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.
