NHS charging and rationing “may be needed”
BBC News Online, 4 July
More rationing of care and charging for services in the NHS need to be considered, as it faces at least a decade of austerity, according to the Institute for Fiscal Studies, which says the coming years will be the toughest since the early 1950s. Other measures, including tax rises, could also form part of the solution.
Barclays to hold internal review of its practices
City AM, 3 July
Barclays has promised to hold an independent audit of its practices following its record-breaking £290m fine for abuse of the Libor interest rate. Pledging that all findings will be published, Barclays said it would undertake a “root-and-branch review of all of the past practices that have been revealed as flawed since the credit crisis started”.
Vince Cable: “Investing in banks needs to be boring again”
The Daily Telegraph, 2 July
Shareholders have been urged by Vince Cable, secretary of state for business, innovation and skills, to play a more active role in boardroom pay and corporate governance reforms, and to look at the merits of appointing worker-directors.
Scottish public service reforms “require bigger audit role”
Public Finance, 2 July
Public service reforms will make governance issues a priority in audit and inspection, according to the chairman of Scotland’s Accounts Commission, John Baillie.
Pension schemes retain clout on corporate governance
Professional Pensions, 1 July
Pension funds still have “clout” in UK equity markets, despite holding a dwindling proportion of UK shares compared with foreign investors and institutional asset managers, according to the National Association of Pension Funds.