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Sunday 23 September 2012

UK Financial News on 2012-09-23

Energy customers get switch right
Households with pre-payment meters who owe up to 500 to their energy supplier will be able to switch to cheaper deals with another firm under a move by regulator Ofgem......

Clegg 'to push on for wealth tax'
Nick Clegg insists the coalition will not make further spending cuts without the Tories agreeing to a wealth tax......

Portugal backs down on tax rise
The centre-right government in Portugal agrees to look for alternatives to a social security tax rise a week after huge street protests......

Deals boost Chinese-Afghan ties
China and Afghanistan sign a range of economic and security agreements after a surprise visit to Kabul from China's domestic security chief......

VIDEO: Stricter rules on energy firm fines
Gas and electricity companies will have to pay compensation directly to customers if they get bills wrong or mis-sell products, under new regulations......

VIDEO: Davey hails green growth potential
Energy Secretary Ed Davey has urged sceptics to embrace green energy reforms, which he suggests could "unlock billions in private investment for energy produced here in the UK"......

VIDEO: Could the Lib Dem wealth tax work?
Liberal Democrats are suggesting a wealth tax, following on from plans for a mansion tax and the tycoon tax......

VIDEO: Your Money: Cohabiting v marrying
In this week's Your Money, Susannah Streeter looks at the financial rights of cohabiting couples, finding the best deal when filling the tank and getting the most out of your smartphone deal......

VIDEO: Tax crackdown 'right step to take'
The chief secretary to the Treasury said boosting the "affluence unit" to look at the affairs of millionaire would repay the investment 15-fold and was a "fair and right step to take"......

VIDEO: Vocational training in the Gulf
Gulf states can't get young people to work in jobs in the private sector......

VIDEO: Germany's biofuel crop concerns
As food prices around the world continue to rise, German farmers are voicing increasing concern over the economic impact of growing crops for biofuel......

VIDEO: Some rural areas like 'fuel deserts'
Filling a vehicle at the petrol pump can be an expensive business, so it will be a surprise to many that a price war is going on......

Social entrepreneurship takes off in China
Social entrepreneurs tackle China's problems.....

Bridge to better growth for Bangladesh
Bangladesh seeks support for its largest infrastructure project.....

Hi-tech blanket to keep patients well covered
A blanket made of conductive fabrics and featuring more than 100 sensors linked to a computer could offer a more comfortable hospital experience for future patients, according to its Toronto-based creators. Ben Gruber reports......

Port project back on track
Sept. 22 - Massive development plans resume for a port in Myanmar. Julie Noce reports......

'Gentle giant' Paul Volcker has too little time left to fix the world
Paul Volcker sees the current era of economic and political turmoil as one of the most difficult periods in history.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23bb50ab/mf.gif' border='0'/><br/><b.....

Paul Volcker: ring-fencing banks is not enough
Ring fencing Britain's banks will not protect taxpayers in the event of another financial crisis, according to Paul Volcker, the former chairman of the Federal Reserve and the architect of the "Volcker Rule".<img width='1' height='1' src='http://t.....

Gypsy Weddings-maker Firecracker up for sale
The television production company behind Channel 4's Big Fat Gypsy Weddings has put itself up for sale for around 30m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23bb4ea8/mf.gif' border='0'/><br/><.....

Nuclear power subsidies 'could add 70 to annual household energy bills'
Subsidies for new nuclear power could add 70 to annual household energy bills, Ian Marchant, the chief executive of SSE warns.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23bb4eaa/mf.gif' border='0'/><br.....

Nuclear industry should focus on cost control rather than negotiating for the highest price
If you ask someone how expensive something is, such as a piece of art, you'll receive a lower estimate by asking whether it is worth more or less than 100 than you would if you ask the same question using 1,000.<img width='1' height='1' src='http:.....

Scotland could take on state bank debts
John Swinney, Scotland's finance minister, has claimed that an independent Scotland would be able to take on the state-backed liabilities of Royal Bank of Scotland and Lloyds Banking Group.<img width='1' height='1' src='http://telegraph.feedsporta.....

