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....Strengthening the welfare state and government acting as what economists call an “employer of last resort” would reinstate the safety net, the wall around the cliff edge that acts as a lower bound on income. The truth is that vested interests don’t want this because the more precarious their workforce, the greater the amount of risk they can pass on to their employees, the less they can pay and the less they have to innovate. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:59:05 AM
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Latest Finance News related to Vested Interest

If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....Strengthening the welfare state and government acting as what economists call an “employer of last resort” would reinstate the safety net, the wall around the cliff edge that acts as a lower bound on income. The truth is that vested interests don’t want this because the more precarious their workforce, the greater the amount of risk they can pass on to their employees, the less they can pay and the less they have to innovate. ...
Don’t be a dinosaur image
Source : BBC [Read Article] Friday 24th of February 2017 12:37:05 AM
Toshiba fuels fear of crisis after delaying earnings report image
Source : Guardian [Read Article] Tuesday 14th of February 2017 08:26:41 AM
....Westinghouse has built 91 reactors around the world, of which 67 are still operating, 12 are closed and four are in long-term outage. Toshiba’s withdrawal from the Moorside project “will see all parties with a vested interest running to the government in a desperate bid to secure billions in taxpayers’ funding”, said Shaun Burnie, senior nuclear specialist at Greenpeace Germany. ...
Why the EU must be generous to the UK over Brexit | Hans-Werner Sinn image
Source : Guardian [Read Article] Tuesday 31st of January 2017 03:37:56 PM
....Britain, May has made clear, doesn’t want an arrangement like that of Switzerland or Norway, because that would require it to cede some control over its immigration policy. Submitting to the jurisdiction of the European court of justice, which UK leaders accuse of delivering judgments based on vested interests, is not an option, either. ...
If Brexit Britain is to survive, Theresa May must get industry right | Matthew d’Ancona image
.... Intriguingly, ministers have also been examining the achievements of sports technology, and the extent to which (for instance) tiny changes in technique, uniform and engineering in cycling have yielded Olympic golds. Third, the green paper will set itself against the power of incumbents: the vested interests of industry that seek to rig the rules against new entrants and disruptive forces. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....”. McDonnell, who is the closest ally of Labour leader Jeremy Corbyn, will make a major speech on economic policy this month and hopes to draw a clear dividing line with the Conservatives by showing that he would take on vested interests as chancellor. ...
Bad money image
Source : BBC [Read Article] Saturday 17th of December 2016 12:34:01 AM
...."I do admit the implementation of demonetisation is a little bit messed up but the communication and the rumour mongering around it is far more messed up," he says. "Some of it in fact most of it is deliberate, some of it is an outcome of miscommunication and lack of understanding of technology… it gets amplified from people with vested interest. ...
Will the article 50 ruling stop Brexit? | The panel image
Source : Guardian [Read Article] Thursday 3rd of November 2016 12:36:26 PM
....Whether it’ll make any difference in the long run is a moot point. There are powerful vested interests in the UK already at work to get the ballot overturned or render it meaningless. ...
Lord Wolfson offers £250,000 prize for roads solution image
Source : BBC [Read Article] Thursday 13th of October 2016 10:50:53 AM
...."But that source of revenue is in decline. "So the Treasury has a vested interest in finding solutions - ways out of this problem - that get us to a better place where we can have both a sustainable source of revenue for the government but also better roads for the user. ...
School for mayors image
Source : BBC [Read Article] Tuesday 6th of September 2016 11:48:16 PM
....The Harvard training project will provide individual mentoring and Mr Nutter says that could be a huge benefit to a mayor feeling vulnerable and in need of objective advice. "You need a person who has no dog in the fight, no vested interest, no axe to grind. ...
Changing of the guard image
Source : BBC [Read Article] Monday 22nd of August 2016 10:47:28 AM
.... Once considered one of the world's "fragile five" economies, India is now among the fastest-growing. Vishnu Varathan from Mizuho Bank believes that "political agenda and vested interest" usurped economic sensibility in India and that Mr Rajan should not have been let go before serving a second term. ...
