Margaret Hodge’s position as chairman of the Public Accounts Committee has been called into question following embarrassing revelations over the tax affairs of Stemcor – the £6.3bn-turnover business controlled by her family.
Category: News Wire
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RBS sends small business bankers back to school
Royal Bank of Scotland attempts to revive “relationship manager driven model” with project to take staff back to basics – and put them to work in customers’ companies.
Slow payment of suppliers under attack from MPs
Large businesses and public sector bodies have faced stinging criticism from MPs for their “shocking and indefensible” treatment of small suppliers.
Sluggish start for StartUp Loans scheme
Government schemes designed to let young entrepreneurs access loans and give larger companies expert growth advice are failing to live up to the billing they were given by ministers, the shadow business secretary has warned.
Moneysupermarket founder Simon Nixon moves to Jersey over tax
Simon Nixon, founder of price comparison website Moneysupermarket.com, is moving to Jersey to save millions of pounds in tax.
UK may never recover £66bn spent to rescue banks – MPs
Taxpayers may never recoup the £66 billion of public money that was spent buying shares in RBS and Lloyds Banking Group, MPs warn today.
CBI calls for ‘three or four industrial Olympics’
The CBI has called on the Chancellor to fund a £1.5bn giveaway to business and launch several “industrial Olympics” in his Autumn Statement next month as part of measures to resuscitate growth.
John Lewis launches apprenticeship programme
Department store chain to take on 80 apprentices before the end of 2012.
Comet jobs fear as Deloitte start consultations
The administrators to Comet are to launch consultations with all of the electrical retailer’s staff as fears mount over the future of more than 6,000 jobs.
Moody’s to review UK’s AAA rating in early 2013
Moody’s will revisit the UK’s AAA rating in early 2013, the credit rating agency said on Wednesday night, warning about the weak economy and the eurozone’s debt crisis.
CPP fined record £10.5m for insurance mis-selling
CPP, the credit card insurer, has been fined a record £10.5m by the Financial Services Authority for the widespread mis-selling of insurance products.
John Lewis warns Amazon’s tax avoidance ‘will drive UK companies out of business’
The Government must address the “Amazon tax issue” or risk driving UK-based retailers out of business, the managing director of John Lewis has warned.
Starbucks: your tax questions answered
Despite sales of £3bn in the past 14 years, the coffee giant says it is still not making a profit
Moody’s warns global banks could face downgrades over Libor scandal
Credit rating agency says class action suits could cost banks far more than any fines they might face from regulators
Flexible working isn’t practical for all firms, says CBI
As Nick Clegg outlines proposals to give all workers the right to demand flexible working, businesses warn that the option of reduced hours, job-shares and part-time working is not practical for all firms.
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