BAE and EADS urge deadline extension in merger process
BAE Systems and EADS are to ask for an extension to the October 10 deadline set by the Takeover Panel to agree merger terms because political differences are slowing progress to create a 38bn (30bn) European defence and aerospace giant.<img width=.....

JJB Sports raised 96.5m without telling investors of tax liability
Beleaguered retailer JJB Sports raised 96.5m from shareholders without informing them that accountants had uncovered a multi-million pound tax liability.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23bae69e/mf.....

UK economy: don't expect any green shoots just yet
According to former Prime Minister Sir John Major, you can detect the first green shoots of economic recovery. Can you?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23babd5b/mf.gif' border='0'/><br/>&l.....

Private equity looks at first steps of a 9bn AA -to-Saga break-up
AA-to-Saga owner Acromas has hired Ernst & Young as part of a potential 9bn break-up strategy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23bab4f1/mf.gif' border='0'/><br/><br/><a href=".....

Francois Hollande's 2013 budget is unlikely to secure France a place on eurozone's A-team sheet
Expect some late nights for Francois Hollande, as the French president prepares to present his 2013 budget on Wednesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23ba46bb/mf.gif' border='0'/><br/>&.....

World on track for record food prices 'within a year' due to US drought
Brace yourself for some painful "agflation". That is the shorthand for agricultural commodity inflation, otherwise known as rising food prices.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23ba4d9e/mf.gif' bord.....

Back Ben Bernanke's QE3 with a clothes peg on your nose
Monetarists from across the world can mostly agree on one thing. The US Federal Reserve caused the Great Recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23ba4d9f/mf.gif' border='0'/><br/><br.....

Week ahead in business and economics: September 24 - 28
Homeserve, the FTSE 250 home repair and insurance company, has endured a turbulent few months since admitting it was being investigated by the Financial Services authority over allegations of mis-selling.<img width='1' height='1' src='http://teleg.....

John Timpson: has the 'elf and safety' culture gone too far?
The management column: straight-talking, common sense from the front line.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b9b99d/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....

Apple wants $535m damages from Samsung
A furious patent battle between electronics giants Apple and Samsung is heading for the courts again after both sides took issue with the jury's verdict in a product infringement and compensation case in the US.<img width='1' height='1' src='http:.....

Kiddicare eyes growth as opens first stores
Kiddicare, the baby equipment retailer owned by Morrisons, is poised to double its business within a year as the company opens its first superstores.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b9710d/mf.gif.....

UK's deficit 'could be bigger than Greece's'
Britain could be heading for a bigger budget deficit next year than crisis-hit Greece and Spain, according to research by Morgan Stanley.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b96783/mf.gif' border='0'.....

Merkel and Hollande pledge to consult on EADS
France and Germany pledged on Saturday to consult closely on plans by Airbus parent EADS and Britain's BAE Systems to forge a new aerospace and defence giant, but announced no joint decisions on the $45 billion merger plan.<img width='1' height='1.....

'Switch and save' option for energy customers
Tens of thousands of struggling households who owe money to their energy supplier will be freed up to switch to cheaper deals as part of a raft of measures announced on Sunday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....

Festival of Business Network: HCL chief Vineet Nayar puts staff ahead of customers
HCL's boss Vineet Nayar has adopted a counter-intuitive plan to boost productivity.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b803e6/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Festival of Business Network: HCl chief Vineet Nayar puts staff ahead of customers
HCL's boss Vineet Nayar has adopted a counter-intuitive plan to boost productivity.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b700e5/mf.gif' border='0'/><br/><br/><a href="http://da.feeds.....

Think Tank: Government ad cuts threaten public services
When advertising's effectiveness zealots gather in London next month to garland the industry's latest - and most robust - demonstrations of payback, there will also be an elephant in the room.<img width='1' height='1' src='http://telegraph.feedspo.....

Crucial countdown for George Osborne's Plan A
Britain's coalition Government may disagree on many things but on one policy it is meant to be united - the need to deal with the country's debts.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b700e7/mf.gif' b.....

Emerging market investment: beyond the Brics
Don't make the mistake of thinking all emerging markets are the same - some have much brighter prospects than the 'Brics'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/23b6fbd4/mf.gif' border='0'/><br/>.....