UK says its local banking rules eased for all, not just Chinese
He was seen carrying a blond child, who might have been in pajamas and who was estimated to be 3 to 4 years old, around the time Madeleine disappeared, police had said. The sketches are based on descriptions from separate witnesses, investigators said. Since the program aired, British police said they have received more than 300 phoned tips and 170 e-mailed ones. “We will now take the time to follow up these lines of enquiry,” Redwood said. Police target 38 ‘people of interest’ in Madeleine McCann’s ’07 disappearance The latest revelation is critical in reconstructing what exactly happened more than six years ago on the night of May 3, 2007,when McCann disappeared from her family’s villa while her parents dined at a nearby restaurant. The girl was just days shy of her fourth birthday. Computer-generated sketch Computer-generated sketch Computer-generated sketch Neither her parents nor the detectives investigating her case have given up on one day finding the little girl from Leicestershire, England. “There may be an entirely innocent explanation of this man, but we need to establish who he is to assist with our inquiries,” Redwood said earlier. Additionally, investigators believe they have a better understanding of when Madeleine may have been abducted, Redwood added. “The timeline we have now established has given new significance to sightings and movements of people in and around Praia da Luz at the time of Madeleine’s disappearance.” John Walsh: Madeleine McCann could be alive Police announced in July that they have identified 38 “people of interest” in connection with the case. Twelve of them are UK nationals who police say they think were in Portugal at the time the girl went missing.
UK retail sales rise more than expected in September
Credit: Reuters/Toby Melville LONDON | Thu Oct 17, 2013 12:37pm BST LONDON (Reuters) – British retail sales rose faster than expected in September, supporting hopes that the economy recorded strong third-quarter growth. Retail sales volumes rose 0.6 percent on the month to show growth of 2.2 percent compared with a year earlier, the Office for National Statistics said on Thursday. Economists had expected a rise of 0.4 percent on the month and 2.1 percent on the year. Furniture sales provided the biggest boost for the increase in sales in September from August, likely linked to a recovery in the housing market. Rising house prices, record low mortgage rates and hopes of economic recovery have given consumer spending a boost and a hot summer helped prompt heavy spending in July before shoppers tightened their purse-strings in August. Food sales, which surged during July’s heatwave, fell for a second month in September. With inflation continuing to outstrip wage growth, economists have questioned whether the trend of rising consumption will be sustainable. Store price inflation eased to an annual 0.9 percent in September, the slowest pace since April and down from 1.6 percent in August. Retailers are generally still wary about the outlook for their businesses. In recent weeks store groups, including Tesco and Sainsbury’s, have highlighted how consumers’ disposable income is still falling. Data released on Wednesday showed average weekly earnings growth including bonuses slowed to 0.7 percent in the three months to August compared with a year earlier. Inflation in Britain in September stood at 2.7 percent. A survey from the British Retail Consortium showed retail sales recorded their second-weakest performance in September this year.
Africans; Russians; Iraqis; Asians and, even Middle Easterns rather than sending them back with ALL the monies to face justice in those countries. Look how useless Lichtenstein is playing games with Nigerias stolen funds held in their banks! Idiots and evil vampires that are beyond redemptionGod should destroy them real quick.Amin Tuzo Haba London Boy wich one be say na dem sabi. I no understand. Federal government should send British prisoners in Nigeria back to them too. Abi no Britico for Niger prison? Fairnes s & Justice I feel you well. Correct and true talk abiodun johnson Ha ha ha! UK intends to keep the rich prisoners in UK, and unload the petty prisoners on a struggling Nigerian economy to further collapse it. The government of Nigeria better reject this idea, you jail them, you keep them and feed them with your money, not Nigerias money, those crimes were not committed in Nigeria, why burden Nigerias economy with their imprisonment. akara Very well spoken.. But Lolxx.. They commited crimes in the UK and they want to have them jailed in Nigeria because each prisoner costs them 40,000pounds per year, what rubbish.
It marks a significant shift in policy, aimed at promoting free trade, and reverses the fragmentation of supervision seen since the financial crisis. “Earlier this week it was announced that the PRA will be prepared to see Chinese banks open branches here … it should be clear that this is not a special arrangement for China, rather it is part of a broader policy,” Bailey told a British Bankers’ Association conference on Thursday. Bailey said branches would only be allowed if the PRA had clear and credible assurances from the parents of banks and from their home regulator. “This is not a free for all,” he said. “Our stance is sensibly cautious, but not I think restrictive … And let me reiterate that it is a general policy, not a China policy, and it is consistent with promoting the benefits of an open world economy.” In the last five years Britain has required most overseas banks to set up their UK operations as subsidiaries rather than branches, thereby providing greater protection for depositors and taxpayers. Branches are treated as extensions of the overseas bank, leaving the British regulator with limited control over capital and liquidity. According to media reports Chinese banks have complained the rules made it hard to operate in Britain, prompting them to move much of their business to Luxembourg. But in announcing an easing of the rules Osborne was met with accusations that he was being softer on Chinese banks, and going against the trend of requiring tougher rules on capital adequacy and against money laundering. A senior UK lawmaker on Wednesday called on the PRA to show it had not been put under pressure by the government.