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Nature is not a blocker to housing growth, MPs find
Posted onPritti Mistry,Business reporter and Marc Ashdown,Business correspondent Getty Images Nature is not a blocker to housing growth and the government risks missing both its housing and nature targets if it views it as one, a cross-party group of MPs has warned in a new report. The Planning and Infrastructure Bill overrides existing habitat protections, which…
Judge blocks probe of Federal Reserve in victory for bank
Posted on“This process has been arbitrarily undermined by an activist judge,” Pirro said at a fiery press conference responding to the decision, which quashed subpoenas – orders to compel someone to give testimony – from her office seeking information from the bank about cost overruns at renovations of its offices.
TikTok: App’s child data protection inadequate, Canada probe finds
Posted onTikTok’s efforts to stop children using the app and protect their personal data have been inadequate, a Canadian investigation has found. Hundreds of thousands of children in the country use TikTok each year despite the firm saying it is not intended for people under the age of 13, according to the findings. The investigation also…
Chancellor hints at tax and spend shift to cushion Budget
Posted onThe chancellor has given the clearest indication yet that she wants to give herself more financial breathing space in November’s Budget. Speaking at a gathering of business leaders in Saudi Arabia, Rachel Reeves said she wanted to ensure the UK had “sufficient headroom” to provide resilience against future shocks. The implication is that the £9.9bn…
Nationwide fined £44m for inadequate crime controls
Posted onNationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
