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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title>East Ham 'identity fraud capital'</title><link>http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/</guid><comments>http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/scams-and-fraud/" rel="tag">Scams &amp; Fraud</a></p><div class="photo-block">
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The UK's top spot for identity fraud has been revealed as East Ham in London, with about seven times more attempts than the national average.<br />
<br />
Outside London, Altrincham in Cheshire is the UK's worst location for identity fraud, with 13 fraud attempts for every 10,000 adults, more than three times the national average.<br />
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London as a whole experienced 11 attempts for every 10,000 adults, although East Ham saw 27 attempts for every 10,000 adults in 2012, figures from credit-checking group Experian showed. Other hotspots for identity fraud include London commuter towns Hatfield, Dartford and Camberley.<br />
<br />
Experian said identity fraud was highest in inner-city, mixed neighbourhoods with low to middle incomes.<br />
 
<div id="continued">But it added victims are also being targeted in more affluent towns near the UK's major cities - typically younger couples living in new homes, with average incomes and a high demand for credit.<br />
<br />
Other identity fraud hotspots include Birmingham, Manchester, Stretford in Manchester, St Albans in Hertfordshire, Sutton Coldfield in Birmingham and Slough.<br />
<br />
Within London, identity fraud was also prevalent in Romford, Bexleyheath, Woolwich, Cheapside, Stratford, Ilford, Walthamstow, Lewisham, Enfield.<br />
<br />
Nick Mothershaw, UK and Ireland director of identity and fraud at Experian, said: "It comes as no surprise that the capital remains a target for third-party fraudsters - particularly around densely populated inner-city boroughs where identities are easier to steal.<br />
<br />
"However, fraudsters are clearly attracted to rich pickings in more affluent areas, where access to an identity might be harder to obtain but the prize makes it worth the extra effort.<br />
<br />
"Clearly, identity theft is not just confined to inner-city areas but is a UK-wide problem and a symptom of tougher economic times, highlighting the need for people everywhere to be increasingly vigilant."</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627191/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/east-ham-identity-fraud-capital/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>crime</category><category>fraud</category><category>ID theft</category><category>scams</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T03:00:00+00:00</dc:date></item><item><title>Updates from Berkeley Group and Ophir Energy</title><link>http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/</guid><comments>http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/investing/" rel="tag">Investing</a></p><img src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/3-wednesday-1371623716.jpg" style="border-width: 1px; border-style: solid; margin: 4px; height: 189px; width: 284px; float: left;" />The FTSE 100 climbed +0.69% yesterday to 6,374.2, up 44 points. Whitbread was the biggest climber, up +3.6% on strong quarterly numbers and sales growth from Costa Coffee. Croda also rose sharply, up +3%.<br />
<br />
The Dow Jones finished at 15,318, up almost 140 points. Overnight, the Nikkei 225 climbed +1.85% to 13,247. <script>
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<br />
We cover a brace of FTSE 250 players this morning; we start with <strong>Berkeley Group</strong>. Profit before tax is up 26.0% to &pound;270.7 million (2012: &pound;214.8 million) in preliminary numbers for the year up to 30 April. Operating margin before exceptional items is up, claims Berkeley, 1.6% to 20.4% (2012: 18.8%)<br />
<br />
The property operator claims &pound;314.6 million invested in land in the year, acquiring a further 3,021 residential plots. Basic earnings per share increased 32.2% to 160 pence (2012: 121.0 pence) and a further interim dividend of 59 pence per share is payable in September.<br />
<br />
"Berkeley committed &pound;315 million to acquire ten new sites and, with 73 of its 87 sites now in construction," says MD Rob Perrins, "has increased its net investment in work in progress, after taking account of the delivery of projects in the year by some &pound;289 million."<br />
<br />
Next, <strong>Ophir Energy </strong>announces the spud of the Starfish-1 well. The Starfish-1 well is Ophir's first well in Ghana and will be drilled by the Stena DrillMax drillship, says the company. The Starfish-1 well is located in water depths of 1,500m and has a target depth of 3,850m.<br />
<br />
"The well," says Nick Cooper, CEO of Ophir, "kicks off an acceleration of Ophir's drilling operations into a broader gas and oil exploration programme, with four new oil plays being targeted in the next 12 months in addition to the ongoing gas exploration in Tanzania".<br />
<br />
Research analysts at UBS AG dipped their price target on Ophir Energy from 550p to 500p in a report on Monday though UBS still has a Buy rating on the stock. Ophir's shares currently sell at 368p.<br />
<br />
Lastly, software player <strong>Micro Focus </strong>International announces audited preliminary results for the year to 30 April 2013. "Solid" progress is claimed. There's operating profit of $161.3m (2012: $155.8m) while profit before tax climbs to $153.4m (2012: $149.3m).<br />
<br />
Basic earnings per share of 78.72 cents (2012: 65.77 cents) increases by 19.7%. The proposed final dividend for the year is 28.1 cents per share (2012: 23.4 cents per share) giving an increase in total dividend per share for the year of 26.6% to 40cents (2012: 31.6 cents).<br />
<br />
"Combined with the return of value this final dividend, if approved, will," says exec chairman Kevin Loosemore, "bring the total cash return to shareholders attributable to FY2013 of 118.8 cents (2012: 101 cents) per share."<br />
<br />
 
<ul>
	<li><a href="http://www.berkeleygroup.co.uk/investor-information" target="_blank">Berkeley Group</a></li>
	<li><a href="http://www.ophir-energy.com/investors.aspx" target="_blank">Ophir Energy</a></li>
	<li><a href="http://investors.microfocus.com" target="_blank">Micro Focus Int</a></li>
	<br />
	 
</ul><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627206/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/updates-from-berkeley-group-and-ophir-energy/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>pensions</category><category>savings</category><category>stockmarket</category><category>tax</category><dc:creator>Adrian Holliday</dc:creator><dc:date>2013-06-19T02:33:00+00:00</dc:date></item><item><title>'30 years' to save house deposit</title><link>http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/</guid><comments>http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/house-prices/" rel="tag">House Prices</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="sold property" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16774501.jpg" style="height: 189px; width: 284px;" /></p>
</div>
Young people trapped by high property prices face having to save for up to 30 years before they can afford a deposit on their first home, a charity has said.<br />
<br />
Independent research commissioned by housing charity Shelter shows that people in their 20s have become locked out of home ownership, meaning a generation will be stuck renting for longer.<br />
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</script>The study looked at earnings, house prices, rents and spending on essentials in local authorities across the country to show the extent of the challenge faced by households wanting to save up for a deposit to buy a home in their area.<br />
<br />
Nationally, it found that couples who start a family in their 20s could be saving for a deposit for 12 years - nearly double the time faced by childless couples.<br />
 
<div id="continued">In some cases this could mean their children would be in secondary school before they own a home.<br />
<br />
Couples without a child face an average of six and a half years of saving, and almost double that time in London (11 years). Single people face the greatest barriers to home ownership.<br />
<br />
A single person could need more than 14 years to save enough for a deposit unless they can find a partner, trapping many in uncertain private renting or forcing them to live with their parents well into adulthood.<br />
<br />
The report also reveals dramatic regional variations in the time it takes first-time buyers to save in different parts of the country.<br />
<br />
In nearly two thirds of areas in England (60%), couples with a child could face over a decade of saving for a deposit for a home of their own. London is badly affected - with single people facing an average of 30 years of saving, while couples with children face 21 years.<br />
<br />
Housing minister Mark Prisk said: "In fact, the evidence shows that affordability has improved under this Government, with housing at its most affordable since 2003 and the higher number of first-time buyers since 2007. We are building 170,000 new affordable homes across England, and have introduced a package of measures to help people move on to and up the housing ladder."</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627188/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/30-years-to-save-house-deposit/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>families</category><category>house prices</category><category>mortgages</category><category>property</category><category>savings</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T02:30:00+00:00</dc:date></item><item><title>PM vows 'tax justice' after G8 deal</title><link>http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/</guid><comments>http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/tax/" rel="tag">Tax</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="David Cameron" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16843971.jpg" style="height: 189px; width: 284px;" /></p>
