The time has come for a football regulator with teeth November 25, 2021 The point of free-market capitalism, which this paper subscribes to with whole-hearted support, is not that the animal forces of supply and demand should be left perfectly unchecked. For that reason, we set a level playing field – from the Financial Conduct Authority to the Competition and Markets Authority, we put safeguards in place to [...]
Football could be set for new financial watchdog after Crouch review November 24, 2021 ENGLISH football is set for a new financial regulator after a Government-commissioned review into governance of the beautiful game slammed current safeguards as insufficient. The review, written by Tory MP and former sports minister Tracey Crouch, recommends the creation of a new independent watchdog which would oversee financial regulation across football. Last night sources close [...]
BA’s owner IAG could face investigation over Air Europa’s takeover November 22, 2021 British Airways’s owner IAG could face a formal investigation by the UK Competition and Markets Authority (CMA) over the proposed takeover of Spanish carrier Air Europa. The watchdog announced today that it is “considering whether this transaction, if carried into effect, will result in the creation of a relevant merger situation” that could lead to [...]
Government warned private parking plans can lead to ‘carmageddon’ of illegal parkers November 22, 2021 Government plans to cap private parking fines may results in car parks could be overrun by a “carmageddon” of illegal parkers, industry experts have warn this morning. The Government has been consulting on plans to reduce the cap on private parking fines from £100 to £50 across the UK after raising “concerns about the practices [...]
Boris Johnson to force all new UK buildings to install EV charging points November 21, 2021 Owners of newly built homes and commercial buildings will be forced to install electric vehicle charging points from next year under new regulations to be announced by Boris Johnson tomorrow. The new regulations, which Downing Street says will lead to 145,000 extra charge points installed across England each year, will also extend to properties “undergoing [...]
EV premiums tumble by £97, research says November 18, 2021 Insurance rates for electric vehicles (EV) have gone down by £97, from £753 to £656, while premiums for petrol and diesel slumped by £82 to £622 in the third quarter of 2021. Research from price comparison website Comparethemarket has revealed that, despite the decline, the average annual insurance for EV is still £33 more expensive [...]
After 12 years: PwC likely to be replaced by EY as Aviva auditor November 18, 2021 Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
CMA to open EV charging competition on motorways November 17, 2021 The UK Competition and Markets Authority (CMA) is set to open up a competition for electric vehicle charging on motorways. Citing the necessity for drivers to have “a greater choice of chargepoints where they need them”, the CMA has set established for competing firms to offer legally-binding assurances, also known as commitments. For its part, [...]
FCA pushes back on union recognition demands November 17, 2021 The Financial Conduct Authority (FCA) has pushed back on union demands to give official recognition to Unite the Union as the representative of staff at the watchdog. The new Unite general secretary Sharon Graham wrote to the regulator’s CEO Nikhil Rathi ten days ago, alleging that “staff at the Financial Conduct Authority are flooding to [...]
FCA unveils plans to ban debt advice firms charging referral fees November 17, 2021 Debt packager firms will be banned from chasing commission to refer those in financial distress on to other providers of debt solutions, under new plans unveiled by the UK’s financial watchdog today. The ban concerns debt advice firms that rely on income from referral fees paid by the other firms that they recommend – a [...]