Three estate agents based in London, Northamptonshire and Cardiff have been fined a total of £246,665 by the OFT, for failing to comply with the Money Laundering Regulations 2007.
The Regulations are designed to prevent businesses from being used for money laundering or terrorist financing purposes and require regulated businesses to, for example, apply risk sensitive policies and procedures on the verification of customer identity, record keeping, training staff and reporting suspicious activity to the National Crime Agency. Continue reading →
The latest annual Which? energy company survey exposes a market that is falling short of its customers’ needs, as consumer satisfaction plummets and the biggest companies yet again fare worse than the smaller suppliers.
New Which? research reveals that the overall customer score for energy companies serving Great Britain has dropped from 49% last year to a new low of just 41%. Continue reading →
The independent review of upland evidence is being carried out in two parts and was launched last month with a request for contributions around three initial topic areas. The first phase will draw to a close on 20 July and the independent experts will begin to carefully consider the evidence in relation to each of the questions set out in the scoping document: (341kb).
Natural England is now inviting submissions of evidence for the second phase of the study which will cover:
- Determining environmentally sustainable stocking regimes on moorland
- Assessing the feasibility of restoring degraded blanket bog
Councils and the property industry are working together to form ambitious partnerships that can support growth and create jobs. Together they have identified a number of ways in which government could help to get even more development schemes off the ground.
The key measures being called for are:
* Make it easier to pool public sector capital funding in a broad local area to allow for more coordinated infrastructure development;
* Allow councils to quickly bring forward and implement Tax Increment Financing powers to fund growth creating infrastructure (TIF allows the cost of building infrastructure to be Continue reading →
Wendy Evans-Scott, President of the National Association of Estate Agents, said: "These figures are disappointing, but unsurprising. Anyone who works in the property industry will testify that the gender balance has only recently started to change.
"Women obviously make up a big part of our customer base and most likely women are the ultimate decision-makers when it comes to purchasing a home. There is a lot to be said for having a balanced agency in terms of male and female agents and many organisations are waking up to this fact. Others still have a long way to go.
Liz Peace, chief executive of the BPF, said: "The property industry makes up a major part of the UK economy in its own right, as well as providing a platform for virtually all of the country’s other major industries.
"The sector also provides places for people to live and employs over 800,000 people across the country and is consequently fundamental to the social and economic health of the country."
Howard Morgan, founder and managing director of RealService, said: "The property industry isn’t directly to blame for Britain’s economic and social malaise but equally it can’t just shrug it off as somebody else’s problem Continue reading →
Mr Hunt believes the park, which was delivered on time and on budget, can be a blueprint for delivering large scale construction projects and that sharing its lessons will help British businesses win more lucrative contracts around the world.
“We need to ensure that the companies who built the Olympic Park, and others, learn from the experience of 2012, exploit the global spotlight and go on to bigger and better things in the future,” Mr Hunt said. “I hope that Sir John’s report will pave the way for British businesses after 2012 and help secure a long term economic legacy for UK Continue reading →