</div>
David Cameron has promised to deliver "proper tax justice" as leaders of the G8 nations agreed a pact to crack down on tax havens and stop multinational companies shifting profits around the world to avoid paying their fair share.<br />
<br />
The Prime Minister said that the agreement secured at the Lough Erne summit in Northern Ireland had the potential to "rewrite the rules" on tax and transparency<br />
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The Lough Erne Declaration - signed by the UK, US, Germany, France, Italy, Canada, Japan and Russia - promises to "fight the scourge of tax evasion" by ensuring automatic exchange of tax information and forcing companies to reveal the identities of their ultimate owners. To tackle corruption linked to the trade in resources such as oil, gas and minerals in the developing world, extractive industries and governments should publish details of what money changes hands, the agreement said.<br />
<br />
Development charities and anti-poverty campaigners welcomed the action to open up tax havens and enforce openness on extractive industry contracts, but said that the agreement did not go far enough for poor countries to reap the full benefits.
<div id="continued">It came as Number 10 tax adviser Paul Collier warned that African countries are losing twice as much in avoided tax as they are getting in aid from the West, and said company directors had a "duty" to ensure their firms paid their share of tax.<br />
<br />
Speaking at a press conference at the conclusion of the summit, Mr Cameron said that the agreement "has the potential to rewrite the rules on tax and transparency for the benefit of countries right across the world, including the poorest countries in the world".<br />
<br />
New mechanisms to ensure that multinational companies pay taxes in the countries where they earn their profits will allow the authorities to "track and expose those who aren't paying their fair share" and ensure that "we get proper tax payment and proper tax justice in our world", he said.<br />
<br />
But the 10-point document, released after two days of talks at Lough Erne, falls short of the demands of anti-poverty campaigners, who want the developing world included in the new arrangements from the start and have called for tax information to be made available to all on public registers.<br />
<br />
The declaration says only that developing countries "should have the information and capacity to collect the taxes owed them", rather than guaranteeing them automatic access to the information.<br />
<br />
And it states that "tax collectors and law enforcers" should have access to information about the ultimate owners of companies, leaving it to individual G8 countries to decide whether to make the information public as campaigners are demanding.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627185/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/pm-vows-tax-justice-after-g8-deal/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>david cameron</category><category>G8</category><category>news</category><category>tax</category><category>tax avoidance</category><category>tax evasion</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T02:01:00+00:00</dc:date></item><item><title>Hogg appointed as Bank's new COO</title><link>http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/</guid><comments>http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Bank of England" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16836740.jpg" style="height: 189px; width: 284px;" /></p>
</div>
The Bank of England has continued its shake-up by appointing a senior female banker to the new role of chief operating officer.<br />
<br />
The central bank said Charlotte Hogg, the head of retail at Spanish-owned lender Santander UK and the daughter of former Conservative minister Douglas Hogg, will join on July 1.<br />
Ms Hogg will take responsibility for all day-to-day management of the Bank in an appointment approved by incoming governor Mark Carney.<br />
<br />
Mr Carney, who takes over next month from Sir Mervyn King, said Ms Hogg will help "catalyse change" at the Bank.<br />
 
<div id="continued">Her appointment comes just days after deputy governor Paul Tucker announced he is quitting the Bank in the autumn after losing out on the top job to Mr Carney, a Canadian.<br />
<br />
Ms Hogg is currently head of retail distribution and intermediaries at Santander UK, overseeing a network of almost 1,200 branches.<br />
<br />
She started her career at the Bank of England as a graduate in 1992, and other previous roles include UK managing director of credit checking group Experian and senior posts at McKinsey and Morgan Stanley.<br />
<br />
Her father, Viscount Hailsham, was a member of the Margaret Thatcher and John Major governments, but stood down as an MP in 2010 after reportedly claiming expenses to clean his moat.<br />
<br />
Ms Hogg's mother Sarah, or Viscountess Hailsham, is the former economics editor of The Independent newspaper.<br />
<br />
Her role will have the same status and pay - about &pound;260,000 a year - as the Bank's two deputy governors.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627181/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/hogg-appointed-as-banks-new-coo/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>bank of england</category><category>banks</category><category>city</category><category>economy</category><category>news</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T01:58:00+00:00</dc:date></item><item><title>£330m research base for drug firm</title><link>http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/</guid><comments>http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Astra Zenica" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-6813772.jpg" style="height: 189px; width: 284px;" /></p>
</div>
Drug group AstraZeneca said plans for a new research base in Cambridge will boost the chances of Britain discovering the next generation of medicines.<br />
<br />
The group revealed it will build a new &pound;330 million research and development (R&amp;D) site on Cambridge Biomedical Campus in the south of the city by 2016, employing about 2,000 staff.<br />
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The group will merge its small molecule and biologics R&amp;D at the site under plans aim to make AstraZeneca a "global leader in biopharmacuetical innovation". The drug group will also move its corporate headquarters to the site from London.<br />
<br />
The new 11-acre site will become AstraZeneca's biggest centre for cancer research, as well as hosting scientists focusing on cardiovascular, metabolic, respiratory, inflammation and autoimmune diseases.<br />
 
<div id="continued">AstraZeneca chief executive Pascal Soriot said: "Cambridge competes on the global stage as a respected innovation hub for life sciences and our choice of site puts us at the heart of this important ecosystem, providing valuable collaboration opportunities.<br />
<br />
"Moving to the Cambridge Biomedical Campus means our people will be able to rub shoulders with some of the world's best scientists and clinicians carrying out some of the world's leading research - that's a really exciting prospect.<br />
<br />
"Today's announcement also confirms AstraZeneca's long-standing commitment to the UK and increases the chances that the next generation of medicines will be discovered here in Britain."<br />
<br />
AstraZeneca announced plans for the new R&amp;D site in March, but did not confirm the exact location until Tuesday.<br />
<br />
The company has also announced plans to cease R&amp;D at Alderley Park in Cheshire, with about 1,600 roles moving from the site over the next three years. Combined with the closure of its London headquarters, the group expects to cut about 700 UK jobs by 2016.<br />
<br />
AstraZeneca's biologics arm MedImmune already employs about 500 staff in Cambridge.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627179/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/330m-research-base-for-drug-firm/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>astra zenica</category><category>investment</category><category>jobs</category><category>news</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T01:54:00+00:00</dc:date></item><item><title>RBS boss 'decided to go' - Osborne</title><link>http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/</guid><comments>http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Stephen Hester" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16822645.jpg" style="height: 189px; width: 284px;" /></p>
</div>
George Osborne insisted Stephen Hester made the decision to quit as head of Royal Bank of Scotland (RBS) following claims that he effectively forced him out.<br />
<br />
The Chancellor said the banking chief executive "decided to go" but added that his "consent and approval" was sought.<br />
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Mr Hester quit last week but made clear he had wanted to see the bank through to privatisation and had "mixed feelings" about leaving.<br />
<br />
Mr Osborne also confirmed he will set out the next steps for state-backed banks RBS and Lloyds banking group on Wednesday in his annual Mansion House speech.
