Clothing Giant Next Loses Tax Avoidance Case

Clothing Giant Next Loses Tax Avoidance Case High street retailer Next has been hit with a £22.4m tax bill after a court ruled the firm’s complex tax scheme was artificial tax avoidance.
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Unthinkable? Not privatising Royal Mail | Editorial

The traditional reason for flogging the service was that it was a financial basket case. Not any moreIf ministers get their way, our postal services will be sold off within a year. Details of the privatisation are taking shape: Goldman Sachs and UBS will be in charge of a consortium of investment banks providing advice […]
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Tory MP Patrick Mercer resigns from party after lobbying sting

Former shadow minister is understood to have failed to declare £2,000 he was paid by journalists posing as lobbyistsPatrick Mercer, the former shadow minister, has resigned from the Conservative party after being caught up in a sting by journalists posing as lobbyists, having failed to declare £2,000 of the £4,000 they paid him.The Conservative MP […]
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Severn Trent bidders consider improved takeover offer

Consortium likely to offer about £21 a share after company’s results this week, but some investors said to want £23Severn Trent is bracing itself for an improved takeover bid worth £5bn after its swift rejection of an approach from a group of UK and international investors.The water company will report full-year figures on Thursday and […]
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Sifting the facts from the fiction about contactless cards

Can someone else scan your contactless card through your pocket … we ask the experts what’s true and what’s notThe reports of contactless charging errors on buses and in stores will have left some people nervous – and have prompted a flurry of theories about what’s wrong with the technology and how you can protect […]
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News story: Woolwich attack victim confirmed as serving soldier

The Metropolitan Police believe they know his identity but said he has yet to be formally identified. His next of kin have been informed. In line with the wishes of his family his identity will not be released at this stage. Chief of the Defence Staff General Sir David Richards said: I was appalled to […]
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NHS chief to step down next year after criticism over Mid Staffs scandal

Sir David Nicholson, who came under intense pressure after Francis report, tells ‘surprised’ Jeremy Hunt he plans to retireSir David Nicholson, the NHS chief executive caught up in the Stafford hospital scandal, has announced that he will step down from his post next March.Nicholson came under intense political pressure after publication of the Francis report, […]
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