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PRESS DIGEST - British business - Oct 13


Proposals to introduce compulsory workplace pensions contain little protection for employees and could lead to widespread mis-selling, David Pitt-Watson, the renowned fund manager, has suggested.CLEGG SET TO CONFRONT EUROPEBritain’s deputy prime minister Nick Clegg is to confront Brussels over attempts to use the euro zone crisis to tame London’s financial district.BILLIONAIRE HAS GRAND DESIGNS FOR MAYFAIRThe billionaire former used car salesman who co-founded the Phones 4U chain is splashing out 155 million pounds to buy a site in Mayfair that could be developed into a “super-mansion” and luxury apartmentsThe TelegraphHMRC IN DOCK OVER GOLDMAN TAX SETTLEMENTBritain’s most senior tax collector has been accused of lying to parliament over a “sweetheart” tax settlement with Goldman Sachs .THINK TANK CALLS FOR TAX CUTS TO BOOST UK ECONOMYTax cuts and deregulation are urgently needed if the government is to administer the “shot of adrenalin” needed to inject life into Britain’s ailing economy, the Centre for Policy Studies (CPS) think tank has warned.WSJ ACCUSED OF SCAM OVER CIRCULATIONAndrew Langhoff, the European publisher of Rupert Murdoch’s Wall Street Journal (WSJ), has resigned amid allegations of a circulation scam.The GuardianUK UNEMPLOYMENT TOTAL HITS HIGHEST IN 17 YEARSThe number of people out of work in Britain has hit its highest level in 17 years and youth unemployment has reached a record high as the economic slowdown continues to take its toll.The IndependentENERGY GIANT’S PRICE PLOY ATTACKED BY RIVALSAnalysts and rivals lined up to attack Scottish and Southern Energy (SSE) on Wednesday over its plan to shake up the energy industry by auctioning on the open market all of the electricity it generates.

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