<div id="continued"></div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627178/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/rbs-boss-decided-to-go-osborne/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>banks</category><category>George Osborne</category><category>news</category><category>RBS</category><category>stephen Hester</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T01:50:00+00:00</dc:date></item><item><title>PM faces MPs' questions on G8 deals</title><link>http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/</guid><comments>http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Cameron" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16844198.jpg" style="height: 189px; width: 284px;" /></p>
</div>
David Cameron is to face questions from MPs after G8 leaders thrashed out limited agreements on how to handle the Syria crisis and tackle tax dodging.<br />
<br />
The Prime Minister is due to make a statement to the Commons after claiming to have achieved significant progress at the summit of wealthy countries at Lough Erne, Northern Ireland.<br />
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n a joint statement, the eight nations said a planned conference on ending the conflict in Syria should be held "as soon as possible".<br />
<br />
Resistance from Russian president Vladimir Putin meant there was no explicit reference to the need for Bashar Assad to step aside. Instead the communique called for a transitional government to be formed "by mutual consent" between the different elements of Syrian society. It also included a commitment to keeping the troubled country's military and security forces intact - seen by some as a tacit encouragement to Assad's senior officers to launch a coup.<br />
 
<div id="continued">Mr Cameron said the agreement between the UK, US, Germany, France, Italy, Canada, Japan and Russia amounted to a "road map" for Syria's future.<br />
<br />
He also argued that pledges on tax avoidance and evasion had the potential to "rewrite the rules". The statement promised to "fight the scourge of tax evasion" by ensuring automatic exchange of tax information, making clear who owns companies and where they generate profits.<br />
<br />
To tackle corruption linked to the trade in resources like oil, gas and minerals in the developing world, extractive industries and governments should publish details of what money changes hands, the agreement said.<br />
<br />
Development charities and anti-poverty campaigners welcomed the action to open up tax havens and enforce openness on extractive industry contracts, but said the 10-point document did not go far enough for poor countries to reap the full benefits.<br />
<br />
They pointed out that the declaration only said developing countries "should have the information and capacity to collect the taxes owed them", rather than guaranteeing them automatic access to the information. It states that "tax collectors and law enforcers" should have access to information about the ultimate owners of companies, leaving it to individual G8 countries to decide whether to make the information public as campaigners are demanding.<br />
<br />
The White House said it would leave the decision to individual US states, while Chancellor George Osborne said the UK was open to the idea of public registers and is consulting on the issue. Meanwhile, Germany and Russia refused to join the other G8 nations in agreeing to publish their own action plans to ensure openness on so-called "beneficial ownership".</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20627175/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/19/pm-faces-mps-questions-on-g8-deals/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>G8</category><category>news</category><category>policy</category><category>tax</category><category>world</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-19T01:44:00+00:00</dc:date></item><item><title>EasyJet plans Airbus fleet upgrade</title><link>http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/</guid><comments>http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/holidays/" rel="tag">Holidays</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="easyjet" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16838884.jpg" style="height: 189px; width: 284px;" /></p>
</div>
Budget airline easyJet is to upgrade and expand its aircraft fleet under a deal to buy 135 Airbus planes over the next nine years.<br />
<br />
The no-frills carrier said the new 180-seater A320 planes will allow it to boost the number of passengers it can carry from 60 million a year to around 90 million.<script>
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Its new aircraft will also be more fuel-efficient, which means they cost less to run and are more environmentally friendly.<br />
<br />
The move will allow easyJet to replace around 85 of its current 211-strong fleet of 156-seater planes, as well as giving it the room to expand and add routes.<br />
 
<div id="continued">It also has the option to buy a further 100 Airbus planes as part of the deal.<br />
<br />
But the scale of the fleet acquisition means easyJet must get shareholder approval, with the backing of 50% of investors required, and is likely to reignite the long-running row with founder and largest shareholder Sir Stelios Haji-Iaonnou.<br />
<br />
Sir Stelios, who with his family controls a near-37% stake in easyJet, has been a vocal opponent of the group's plans to increase its fleet. He said earlier this year that he believes the new planes are not necessary and will be acquired at the detriment of shareholders.<br />
<br />
Luton-based easyJet has ordered 35 current generation A320 planes for delivery between 2015 and 2017 and 100 new generation A320neo aircraft from 2017 until 2022. It said it secured a steep discount for the planes, but did not disclose the cost of the deal.<br />
<br />
Carolyn McCall, chief executive of easyJet, said: "This is a great outcome for easyJet, our shareholders and our passengers, and will ensure that easyJet is able to continue its successful strategy of delivering profitable growth and returns to shareholders."<br />
<br />
EasyJet said the new aircraft would allow it to fulfil aims to increase its seat capacity by between 3% and 5% a year, while slashing costs per seat by between 11% and 12%. It said if the deal did not go through, costs per seat would be around &pound;2.98 higher in 10 years' time, which it claims would have a "material" impact on profits.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625871/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/easyjet-plans-airbus-fleet-upgrade/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>airbus</category><category>airlines</category><category>easyjet</category><category>holidays</category><category>investment</category><category>travel</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-18T12:00:00+00:00</dc:date></item><item><title>Lloyds denies Co-op deal pressure</title><link>http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/</guid><comments>http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/#comments</comments><description><![CDATA[<div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Win Bischoff" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-11990594.jpg" style="height: 189px; width: 284px;" /></p>
</div>
Lloyds Banking Group bosses have denied they faced political pressure to accept the Co-operative Bank's ill-fated &pound;700 million bid for its branches, insisting they acted in the best interests of shareholders.<br />
<br />