Top UK firms paid five times more in dividends than into pensions image
Source : Guardian [Read Article] Monday 15th of August 2016 11:02:17 PM
....“The proposal is wrong in principle and is unworkable in practice. It is a half-baked idea, pushed by pension lobbyists with a vested interest in allowing companies to break their pension promises. ...
Millions of Britons paying ‘ethnic minority penalty’ for car insurance image
Source : Guardian [Read Article] Wednesday 10th of August 2016 05:01:03 AM
.... Premiums are higher in certain parts of the country because claims costs are higher in certain parts of the country,” he said. “This report was compiled without any consultation with the insurance industry, by people with no understanding of how car insurers price their policies, and was paid for by a firm of solicitors with a vested interest in fuelling the compensation culture. ...

How we can leave the EU without causing chaos in the process
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Source : Telegraph [Read Article] Tuesday 26th of July 2016 02:54:44 PM
....The second procedure is vital to the UK's future cohesion.  There is a danger that relying on Parliament to repeal the odd EU law will simply mean business as usual, with vested interests limiting any change. ...

The liberal hysteria over Brexit shows exactly why we need to leave
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Source : Telegraph [Read Article] Friday 22nd of July 2016 12:10:56 PM
....This is worth bearing in mind during the Brexit negotiations. When these are initiated, the new government will be hammered by a fresh wave of one-eyed EU apologist bullying from EU public servants, French diplomats, numerous "experts" within the EU web of vested interests, UK civil servants (subtly) as well as thousands of social media narcissists conditioned to treat every EU criticism as outrageous. ...
Telecoms companies unite to sign 5G manifesto image
Source : BBC [Read Article] Monday 11th of July 2016 05:43:45 PM
...."Telecom companies cannot blackmail Europe into weakening net neutrality in exchange for investment in 5G networks, and it is disappointing that the European Commission appear to have endorsed their manifesto," said Jim Killock, executive director of the Open Rights Group. "True innovation is not about protecting the vested interests of large telcos. ...
Cautious green light for fracking image
Source : BBC [Read Article] Thursday 7th of July 2016 08:32:57 AM
.... . "The problem with ramping up a whole new high-carbon infrastructure and the fossil fuel vested interests to go with it is that you can't just dial it down later on if emissions start going through the roof. ...
Stock market rebel image
Source : BBC [Read Article] Sunday 26th of June 2016 11:00:19 PM
....As David and Goliath stories go, Brad Katsuyama's is a pretty good one. The 38-year-old has taken on billions of dollars of vested interest on Wall Street, and won for the little guy. ...
How much will YOU save? Rip-off pension charges to be capped under new rules image
Source : Daily Express [Read Article] Thursday 26th of May 2016 11:12:00 AM
.... "The fee should be capped at 0 per cent and this would benefit a further 150,000 investors. "A one per cent cap is something of a victory for corporate vested interests. ...
Boris Johnson accused of 'dishonest gymnastics' over TTIP U-turn image
Source : Guardian [Read Article] Saturday 14th of May 2016 04:19:33 PM
.... They said the comments from Soames were part of “another ill-informed and fundamentally dishonest attack by the Remain camp. What he’s attacking is the fact that the vested interests of member countries prevent any progress towards a TTIP deal. ...
Tax havens have no economic justification, say top economists image
Source : Guardian [Read Article] Sunday 8th of May 2016 11:01:20 PM
....More than half of the companies set up by Mossack Fonseca, the law firm at the centre of the Panama Papers leak, were incorporated in British overseas territories such as the British Virgin Islands. The signatories admit: “Taking on the tax havens will not be easy; there are powerful vested interests that benefit from the status quo. ...
