Richard Lambert News
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U.K. landlords would be fined thousands of pounds if they fail to check the visa status of their tenants to ensure they’re legally in the country, under planned legislation as the government tries to win back voters.
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Britain’s political leaders must ease the post-election deadlock by the end of the week to avoid unsettling investors, said Richard Lambert , head of the U.K.’s biggest business lobby.
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The U.K. economy is in a “fragile” state even though there are signs of improvement, said Richard Lambert, director-general of the Confederation of British Industry.
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A lengthy public inquiry into the behavior of U.K. banks in the wake of the “Barclays firestorm” would pose substantial risk “in this period of systemic fragility,” Richard Lambert wrote in the Financial Times.
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The U.K. must avoid over-taxing “highly-paid” executives or it risks losing investment to other countries, said the Confederation of British Industry’s outgoing director-general.
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The Bank of England is likely to keep its bond plan on hold for the next few months as inflation prevents officials from adding stimulus, Confederation of British Industry Director General Richard Lambert said.
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U.K. Chancellor of the Exchequer George Osborne needs to come back from the summer break with a new approach to deal with the continuing financial crisis, Richard Lambert wrote in the Financial Times.
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Vallares Plc, an investment vehicle that plans to invest in oil and gas assets, raised 1.3 billion pounds ($2 billion) in a share sale this month, about the same amount as was raised in the whole of last year by U.K. companies in new equity, net of buybacks and acquisitions, Richard Lambert wrote in the Financial Times.
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Richard Lambert won’t take up his place on the Bank of England’s Financial Policy Committee, which is scheduled to hold its first meeting in a month.
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U.K. Chancellor of the Exchequer George Osborne appointed former Federal Reserve Vice Chairman Donald Kohn to a Bank of England panel set up to help prevent a repeat of the financial crisis.
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