In a hearing with MPs over the collapse of the branch deal, Lloyds chairman Sir Win Bischoff said there was "no political interference or contact" surrounding the decision to choose the Co-operative over the two other final bidders.<br />
<br />
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The Co-op pulled out of the branch takeover in April over fears about the strength of its banking arm's balance sheet, shortly before ratings agency Moody's downgraded it to junk status and warned it may need taxpayer support.<br />
<br />
Moody's delivered another blow to the Co-op Bank on Tuesday, slashing its rating on the group again following yesterday's details of its aims to plug a &pound;1.5 billion hole in its finances, citing doubts over the group's plans.<br />
 
<div id="continued">Sir Win and Lloyds chief executive Antonio Horta-Osorio revealed they discovered a capital shortfall at the Co-op in December 2012 and were "sceptical" it could be plugged in time for the branch sale to complete as scheduled in March. But they said they decided to give the Co-op more time, given its assurances the deal could still be done.<br />
<br />
MPs on the Treasury Select Committee grilled the Lloyds chiefs amid concerns of political interference over the decision to choose the Co-op over rival bidders, investment group NBNK and Sun Capital.<br />
<br />
Lord Levene, who chaired the NBNK bid, claimed in a written statement there had been "significant political involvement leading up to the original decision" in favour of a bid from a mutual. He added he was advised the decision was "based on an indication from senior politicians within the Coalition that the Co-op deal was to be the preferred and definitive solution".<br />
<br />
Mr Horta-Osorio said the Government had only indicated its preference for the mutual model after it had announced its decision to sell the 632 branches to the Co-op.<br />
<br />
Sir Win told MPs the only factors considered by the board in the bidding process were the financial aspects of the deal and the ability to execute.<br />
<br />
The Lloyds bosses revealed the Co-op's offer was higher than NBNK's &pound;630 million bid. Lloyds, which has to divest the branches as an EU condition of state aid, will instead float the branches on the stock market under the TSB Bank brand following the Co-op bid's collapse.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625863/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/lloyds-denies-co-op-deal-pressure/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>banking</category><category>banks</category><category>co-op</category><category>lloyds tsb</category><category>merger</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-18T11:30:00+00:00</dc:date></item><item><title>Trader charged over 'fraud plot'</title><link>http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/</guid><comments>http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/scams-and-fraud/" rel="tag">Scams &amp; Fraud</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Police tape" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16186483.jpg" style="height: 189px; width: 284px;" /></p>
</div>
A City trader has been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of the Libor interbank lending rate.<br />
<br />
Former UBS and Citigroup trader Tom Hayes, who is 33 and from Surrey, was one of the three individuals arrested on December 11 by officers from the Serious Fraud Office (SFO) and City of London Police.<br />
<br />
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He attended Bishopsgate police station on Tuesday morning where he was charged by City of London Police with eight counts of conspiracy to defraud. He will appear before Westminster Magistrates' Court at a later date.<br />
<br />
The SFO said its investigation into the manipulation of Libor continues.
<div id="continued"></div><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625840/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/trader-charged-over-fraud-plot/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>banking</category><category>banks</category><category>crime</category><category>fraud</category><category>libor</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-18T11:00:00+00:00</dc:date></item><item><title>New cars 'should use less fuel'</title><link>http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/</guid><comments>http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/motoring/" rel="tag">Motoring</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="petrol pump" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16539451.jpg" style="height: 189px; width: 284px;" /></p>
</div>
Most people believe car manufacturers could make their vehicles more fuel-efficient, according to a new study.<br />
<br />
Three out of four said more could be done to improve fuel efficiency, while 42% agreed that stricter fuel-efficiency standards were a good idea, a survey of more than 1,000 adults for Greenpeace found.<br />
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Sara Ayech, climate campaigner with Greenpeace, said: "The results from this research couldn't be any clearer.<br />
<br />
"Unfortunately, as documents recently published by Greenpeace show, the coalition Government has failed to support European-wide legislation that would reduce polluting emissions.<br />
 
<div id="continued">"We have had four years of green rhetoric from the coalition Government. The time has now come for fewer words and a lot more action."<br />
<br />
The report was published on the eve of a meeting at the EU, where member states will agree a position for final negotiations on car CO2 emissions.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625807/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/new-cars-should-use-less-fuel/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>business</category><category>cars</category><category>fuel</category><category>innovation</category><category>motoring</category><dc:creator>Sarah Coles</dc:creator><dc:date>2013-06-18T10:30:00+00:00</dc:date></item><item><title>Expert sets out high streets vision</title><link>http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/</guid><comments>http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/shopping-and-deals/" rel="tag">Shopping &amp; Deals</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Bill Grimsey" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-1449601.jpg" style="height: 189px; width: 284px;" /></p>
</div>
The former boss of retail chains Wickes and Iceland has launched an alternative review of the high street after becoming "frustrated" with the current Government-backed programme.<br />
<br />
Bill Grimsey, the stores' former chief executive, told BBC Breakfast he wanted to see "town centre commissions" that bring together housing, education, leisure and shops to shake up ailing high streets. <script>
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His comments come after it emerged last month that 10 of the 12 Government-funded "Portas Pilot" towns saw a fall in the number of occupied shop units. The towns were awarded a share of the &pound;1.2 million High Street Innovation Fund, launched last year, as well as Government support and access to retail guru Mary Portas following her review of the sector.<br />
<br />
Mr Grimsey said: "I've become frustrated that these reviews have started from what I consider to be the wrong place. Fundamentally, we are changing as a society - the millennium generation is about to become the consumer of tomorrow."<br />
 
