis shows that 95% of the estimated superannuation guarantee (SG) is paid to employees, the gap exists because some employers appear not to be meeting their super-guarantee obligations either by not paying enough or not paying it at all,” ATO deputy commissioner James O’Halloran said. ...
Client accuses Savills of confidentiality breach in Candy brothers dispute image
....Holyoake wants Savills to turn over any further correspondence that could lend weight to his claim that the estate agent improperly disclosed its €16m (£15m) valuation of his Ibiza property, called Casa Campanilla. Holyoake will highlight a close working relationship between the Candys and Savills, including the fact that the estate agency earned a £10m commission on the brothers’ One Hyde Park development. ...
Students struggling with finances in 'desperate state', claims union image
Source : Guardian [Read Article] Saturday 26th of August 2017 02:50:08 PM
....The survey also finds that many students are struggling to get together enough money to cover basic costs such as travel and textbooks. The findings come before the launch this week of an NUS Extra poverty commission that will look at the barriers to entering education for working-class people. ...
Need a well-paid student job you enjoy? Here are a few off-the-wall ideas image
Source : Guardian [Read Article] Saturday 26th of August 2017 05:59:28 AM
.... “It was easy – I knocked on the doors of other students and asked if they’d like to go to Amsterdam or Cornwall,” she says. Hundreds would go on each trip and she earned £10 commission on each ticket she sold. ...
Banks brace for rush of PPI claims as £42m TV ad campaign begins image
Source : Guardian [Read Article] Friday 25th of August 2017 10:21:14 AM
....2 million customers previously rejected are being told they may have other grounds for complaint. This is because of a crucial court ruling in 2014 – named after the Paragon customer Susan Plevin – that means customers can make claims for the commission they paid when the PPI was sold. ...
Inside the gig economy: the 'vulnerable human underbelly' of UK's labour market image
.... And regardless of the considerable costs they might incur to fulfil that journey, the driver will have no say in the fare. Uber both sets the fare, then takes a hefty rate of commission from it. ...
Number of problem gamblers in the UK rises to more than 400,000 image
Source : Guardian [Read Article] Thursday 24th of August 2017 09:22:37 AM
....6% in 2012. That suggests an increase of more than 100,000 in the number of problem gamblers to 430,000, although the commission described the rate as “statistically stable”. ...
Provident Financial in race to fix technical problems and retain staff image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 01:16:12 PM
....“Every competitor will be looking at every agent, thinking ‘How many of them can we get?’”. One former agent told the Guardian that Provident had offered agents a 20% commission if they stayed for three months until it had hired enough CEMs. ...
Is it time for Labor to challenge the hands-off approach to industrial relations | Greg Jericho image
....On the employers’ side, the Ai Group has argued that the increase in terminations is not evidence that the enterprise bargaining system is broken. It argues that, despite the high-profile terminations “each year, on average, 17,000 enterprise agreements are approved by the 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. ...

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