Should offshore firms be allowed a toehold in the NHS? | Zara Aziz image
Source : Guardian [Read Article] Tuesday 12th of April 2016 01:00:10 PM
.... This in itself is certainly a significant conflict of interest. Until now, NHS England held GP surgery contracts, which meant it had no vested interest in a surgery making a profit. ...
Why younger people can’t buy a house: money became too cheap | Dominic Frisby image
.... What politician will stand for that? They daren’t let this market fail because too many people’s wealth is dependent on the value of their home – and homeowners vote more than renters. It’s not just the vested interest issue, with so many MPs being buy-to-let landlords (including 39% of Conservatives). ...
David Cameron admits he profited from father's Panama offshore trust image
Source : Guardian [Read Article] Thursday 7th of April 2016 07:07:28 PM
.... They were sold in January 2010 for a profit of £19,000. He paid income tax on the dividends but there was no capital gains tax payable and he said he sold up before entering Downing Street “because I didn’t want anyone to say you have other agendas or vested interests”. ...
Cameron had stake in father's trust image
Source : BBC [Read Article] Thursday 7th of April 2016 06:39:39 PM
....He said that he had owned stocks and shares in the past but sold them in 2010 shortly before he became prime minister. "I didn't want to anyone to say you've got other agendas or vested interests," he said. ...
The aggressive, outrageous, infuriating (and ingenious) rise of BrewDog | Jon Henley image
.... In his basement bar in Shoreditch, nursing a glass of Born To Die (“Thirty-day shelf life; huge, huge hop aroma, way more bitter than Punk IPA; almost resinous on the tongue; it really hammers those bitter alpha acids – aggressive, assertive, palate-cleansing, refreshing”), Watt flatly accused the Portman Group of “acting like a thinly veiled cartel. They have a vested interest in making sure their member companies entrench their market position. ...
How to join the franchise boom image
Source : Guardian [Read Article] Wednesday 9th of March 2016 07:30:14 AM
....With the proper documents and controls in place, a franchisor can expand its current business model more quickly and at a reduced price – most costs will be borne by the franchisee. Their commitment is almost guaranteed because, unlike an employee, they have a vested interest in how the business develops. ...
Osborne’s pension U-turn shows the Treasury has been hijacked | Polly Toynbee image
.... A system that’s expensive, inequitable, incomprehensible and illogical is now destined to stay that way. The crescendo of protest from vested interests had reached a pitch where political klaxons went off inside No 10. ...
Top lobbying group in historic green energy U-turn image
Source : Guardian [Read Article] Sunday 28th of February 2016 01:17:03 PM
....Related: Why are energy firms U-turning on green agenda now?. This is a major turnaround for an organisation that has historically been criticised by consumer and green groups as a dinosaur protecting the vested interest of incumbent supply companies such as British Gas, SSE and others. ...
Our economic debate on Brexit has descended into insultingly superficial scaremongering image
.... These are just some of the claims made about the consequences of Brexit, all said to be based on objective, evidence based, analysis of the facts. Look at the names behind these reports, however, and you find that despite their claimed impartiality, they are nearly all representative of powerful vested interests. ...
The truth behind China's exchange rate delusion image
Source : Guardian [Read Article] Thursday 18th of February 2016 01:24:52 PM
.... As the Chinese economy slows and default risk grows, the value of state guarantees rises, directing capital away from private-sector growth. This hybrid system clearly impedes credit allocation from catalysing development while creating and sustaining vested interests opposed to change. ...
IMF warns Ukraine it will halt $40bn bailout unless corruption stops image
Source : Guardian [Read Article] Wednesday 10th of February 2016 12:30:20 PM
....The IMF’s managing director, Christine Lagarde, said on Wednesday that “without a substantial new effort” to improve governance, it was hard to see how the Washington-based organisation could continue to provide financial help. “I am concerned about Ukraine’s slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking,” Lagarde said. ...
