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	RUBRIC NEWS : "POWER AND LAW"

11 Dec 2009 15:25

Pakistanis most likely to be turned down for UK visas : akistanis are more likely to be turned down for visas to visit the UK than any other nationals, figures show. Some 41% of applications for family visitor visas from Pakistan were rejected in the last year, according to Home Office statistics seen by the BBC. ...

11 Dec 2009 15:21

U.K. Banks Must Face Tougher Stress Tests, FSA Says : U.K. financial companies will have to more rigorously “stress-test” business models as a result of rules published today by Britain’s financial regulator. Banks and insurers have a year to put into place “reverse stress tests,” which force companies to analyze what sort of events -- such as a liquidity shortfall or damaged reputation -- would ...

10 Dec 2009 15:10

U.K. Banks to Swallow ‘Poison Pill’ of Bonus Tax : British Chancellor of the Exchequer Alistair Darling’s plan to levy a 50 percent tax on bonuses will make banks choose between punishing shareholders or employees. Darling yesterday imposed the tax, to be paid by all banks operating in the U.K., on bonuses they pay employees until April 5. The measure, which the Treasury says will raise more than 550 million ...

08 Dec 2009 15:23

Barclays’s Diamond Criticizes Bankers’ Bonus Tax Plan : Barclays Plc President Robert Diamond said plans to impose a windfall tax on bankers’ bonuses are unwarranted, and that the U.K. risks regulatory missteps that would put London at a competitive ...

07 Dec 2009 14:38

Banks criticise plans for windfall tax on bonuses : British banking chiefs have reacted angrily to news the Treasury is considering a one-year windfall tax on bonuses paid to some UK-based bankers. A scheme could be unveiled in Alistair Darling's pre-Budget report this week. ...

07 Dec 2009 14:36

Data breach by Anglo Irish Bank affects UK clients : The Belfast office of Anglo Irish Bank is at the centre of an investigation after it accidentally released information on 500 UK customers. A bank executive emailed a Northern Ireland client a spreadsheet containing details of derivatives transactions carried out on behalf of the customers. ...

02 Dec 2009 15:27

U.K.’s Labour to Promise Voting-Reform Referendum, Guardian Says : Britain’s Labour government plans legislation within months to prepare the way for a referendum on the voting system, the Guardian reported. The referendum on whether to replace or keep the country’s first-past-the-post system would take place by October 2011 if the Labour Party is reelected in the next general election, ...

26 Nov 2009 15:02

Rise in immigrants coming to UK, ONS data shows : mmigration to the UK continued to rise last year, according to the Office for National Statistics (ONS). About 590,000 people came to live in Britain in 2008, compared with 574,000 the year before, figures showed. ...

UK banks pressed to reveal top earners : Big banks will have to disclose how many of their UK employees are paid more than £1million ($1.65M) under recommendations to be published today by City banker Sir David Walker. Sir David will say that half the bonuses paid to employees should be deferred for three to five years. He will also propose that non-executive directors be given more responsibility for pay and risk, and ask ...
26 Nov 2009 15:00

U.K. Banks Win Supreme Court Ruling on Overdraft Fees : HSBC Holdings Plc, Royal Bank of Scotland Group Plc and six other U.K. lenders won a court bid to halt an antitrust regulator’s challenge to fees that lenders charge customers who exceed ...
25 Nov 2009 15:45

UK to push for easing of EU insurance rules : The government will push for a relaxation of draft EU rules which could force UK insurers to bolster reserves by 50 billion pounds ($82.88 billion), financial services minister Paul Myners said. Skip related ...
12 Nov 2009 15:34

Britain and Australia Now Seeking UBS Dat : Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday, ...
09 Nov 2009 15:15

Britain and U.S. Clash at G-20 on Tax for Rescue : The United States and Britain voiced disagreement Saturday over a proposal that would impose a new tax on financial transactions to support future bank rescues, The New York Times’s Julia Werdigier ...
09 Nov 2009 14:58

23 Oct 2009 14:38

Banks blasted by Congress, regulators in U.S., UK : Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain ...

19 Oct 2009 14:08

Britain planning tax raid on banks: report : LONDON (AFP) – Britain is drawing up plans for a tax raid on banks that could help pay the cost of the government's bail-out of the financial system, the Sunday Telegraph newspaper reported. Among the moves being considered by ministers is a one-off windfall tax on profits, the newspaper said. It cited unidentified finance sources who said a similar tax had been imposed in 1981. ...

19 Oct 2009 13:46

US, Britain, Pakistan linked to militants : EHRAN, Iran – The chief of Iran's Revolutionary Guard on Monday accused the United States, Britain and Pakistan of having links with the Sunni militants responsible for a suicide bombing that killed five ...

U.K. to Propose Changes to Foreign Earnings Tax, Person Says : Chancellor of the Exchequer Gordon Brown next week will propose changes to the taxation system on profits earned by some of Britain's biggest companies in the rest of the European Union, a ...
18 Jun 2007 13:56

Britain facing crime wave as economy slows - report : Britain will suffer a surge in crime and overflowing jails as the economy falters, a leaked report from Prime Minister Tony Blair's strategy unit warns, according to the Sunday Times newspaper. ...
26 Dec 2006 13:49

Queen urges young and old to bridge generation gap : The Queen, who turned 80 this year, called in her annual Christmas Day message for young and old to bridge the widening generation gap. The monarch said all religions recognised the unique attributes of both ends of the age spectrum -- the drive and energy of the young and the maturity of the old. ...
26 Dec 2006 06:54

George Orwell Was Right: Spy Cameras See Britons' Every Move : It's Saturday night in Middlesbrough, England, and drunken university students are celebrating the start of the school year, known as Freshers' Week. One picks up a traffic cone and runs down the street. Suddenly, a disembodied voice booms out from above: ...
25 Dec 2006 18:46

U.K. Government Tells Lords Not to Block U.S. Extradition Deal : The U.K. government will tell the House of Lords to withdraw its demand to prevent the U.S. and other countries from extraditing British citizens for crimes allegedly carried out in the ...
07 Nov 2006 12:07

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