Friday. 31 October 2014

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UK

Leon Brittan leaves vice-chairman job at UBS Investment Bank

Lord Brittan has stepped down as UBS Investment Bank’s vice-chairman two months after being named in Parliament over a lost dossier on VIP paedophiles. He left his UBS post in September. Detectives interviewed the 75-year-old Tory grandee under caution in June over an allegation that he raped a 19-year-old female student in 1967 before he became an MP. Brittan denies the claim.

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Business

Ministers ‘must not interfere’ with SFO’s case over Saudi bribes

Ministers are being warned against “political interference” in a bribery investigation into a massive UK contract to overhaul military communications in Saudi Arabia. Transparency International and Corruption Watch fear a repeat of the debacle in 2006 when the UK government pressured the Serious Fraud Office to shelve its investigation into alleged bribery over sales of military jets to Saudi Arabia under ‘Al Yamamah’.

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Business

Scotland sees fall in company failures after year of dismal data

Insolvencies in Scotland fell last month far faster than for the rest of the UK in a boost ahead of tomorrow’s independence referendum. But figures compiled by the Exaro Insolvency Index show that the drop came after a poor year for company failures in Scotland. Insolvencies have risen sharply in Scotland this year so far, but have fallen slightly in the rest of the UK.

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