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....A PSA spokesman said the company "respects regulations in all countries where it operates" and denied doing anything illegal. The group was referred to French prosecutors by the consumer watchdog DGCCRF after its staff seized documents from PSA offices in France a year ago. ... [Read full article on BBC ]
Monday 24th of April 2017 06:37:59 PM
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....The wider energy industry has reacted with scepticism to the plan, saying a price cap could have a negative impact on competition and lead to higher prices. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ... [Read full article on BBC ]
Sunday 23rd of April 2017 11:10:39 AM
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Tuesday 25th of April 2017 09:21:26 AM
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....Conservative ministers have said they need to intervene because many households are paying too much for their energy bills. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:07:41 AM
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....Controlling prices would hurt competition and innovation, the group added. Ministers should instead “respect” an 18-month review of the energy market by the competition watchdog, which decided against a cap in favour of measures to encourage greater switching, Energy UK urged. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:01:33 AM
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....But the Tories say that their policy is different from one proposed by Labour under its former leader, Ed Miliband. "We would have [market watchdog] Ofgem setting the limit, so it would be a cap, so it would be more flexible, it would be able to reflect market conditions - so the market would still have an influence," the Work and Pensions Secretary, Damian Green, told ITV's Peston on Sunday. ... [Read full article on BBC ]
Sunday 23rd of April 2017 01:59:35 PM
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..... •This article was amended on 25 April 2017 to include the correct name for the competition watchdog, the Competition and Markets Authority. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:05:46 AM
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....The March parliamentary hearing was the second time Transline had been called to appear in front of MPs in less than a year, with the first hearing ending disastrously for the company when its finance director, Jennifer Hardy, was accused of misleading parliament. Her evidence provoked Iain Wright, Labour MP and chair of the House of Commons business, innovation and skills select committee, to call on Sports Direct’s founder and majority shareholder, Mike Ashley, to consider axing Transline, which he said had not been candid about the reasons for its lack of an operating licence from the Gangmasters Licensing Authority, an industry watchdog. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 10:49:04 AM
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....”. The FCA, the City watchdog, has included overdraft fees in a review into high interest loans, alongside payday loans and doorstep lending. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 04:51:46 PM
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.... They are rounded to the nearest £1 and include the cost of delivery for online orders. The watchdog also said consumers could find savings at airport shops, noting that it found the iPad mini 2 and Fitbit Flex 2 both for £10 less at Dixons Travel at Glasgow International airport than online at John Lewis. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:00:29 AM
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. A takeover bid for the Isle of Wight Festival is being investigated by a watchdog amid concerns over the deal. ... [Read full article on BBC ]
Wednesday 26th of April 2017 09:47:24 AM
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Latest Finance News related to Watchdog

Energy bill caps put billions in investment at risk, say suppliers image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:33 AM
....Controlling prices would hurt competition and innovation, the group added. Ministers should instead “respect” an 18-month review of the energy market by the competition watchdog, which decided against a cap in favour of measures to encourage greater switching, Energy UK urged. ...
The Crusader: Overhaul of LOGBOOK LOAN laws spells better deal for car buyers image
Source : Daily Express [Read Article] Thursday 27th of April 2017 06:01:00 PM
....Those who buy second hand in good faith can also unexpectedly find themselves losing the vehicle or having to pay off someone else’s loan. Following recommendations by the independent watchdog the Law Commission last year, the Treasury now plans to protect buyers and borrowers alike. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....The March parliamentary hearing was the second time Transline had been called to appear in front of MPs in less than a year, with the first hearing ending disastrously for the company when its finance director, Jennifer Hardy, was accused of misleading parliament. Her evidence provoked Iain Wright, Labour MP and chair of the House of Commons business, innovation and skills select committee, to call on Sports Direct’s founder and majority shareholder, Mike Ashley, to consider axing Transline, which he said had not been candid about the reasons for its lack of an operating licence from the Gangmasters Licensing Authority, an industry watchdog. ...
Isle of Wight Festival takeover bid by Live Nation investigated image
Source : BBC [Read Article] Wednesday 26th of April 2017 09:47:24 AM
. A takeover bid for the Isle of Wight Festival is being investigated by a watchdog amid concerns over the deal. ...
Airport duty-free prices not always cheapest, says Which? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:00:29 AM
.... They are rounded to the nearest £1 and include the cost of delivery for online orders. The watchdog also said consumers could find savings at airport shops, noting that it found the iPad mini 2 and Fitbit Flex 2 both for £10 less at Dixons Travel at Glasgow International airport than online at John Lewis. ...