<div id="continued">He said high streets are under threat from online retailers, and the Portas review is "papering over the cracks" rather than attacking the "real issue" - that there are not enough people in town centres for communities to be vibrant in the future.<br />
<br />
He added: "The whole argument that we'll be coming up with is that we need to see town centre commissions - not town teams as has been set up - that are properly constructed, that capture the imagination of the Big Community that David Cameron spoke about, that actually harnesses it into a proper process which encompasses the whole planning system which will deal with housing, education, leisure and some shops in a thriving town centre, which will be unique and different in every part of the country."<br />
<br />
A spokesman for the Department for Communities and Local Government (DCLG) said: "We welcome any contribution to the debate and new ideas that anyone wants to suggest. It is clear that our high streets will need to adapt to prosper.<br />
<br />
"That's why the Government has worked hard over the past year to help high streets thrive - simplifying planning restrictions to get empty and redundant buildings in town centres back into use, cutting business rates for small businesses and scrapping Whitehall guidance that pushed for higher parking charges.<br />
<br />
"We have also supported communities to develop projects to renovate their town centres. Pilots up and down the country are already showing what is possible, from Braintree developing parking initiatives, to Market Rasen backing an award-winning local market.<br />
<br />
"But this is just the start and why we are bringing together experts from across the industry to sit on our Future High Streets Forum to help tackle the biggest challenges our town centres face."</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625802/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/expert-sets-out-high-streets-vision/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>economy</category><category>financial crisis</category><category>high street</category><category>retail</category><category>shopping</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-18T10:00:00+00:00</dc:date></item><item><title>Millions of British Gas customers in billing error</title><link>http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/</guid><comments>http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/utilities/" rel="tag">Utilities</a></p><div class="photo-block">
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</div>
Ofgem has announced that between 2006 and 2011 British Gas failed to 'round down' one aspect of its residential bills, meaning that millions may have paid more than the regulations allow in this area. British Gas, meanwhile is arguing that has not overcharged, and that no-one has missed out.<br />
<br />
However, they have made a donation to end the matter - which you may be able to benefit from.<br />
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The problem related to the 'calorific value', which is the heat in the gas that the costumer uses. It appears on bills because it varies around the country - and it indicates the potency of the gas. Those who get a high calorific value will get more energy from the gas, so this is reflected in the price.<br />
<br />
Ofgem says that suppliers should use one decimal place when calculating the calorific value of the gas on bills - and 'round down'. However, for the five year period, British Gas used four decimal places - which it told AOL reflected how the gas was bought.<br />
<br />
An Ofgem spokesperson said in a statement: "British Gas' interpretation of the regulations, which cover the way thermal energy in gas, known as calorific value, is calculated,  meant that although customers didn't pay for energy they did not receive, they paid more than regulations allow."<br />
<br />
British Gas told AOL: "While we believe we were operating in line with the regulations, we accept there was an alternative interpretation."<br />
<br />
However, it is emphasising that no customers were out of pocket as a result. It added that if it had been forced to round down prices, it would have recouped the money through higher overall prices, so no-one paid any more than they would have done if it had charged differently for the calorific value.<br />
<br />
Ofgem accepts that: "The overall impact on customers is unclear as British Gas' interpretation of the regulations may have offset the need for them to adjust prices."<br />
<br />
 
<h4>You may still benefit</h4>
The question over whether anyone actually lost out at all means that Ofgem is not demanding British Gas repays any money. Instead, British Gas has agreed to pay &pound;10 million into The British Gas Energy Trust.<br />
<br />
A spokesperson told AOL that it was intended to 'draw a line' under the issue. Both Ofgem and British Gas are keen to emphasise that this isn't a fine, it's a voluntary donation to settle the matter - without any admission of any wrongdoing. Ofgem said: "This is why Ofgem welcomes British Gas' decision to pay &pound;10 million into its energy trust.'<br />
<br />
The donation means that you may still be able to benefit from the move. The trust helps those who are struggling with their bills in a number of ways. It offers debt and welfare advice; it recommends people for free energy efficiency measures; it can help people fund the purchase of household goods and heating systems; and it can clear outstanding bills where there is real hardship.<br />
<br />
You don't have to be a British Gas customer to benefit - and it doesn't have to be gas and electricity bills you're struggling with - it can help with any utility bill.<br />
<br />
Ofgem has written to consumer groups, such as Citizens Advice, urging them to take advantage of this payment, so if you approach them for help, they may be able access funding through the trust. Alternatively, consumers can approach <a href="http://www.britishgasenergytrust.org.uk/" target="_blank">British Gas Energy Trust direct</a>.<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20626032/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/millions-of-british-gas-customers-may-have-overpaid/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>bills</category><category>british gas</category><category>debt</category><category>utilities</category><category>your rights</category><dc:creator>Sarah Coles</dc:creator><dc:date>2013-06-18T09:57:00+00:00</dc:date></item><item><title>Inflation rise bigger than expected</title><link>http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/</guid><comments>http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
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</div>
The squeeze on consumers intensified last month as soaring air fares and more expensive clothing and footwear lifted inflation higher than expected.<br />
<br />
Consumer Prices Index (CPI) inflation climbed to 2.7% in May, from 2.4% in April, the Office for National Statistics (ONS) said. But while inflation is expected to peak at about 3% in coming months, economists believe it will then begin a "slow but steady" drift down.<br />
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Last month's surge in inflation was higher than forecasts for a 2.6% reading, as price rises rebounded after a sharp fall in inflation in April. Inflation remains stubbornly above the Bank of England's 2% target - which it has not hit since late 2009 - far outstripping wage rises and further eroding consumers' spending power and savings.<br />
<br />
Average earnings increased by just 1.3% in the year to April and 0.7% on the previous month, the ONS said recently, as salaries struggle to keep pace with price hikes.
