Business / INSOLVENCIES
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.
UK / CHILD ABUSE
Lord Mayor of London Fiona Woolf is preparing to make a statement to dismiss concerns about her chairing the overarching inquiry into child sex abuse.
Woolf will “robustly” reject claims that her links with Lord Brittan make her position as head of the inquiry untenable, Whitehall sources say. She will issue a statement after returning to the UK from an overseas trip.
UK / CHILD ABUSE
This year’s Conservative conference is set to be dogged by fresh allegations about how the party covered up for paedophile MPs.
New claims about Sir Peter Morrison, the late MP who was Lady Thatcher’s parliamentary private secretary when she was prime minister, are due to be published at the end of this month to coincide with the Conservatives’ annual conference.
New head of CSA inquiry is cleared to read intelligence papers
Home secretary Theresa May has taken a crucial step to ensure that the inquiry into child sex abuse can examine intelligence documents, Exaro can reveal. Fiona Woolf, who was appointed yesterday to chair the overarching inquiry, has security clearance to read such material, well-placed sources told Exaro. MPs who initiated the call for the inquiry see this as a crucial move.
Company failures fall slightly amid volatile data for year so far
Latest figures from the Exaro Insolvency Index show that company failures fell slightly amid a volatile picture for the UK economy so far this year. However, the construction sector has shown strong improvement throughout 2014, with consistent falls in insolvencies. Overall, the number of companies that filed one or more insolvency notices in July dropped by 1.6 per cent compared with July 2013.
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Westland faces ban from selling helicopters to Indian forces
Helicopter maker AgustaWestland faces losing the chance of defence deals with India worth billions of pounds because of bribery allegations against it. The UK’s only helicopter manufacturer and its Italian parent company, Finmeccanica, are bracing themselves from being “blacklisted” from India following formal advice issued by the country’s attorney general, its top law officer, to its Ministry of Defence.