Government lacks faith in free market, says energy boss image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:07:41 AM
....Conservative ministers have said they need to intervene because many households are paying too much for their energy bills. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ...
Peugeot Citroen investigated over diesel emissions image
Source : BBC [Read Article] Monday 24th of April 2017 06:37:59 PM
....A PSA spokesman said the company "respects regulations in all countries where it operates" and denied doing anything illegal. The group was referred to French prosecutors by the consumer watchdog DGCCRF after its staff seized documents from PSA offices in France a year ago. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
Bill sets out plan to tackle 'extortionate' UK overdraft fees image
Source : Guardian [Read Article] Sunday 23rd of April 2017 04:51:46 PM
....”. The FCA, the City watchdog, has included overdraft fees in a review into high interest loans, alongside payday loans and doorstep lending. ...
Tory price promise image
Source : BBC [Read Article] Sunday 23rd of April 2017 01:59:35 PM
....But the Tories say that their policy is different from one proposed by Labour under its former leader, Ed Miliband. "We would have [market watchdog] Ofgem setting the limit, so it would be a cap, so it would be more flexible, it would be able to reflect market conditions - so the market would still have an influence," the Work and Pensions Secretary, Damian Green, told ITV's Peston on Sunday. ...
General election 2017: Tories to pledge energy bill cap image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:10:39 AM
....The wider energy industry has reacted with scepticism to the plan, saying a price cap could have a negative impact on competition and lead to higher prices. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ...
United Airlines to tie executive pay to customer satisfaction image
Source : BBC [Read Article] Saturday 22nd of April 2017 01:29:14 AM
....The airline has been under heavy scrutiny since video of the incident was shared worldwide. The executive pay decision features in a filing to the US Securities and Exchange Commission financial watchdog. ...
Sadly it was money – not morals – that forced Fox to boot Bill O'Reilly | Lucia Graves image
.... But corporate America had its eyes on Twitter and its hand on its wallet. By the time O’Reilly resigned, no fewer than 80 companies had pulled ads from the network under pressure from consumers, according to the watchdog group Media Matters. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
....Ofcom, the British media regulator, is considering whether 21st Century Fox, the parent company of Fox News, is a “fit and proper” owner of pay-TV broadcaster Sky. Campaigners say the allegations against O’Reilly should alarm the watchdog, which can recommend that the government blocks 21st Century Fox’s £11. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....”. An 18-month review by the competition watchdog last year ruled out a price cap, favouring measures to encourage consumers to switch more instead. ...
Financial watchdog to investigate car finance market image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:47:47 AM
Google takes Android search blow in Russia image
Source : BBC [Read Article] Monday 17th of April 2017 04:20:19 PM
....Google has promised to allow rivals' search engines and apps to be pre-installed on phones running its versions of Android in Russia. The concession follows an out-of-court deal with the country's competition watchdog. ...
Big six energy firms braced for government price crackdown image
Source : Guardian [Read Article] Monday 17th of April 2017 03:43:01 PM
....While the heads of companies including SSE and EDF talk in public about understanding ministers’ concerns and “engaging constructively” with any government regulation, privately there is frustration within the industry at the prospect of further intervention. The competition watchdog last summer finished an 18-month review of the market, ruling out a cap in favour of measures to encourage more switching. ...
Care homes charging for rooms after residents die, watchdog finds image
Source : Guardian [Read Article] Monday 17th of April 2017 01:09:18 PM
. Care homes are charging families for weeks after the death of an elderly relative in some instances, prompting a string of complaints to the competition watchdog that is investigating the sector. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
....And aren’t there enough Tescos already? How come these massive outfits are allowed to take over smaller outfits, whether the smaller ones want them to or not? Remember Kraft’s takeover of Cadbury in 2010? Afterwards, the chocolate bars shrank, the Somersdale factory closed, goodbye to 500 jobs, and the company stopped working with Fairtrade and changed from “a force for social good to the worst example of brutal corporate capitalism”, as the Independent put it. Isn’t there meant to be a monopolies watchdog? The Competitions and Markets Authority? What’s it watching while all these colossal takeovers are going on? The telly? I hope they saw Follow the Money, in which a huge and wicked bank took over a small and idealistic one, murdering and brutally assaulting anyone who impeded them. ...