<div id="continued">Air fares leapt 22% from April - the highest rate of increase for this time of year since records began in 2001. Prices rose across European, long-haul and domestic flights, the ONS said, adding there was no clear link to the early timing of the Easter holidays. Overall transport prices rose by 0.4% between April and May, the ONS added, as price falls for petrol and diesel slowed to 2.2% month-on-month, compared with a 3.1% fall a year earlier.<br />
<br />
The price of clothing and footwear also rose 1.2% month on month, as the cost of women's outdoor clothing increased during a colder-than-normal month. There were also price rises for furniture, carpets and garden tools. But food and drink prices helped hold back inflation, with price falls for meat, vegetables, fruit, sugar, sweets and jams.<br />
<br />
David Kern, chief economist at the British Chambers of Commerce (BCC), said: "With earnings growth stagnant, the rise in inflation will put pressure on businesses and consumers." Neil Prothero, analyst at The Economist Intelligence Unit, added the protracted decline in average real wages, now in its fifth consecutive year, will "persist for some time to come".<br />
<br />
But despite May's inflation rebound, economists believe future price rises will be more restrained than originally feared, giving the Bank greater scope to resume pumping money into the economy. The Bank now expects inflation to hit a summer peak of about 3%, down from earlier fears of a 3.5% peak, held back by weaker commodity prices.<br />
<br />
Vicky Redwood, economist at Capital Economics, said that while higher than expected, inflation's peak is "hopefully not too far away now". She said: "Inflation will probably get above 3% in the next month or two - meaning that one of [new Bank governor Mark] Carney's first jobs will be to write an explanatory letter to the Chancellor."<br />
<br />
The figures come ahead of minutes due this week from the Bank's June interest rates meeting - the last meeting for outgoing governor Sir Mervyn King - which will reveal the level of support for more economic stimulus. The Bank's Monetary Policy Committee voted to hold its quantitative easing (QE) programme steady at &pound;375 billion this month, also keeping rates at 0.5%, amid signs of improvement in the economy. The Bank is expected to hold off more QE until the arrival of Mr Carney next month.</div>
<br />
<a href="http://www.pressassociation.com" style="font-family:Arial,sans-serif;font-size:11px;color:#888;">(C) 2013 Press Association</a><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625785/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/inflation-rise-bigger-than-expected/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>economy</category><category>fares</category><category>flights</category><category>holidays</category><category>inflation</category><category>news</category><dc:creator>Press Association</dc:creator><dc:date>2013-06-18T09:30:00+00:00</dc:date></item><item><title>How to answer tricky interview questions</title><link>http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/</guid><comments>http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/career/" rel="tag">Career</a></p><div class="photo-block">
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</div>
Preparation is key to succeed in an interview, yet even the most thoroughly primed candidate can be thrown off guard with a confusing question.<br />
<br />
Careers website Glassdoor has compiled a list of the <a href="http://www.glassdoor.com/blog/25-tough-interview-questions-uk-edition/" target="_blank">25 toughest questions asked at UK job interviews</a>, based on stories posted on its site. So from the incredibly technical to the downright bizarre, how should you tackle these tricky questions?<br />
<br />
<br />
<strong>Do your homework</strong><br />
Good understanding of the company is vital to demonstrate that you are truly interested in the business and your role within it. "Review the job description again and make sure you can describe how your skills and experience match the requirements of the open position," advises Phil Sheridan, managing director of <a href="http://www.roberthalf.co.uk/" target="_blank">Robert Half UK</a>. "Curveball questions about the company or the role should not be a problem if you have done your homework."<br />
<br />
<strong>Know what to expect</strong><br />
All interviews are likely to include a host of standard questions such as 'Why do you want to work for this firm?' and 'What makes you right for this role?' so focus on preparing clear and concise answers. "Always be honest," says Tony Wilmot, founder of <a href="http://www.staffbay.com/" target="_blank">Staffbay.com</a>. "And make sure your answer has synergies with the outcomes of your research about the company.<br />
<br />
"For example, if you want to work in a small, family business, then show how your skills will make you an invaluable member of the team, or if you want to work in a larger, more corporate environment, demonstrate how you'll quickly climb the career ladder."<br />
<br />
<strong>Have the right attitude</strong><br />
Your persona is just as important as your answers and interviewers may be more likely to forgive the odd gaffe if you come across as likeable and genuine. "Be confident during the interview but not arrogant," advises Sheridan. "Also consider your body language. Making eye contact with the interviewer and nodding your head in agreement shows you're engaged; slouching in your chair indicates you're bored."<br />
<br />
<strong>Be diplomatic</strong><br />
Honesty is key in interviews but diplomacy is even more important to deal with thorny questions such as 'Do you want my job?.' "Here for example, mention that at some point in the future you'd like to have the skills and experience to fill their role, and that you will do everything you can to work towards that," explains Wilmot. "It's about creating a sense of anticipation about how hard you will work, rather than wanting to claim the top job straight away."<br />
<br />
<strong>Remain calm</strong><br />
Difficult or odd questions are posed to see how you deal with the unexpected. "Interviewers want to get a feel for how you react to being put under pressure and how you adapt to the situation," explains Sheridan. "By remaining calm, composed and offering well-thought-out responses, you will ensure that you don't get tongue tied and fail to impress."<br />
<br />
<strong>Listen carefully</strong><br />
Nervous energy can easily take over in interviews, causing you to mishear a question or just keep talking to fill an awkward silence. If in doubt, ask the interviewer to repeat the question and take a moment to think before starting your answer.<br />
<br />
"Not listening can be the sign of over-confidence, or just another example of how some people deal with stressful situations," adds Sheridan. "It is important to speak slowly, and provide specific answers to the question at hand."<br />
<br />
<strong>Turn weakness into strength</strong><br />
'What are your weaknesses?' is the inevitable question that we all dread. "However you answer this question, the skill is how you follow it up," explains Wilmot. "Translate your strengths into points; for example if you're nine out of ten for being a team player, then say you're seven out of ten for getting out of bed on time. Display how you're trying to remedy this. In this case, tell the interviewer that you set three alarm clocks instead of one, and that ensures you're always into work on time. Make sure you offer up something that will combat your fallibilities and you're onto a winner."<br />
<br />
<strong>Admit when you don't know</strong><br />
If you are completely stumped at a question, avoid the embarrassment of trying to make something up as recruiters are well practiced in reading through blaggers. "Hiring managers can forgive a candidate's inability to respond to a question, but not a lie. Honesty is the best policy," adds Sheridan.<br />
<br />
"By explaining that you don't have specific knowledge in that area but can pick up skills quickly, it shows that you're truthful, trustworthy and able to handle yourself in a tricky situation."<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625521/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/how-to-answer-tricky-interview-questions/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>careers</category><category>employment</category><category>interviews</category><category>jobs</category><dc:creator>Hannah Ricci</dc:creator><dc:date>2013-06-18T09:00:00+00:00</dc:date></item><item><title>Norfolk council bans hard cricket balls</title><link>http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/</guid><comments>http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
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</div>
Just when you think the health and safety police can't get any more ridiculous; they take it to an entirely new level.<br />
<br />
A Norfolk cricket club has been barred from its home of 36 years after refusing to agree to a ban on hard balls being used during batting practice on the pitch.<br />
<br />
The new health and safety ruling were drawn up Bacton parish council last month because of fears that members of the public could be hit and injured by stray balls.<br />
<br />
