02/10/2003
£22m in criminal cash funnelled back into communities
More than £22 million a year of criminals' cash is to be recycled back into communities and front-line agencies, the government announced today.
Projects that bolster front-line agencies' ability to recover more illegally acquired wealth will receive £15.5 million, whilst communities suffering from "crime and anti-social behaviour", including gun crime, will get £7 million.
The move to invest the funds follows the introduction of the Proceeds of Crime Act and the creation of the Assets Recovery Agency.
Home Secretary David Blunkett said that the new powers enabled authorities to confiscate "more criminal cash and assets than ever before".
"Stripping criminals of their assets will be the norm, not the exception," he said.
"Nationally, police and Customs have already seized £36 million in suspect cash. And the Assets Recovery Agency is now up and running and making a real impact. Together we are sending out the strongest signal that crime does not pay."
(gmcg)
Projects that bolster front-line agencies' ability to recover more illegally acquired wealth will receive £15.5 million, whilst communities suffering from "crime and anti-social behaviour", including gun crime, will get £7 million.
The move to invest the funds follows the introduction of the Proceeds of Crime Act and the creation of the Assets Recovery Agency.
Home Secretary David Blunkett said that the new powers enabled authorities to confiscate "more criminal cash and assets than ever before".
"Stripping criminals of their assets will be the norm, not the exception," he said.
"Nationally, police and Customs have already seized £36 million in suspect cash. And the Assets Recovery Agency is now up and running and making a real impact. Together we are sending out the strongest signal that crime does not pay."
(gmcg)
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13 November 2003
Funding boost for fight against people traffickers
The fight against organised immigration crime was boosted today, as the government announced a trebling of funding – to £60 million – for law enforcement work to disrupt people traffickers and seize their profits.
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21 April 2008
£50 Billion For UK Banks
In a bid to curtail the effects of the burgeoning credit crunch, the Bank of England has confirmed a £50 billion cash boost for UK banks. According to leading mortgage lender, Halifax, house prices have fallen by 2.5 per cent in March marking a significant decrease since September 1992.
£50 Billion For UK Banks
In a bid to curtail the effects of the burgeoning credit crunch, the Bank of England has confirmed a £50 billion cash boost for UK banks. According to leading mortgage lender, Halifax, house prices have fallen by 2.5 per cent in March marking a significant decrease since September 1992.
07 May 2009
UK Interest Rates To Remain At 0.5%
The Bank of England's Monetary Policy Committee has announced it will kept interest rates on hold at 0.5%, for the second month in a row. The news came as the MPC decided to go ahead with pumping £50 billion of new money as part of its quantitative easing on the economy.
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25 September 2008
Hundreds Of Jobs To Go At Top Mortgage Lender
Leading UK mortgage lender Bradford and Bingley has announced almost 400 job cuts, amid turmoil in the domestic mortgage market, and wider global economic pressures. The closure of a mortgage processing centre and the streamlining of sales representatives, who deal with brokers, is set to result in 370 job losses.
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Leading UK mortgage lender Bradford and Bingley has announced almost 400 job cuts, amid turmoil in the domestic mortgage market, and wider global economic pressures. The closure of a mortgage processing centre and the streamlining of sales representatives, who deal with brokers, is set to result in 370 job losses.
24 February 2004
Police to gain from seizures of 'criminally acquired wealth'
Police forces will benefit from a greater share of the criminal assets they recover under a new incentive scheme announced today by the Home Office. Designed to motivate police to seize, confiscate and recover "criminally acquired wealth", the scheme rewards forces by giving them a stake in the assets clawed back from criminals.
Police to gain from seizures of 'criminally acquired wealth'
Police forces will benefit from a greater share of the criminal assets they recover under a new incentive scheme announced today by the Home Office. Designed to motivate police to seize, confiscate and recover "criminally acquired wealth", the scheme rewards forces by giving them a stake in the assets clawed back from criminals.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
