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Ikea 'Regrets' Using Forced Prison Labour

Written By Unknown on Sabtu, 17 November 2012 | 11.46

Ikea says it "deeply regrets" the use of forced prison labour by suppliers in communist East Germany more than two decades ago. The Swedish furniture giant apologised after commissioning a report into claims political prisoners worked in factories making...
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Exclusive: Santander UK Plots Jersey Sale

The British arm of the giant banking group Santander is reviewing the future of its Jersey-based private banking arm days after rival HSBC was accused of using its business there to provide accounts to convicted criminals. I have learned that Santander...
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RBS And Lloyds TSB 'May Cost Taxpayer £66bn'

Written By Unknown on Jumat, 16 November 2012 | 11.46

More than £66bn of taxpayers' money invested in RBS and Lloyds TSB may never be recovered, MPs have warned. The Commons Public Accounts Committee (PAC), warned that lessons needed to be learned from the sale of Northern Rock - and applied to decisions...
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Fuel Price Misery: AA Demands Action

The AA has accused ministers of failing drivers and businesses by failing to clamp down on what is sees as unfair fuel prices. The motoring group says while average unleaded prices have gone down from 138.95p a litre in mid October to 135.08p - with...
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John Lewis Boss Urges Action On Foreign Firm Tax

Written By Unknown on Kamis, 15 November 2012 | 11.46

The managing director of retail chain John Lewis has become the first leader of a British business to call on the Government to examine the way foreign multinationals pay tax in the UK. Andy Street told Jeff Randall Live exclusively that the Treasury...
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Credit Card Insurer Close To FSA Deal

CPP, one of Britain's biggest credit card protection providers, is poised to reach a settlement with regulators that could safeguard its future. I understand that CPP is on the verge of announcing that the Financial Services Authority (FSA) has agreed...
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PM Ditches Banker Trade Envoys In Shake-Up

Written By Unknown on Rabu, 14 November 2012 | 11.46

By Mark Kleinman, City Editor Two of the figures most closely-associated with the reputational crisis at Britain's banks are being quietly dropped as international flag-bearers for British business. Sir Victor Blank, architect of the disastrous...
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Gas Prices: Watchdogs Probe Fixing Claims

Downing Street has urged the Financial Services Authority (FSA) and Ofgem to speedily investigate a whistleblower's claim that Britain's wholesale gas market has been frequently manipulated by energy companies. The allegations, revealed by The Guardian,...
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Gas Prices: Watchdogs Probe Fixing Claims

Written By Unknown on Selasa, 13 November 2012 | 11.46

The Financial Services Authority (FSA) and Ofgem are investigating claims by a whistleblower that Britain's wholesale gas market has been frequently manipulated by energy companies. The allegations, revealed by the Guardian newspaper, suggest the £300bn...
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Workers To Be Able To Ask For Flexible Hours

By Gerard Tubb, Sky Correspondent Every employee in the country is to be given the right to ask for flexible working hours as the Government tries to get more unemployed women into work. Nick Clegg, the Deputy Prime Minister, believes that enabling...
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Greece Passes 2013 Austerity Budget

Written By Unknown on Senin, 12 November 2012 | 11.46

Greek lawmakers have approved the country's 2013 austerity budget involving fresh spending cuts. The budget passed by a 167-128 vote in the 300-member Parliament. It came days after a separate bill of deep spending cuts and tax hikes for the next two...
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Fuel Duty: Chancellor Osborne Under Pressure

Chancellor George Osborne is facing increasing pressure to abandon the Government's controversial 3p-a-litre increase in fuel duty planned for January. Labour are calling on the Government in a Commons vote this afternoon to delay the tax hike until...
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Exclusive: Royal Mail To Deliver Float

Written By Unknown on Minggu, 11 November 2012 | 11.46

By Mark Kleinman, City Editor The Government is to begin sounding out City investors about their appetite to buy shares in Royal Mail ahead of a potential flotation of the postal service. I have learned that ministers and the Shareholder Executive,...
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Chancellor Told To Halt Petrol Price Hike

Chancellor George Osborne is under renewed pressure to abandon a planned increase in fuel duty, amid warnings that the rising price of petrol was putting household budgets under unprecedented pressure. As MPs prepare to vote on Monday on the planned...
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