How Britain can build a successful, lasting industrial strategy image
Source : Guardian [Read Article] Sunday 16th of April 2017 10:03:01 AM
....Finally, the industrial strategy goals should have independent monitoring of the progress made, or the lack of it. The government should take its industrial targets as seriously as its fiscal targets, with an independent watchdog created along the lines of the Office for Budget Responsibility. ...
Ticket resale companies subject of global investigation by consumer groups image
....A Choice series in Australia reported on excessive fees for purchasers and found that in some cases consumers had received fake tickets after buying them through ticket resellers. The group referred several organisations to the Australian consumer watchdog to ask it to investigate the sales. ...
Why dental floss and kippers explain your rising post-Brexit shopping bill image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:37:34 PM
....If your weekly shopping bills seem to be going up, even though the price of a pint of milk is holding steady, there is a good reason for that. According to industry watchdogs, British supermarkets have responded to Brexit-induced inflation and the weaker pound by quietly hiking the cost of less regular purchases such as light bulbs, water filters and dental floss. ...
Millions of EDF customers face second price rise this year image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:36:37 AM
....The company also said wholesale prices were a third higher than a year ago. But this drew a sharp response from the industry watchdog, Ofgem, which said it had not seen a dramatic rise in wholesale prices since EDF’s last increase. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
....Debt charities say stretched households are vulnerable to small changes in their income, rising inflation and higher interest rates. Last week, UK watchdog the Financial Conduct Authority (FCA) also raised the alarm and set out proposals to help millions of people with long-term credit card debt. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
....UK Culture Secretary Karen Bradley has asked regulators to investigate the deal. Last month she told MPs that Ofcom, the media watchdog, and the Competition and Markets Authority, would report to her by 16 May. ...
Lloyds expects payouts to HBOS fraud victims to total £100m image
Source : Guardian [Read Article] Friday 7th of April 2017 08:16:49 AM
....The Financial Conduct Authority is also resuming its investigation into the episode after it was placed on hold in 2013 at the request of Thames Valley police. The watchdog said: “The FCA’s investigation is focusing on the extent and nature of the knowledge of these matters within HBOS and its communications with the Financial Services Authority after the initial discovery of the misconduct. ...
£100MILLION - that's how much Lloyds expects to pay out in fraud compensation image
....The Financial Conduct Authority (FCA) is also resuming its investigation into the episode after it was placed on hold in 2013 at the request of Thames Valley Police. The watchdog said: "The FCA's investigation is focusing on the extent and nature of the knowledge of these matters within HBOS and its communications with the Financial Services Authority after the initial discovery of the misconduct. ...
UK charities fined for data law breaches image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:20:45 AM
. Eleven charities have been fined by the UK's data watchdog for misusing information about millions of past donors to seek further funds. ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
....Responding to the gulf in pay that has emerged between bosses and average workers, MPs on the business, energy and industrial strategy select committee also called on firms to publish pay ratios between top executives and other employees and to put workers on remuneration committees. The MPs urged the government to grant the corporate governance watchdog more powers to hold company directors to account. ...
Bank of England sounds new alarm over consumer credit binge image
Source : Guardian [Read Article] Tuesday 4th of April 2017 11:21:46 AM
....The Bank’s latest remarks on household debts follow signs that rising prices and sluggish wage growth are squeezing incomes and prompting some households to run down savings or turn to loans to cover their living costs. On Monday, the financial watchdog set out proposals to help millions of people languishing under long-term credit card debt. ...
Fibre broadband advertising to be investigated image
Source : BBC [Read Article] Tuesday 4th of April 2017 10:42:13 AM
. The UK's advertising watchdog is looking into the way so-called "fibre broadband" services are marketed. ...
Struggling credit card holders could see fees and charges waived image
Source : Guardian [Read Article] Monday 3rd of April 2017 10:37:47 AM
. Millions of people languishing under long-term credit card debt could see their charges eased or withdrawn under proposals outlined by the financial watchdog. ...
Broadband users could see bills slashed as BT is forced to cut charges image
....Millions of broadband customers could see their bills slashed under proposals from Ofcom that would force BT to cut almost £100m in charges to rivals to provide services to their customers on its network. The telecoms watchdog has published proposals that would see BT-owned Openreach, which controls the UK’s broadband network, dramatically reduce what it charges rivals such as Sky and TalkTalk to offer superfast 40Mb broadband packages to customers via its network. ...
Apple wins Australia ruling to retain Apple Pay dominance image
Source : BBC [Read Article] Friday 31st of March 2017 07:46:25 AM
....Four banks had wanted to negotiate with Apple to gain access to its payments technology for their own apps, avoiding having to pay fees to Apple. But the country's competition watchdog has now barred them from collectively bargaining with Apple. ...