The government should withdraw its job offer to this Amazon executive | Margaret Hodge image
.... But there is a world of difference between on the one hand ensuring good working relationships, and on the other allowing an elite group to exercise undue influence and enjoy preferential treatment. There is a growing evidence that suggests that this government chooses, too often, to listen to the vested interests of the powerful and rich and to exclude the voices of others. ...
Taylor Wimpey CEO worried about rapid rise in house prices image
Source : Guardian [Read Article] Thursday 4th of February 2016 05:46:03 PM
....The Guardian revealed that Britain’s biggest nine housebuilders possess enough land to build more than 600,000 new homes and are sitting on £1bn of cash. However, Redfern insisted that housebuilders “don’t have a vested interest” to sit on land. ...
BT cannot be allowed to continue dominating the Openreach throne image
Source : Telegraph [Read Article] Sunday 31st of January 2016 09:13:04 PM
.... The trouble in Game of Thrones, and in the real world of telecoms, is that the idea that the good times might be ending can be a difficult one. In a time of plenty (in telecoms terms that’s low prices, thriving competition, and more people with access to more technology and services), the thought that something nasty may be coming over the Wall is often not well received – particularly by incumbents with a vested interest in the status quo, for whom conquering neighbouring territories is much more exciting than building stable foundations for the future. ...
How Australian households became the most indebted in the world image
Source : Guardian [Read Article] Friday 15th of January 2016 01:41:21 AM
....Government, the FIRE sector (finance, insurance and real estate) and the mainstream economics profession deny the existence of a real estate bubble, but Australia’s economic history demonstrates they occur repeatedly, with all signs pointing to one today. Contrary to the analyses of the vested interests, the data clearly establishes Australia is in the midst of the largest housing bubble on record. ...
Some milk and how much for the whole store? Villagers square up to rural shop decline image
.... In the past 20 years, only 16 have ever closed. They are more successful because residents have a vested interest in them and want to see them do well. ...
UK leads e-commerce says Google's Schmidt image
Source : BBC [Read Article] Wednesday 30th of December 2015 06:46:52 AM
....The key, however, was having a "strong engineering lead". Without someone with a vested interest in the company to build the app or technology product, start-ups tend to struggle, he said. ...
Stories of 2015: Yanis Varoufakis, Syriza's anti-austerity motorbiker image
Source : Guardian [Read Article] Thursday 24th of December 2015 11:29:40 AM
....Life has hardly been quiet for Varoufakis since. He writes constantly – “it’s my therapy,” he says – and is in huge demand for speaking engagements, charging a small number of commercial clients thousands of euros per speech (“to maintain my economic independence from vested interests”) and most others “the radical number zero”. ...
Opec faces a mortal threat from electric cars image
Source : Telegraph [Read Article] Wednesday 23rd of December 2015 06:03:27 PM
.... . OPEC’s World Oil Outlook released today is a remarkable document, the apologia of a pre-modern vested interest that refuses to see the writing on the wall. ...
Former pensions minister: 'advisers' secret deals cost savers thousands' image
Source : Telegraph [Read Article] Tuesday 22nd of December 2015 09:26:14 AM
.... . In a formal response to the Work and Pensions Committee's consultation on the financial advice market, Mr Webb urged the Government to force advisers to make their vested interests clear to customers before selling them a pension. ...
Government must shake off hangover of mining to unleash true innovation image
Source : Guardian [Read Article] Monday 14th of December 2015 03:32:02 AM
.... But if Australia is really to swap high vis for high res, then we need to take on the entrenched political economy that is holding things back. Dynamic innovation cannot be unleashed in a country that is captured by the vested interests of the fossil fuel mining industry. ...
Vatican appoints external auditor image
Source : BBC [Read Article] Saturday 5th of December 2015 09:37:53 PM
....PwC will review the Vatican's consolidated financial statements, spokesman Federico Lombardi said, which includes assets, income and expenses. Author Gianluigi Nuzzi obtained secret recordings of Pope Francis this year suggesting the Pontiff had grown exasperated at vested interests in the Vatican. ...
