British Gas under fire for raking in 50 profit per household just months after hiking bills… and the boss looks forward to walking away with 10m Company profits for 2012 have soared to 606million But price rises for 12million customers could come as early as next winterShadow Energy Secretary says market too dominated by 'big six' firmsCaroline Flint called for tough regulation so public don't feel 'manipulated'Campaigners say consumers feel 'resentment and dread' as bills still rise will be used to help fund a 10million package in pay, shares and pension pot for departing boss Phil Bentley, who will leave the business in June.
Profits up 11 per cent but British Gas plans another price increase… as bosses line up a 10million windfall Company profits for 2012 soared to 606million But price rises for 12million customers could come as early as next winter have soared by 11 per cent on the previous year to 606million.
From non-existent shares to dodgy property schemes: The scams that target your life savings Fraudsters scam trusting investors out of more than 1.2billion every yearPersonal impact of fraud can hit victims harder than the financial blowEstimated nine in ten cases go unreported according to City regulator | UPDATED: 11:00 GMT, 26 December 2012 You never think it could happen to you — but fraudsters scam trusting investors out of more than 1.2billion every year. From cold-calling chancers flogging non-existent shares to smooth-talking salesmen convincing you to plough thousands of pounds into dodgy property schemes, criminals never miss an opportunity to tap into an age-old instinct — the desire to get rich quickly.
MPs may be sued over their second home profits if they refuse to hand over part of the profits they have madeStandards authority will sue MPs who fail to return share of capital gainsAt least 10 MPs still to comply with expenses watchdogMPs forced to pay up tens of thousands since expenses scandal | UPDATED: 01:11 GMT, 24 December 2012 Former environment secretary Sir Jim Paice has agreed to pay 10,000 back to to the taxpayer The Commons expenses watchdog is preparing to take legal action against MPs who refuse to hand back a share of the profits they have made on taxpayer-funded second homes. The Independent Parliamentary Standards Authority said it is looking at suing MPs who fail to return a share of the 'capital gain' from the increase in value of their homes over two years
Taxpayer risks losing 1billion under Osborne plan to bribe workers into giving up their rights Employees urged to sacrifice rights in return for shares in their firmChancellor offered tax break on profits to encourage take upOffice for Budget Responsibility says it could cost 1billion by 2017-18Institute for Fiscal Studies condemns 'lollipop' at a time when ministers condemning other tax avoidance | UPDATED: 16:07 GMT, 11 December 2012 Giving workers shares in their companies in return for losing some employee rights could cost 1billion, it emerged today.
Australian radio station cancels Christmas party and vows to donate half a million dollars to family of nurse who died after taking hoax call2Day FM had cancelled all advertising, but will now bring ti back and donate profits to familySydney-based station has also cancelled Christmas party | UPDATED: 14:06 GMT, 11 December 2012 The Australian radio station that made the hoax call that preceded the apparent suicide of nurse Jacintha Saldanha is to donate $500,000 (326,000) from its advertising profits to her family. Sydney-based 2Day FM again expressed 'deep regret' over the death of Miss Saldanha, which took place shortly after she fell for the trick by two DJs at King Edward VII Hospital in London. The radio station's owners had cancelled all of its advertising after broadcasting the call, in which Mel Greig and Michael Christian pretended to be royals checking up on the Duchess of Cambridge, who was being treated for acute morning sickness
Arms dealer jailed for seven years for shipping thousands of AK47s to NigeriaGary Hyde oversaw the shipment of 40,000 AK47s, 30,000 rifles,10,000 9mm pistols and 32 million rounds of ammunition to the African nationHyde did not have a licence to partake in the deal between China and Nigeria He then hid more than $1million – 620,460 – in commission payments | UPDATED: 21:47 GMT, 5 December 2012 Jailed: Arms dealer Gary Hyde, 41, was found guilty of shipping weapons to Nigeria without a licence and then hiding his profits from UK authorities An arms dealer who helped ship thousands of AK47 assault rifles and millions of rounds of ammunition from China to Nigeria has been jailed for seven years. Gary Hyde, 43, moved the weapons without a licence and hid more than one million US dollars – 620,460 – in commission payments.
Starbucks set to cave in and pay more tax after threats of boycott at its 'immoral' financial dealings The US-owned coffee chain have not paid corporation tax for 14 yearsIt recorded no taxable profits despite enjoying a 31 per cent market shareThe chain is facing a boycott, backed by the Treasury chief secretary | UPDATED: 07:34 GMT, 4 December 2012 Outcry: Starbucks is set to pay more tax in the UK after it was accused of acting 'immorally' after it emerged that it has paid no corporation tax in 14 of the past 15 years Starbucks is set to pay more tax in the UK following public outcry at its convoluted financial dealings. The US-owned coffee chain was accused by MPs of acting ‘immorally’ after it emerged that it has paid no corporation tax in this country for 14 of the past 15 years.