Energy price cap would damage competition, says SSE boss image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:51:29 PM
....The boss of one of Britain’s biggest energy companies has hit out at the prospect of a price cap on bills after Theresa May promised to step in to fix a market that is “manifestly not working for all consumers”. Alistair Phillips-Davies, chief executive of SSE, said that it was disappointing that the retail energy market was still facing intervention having just undergone an 18-month investigation by the competition watchdog. ...
WhatsApp leak lands ex-investment banker with £37,000 fine image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:35:59 PM
....The information was shared several times between 24 January and 16 May 2016, and on one occasion the leak to his friend, who was a client, was about a competitor. “Mr Niehaus used the instant messaging application WhatsApp to share this information,” the financial watchdog said in a statement. ...
Measures to ensure your plans are as safe as houses image
Source : Daily Express [Read Article] Wednesday 29th of March 2017 08:50:00 AM
. The sector is regulated by City watchdog the Financial Conduct Authority, giving you added security. ...
Revealed: Vulnerable pensioners left empty-handed by not reporting cruel fraudsters image
....” . Check that any company is regulated by City watchdog, the Financial Conduct Authority. ...
Watchdog finds £3bn in child support arrears may never be collected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:01:19 AM
. At least £3bn in child maintenance payments ordered by the former Child Support Agency (CSA) may never be paid, the Whitehall spending watchdog has said. ...
Chinese firm MTR to help operate UK's South West trains franchise image
Source : Guardian [Read Article] Monday 27th of March 2017 07:52:43 AM
....It also includes a fleet of 90 new trains, refurbished existing trains, faster journeys across the network and more Sunday services. Anthony Smith, the chief executive of the independent watchdog Transport Focus, said: “Passengers using trains on the South West network told us their main priorities for a new operator are boosting reliability and more space to sit and stand in some comfort. ...
South West Trains: Hong Kong firm MTR to help run rail franchise image
....". Independent watchdog Transport Focus said SWT passengers had told them they wanted more reliability, more space to sit and stand and modernised stations. ...
118 directory enquiry numbers now cost more than a premium rate image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:59:25 AM
.... “That is why we are carefully monitoring the impact of the adoption of these new higher charges by a minority of specialist 118 providers, and are actively considering whether further action is justified,’ a spokesperson says. The premium rate watchdog, the Phone-paid Services Authority, meanwhile, says that following complaints it is investigating the 118 004 service. ...
Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
.... . City watchdog the Financial Conduct Authority (FCA) is introducing new regulations designed to nudge people into moving on. ...
£500 bill for one inquiry leads to call for cap on 118 charges image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:17:33 PM
....99 a minute. Telecom2 is the only operator to have taken advantage of that price band, according to the premium rate watchdog Phone-paid Services Authority, which is investigating complaints. ...
Broadband users in line for millions in Ofcom compensation plan image
Source : Guardian [Read Article] Friday 24th of March 2017 09:31:46 AM
....Broadband and landline customers who suffer poor service could get millions of pounds of money back automatically under a scheme proposed by Ofcom. The telecom watchdog has published proposals to make providers pay for slow repairs and missed deadlines and appointments. ...
Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . The group of former energy watchdog executives warned that previous high-profile interventions, including banning doorstep selling and simplifying the number of available tariffs, had not resulted in consumers being more engaged in the market. ...
Urban spies image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:29:02 AM
....The purpose is to keep people safe, provide more efficient services and prevent overcrowding or other disasters but has anyone ever asked its citizens whether they want to be part of the urban efficiency experiment or offered them ways to opt out of the networked city?. "Very few of us have any real concept of what data smart cities are gathering," said Renate Samson of privacy watchdog Big Brother Watch. ...
Plusnet fined £880,000 for billing former customers image
Source : BBC [Read Article] Wednesday 22nd of March 2017 11:35:44 AM
....Plusnet, an internet service provider owned by BT, has been fined £880,000 for wrongly billing more than 1,000 former customers. An investigation by watchdog Ofcom found that the ISP broke a fundamental billing rule by continuing to charge a group of customers for landline and broadband after they had cancelled services. ...
Labour demands answers over George Osborne's Evening Standard job image
Source : Guardian [Read Article] Sunday 19th of March 2017 08:00:16 PM
.... “I am demanding that the government tell us just how much the Evening Standard earns in advertising revenue from them, and especially from the former chancellor’s old department, the Treasury. “There are a real questions to answer, but Osborne has brazenly flouted the rules by applying for, accepting and announcing a new job before the ethics watchdog could investigate and sanction it. ...
