You are here

PM to stop private sector 'pension abuse'

The government will stop workers’ pensions being put at risk from “executives who try to line their own pockets”, the prime minister has said. In the Observer, Theresa May said a government white paper would set out “tough new rules” for company bosses. It comes as construction firm Carillion’s collapse could leave a pension scheme deficit of £900m, potentially affecting 27,500 workers. She also defended using the private sector to complete public projects. In her comment piece, Mrs May was quick to say that it would be Carillion shareholders, not…

Read More

Taxpayers owe private firms £199bn for PFI deals

Taxpayers still owe private contractors £199bn for deals signed under the Private Finance Initiative (PFI), a spending watchdog says. The National Audit Office (NAO) found 716 public projects were active under PFI and its successor PF2, with annual costs amounting to £10.3bn in 2016/17. This was despite a lack of evidence to show they offered better value than public procurement, it said. The government said both PFI and PF2 improved public services. The report was written before the collapse of Carillion, which held numerous public contracts, including those under PFI,…

Read More

Private Sydney: Mehajer offering far from Salim pickings for neighbours

 Given what his neighbours in Lidcombe went through, the silvertails of Vaucluse have barely scratched the surface when it comes to living next door to Salim Mehajer. But that appears to be changing, and rapidly so. Mehajer’s swish rental digs overlook Diamond Bay off Sydney’s swanky Vaucluse clifftops, a view he now shares with his new in-laws, John Ibrahim and his troubled baby brother Fadi, currently under house arrest after paying a $ 2 million bail over charges he funded an international crime syndicate. Play VideoDon’t Play Up Next More…

Read More

Inside Serena Williams and Alexis Ohanian’s private Bahamas Island honeymoon

Serena Williams and Alexis Ohanian’s elaborate wedding weekend at the Contemporary Art Museum in New Orleans included aBeauty and the Beast theme, customised carousel and an A-lister roster of guest including Beyonce, Kim Kardashian and Eva Longoria. So it’s no surprise that they’ve kept the lavish celebrations going, with the pair jetting off to the private Bahamas island of Kamalame Cay. Believe us, it’s what dreams are made of. With their two-month old daughter Alexis Olympia in tow, tennis champion Williams posted on Instagram that she shared a week with the Reddit co-founder at a secluded…

Read More

Victoria Beckham Raises $40 Million in Private Equity Investment

LONDON — Victoria Beckham (the luxury empire, not the woman) is about to get a whole lot bigger. After years of speculation that her fast-growing namesake fashion brand was a prime takeover target, it was announced on Monday that Ms. Beckham had received £30 million, or almost $ 40 million, from the private equity firm Neo Investment Partners in exchange for an undisclosed stake in the business. Ms. Beckham, who founded her line in 2008 alongside her husband David Beckham and the former Spice Girls manager Simon Fuller, said that…

Read More

Private Sydney: Is the sun setting for Kochie on the Sunrise couch?

Is the sun about to set on Sunrise’s veteran co-host David Koch’s time on the all-important breakfast television throne? It’s a question being asked around the corridors of Channel Seven, with the 62-year-old and his agent, Sean Anderson, deep in negotiations with Seven bosses for a new contract, said to be worth up to $ 1 million. Play VideoDon’t Play Up Next Private Sydney: The Escort and the TV presenter Play VideoDon’t Play Video duration 02:05 More Entertainment News Videos Previous slideNext slide Entertainment news highlights Mad Max director George Miller…

Read More
Scroll Up