"Elite Greedy Pigs"
- 30 October 2013 12:39250651Barclays drawn into foreign exchange probe...
"Barclays is among companies under investigation for possible manipulation of foreign exchange trading, the British bank said on Wednesday.
Barclays, which is still looking to repair its reputation following its role in the Libor interest rate-rigging scandal, said it was unable to predict the fallout of the latest worldwide probe into financial sector activity.
Deutsche Bank revealed on Tuesday that it too was being investigated over its foreign exchange trading, alongside Swiss bank UBS and Britain's state-rescued Royal Bank of Scotland which have also come forward.
Barclays said it "has received enquiries from certain ... authorities related to their particular investigations, is reviewing its foreign exchange trading covering a several year period through August 2013 and is cooperating with the relevant authorities in their investigations"..."
http://uk.news.yahoo.com/barclays-drawn-foreign-exchange-probe-121230017.html#sLTrF88Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing. - Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
30 October 2013 23:32250700and on the saga goes,,,,ALL POSTS ARE MY OWN PERSONAL VIEWS - 31 October 2013 09:37250715Flashman feels Finance Johnnies collar ....
Register revealing firms' true owners will be open to public, says Cameron
Crackdown on 'cloak of secrecy' that can aid tax evasion will make new Companies House register available to all
The government will announce that a planned register setting out the true owners of companies will be open to the public for scrutiny, not just the tax authorities, in a continuing effort to deter tax evasion.
A register of beneficial owners was one of the key main demands of campaigners when Britain chaired June's G8 summit of world leaders in Northern Ireland.
Campaigners have been determined to break down the wall of secrecy that lies at the heart of much tax evasion and Britain will be the first country to commit to an obligatory public register.
David Cameron announced plans in the summer to crack down on UK accountants, lawyers and business figures who use shell companies - often located in offshore tax havens - to hide the identity of ultimate beneficiaries.
Firms registered in Britain will come under a legal obligation to obtain and hold adequate, accurate and current information on the ultimate owner who benefits from the company - and be required to place the information on a central register that would be maintained by Companies House. - 31 October 2013 09:52250718
- Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
31 October 2013 09:59250721there is all ways this to,from the mirror of course.
http://www.mirror.co.uk/news/uk-news/britain-should-re-nationalise-energy-drive-2657665 - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
31 October 2013 10:01250722on a similar theme ids proves he is out of touch to.
http://www.mirror.co.uk/news/uk-news/iain-duncan-smith-accused-treating-2658500 - 31 October 2013 11:55250733Eye read...
"Power players,
The new buzz word surrounding the Big Six energy providers, whose senior suits are being grilled by MPs this week, is transparency.
With regulator Ofgen disputing their wholesale price rises excuse for inflation-busting average price increases of just over 9%...it might be thought that answers as to how much they make from producing, storing and selling gas and electricity could be easily found in the companies accounts.
But no. Why? Because the major players...are vertically integrated companies...and within such corporate structures, defining where and what profits are made is largely impenetrable from outside. But it can be decided internally.
For vertically integrated companies, there is always the key issue of what price is paid by one company for purchases from or sales to another company in the same group...
...This also involves the thorny issue of transfer pricing...
...Nor does a study of the individual accounts of the UK subsidiaries [of Centrica] ...give much more insight, for the very simple reason.
Quite legally, Centrica takes advantage of an accountancy rule - "Financial Reporting Standard 8, Related Party Disclosures" - which provides an exemption "from disclosing transactions with other wholly owned group companies"...
...The evidence of transfer pricing issues is present in several of the UK subsidiaries accounts in relation to the corporation tax liability computations...
...This maze of data, while fully compliant with UK accounting rules, can hardly be said to provide anything approaching a clear picture of Centrica/British Gas's activities in the UK energy market. The same can be said of their UK rivals' accounts. Those that are foreign-owned can be even more opaque..."
In the City: Issue No. 1352
P.S.
Ed Davey: easier switching between energy firms will fight fuel poverty
"...Davey, speaking on the BBC, said easier switching could help people save up to £400 a year.
Davey's aides says the measures will make it easier for customers to switch energy suppliers within 24 hours, rather than the five weeks it currently takes.
He said some of the big six firms "are clearly making too much from some of their consumers because that is how they make so much money", and that "some of the companies try to lock in their customers by making it difficult to switch"..."
http://www.theguardian.com/politics/2013/oct/31/energy-bills-switching-fuel-poverty-ed-davey
"are clearly making too much from some of their consumers because that is how they make so much money"?????
What utter tripe!Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing. - Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
31 October 2013 12:14250734lets hope the mouse is serious in the plight to sort some of thees geezers outALL POSTS ARE MY OWN PERSONAL VIEWS - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
31 October 2013 14:56250755there is two answers to that kieth no and cant be botherd.,the mouse that is. - Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
31 October 2013 23:03250795No good just doing the talk brian
people expect the mouse to actALL POSTS ARE MY OWN PERSONAL VIEWS - 31 October 2013 23:46250796Groan. All this copy and pasting is spreading like a virus. It should also be said that when talking about elite greedy pigs I'm reminded of the extremely rich Tony Blair, Gordon Brown, Neil Kinnock, Ed Milliband alongside all the champagne socialists who labour party supporters see as their saviors and idols.
Weird world. - 1 November 2013 01:00250798Don't forget your old pal Genghis Philip.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing. - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
1 November 2013 19:35250855 - Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
2 November 2013 04:54250882barclays are on the rails now
another shamblesALL POSTS ARE MY OWN PERSONAL VIEWS - Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
2 November 2013 05:21250889another tory at it.disgracefull.
http://www.mirror.co.uk/news/uk-news/tory-minister-stephen-hammond-cut-2667129 - 2 November 2013 09:33250903The Conservative party encourage egp`s and they will flourish under a Tory regime.
- 2 November 2013 10:01250907Quite man Ed has prodded Flashman in the right direction once again but it will be
lots of words and headlines and no action.....come on 2015............
After power furore, now focus turns to above-inflation rises in water bills
Government drawing up moves to stop water companies ripping off customers
Moves to stop water companies ripping off their customers are being drawn up by the Government in an attempt to curb above-inflation rises in bills.
The plan, which forms part of a drive by David Cameron to see "household bills coming down", emerged as Ed Miliband signalled the water firms were also in his sights.
The Labour leader stopped short of calling for a freeze in their charges, although he warned the industry needed to be properly "scrutinised". - 2 November 2013 12:51250917I'm hardly surprised Red Ed decided not to call for a freeze. Imagine the burst pipes after the thaw.
- Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
2 November 2013 22:58250960needs sorting,,,ALL POSTS ARE MY OWN PERSONAL VIEWS - 5 November 2013 09:01251238Prince Charles's £19m-a-year Duchy of Cornwall estate should face tax scrutiny, MPs say
Prince Charles's burgeoning estate of land, properties and businesses, which generate £19m of personal income each year, should be investigated for tax purposes, an influential committee of MPs has claimed.
The Treasury has been urged to look at whether the Duchy of Cornwall has an "unfair advantage" over commercial rivals, because its royal status gives it exemption from corporation tax and capital gains tax.
In a far-reaching report on the Duchy of Cornwall's accounts, the House of Commons Public Accounts Committee (PAC) called for the Prince's income tax arrangements to be opened up to scrutiny to improve transparency
Full story Independent.