Business / PENSIONS
Big investors continued to place deposits with Iceland’s banks even as the country’s economy was sliding into serious trouble. Those banks, of course, duly collapsed.
An economist who was part of the management buy-out that established Ashmore Investment Management argues how pensions funds are being put at risk as governments in the West use ‘financial repression’ to finance national debt.
UK / SCHOOLS
Council officials are threatening to punish private schools that offer “coaching” to pupils to prepare them for the 11-plus test.
Exaro has established that Buckinghamshire County Council has taken the extraordinary step as it introduces a new 11-plus exam aimed at reducing the effect of such coaching. The local authority is threatening to strip “partner schools” of their status.
Business / GOVERNMENT FINANCES
Demands by tax officials for client lists and other third-party data sets have increased by nearly a half since the coalition government came to power.
Figures released to Exaro under the Freedom of Information Act show that HM Revenue & Customs used its powers to obtain “bulk information” many more times in the tax year just ended, compared with 2010-11.
UK / CHILD ABUSE
MPs are accusing the Ministry of Defence of forcing children of service personnel to stay at schools in the face of allegations of sexual abuse.
MoD officials revealed that, under the rules on education benefit for top forces personnel, children may have to remain at a private school even where they allege that they have been sexually abused. Updated 23 May 2013.
Commentary: how ‘zombies’ and ‘phoenixes’ stalk UK economy
Figures for corporate insolvencies are lower than we might expect at this stage in a recessionary cycle, writes the Insolvency Practitioners Association’s chief executive. But this downturn and recovery has a markedly different shape and length compared with previous recessions. The inaugural Exaro Insolvency Index last week showed that the number of UK companies going into administration or receivership is falling this year. Exaro Insolvency Index.
Scotland’s Lord Advocate challenged over remarks on Lockerbie
Scotland’s most senior law officer has been challenged to withdraw dismissive comments about allegations over the investigation and trial of the Lockerbie bombing. Campaigners for a public inquiry to re-open the case have issued a stinging rebuke to Frank Mulholland, Lord Advocate and head of the Crown Office, Scotland’s prosecuting authority, over his handling of their allegations of criminal conduct in the original case.
Capita contract for court interpreters veers towards ‘collapse’
Interpreters are warning that the huge private contract to provide translation services for courts in England and Wales is on the brink of collapse. It comes as court interpreters are refusing to work after Capita, the outsourcing giant that took over the contract, slashed their travel expenses. Hearings are being held up as court officials scramble to find replacements.