PPI complaints to ombudsman soar as banks fail to deal with claims

Financial Ombudsman Service received a record 2m inquiries and complaints last year, including almost 380,000 about PPIConsumers complained to the Financial Ombudsman Service (FOS) in record numbers last year, as the fallout from the payment protection insurance (PPI) mis-selling scandal continued and financial services customers became more aware of their rights.In its annual review, published […]
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Eight top fashion retailers fail to sign Bangladesh safety accord

The accord on building safety in Bangladesh has been signed by Primark, Tommy Hilfiger, Calvin Klein, Zara and Tesco At least eight of the UK’s leading fashion retailers had last night failed to put their names to a legally binding initiative to offer financial support for fire safety and building improvements in the wake of […]
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Ed Miliband will fail if he locks himself into Tory austerity | Seumas Milne

Falling living standards make Labour favourite to win the next election. It needs policies to match the scale of the crisisWithout an early economic turnaround or a Labour implosion, Ed Miliband is likely to be the next prime minister. Nick Clegg’s announcement this week that he would be ready to serve in a Miliband-led government […]
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Ed Miliband will fail if he locks himself into Tory austerity | Seumas Milne

Falling living standards make Labour favourite to win the next election. It needs policies to match the scale of the crisisWithout an early economic turnaround or a Labour implosion, Ed Miliband is likely to be the next prime minister. Nick Clegg’s announcement this week that he would be ready to serve in a Miliband-led government […]
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Co-op claims over Lloyds deal collapse fail to add up

Co-operative Group bit off more than it could chew in pursuing Lloyds, as Osborne’s pro-competition policy lies in ruinsWhat touching faith the Co-operative Group had in George Osborne’s ability to awaken the UK economy. We are told it was “the current economic environment” and “the worsened outlook for economic growth” that were two factors behind […]
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Obama braced for showdown after budget plans fail to soothe Republicans

Obama offers concessions on welfare in $3.7tn budget but warns GOP he will not cut entitlement without closing tax loopholesWashington faces a new and damaging clash over tax and spending later this year after Barack Obama released a $3.7tn budget on Wednesday that offered controversial concessions to the Republicans on welfare cuts but that fell well […]
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George Osborne’s budget provides cold comfort as green shoots fail to emerge

Things are unlikely to improve by the next election and the chancellor will have to admit he has not made voters better offMany had suggested this was George Osborne’s last chance to get the economy growing by the time of the election. Yet the net effect on growth of the measures in this budget is […]
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Lloyds and RBS: too big to fail – and too big to manage

At the heart of the argument over the results of the partially state-owned banks is sovereignty of the peopleHearing the CEOs of Britain’s “too big to fail” banks talk up their annual results in the past few days, it was difficult not to feel a mixture of pity, respect and fear. In particular, the heads […]
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Two in three councils fail struggling parents who want to work, childcare survey claims

Funding shortages mean that two-thirds of local authorities in England and Wales are failing to meet responsibilities, according to new reportTwo out of three local authorities in England and Wales are failing to provide enough childcare to support parents who work, according to figures to be published this week.For families with disabled children the picture […]
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