Business / INSOLVENCIES
Hotels and restaurants suffered a sharp rise in company failures as the latest insolvency figures bring further gloom for the UK economy.
The sector, including bars and clubs, is under acute pressure as consumers curb spending. The number of companies in insolvency in the sector is rising at a far higher rate than for the overall economy, according to Exaro data.
UK / CHILD ABUSE
Archbishop of Canterbury Justin Welby admits in a private letter that child abuse has been “rampant” in the Church of England and other UK institutions.
Writing to the mother of three boys who were groomed and sexually abused by the headmaster of an Anglican school, Welby describes the church’s failure to “face the misdeeds of those in its service” as “inexcusable”.
UK / CHILD ABUSE
MPs this afternoon challenged the chairwoman of the overarching inquiry into child sex abuse over her links with Lord Brittan.
But Fiona Woolf, Lord Mayor of London, denied have a “close association” with him under questioning at the House of Commons home affairs committee. Woolf this morning declared social links with Brittan and his wife, as terms of reference for the inquiry was announced.
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.
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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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.