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Ministers to unveil ‘major BBC overhaul’

Ministers to unveil ‘major BBC overhaul’

Plans for a “major overhaul” of how the BBC is run are expected to be unveiled in a government White Paper later. The trust governing the BBC is expected to be abolished, and a new board set up to run day-to-day matters, while Ofcom will become its external regulator. Ministers will say that the licence […]

UK in ‘anti-corruption’ property shake-up

UK in ‘anti-corruption’ property shake-up

Image copyright PA Image caption The summit has been overshadowed by comments that David Cameron made about Nigeria Foreign firms that own property in the UK will have to declare their assets publicly in a bid to stamp out money-laundering, the government says. Companies will have to be on a new register if they hold […]

UK Regulators Urged to Toughen Up After HBOS Collapse – Fox Business

A British parliamentary commission Friday urged regulators to hold more individuals responsible for a raft of U.K. bank failures, as it published a report on the collapse of mortgage giant HBOS PLC. The Parliamentary Commission on Banking Standards outlined what it described as a series of management shortcomings at HBOS in the run-up to the […]

UK fuel sales plummet as motorists embrace efficiency – The Guardian

Forecourts in the UK have seen the volume of fuel they sell fall significantly over the past five years with sales of petrol dropping more than 20 per cent as oil prices have climbed and motorists have switched to more efficient vehicles. New research from the AA released this morning shows that total sales of […]

LONDON MARKETS: Next, EasyJet Drop In Weak UK Market – Fox Business

LONDON –  Shares of EasyJet PLC slumped in a weak U.K. market on Friday after the cut-rate airline specified its loss forecast, while fashion retailer Next PLC was on the decline after a broker downgrade. The FTSE lost 0.6% to 6,307.83. Budget airliner EasyJet shaved off 3.5%, after it said it now expects a first-half […]

UK Migrant Concerns Likely Overblown: Report – Wall Street Journal

Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up. New! To sign up for Keyword or Symbol Alerts click here. To view or change all of your email settings, visit the Email Setup Center. UK Migrant Concerns Likely Overblown: Report – Wall Street Journal

More than 175000 UK companies have offshore directors – The Guardian

More than 175,000 UK-registered companies have used directors giving addresses in offshore jurisdictions, the Guardian has established. This raises fresh concerns about the scale of Britain’s involvement in offshore secrecy arrangements. Data obtained from the corporate information service Duedil reveals 177,020 companies have listed directors in jurisdictions such as the Channel Islands, British Virgin Islands, […]

Strong services data signals UK may have sidestepped triple-dip – The Guardian

Bank of England policymakers voted against expanding their £375bn quantitative easing programme on Thursday, after a closely watched survey of the key services sector suggested the economy will avoid a triple-dip recession. The Purchasing Managers’ Index, published by the data provider Markit, jumped to 52.4, from 51.8 in February, pointing to the fastest growth in […]

North Korea missile reach shows need for Trident nuclear deterrent – PM – The Guardian

North Korea missile reach shows need for Trident nuclear deterrent – PM – The Guardian

Link to video: UK must defend against North Korea’s nuclear threat, says PM David Cameron said on Thursday that Britain would be foolish to abandon an independent nuclear deterrent on the scale of Trident, pointing to the threat posed by North Korea, and other unstable regimes. Cameron made his remarks (video)after visiting submarine HMS Victorious, […]

Online Revenue Outstrips Radio for UK Musicians – Wall Street Journal (blog)

Online Revenue Outstrips Radio for UK Musicians – Wall Street Journal (blog)

By Anna Leach Getty Images Despite the increase, only 8% of music royalties in the U.K. came from online services in 2012. Royalties paid to U.K. musicians by online music services rose by a third in the last year, British industry group PRS for Music said Thursday. For the first time, U.K. artists received more […]