But club officials have refused to agree to the new set of rules, according to <a href="http://www.bbc.co.uk/news/uk-england-norfolk-22936413" target="_blank">BBC news</a>, and club chairman David Gale said talks were now in place to move the team away from the village to a new base at a nearby high school.<br />
<br />
He said: "We are a cricket team - how are we supposed to practice without cricket balls? Are they expecting us to use tennis balls instead?"<br />
<br />
<strong>Eviction</strong><br />
Despite a petition from local residents, the <a href="http://www.edp24.co.uk/news/politics/bacton_cricketers_evicted_by_parish_council_1_2238280" target="_blank">Norfolk Eastern Daily Press</a> reports that<br />
the parish council is refusing to back down, forcing the club to leave the village where it was founded 79 years ago.<br />
<br />
Council clerk Elaine Pugh said there had been a couple of recent "near misses" in which other people on the field had almost been hit by cricket balls.<br />
<br />
The new rules for the use of the field state: 'Batting or bowling practice with a cricket ball or other solid or semi-solid practice ball must only take place inside the batting cage [nets]. Under no circumstances may this take place elsewhere.'<br />
<br />
Bacton Cricket Club honorary treasurer Ramone Stringer told the local newspaper: "It's very sad for Bacton, which should always have a cricket club. But we're 99.9% certain to move to North Walsham High School and change our name.<br />
<br />
"The move will probably pay off, because North Walsham should have a cricket club and it will attract youngsters to play."<br />
<br />
<strong>Killjoys</strong><br />
Despite calls from the government that excessive health and safety rules "had to stop" outlandish regulations continue to be enforced throughout the country.<br />
<br />
We reported last week how overzealous health and safety rules <a href="http://money.aol.co.uk/2013/06/07/waitrose-fish-monger-refuses-to-fillet-trout/" target="_blank">prevented a Waitrose fish monger from filleting a fish</a> for a customer<br />
<br />
In the sporting world, schools have banned football games unless the ball is made of sponge and many have cancelled sports days altogether due to a myriad of health and safety fears.<br />
<br />
Council killjoys have also banned people from flying kites on some beaches in case someone gets hit and prohibited dodgems cars from bumping each other through fear of whiplash or broken bones.<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625622/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/norfolk-council-bans-hard-cricket-balls/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>cricket</category><category>health and safety</category><category>sport</category><dc:creator>Hannah Ricci</dc:creator><dc:date>2013-06-18T08:30:00+00:00</dc:date></item><item><title>Royal baby fever set to boost economy</title><link>http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/</guid><comments>http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><div class="photo-block">
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</div>
Royal baby fever is set to boost the economy by around &pound;243 million this summer, according to new data from <a href="http://www.retailresearch.org/" target="_blank">Centre for Retail Research</a> (CRR).<br />
<br />
Even the Royal Family is joining in with the launch of baby products from the Royal Collection Trust for sale at palace shops and online<br />
The worldwide buzz surrounding the the first child of William and Katherine, Duke and Duchess of Cambridge, is expected to lift UK retail sales in a similar way to the royal couple's wedding in 2011.<br />
<br />
Professor Joshua Bamfield, Director of Centre for Retail Research (CRR) comments: "It is no great surprise that this type of feel good event provides retailers with a welcome boost, with consumer hype generating additional spending.<br />
<br />
"These are difficult times for retailers and every catalyst for consumer spending should be utilised as this will bring the economic recovery one step closer."<br />
<br />
<strong>Spend spend spend</strong><br />
Around &pound;25 million is expected to be spent on festivities celebrating the birth, with consumers splashing out on champagne and party food for informal garden parties at home.<br />
<br />
A further &pound;80 million is likely to be spent on souvenirs and toys including items sold overseas, with particular interest from North America, parts of Europe and Australia and New Zealand.<br />
<br />
The CCR predicts that 14 million souvenirs with a total value of &pound;56 million and toys (&pound;24 million) are likely to be sold to enthusiasts and collectors. Around &pound;76 million will be spent on books, DVDs and media connected to the event.<br />
<br />
<strong>Only the best</strong><br />
The baby product industry is expected to enjoy a particular boost as new parents 'trade-up' to more exclusive brands favoured by the Duke and Duchess.<br />
<br />
"One of the biggest factors will be the unintentional Royal brand endorsement," explains Bamfield. "The carriage of choice for the royal arrival will no doubt become this year's best selling pram for new and existing parents.<br />
<br />
"The 'Kate effect' has already taken the fashion world by storm with each of her choices flying off the shelves within moments of her leaving the house. This trend will follow for the heir's baby grows, rattles, first bike and so on. It's a culture of 'keeping up with the Cambridge's' that isn't going away, albeit a very profitable culture for the retail sector."<br />
<br />
<strong>Baby memorabilia</strong><br />
The <a href="http://www.royalcollectionshop.co.uk/gifts/gifts-for-children.html">Royal Collection Trust</a> has a small range of baby products for sale, with all profits used for the upkeep of the royal palaces. The collection includes children's mugs, a royal guardsman's style sleepsuit and a child's bear skin hat.<br />
<br />
Hundreds of high street stores and small independent brands are getting in on the action too, with everything from <a href="http://www.my1styears.com/hrh-3-piece-gift-set-blanket-sleepsuit-hat.html" target="_blank">HRH baby gift sets</a> and <a href="http://www.linksoflondon.com/gb-en/online-shop/women/charms/all/21653-hope-royal-baby-charm?utm_source=google&amp;utm_medium=Product_Search&amp;utm_campaign=google_base&amp;gclid=CKKUnffG7bcCFUTItAodOhAAmg" target="_blank">silver jewellery charms</a>, to <a href="http://www.alwayssparkle.co.uk/products-page/personalised-prints/royal-themed-new-baby-boy-personalised-print/" target="_blank">personalised art prints</a> and <a href="http://www.millygreen.com/category/275-royal-baby-commemorative-fine-bone-china.aspx" target="_blank">commemorative ceramics</a>.<br />
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However it is official palace memorabilia that is likely to offer the most appeal and investment potential, as well as anything directly linked to the Duke or Duchess.<br />
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"The Duchess of Cambridge has proved a hit among collectors, with news of her pregnancy providing a huge surge in the value of her memorabilia," explains Paul Fraser from <a href="http://www.paulfrasercollectibles.com" target="_blank">Paul Fraser Collectables</a>.<br />
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In 2012, PFC Auctions sold the first slice of cake from Kate and William's wedding for an impressive &pound;1,917 ($3,085), while the infamous see-through dress which first attracted William to Kate in a university fashion show achieved &pound;78,000 ($125,535) in 2011.<br />
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Fraser adds: "I have personally pursued items previously owned by the Duchess of Cambridge, as I anticipate that there are substantial gains to be made in the future."<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625704/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/royal-baby-fever-set-to-boost-economy/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>duke and duchess of cambridge</category><category>economy</category><category>highstreet</category><category>Kate Middleton</category><category>retail</category><category>royal baby</category><dc:creator>Hannah Ricci</dc:creator><dc:date>2013-06-18T08:12:00+00:00</dc:date></item><item><title>British Bailiffs are turning ugly</title><link>http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/</guid><comments>http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/debt/" rel="tag">Debt</a>, <a href="http://money.aol.co.uk/category/your-rights/" rel="tag">Your Rights</a></p><div class="photo-block">
<p class="photo-caption" style="width:284px;float:left;padding-right:10px;"><img alt="Council Tax bill" src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16781378.jpg" style="height: 189px; width: 284px;" /></p>
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The booming multi-million pound bailiff industry is leaving Britons feeling threatened and powerless. And thanks to increasing numbers reaching the end of their financial tether, thousands more are at the mercy of the bailiffs.<br />
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So just how bad have things become, and what are your rights?<br />
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Figures suggest the five biggest bailiff companies earn a combined revenue in excess of &pound;60 million, as cash-strapped Britons increasingly run up unaffordable debts.<br />
