Figure show that exports from the UK to non-European countries were up sharply in June. The Office for National Statistics, however, has said that the official figures might have to be revised if it is found that they are inflated to VAT fraud.
As reported, official data shows a rise of 15 percent […]

The UK’s Environmental Agency, which currently regulates chemical companies, power plants, and waste disposal companies, has said that it is considering prosecuting retailers if the businesses which supply them produce illegal waste.
In a report published Thursday, the agency said that it is prepared to prosecute even businesses it does not directly regulate and […]

The Office of Fair Trading has warned credit card companies in the UK that they must cut their penalty charges to customers who pay their bills late or they may face penalties themselves.
The OFT has written letters to eight unnamed banks that cover the majority of the credit card market in the UK, […]

In the UK on Tuesday, the Department of Trade and Industry continued to pursue its plan to limit the liability of auditing firms from lawsuits when audits they carry out do not prevent the collapse of companies. Legislation on the matter will go before Parliament in the autumn.
The goal in limiting liability when lawsuits […]

Chief City regulator, the Financial Services Authority (FSA), had its credibility questioned as an appeal by Legal & General over £1.1m fine imposed by the FSA was overturned.
Although the tribunal agreed that Legal & General’s selling policy was “defective” at the time, and had not provided sufficient detail of risks to customers, it also noted […]