Category Archives: Money

US refused to prosecute HSBC money laundering citing “market risk”

From BBC News: US officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a “global financial disaster”, a report says. A US Congressional report revealed UK officials, … Continue reading

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Shops in Crickhowell take finances offshore to protest tax avoidance

From The Independent: When independent traders in a small Welsh town discovered the loopholes used by multinational giants to avoid paying UK tax, they didn’t just get mad. Now local businesses in Crickhowell are turning the tables on the likes … Continue reading

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Housing Associations back Right to Buy deal

From 24Dash: It has been revealed that 86% of NHF members voted in support of the deal, representing 93% of the sector’s total rented homes. In an email sent to housing associations and seen by 24housing editorial team, David Orr … Continue reading

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Iain Duncan Smith to station job advisors at food banks:

From Huffington Post: The Government wants to station job centre advisors at food banks to help get hard-pressed families work in a significant extension of the role of charities. Iain Duncan Smith, the Work and Pensions Secretary, told MPs that … Continue reading

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DWP admits making up quotes by ‘benefit claimants’ saying sanctions helped them

From The Independent: The Department for Work and Pensions has admitted making up comments from supposed “benefit claimants” that appeared in a leaflet about sanctions. The leaflet, which has now been withdrawn, included positive example stories from people who claimed … Continue reading

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Tenant evictions reach six-year high amid rising rents and benefit cuts

From The Guardian: Bailiffs in England and Wales evicted more than 11,000 families in the first three months of 2015, 51% higher than in same period five years ago. The number of tenants evicted from their homes is at a … Continue reading

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Powers to bring empty homes into use only used 17 times in 2014

From The Guardian: Powers designed to help English councils bring empty homes back into use were used just 17 times in 2014, according to figures obtained by the Green party MEP Keith Taylor. Empty dwelling management orders (Edmos) were introduced … Continue reading

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Increase in food suppliers at risk of collapse

From BBC News: More than 100 food suppliers could be forced out of business as supermarkets cut prices in an effort to keep their customers, according to a new report. There are more companies in financial distress in this sector … Continue reading

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Environment Agency pension fund invests in industries the agency regulates

From The Independent: The Environment Agency (EA) has been accused of having a “clear conflict of interest” after an Independent on Sunday investigation found the UK regulator’s pension fund invests millions in controversial industries which it then regulates. In the … Continue reading

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New Era estate in London purchased by charitable foundation

From The Guardian: US investors who planned to evict dozens of families and more than double rents at the New Era estate in east London have sold the development to Dolphin Square Charitable Foundation, an affordable housing group which says … Continue reading

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