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<h4>More suffer</h4>
Citizens Advice says that there has been a 38% increase in problems with private bailiffs in the last five years. Last year alone, the charity helped with a total of 60,652 problems with bailiffs.<br />
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The biggest problems relate to a series of different kinds of threats made by the bailiffs. Some two in five threatened the use of force to get in, while 16% said they would call the police to gain entry. In reality they have to be invited in, or walk in through an open door. They cannot break into your property.<br />
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A quarter threatened to take items that are banned from removal by bailiffs, and 29% threatened to seize goods that belonged to someone else. You have rights here too. They can take luxury items such as your TV or games console, but cannot take essentials such as your work tools, fridge or cooker, and they can't take someone else's belongings - if you can prove that the item in question belongs to someone else.<br />
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Unsurprisingly in 78% of the cases, bailiff action has brought on stress and anxiety. In 35% of cases bailiff action has exacerbated people's mental or physical health problems. Citizens Advice Chief Executive Gillian Guy said: "We see cases where bailiffs overstate their powers, act aggressively and bump up debts by levying excessive fees and charges."<br />
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<h4>Government action</h4>
Central government has been moved to take action, bringing in new guidance for bailiffs in an effort to tackle heavy-handed tactics. The new rules set out that councils should no longer be collecting 'contractual kickbacks' from bailiffs. Shockingly this has been common. For example the north-west London borough of Harrow was expected to recover &pound;1 million by contractually making its bailiffs hand over 8% of their fees.<br />
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The rules also warn against employing those seeking to exploit residents through 'phantom visits' or excessive fees. So-called 'phantom visits' are essentially just putting a letter through the letterbox without trying to speak to anyone or negotiate repayment - for which bailiffs charge exorbitant fees.<br />
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Communities Secretary Eric Pickles said: "It is unacceptable for councils to employ burly bailiffs with heavy-handed tactics like kicking down doors, making phantom visits or charging excessive fees - it is unfair and damages a council's standing in the community. Today our new guidance is crystal clear: it is time to stop the dodgy practices where town halls collect contractual kickbacks from bailiffs that will do almost anything to make money."<br />
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<h4>But does it go far enough?</h4>
Joanna Elson, Chief Executive of the Money Advice Trust, said it doesn't: "We are pleased the Government sees fit to improve bailiff practices, but are concerned little will change as a result of today's announcement" she said.<br />
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"Advice charities like ours have worked long and hard with successive Governments to try and resolve the bad practice from bailiffs that our advisers hear on an ever-increasing basis. Unfortunately the changes announced do not tackle our most basic concerns about protecting vulnerable people from bad practice."<br />
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"There remains no independent oversight of the bailiff industry, no independent complaints body to make it easy for people to report bad practice, and no clear sanctions for bailiffs who break the rules. Additionally, there is no clarity that the new fee structure will not increase what bailiffs can charge people in debt."<br />
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<h4>Protect yourself</h4>
Citizens Advice is calling on local authorities to protect people from bailiffs. Guy says that given that a third of problems with bailiffs are over council tax debts, councils ought to help people early on who are struggling to pay their bills.  <br />
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However, in the interim, the only way to stay safe from bailiffs is to act before it gets to this stage. Talk to those you owe money to before things get out of hand, and ask for repayment terms you can afford to stick to.<br />
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If it's too late, talk to a debt charity like StepChange or the Money Advice Trust. They will negotiate with lenders and people like the council for you, or help you understand alternative options open to you such as an IVA.<br />
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They don't have a magic wand: they won't make the debts go away, but they should avoid the risk of a heavy-handed bailiff appearing at your door.<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625664/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/british-bailiffs-are-turning-ugly/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>bailiffs</category><category>council tax</category><category>debt</category><category>loans</category><category>tax</category><category>your rights</category><dc:creator>Sarah Coles</dc:creator><dc:date>2013-06-18T08:00:00+00:00</dc:date></item><item><title>UK care home death rate soars</title><link>http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/</link><guid isPermaLink="true">http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/</guid><comments>http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://money.aol.co.uk/category/news/" rel="tag">News</a></p><img src="http://www.blogcdn.com/money.aol.co.uk/media/2013/06/pa-16489868.jpg" style="border-width: 1px; border-style: solid; margin: 4px; height: 189px; width: 284px; float: left;" />Death rates in UK care homes are soaring. A decade ago there were an estimated 38,000 deaths in care homes a year. Last year the death rate hit more than 103,000, according to new figures uncovered by Professor Brian Jarman at Imperial College London.<br />
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The new data raises serious questions about the quality of UK residential care. <script>
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<h4>More scrutiny</h4>
Professor Jarman, who analysed mortality rates at Mid Staffs, is clearly worried. "As we are finally getting the scrutiny we need in hospitals," he told the <a href="http://www.dailymail.co.uk/news/article-2343499/Care-home-deaths-double-decade-Fears-raised-neglect-poor-treatment.html" target="_blank">Mail</a>, "deaths are being exported to care homes where they not well regulated. It really beggars belief."<br />
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The worry has deepened on analysis which claims that up to 27% of care homes in England have not submitted death rates to the Care Quality Commission (CQC), the national regulator, despite a legal obligation to do so. The CQC is also now looking at data from the BBC's Panorama program.<br />
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<h4>Neglect allegations</h4>
<a href="http://www.bbc.co.uk/programmes/b02zg3h2" target="_blank">Last night's program</a> focused on two elderly women who were, it was claimed, mistreated in their residential care homes. Following an inspection by the CQC of Poplars Care Home in Mountsorrel, Leicestershire, the county council acknowledged that one woman, Kathleen Reid, 88, died of neglect.<br />
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The Care Quality Commission says a third of care and nursing homes in England do not meet all the necessary standards.<br />
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<h4>Not acceptable</h4>
"We are going to be absolutely clear about what is acceptable and what isn't acceptable," David Behan, the chief executive of the CQC, told Panorama. "There's too much poor care in this country and we need to ensure that that is improving, or providers cease to exist."<br />
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If you are worried about a relative or the quality of care in a home you can call Age UK Advice for free on 0800 169 6565, or visit<a href="http://www.ageuk.org.uk/home-and-care/care-homes/" target="_blank"> www.ageuk.org.uk</a>. You can also <a href="http://www.ageuk.org.uk/home-and-care/appeals-and-complaints-to-your-local-authority/" target="_blank">complain to your local authority</a>.<p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;">&nbsp;</p><p><a href="http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/forward/20625647/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.technorati.com/cosmos/search.html?rank=&amp;fc=1&amp;url=http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/" title="Linking Blogs">Linking&nbsp;Blogs</a>&nbsp;|&nbsp;<a href="http://money.aol.co.uk/2013/06/18/uk-care-home-death-rate-soars/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>care homes</category><category>elderly</category><category>Mid Staffs</category><category>NHS</category><category>older people</category><category>residential care</category><dc:creator>Adrian Holliday</dc:creator><dc:date>2013-06-18T07:32:00+00:00</dc:date></item></channel></rss>