Ruth Davidson doubts George Osborne's ability to remain an MP image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:43:24 AM
. The leader of the Scottish Conservatives has questioned George Osborne’s vow to remain as an MP after he becomes editor of the London Evening Standard, as the chair of the parliamentary standards watchdog pledged to review rules on MPs’ second jobs. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... Osborne’s new job must be agreed by parliament’s advisory committee on business appointments, which is meant to regulate the jobs taken up by former ministers. This is the same watchdog that allowed Gove to go back to work for Rupert Murdoch, former health secretary Lansley to take money from drugs firms and the ex-water minister, Richard Benyon, to take on £1,000 a day in the water industry. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....”. Brown called on City watchdog the Financial Conduct Authority to do more to promote advice, by pointing out that it leads to better outcomes. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
. The Government may struggle to meet its target of clearing the deficit in public finances by 2025 according to the official spending watchdog. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... But even those cheaper, fixed deals are heading north: in March 2016 the site said the best fix was £751, which has jumped to £834 at present. But the main problem with switching, as an investigation by the competition watchdog concluded last year, is that not enough people do it. ...
Budget 2017: Squeeze on family finances 'extended until 2020s' image
Source : BBC [Read Article] Thursday 9th of March 2017 07:40:05 AM
....The Treasury says it has helped poorer workers by increasing the Living Wage. The Budget watchdog - the Office for Budget Responsibility - forecast that government borrowing for 2016-17 would be £51. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
....The prospect of a £1. 7bn fine imposed on the UK by the EU’s fraud watchdog is expected to cast a shadow over Theresa May’s summit with European leaders on Thursday. ...
Osborne to earn £650,000 a year advising US financial firm image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:31:00 PM
....He has already earned close to £800,000 for speeches made to banks and other firms since leaving office in July . The MP for Tatton said he had consulted the business appointments watchdog before taking on the Blackrock job. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....5 percentage points, with the changes coming into effect in April 2016. In the OBR’s economic and fiscal outlook, which is published alongside the budget, the watchdog estimated that such action cost the exchequer £800m. ...
John Lewis broke advertising rules by pulling Apple Watch deal image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:01:00 AM
. John Lewis has been reprimanded by the advertising watchdog for running a Black Friday promotion offering the Apple Watch on sale, only to pull it from its website until the next day when it was marked up to full price. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
....2bn Champions League rights victory putting its business back on track after a torrid 12 months. A boost is needed after the financial and reputational damage of an accounting scandal at its Italian operation and the protracted battle with the industry watchdog over the future of its broadband division. ...
Gina Miller urges FCA investigation into fund management 'price fixing' image
....Her accusations come at a time when the fund management industry is under the FCA’s spotlight. The financial watchdog is currently undertaking a market study into the industry, and interim findings published in November found weak price competition in a number of areas. ...
Chancellor's budget to build up Brexit reserves, not tackle NHS crisis image
....”. Last autumn, Hammond was expecting to borrow £68bn in 2016-17, but the fiscal watchdog, the Office for Budget Responsibility, is now expected to reduce this by at least £10bn, close to the level predicted before the Brexit vote. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
....The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. Back then, the fiscal watchdog, the Office for Budget Responsibility (OBR), overhauled its forecasts to show that the impact of the Brexit vote on the economy would force the government to borrow £122bn more than hoped over coming years. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....However, within days the bulk of the money was transferred through JP Morgan in London to a convicted Nigerian money launderer – a man with whom both Shell and Eni had been negotiating. “The UK authorities have some serious explaining to do,” said Barnaby Pace, a campaigner with the anti-corruption watchdog Global Witness, which has investigated this case for several years. ...
UK pharma firms accused of illegal deals to hike price of life-saving drug image
. Two drugs firms have been accused by the competition watchdog of making illegal deals in order to inflate the price for life-saving hydrocortisone tablets in the UK. ...
China's economic concerns mount as thousands gather for congress image
Source : Guardian [Read Article] Friday 3rd of March 2017 06:26:46 AM
....“We expect the meeting this year to confirm a shift in policy towards reining in risks and away from supporting short-run growth,” Capital Economics said in a report. In perhaps a preview of NPC discourse, China’s new banking watchdog Guo Shuqing warned Thursday of threats posed by debt-strapped state-owned firms, inflated real-estate markets, and massive unregulated lending. ...

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