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Military Stocks Rally After French Vow To Crush ISIS
Wall Street loves war, said many analyst who saw the rise in value for weapons companies …
Sinai Investigators To Investigate Black Box
A Russian Airbus that crashed into the Sinai mountains in Egypt en route from Russia to …
Eight British Soldiers Create “ISIS Hunting Club”
Eight British soldiers pose with shotguns in a photo as their group prepares to fight …
Law & Crime
Raising The Small Claims Courts Limit Seen As Patch Up By Law Society
Chancellor George Osborne plans to increase small claims courts limits from £1000 to £5000 to address soft tissue injuries from motor …
Pilots’ Response Cause Of AirAsia Jet Crash Killing 162 Passengers From Indonesia
An AirAsia Airbus A320-200 crashed because of the pilots disengaging the autopilot in stormy weather to fix a malfunctioning plane part. …
MSF Rejects Taliban Fighters Firing From Hospital Grounds.
A US airstrike had hit a hospital in the Afghan City of Kunduz, which killed 22 individuals including patients treated by the Medicines …
Lifestyle People and culture
Mis Sold PPI
PPI pays for your loan, mortgage or credit card in case you get sick, have an accident or become unemployed. However, if you had one of these problems before you purchased the insurance policy, you can begin claiming a PPI refund from your bank as soon as possible. The reason for the miss sold PPI
Bank of England Pushed Further to Vote for Rate Rise
A third of the interest rates BoE Governor Mark Carney pointed out can rise in the first three months of the next year. Economic analysts said that it could even rise sooner than expected because some of the nine members of the Bank of England’s Monetary Policy Committee may vote for a rate rise within
Scottish Independence Will Win It an A Rating from Moody’s
Credit Rating Agency Moody’s predicted that Scotland’s independence will place it below the UK’s Aa1 credit rating to an ‘A’. It predicted that Scotland will gain its own credit improvement over time as a result of probable economic improvements, especially now that it is set to improve its tourism. According to a Moody’s report, the
Banks Could Have Helped Avoid the Growth of PPI Claims Management Companies
In the United Kingdom, there are about 1,095 claims management companies that had profited at least £5 billion from the £13.3 billion compensation for consumers making a PPI refund claim. According to observers, banks could have avoided if they were the first to call on consumers with possible mis sold PPI. In 2011, the UK
The Real Reason for the Mis Sold PPI Crisis
After taxpayer-backed Lloyds announced an additional £750 million to their PPI refund total, HSBC and RBS had added £92 and £250 million respectively, increasing the total PPI bill to £17 billion. The most expensive financial scandal in history began ten to fifteen years ago. According to the Financial Ombudsman service, banks and lenders mis sold
Pakistan should increase its tax revenue to receive UK aid
A committee from the parliament on the United Kingdom aid was concerned about the taxes paid by the Pakistanis. It was reported that only 0.6 percent of the Pakistani population pay their taxes and that corruption was the main cause. The MP said that they will only increase the financial aid to Pakistan if they
Pay Cap for Public Sector Employees
The public sector employees will not be receiving a pay increase in April as announced by the government. The 1% cap on pay would be given to the nurses, doctors, members of the armed forces, and also hospital cleaners. Unions were not that happy about the news. The Treasury has accepted the recommendations on the
FSA fines Lloyds over PPI delays
The saga concerning mis-sold PPI may be drawing to a close next year (if talks to that effect are successful) but the story is by no means over. The latest twist in the tale involved Lloyds Banking Group (LBG) being fined £4.3 million for delays in PPI payments to claimants. An investigation by the Financial