Car makers furthest away from meeting emissions rules due to be in force in 2020 have been lobbying the hardest against tighter regulations. That is the conclusion of a new report by InfluenceMap, which tracks lobbying over policy on climate change.
Business / MONEY LAUNDERING
Pressure is rising on ministers to set up a national UK agency to fight money laundering to stem the flow of funds for terrorism.
Police and regulatory sources revealed to Exaro their worries about a patchwork of 27 bodies that currently supervise the reporting by accountants, lawyers and other professions of transactions suspected of fuelling terrorism, human trafficking or organised crime.
London and Wales showed large falls in company failures as insolvencies across the UK dropped year on year for the third quarter in a row. The Exaro Insolvency Index reveals a continuing deceleration in the number of insolvencies this year, down on 2014 by 11.5 per cent across the UK. Insolvencies also fell five per cent in the third quarter compared to the second.
Former defence secretary Geoff Hoon faces fresh pressure as Anglo-Italian helicopter manufacturer AgustaWestland has been plunged into a spate of corruption claims. Hoon, managing director for AgustaWestland’s international business, will be responsible for helping the company to defend itself from several criminal investigations abroad. He had helped to promote AgustaWestland’s business in two countries where investigations are under way.
This year’s falling rate of company failures is gathering pace as even the manufacturing sector sees a turnaround in insolvency levels. New figures from the Exaro Insolvency Index show how company failures fell faster in the second quarter of the year than in the first. The construction sector saw a strong year-on-year decrease, and Scotland had a turnaround from the previous quarter.
Scotland suffered a sharp year-on-year rise in insolvencies while the UK as a whole saw a slight fall. With Scotland set to be the key battleground in next Thursday’s general election, the latest data from the Exaro Insolvency Index highlights how its economy is faring relatively badly under the UK’s “austerity” strategy. Scotland’s first minister, Nicola Sturgeon (pictured), is staunchly opposing “austerity”.
Rebekah Brooks is set to return to The Sun following her acquittal last year of all charges related to the “phone-hacking” scandal. The former chief executive of Rupert Murdoch’s newspaper division in the UK – and ex-editor of The Sun – is being lined up to take charge of the paper’s digital operation and its video offering, according to well-placed sources at the red-top tabloid. Updated 2 September 2015
Companies in the UK have suffered a rise of a third in insolvencies as growth in the economy loses steam. New figures show a sharp increase in the number of companies that filed for insolvency in December compared with the same month the previous year. The data from the Exaro Insolvency Index comes as growth sagged in the final quarter of 2014.
Retailers have enjoyed a pre-Christmas boost with a year-on-year fall of more than a fifth in the number of them filing for insolvency. There were 108 retail companies that filed one or more insolvency notices in November, 22.8 per cent down on the same month last year. It comes against a backdrop of a slight increase in insolvencies for the overall economy.
Wholesale and retail companies overall saw an annual fall of around a third in the number of insolvencies, according to analysis by Exaro. The Exaro Insolvency Index shows a fall in October on the same month last year, as well as the latest quarter compared to 2013. The positive figures for the sector are set against a rising level of insolvencies across the economy.
Hotels and restaurants suffered a sharp rise in company failures as the latest insolvency figures bring further gloom for the UK economy. The sector, including bars and clubs, is under acute pressure as consumers curb spending. The number of companies in insolvency in the sector is rising at a far higher rate than for the overall economy, according to Exaro data.