IMF blesses China's yuan but the dollar is still dangerously dominant image
Source : Telegraph [Read Article] Monday 30th of November 2015 08:03:18 PM
.... . Stephen Jen, from SLJ Macro Partners, said premier Li Keqiang and reformers in China’s central bank are using the IMF push – with its allure of global prestige – to defeat vested interests within the Communist Party and push through free-market policies that would otherwise be impossible. ...
Aberdeen may need a shelter from the storm image
Source : Telegraph [Read Article] Monday 30th of November 2015 04:33:15 PM
Budget deficit narrowing is manna from heaven for Scott Morrison | Stephen Koukoulas image
....As a final aside, this budget “repair” goes to the issue of tax reform. As economic efficiency gains would be completely extinguished if the revenue from a GST increase is merely recycled back into the community via welfare and income tax compensation and a lower company tax rate, and with the budget already on track to hit a surplus, why disrupt the functioning of the economy with tax reform only those with a vested interest are lobbying for?. ...
Farm to phone: the Seattle startup disrupting grocery shopping image
Source : Guardian [Read Article] Wednesday 25th of November 2015 06:11:02 PM
....Ronen, founder and CEO of Farmigo, an online farmer’s market that’s trying to make local food access easier for both farmers and consumers, is a little biased. He has a vested interest in disrupting the traditional food chain. ...
Saudi Arabia’s pockets are deep enough to weather oil price slump image
Source : Telegraph [Read Article] Monday 23rd of November 2015 05:43:31 PM
.... . Policies that were once thought of as taboo and marred by vested interests are now seriously being considered as future policy options. ...
Bird flu fears? Relax, your Thanksgiving turkey was frozen months ago image
Source : Guardian [Read Article] Wednesday 18th of November 2015 12:00:04 PM
....“Wholesale prices have increased, but they bear no relation to retail prices under the circumstances of Thanksgiving marketing promotions,” said William. The truth is, supermarkets have a vested interest in supplying their customers with turkeys. ...
How Unilever was left off George Monbiot’s list of palm oil ‘laggards’ | Chris Elliott image
....But mistakes still happen. George Monbiot is an award-winning columnist who is not afraid to challenge vested interests. ...
Why does India still play second fiddle to China?  image
Source : Telegraph [Read Article] Saturday 14th of November 2015 03:40:19 PM
.... . Even assuming, perhaps realistically, that Mr Modi’s ability to cut red tape is constrained by India’s unique blend of bureaucracy and vested interests, growth should settle at 8pc. ...
Sønderborg: the little-known Danish town with a zero carbon master plan #keepitintheground image
....“The momentum is shifting in the right direction when it comes to zero carbon,” says James Goodman, director of futures at Forum for the Future. “There are, of course, key questions to be raised about how quickly this transition can happen, how we are going to fund it and which vested interests might pose potential barriers to change, but overall we are at a phase shift where one system is making way for another. ...
Nuclear debate: 'It doesn’t matter where the money comes from' image
Source : Guardian [Read Article] Wednesday 21st of October 2015 03:30:01 PM
....Simon and Clark claim opposition to Hinkley C is growing in the area. “We’ve had people come to us and tell us privately that they are against it, but can’t speak out because there are so many vested interests here,” said Simon. ...
Era to remember that rescued Britain from its 1970s malaise image
Source : Telegraph [Read Article] Saturday 17th of October 2015 04:14:03 PM
.... The trade unions were militant, unemployment was sharply up and Britain had just suffered its humiliating “winter of discontent”. Thatcher’s response to economic stagnation, ubiquitous strikes and creeping statism wasn’t to buckle like previous Tory prime minister Ted Heath, mollifying vested interests with ever more government largesse. ...
