Menu
13/02/2015
Labour Propose Extended 'Clawback' Period For Rogue Bankers
The Labour Party has proposed new banking reforms that would see those guilty of misconduct made to repay bonuses going back 10 years.
Shadow chancellor Ed Balls said that the current "clawback" period of seven years, is "too weak" and that extending the timeframe would ensure bankers "pay a price".
Mr Balls announced the proposal ahead of Labour's publication of its banking reform paper, which will lay out its economic plan.
The Conservatives dismissed the proposal, saying that "nobody will trust a word Mr Balls says".
(MH/IT)
Shadow chancellor Ed Balls said that the current "clawback" period of seven years, is "too weak" and that extending the timeframe would ensure bankers "pay a price".
Mr Balls announced the proposal ahead of Labour's publication of its banking reform paper, which will lay out its economic plan.
The Conservatives dismissed the proposal, saying that "nobody will trust a word Mr Balls says".
(MH/IT)
Related UK National News Stories
Click here for the latest headlines.
25 November 2013
Mortgage Lending Takes 'Slight Dip' In October
The number of mortgages agreed in the UK fell slightly in October, according to an industry report. The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.
Mortgage Lending Takes 'Slight Dip' In October
The number of mortgages agreed in the UK fell slightly in October, according to an industry report. The British Bankers Association (BBA) report that 42,808 loans were approved by UK banks last month, down by 375 on the number in September.
18 January 2013
Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
Banks Ask For PPI Cut-Off Deadline
The Financial Services Authority (FSA) has been asked by UK banks to set a deadline of April 2014 for all further claims for compensation for mis-sold payment protection insurance (PPI) policies.
16 November 2009
'Cancel Queen's Speech' Urges Clegg
Lib Dem Leader Nick Clegg has called on the government to cancel the Queen's Speech to Parliament on Wednesday. Mr Clegg said time would be better spent working on reforms to "clean up politics".
'Cancel Queen's Speech' Urges Clegg
Lib Dem Leader Nick Clegg has called on the government to cancel the Queen's Speech to Parliament on Wednesday. Mr Clegg said time would be better spent working on reforms to "clean up politics".
25 November 2008
Mortgage Approvals Fall By 52%
Mortgage lending has fallen again over the 12 months to October, according to latest figures released from the British Bankers Association (BBA). The number of mortgages approved for house purchases was down to 21,584 - 52% lower than a year earlier. Meanwhile net lending for mortgages rose by £2.9 billion last month, compared with £3.
Mortgage Approvals Fall By 52%
Mortgage lending has fallen again over the 12 months to October, according to latest figures released from the British Bankers Association (BBA). The number of mortgages approved for house purchases was down to 21,584 - 52% lower than a year earlier. Meanwhile net lending for mortgages rose by £2.9 billion last month, compared with £3.
08 May 2015
Ed Balls Loses Morley And Outwood Seat
Labour's former shadow chancellor Ed Balls has lost his election seat to Conservative candidate Andrea Jenkyns. Mr Balls lost his Morley and Outwood seat by 422 votes after a recount.
Ed Balls Loses Morley And Outwood Seat
Labour's former shadow chancellor Ed Balls has lost his election seat to Conservative candidate Andrea Jenkyns. Mr Balls lost his Morley and Outwood seat by 422 votes after a recount.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
