Saturday, November 27

Day: March 17, 2016

How I bought my own home in London while still in my 20s and you can too
ENGLISH, Life Style

How I bought my own home in London while still in my 20s and you can too

    Sometimes, however much you save for a deposit, house prices seem to leap out of your reach. But while buying a property is not easy, you may be able to escape the rental trap through a halfway house - shared ownership. In a shared ownership scheme, you buy a chunk of the property from a housing association, and pay rent on the rest. Over time, you can build up more of a stake in your home. We spoke to Alix Kelly, 24, who just bought one-bed home in east London. This is her experience. When I got the keys I cried When I first moved to London, I lived with my brother. But that had a time limit. Then I rented with a friend in Plaistow, east London. Renting is fine, but you’re lucky if you have a good landlord. I also wanted my own space, and control over my money. I wanted t...
Budget 2016: George Osborne’s giveaways mask £56bn black hole
ENGLISH, United Kingdom

Budget 2016: George Osborne’s giveaways mask £56bn black hole

    George Osborne’s attempt to woo voters ahead of Britain’s EU referendum has come under immediate and intense scrutiny after he used a range of accounting devices to disguise a looming £56bn black hole in the government’s finances and deliver a promised surplus by the end of the decade. Despite being faced with a markedly weaker outlook for the economy, the chancellor announced a range of eye-catching measures on Wednesday including a levy on sugary drinks, lower income tax bills, a cut in corporation tax and help for small businesses, in a budget he said would put the next generation first. But Osborne’s plans were greeted with a degree of scepticism by the Office for Budget Responsibility (OBR) the body he created in 2010 to provide independent forecasts for the economy a...
Philippine senator sees very low chance of recovery of $81m stolen from BB
Asia, ENGLISH

Philippine senator sees very low chance of recovery of $81m stolen from BB

    There is a very low chance that the government will be able to retrieve the $81 million stolen from the Bangladesh central bank because the money is now likely outside the country, Senator Sergio Osmeña III said Wednesday. Still, Osmeña said tracking the money from Bangladesh Bank would depend on the cooperation of casinos at the resumption today of the Senate inquiry into the money-laundering scheme. The stolen money found its way into casinos after being withdrawn from a branch of Rizal Commercial Banking Corporation (RCBC) in Makati City. Senator Teofisto Guingona III, chair of the Senate blue ribbon committee, said it would be very difficult to retrieve the money “given that it has entered the blackhole.” At the resumption of its hearing today, the Senate blue ribbon c...
Malaysia recruitment freeze won’t affect deal with Bangladesh
Asia, ENGLISH

Malaysia recruitment freeze won’t affect deal with Bangladesh

    The decision to halt the recruitment of new foreign workers will not affect the validity of an agreement signed with Bangladesh for taking 1.5 million workers, says Malaysia Human Resources Minister Richard Riot. Malaysia’s decision to halt the recruitment of new foreign workers will not affect the validity of an agreement signed with Bangladesh for taking 1.5 million workers. This is because the Memorandum of Understanding (MoU) was for a period of five years, said Human Resources Minister Richard Riot. “The agreement will remain valid when the freeze is lifted. We have signed agreements for intake of foreign labour not only with Bangladesh but with seven countries. “The freeze does not make the agreements null and void,” he told The Star when met at Parliament lobby yest...
As Scotland Yard could not find fraud allegations against Tower Hamlets electoral after completed Assessment
ENGLISH, London

As Scotland Yard could not find fraud allegations against Tower Hamlets electoral after completed Assessment

      Scotland Yard rules out criminal charges over Tower Hamlets electoral fraud allegations. Scotland Yard has ruled out bringing criminal charges over a series of allegations of electoral fraud in Tower Hamlets. The announcement comes nearly 12 months after disgraced former mayor Lutfur Rahman was thrown out of office, after a High Court judge ruled he was fraudulently elected. The Met had launched an investigation into allegations contained in a 200-page report which was published by the High Court after the hearing last April. But police today said that no prosecution will be mounted as a result of the claims in the dossier. In a statement, Scotland Yard said: After full consultation with the Crown Prosecution Service a decision has been made that there is insuffici...