Severn tidal power barrage plans slammed by MPs

Severn tidal power barrage plans slammed by MPs Severn estuary barrage could meet up to 5% of the UK’s electricity needs, but critics fear wildlife could be affected.
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Funding for lending scheme failing to refresh flagging UK economy

Plenty of excuses have been wheeled out to explain why banks are lending less than last year – none especially convincing There used to be a TV ad for Heineken that boasted that it refreshed the parts other beers could not reach. The Bank of England’s funding-for-lending scheme has the reverse effect: it refreshes only […]
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Heathrow to name noisy airlines

Britain’s biggest airport to introduce noise-ranking system in effort to stem sound pollutionBritain’s biggest airport is to rank airlines according to how noisy their aircraft are as part of plans for a quieter Heathrow. It also plans to significantly increase fines for airlines that break noise limits and to trial new plane departure routes with […]
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Government to end tax scheme as part of energy company crackdown

Government announce plans as chancellor accuses gas and electricity distributors of trying to game the tax systemFresh attempts to crack down on alleged abuse by energy companies were underway last night with the UK government announcing plans to end a £900m “windfall” tax scheme, and a further inquiry into BP over possible fuel price fixing […]
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Final salary pension closures accelerate

Survey shows all FTSE 100 companies’ final salary pension schemes could be shut within a decadeMore than a quarter of FTSE 100 companies have shut their final salary pension schemes to all their workers, and the pace of closure could mean they are all closed within a decade, pensions consultants have warned.A survey of the […]
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BT pension scheme option: should I opt to take a higher rate now?

BT is offering me a higher pension now in return for lower increases in future. How do I get the best advice on what to do?I am a pensioner and my former employer, BT, has offered me a higher pension in exchange for receiving lower pension increases in the future. I have never heard of […]
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Scottish bank customers warned over deposit protection scheme

After independence Scottish banks may have trouble matching the Financial Services Compensation Scheme’s guaranteeBank customers and pensioners in Scotland would be less well protected if the country voted to leave the UK, a report warned on Monday.The analysis, part of the Treasury’s look at devolution’s impact, says an independent Scotland could have significant difficulties providing […]
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Sir Mervyn King: don’t demonise bankers

Outgoing Bank of England governor blames regulatory failure for banking crisis and not individualsThe outgoing governor of the Bank of England has called on the British people not to “demonise” bankers for the financial crisis.Sir Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the […]
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MP on Google tax avoidance scheme: ‘I think that you do evil’

Google and Amazon face fresh attack over claims that their multibillion-pound UK-facing businesses should not be taxedGoogle and Amazon came under fierce attack from MPs and tax campaigners after fresh whistleblower allegations put further strain on claims by the internet giants that their multibillion-pound UK-facing businesses should not be taxed by Revenue & Customs.Margaret Hodge, […]
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