Which way now for Uber? image
Source : BBC [Read Article] Sunday 4th of October 2015 11:01:42 PM
.... And make sure the system is resilient to illegal touting, and unregistered drivers masquerading as licensed cabbies. Gareth Mead, Uber Europe's spokesperson, says the proposals reflect resistance to change, and vested interests from the black cab industry, and aren't in consumers' interests. ...
We should hail innovative Uber, not put the brakes on progress image
Source : Telegraph [Read Article] Wednesday 30th of September 2015 08:09:16 PM
.... Sadly, this story of standing in the way of innovation is not a new one by any means. Time and time again throughout history, it’s been a fight between the positive disruption of challengers and the old guard, digging in their heels to protect vested interests. ...
Peer influence: in business, who can you really trust? image
Source : Guardian [Read Article] Tuesday 22nd of September 2015 06:17:12 AM
.... I spoke to Tina Brown, co-founder and managing director of School Business Services about this issue when she was considering whether to expand the business internationally. It seemed that everyone she spoke to for advice had a vested interest, whether that person was her husband, co-founder, other directors, or one of her friends. ...
China house sales rocket in September on stimulus, but doubts remain image
Source : Telegraph [Read Article] Sunday 20th of September 2015 04:02:11 PM
.... . It is unclear whether premier Li Keqiang has abandoned his efforts to rein in the credit bubble before it spins out of control completely, or whether he has been overruled by powerful vested interests within the Communist Party. ...
Why Jeremy Corbyn and his team would ruin the economy image
Source : Telegraph [Read Article] Monday 14th of September 2015 07:46:36 PM
.... This is not to say that the better-off wouldn’t also be eviscerated – they would be hammered by higher tax, nationalisations, possible confiscations, maybe even a maximum wage that would annihilate incentives and trigger an exodus of talent. Everybody bar trade union bosses and a few other left-wing vested interest groups would lose out. ...
Corbyn’s attack on rich fails to stand up to proper debate image
Source : Telegraph [Read Article] Sunday 6th of September 2015 09:57:35 AM
.... . Students should be “worrying less about aggressive redistribution, which will end up being counter-productive,” I concluded, “than about vested interests that are too close to government and, too often, preventing genuine competition, which, in turn, drives down social mobility too. ...
The Moneyless Man who gave up on cash and embraced foraging and farming image
Source : Guardian [Read Article] Friday 4th of September 2015 06:00:10 AM
....Drinking Molotov Cocktails with Gandhi, published this week, is a fierce attack not just on unsustainable economic and political systems, but on what Boyle says is the failure of many activists and campaign groups to seriously challenge the status quo. “The politicians, big business and even many of the campaign groups have a vested interest in the business-as-usual model. ...
GM technology isn't good or evil - it's what we do with it that counts image
Source : Guardian [Read Article] Friday 28th of August 2015 01:44:00 PM
.... But – as with any technology – I believe we should be cautiously open-minded. The vested interests at play mean the evidence we see from the research community isn’t always objective. ...
Unworkable and unreformable, the euro surely cannot survive another serious downturn image
.... With each recurrent crisis, just enough is done to hold it together. Delusional faith in the euro being in some way Europe’s unavoidable and manifest destiny is not confined to the policymakers with a vested interest in trying to keep it alive. ...
How Facebook is fuelling the growth of the super start-up image
Source : Telegraph [Read Article] Sunday 9th of August 2015 08:25:17 PM
.... “The unique asset we have is distribution – we provide the opportunity to reach more than a billion users on any device and nobody could say that before us,” he said. “And we are definitely the only platform company in the world that has a vested interest in making its ecosystem cross-platform. ...
TTIP: what does the transatlantic trade deal mean for renewable energy? image
Source : Guardian [Read Article] Wednesday 5th of August 2015 08:03:58 AM
.... Many were contacted for this article, but all declined to comment on TTIP. This, one industry source said anonymously, was because “all the large companies have a vested interest in this” – in other words, free trade and reduced regulation is good for business. ...
