News archive from 26 November 2014, page 2

Insurers and fund firms battle it out for pensioners' cash

Surprise reforms announced by the government this year mean Britons are no longer forced to buy a guaranteed income - an annuity - at retirement, so savers can do what they like with their money when the rules take effect in April. The choice...

Reuters, 00:16 in Business
 
Crisiswhatcrisis? Iain Duncan Smith tries to bat off Rachel Reeves’ questions

Crisiswhatcrisis? Iain Duncan Smith tries to bat off Rachel Reeves’ questions

Rachel Reeves, the shadow work and pensions secretary, has been desperate for revenge on Iain Duncan Smith ever since he refused to apologise for accusing her of missing a Commons vote by having her nails done in Rochester. She might be wishing she...

Guardian, 00:20 in Politics
 
Coalition’s welfare scheme at risk of wasting billions, warns watchdog

Coalition’s welfare scheme at risk of wasting billions, warns watchdog

The cost of the government’s flagship welfare programme could rise by billions of pounds if it fails to meet a challenging timetable to introduce a new IT system, Whitehall’s public spending watchdog has found. A digital service to handle universal...

Guardian, 00:20 in Politics
 
Woman left blind settles claim for damages

Woman left blind settles claim for damages

A YOUNG woman who was left registered blind after a blunder by medical staff at a hospital has settled a damages claim against a health board. Alexis Allan suffered the loss of vision after a swelling of the optic discs caused by intra cranial...

Scotsman, 00:22 in Health
 
NEW VENUE: Derby Hospitals' Choir Christmas concert switched to Cathedral on Friday

NEW VENUE: Derby Hospitals' Choir Christmas concert switched to Cathedral on Friday

A CONCERT which usually takes place at the Assembly Rooms every year will be held at Derby Cathedral this week. Over the past 30 years, the Derby Hospitals Choir's Christmas concert has raised more than £140,000 for health-related charities. It was...

 
Watchdog to probe credit card debt traps

Watchdog to probe credit card debt traps

AN INVESTIGATION into whether credit cards are being sold in a way which exploits people's tendencies to take on too much debt is to be launched by the City regulator. The Financial Conduct Authority (FCA) yesterday outlined the proposed scope of its...

Scotsman, 00:29 in Hot News
 
Facebook in firing line over Lee Rigby murder

Facebook in firing line over Lee Rigby murder

A US internet company, believed to be Facebook, has been accused of providing a "safe haven for terrorists" after a report claimed it failed to flag up a "graphic and emotive" online chat between one of Lee Rigby's killers and a...

Scotsman, 00:29 in Hot News
 
David Mellor sorry for foul-mouthed taxi rant

David Mellor sorry for foul-mouthed taxi rant

IT IS the perennial cry of the taxi driver: "Guess who I had in my cab the other day?" ‘Unfortunately for one London cabbie it was the former Conservative Cabinet minister David Mellor, who is said to have hurled abuse at the man behind the...

Scotsman, 00:29 in Hot News
 

Spain urges Cuba to grant free travel to dissidents

Spain mediated historic talks between Cuba's communist government and the Roman Catholic Church that freed 75 political opponents in 2010 and 2011. They had been sentenced to terms ranging from 6 to 28 years. Cuba granted exile to 63 on the condition...

 
Nationwide profits up but warns of competition

Nationwide profits up but warns of competition

NATIONWIDE saw its gross mortgage lending fall by £900 million during the first half of its financial year as the UK's largest building society came under tough competition from big banks after several years of slimming down. Group chief executive...

Scotsman, 00:33 in Business
 
Arcadia braces for tough Christmas after sales dip

Arcadia braces for tough Christmas after sales dip

Topshop and Miss Selfridge owner Sir Philip Green predicted a tough Christmas for the retail sector yesterday as his

Scotsman, 00:33 in Business
 
Alexander Dennis to create Ontario plant

Alexander Dennis to create Ontario plant

Bus maker Alexander Dennis is to set up an assembly facility in Ontario after winning a deal to supply more than 250 vehicles to a Canadian transport firm. Metrolinx also has the option to buy a further 150 buses from the Falkirk-based group, one of...

Scotsman, 00:33 in Business
 
Comment: OECD joins Cameron in economic warning

Comment: OECD joins Cameron in economic warning

IT IS clear that the Organisation for Economic Co-operation and Development (OECD) has been rattled by the stagnation in the eurozone and Japan sliding back into technical recession. The think-tank knows that the two western leaders of the recovery,...

Scotsman, 00:33 in Business
 
Banking’s toxic culture ‘will take generation to clean up’, says report

Banking’s toxic culture ‘will take generation to clean up’, says report

Overhauling the broken culture of high street banking will take a generation to achieve, according to a report that found UK banks have received 20m customer complaints since the financial crisis. The report, by the thinktank New City Agenda,...

Guardian, 00:34 in Business
 

Funeral date set for MH17 victim

The funeral of a British student killed in the Malaysia Airlines MH17 air crash over Ukraine will take place next week. Ben Pocock, 20, from Keynsham, Bristol, was a second year international business degree student at Loughborough University. Mr...

 


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