Discount rates: how money off today can be bad news in the future image
Source : Independent [Read Article] Sunday 2nd of August 2015 09:25:38 PM
....This is a radical agenda, of course. It would involve overturning a system of shareholder-focused corporate life that has been in place for decades, and facing down vested interests. ...
The crisis is over, so let’s focus more on growth image
Source : Telegraph [Read Article] Saturday 1st of August 2015 06:16:04 PM
.... Naturally, there is also already a sizable backlash. Some of this comes from vested interest, such as established hoteliers and incumbent taxi drivers, and can be safely ignored. ...
Why do offshore tax havens still exist? image
Source : BBC [Read Article] Wednesday 29th of July 2015 11:17:23 PM
.... . "It is down to politicians to decide: is that a risk still worth taking? They've got to take on the vested interests in their own jurisdictions, the large companies and so on who still use tax havens. ...
Now a deal has been done, what lies ahead for the Greek economy? image
Source : Guardian [Read Article] Saturday 18th of July 2015 03:00:02 PM
.... “We all feel huge pressure politically, ideologically, psychologically,” admits Makis Balaouras, a veteran leftwinger who became the face of resistance to military rule when he was tortured in the runup to the regime’s collapse in 1974. “But this deal does offer the promise of debt relief, and with it we win time to tackle tax evasion, corruption, vested interests: all the things the left needs to do in power. ...
Greece’s rescue package: utter humiliation or disaster averted? | The panel image
.... How will he garner the political capital to undo the bad habits accumulated by all his predecessors? There are simply not enough public assets to make €50bn in sales. How will he curb strategically placed vested interests? And erase corruption in a cash-based economy?. ...
Greece bailout agreement: key points image
Source : Guardian [Read Article] Monday 13th of July 2015 08:30:23 AM
.... The agreement thrashed out overnight would allow Greece to stand on its feet again, he said. Implementation of the reforms would be tough, he said, but “we fought hard abroad, we must now fight at home against vested interests”. ...
George Osborne is right to listen to sound economics, not Nimbys image
Source : Telegraph [Read Article] Friday 10th of July 2015 06:06:59 PM
.... . Making housing more affordable and providing an adequate supply of homes to sustain Britain’s growing economy is of national importance and it is right that the Chancellor has decided to put the needs of the many ahead of the vested interests of the few in this instance. ...
Pension tax raid will cost the under-50s up to £15,000 image
Source : Telegraph [Read Article] Thursday 9th of July 2015 09:15:02 PM
.... "This has been coming for many years and is now inevitable," he said. "Even among those in the pensions industry who have a vested interest, there are not many who believe tax relief can survive. ...
Greek crisis: Athens submits request for third bailout image
Source : Guardian [Read Article] Wednesday 8th of July 2015 10:41:41 AM
....The Greek prime minister, Alexis Tsipras, has said he is confident of meeting the end-of-the-week deadline set by eurozone leaders to reach a bailout deal or risk leaving the euro. Tsipras told the European parliament that proposals presented to the Eurogroup would involve the restructuring of Greece’s debts along with a package of changes tackling wealthy vested interests in the country, which he said had failed to bear their share of the burden, and an “agenda for growth” to revitalise its ailing economy. ...
IMF heads must roll over shameful Greek failings image
Source : Telegraph [Read Article] Saturday 27th of June 2015 05:38:52 PM
.... . If this were any normal organisation, the IMF’s managing director, Christine Lagarde, would be forced to resign and someone with less of a vested interest in propping up the folie de grandeur of European Monetary Union installed in her place. ...
Hong Kong rejects Jetstar local bid image
Source : BBC [Read Article] Friday 26th of June 2015 02:14:54 AM
....He added that Hong Kong was going in the opposite direction of other aviation markets in Asia that were "opening up". "Given the importance of aviation to global commerce, shutting the door to new competition can only serve the vested interests already installed in that market. ...

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