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What the Papers SayBack

The Financial Times

Diesel price below petrol for first time in 14 years (15/08)

FT Diesel price

HMRC faces bill of up to £43bn in ‘worst-estimate’ refund battle

Decades old disputes come to a head

Littlewoods, BAT and Prudential making claims

HM Revenue & Customs will be forced to pay tax refunds running into tens of billions of pounds if it fails to fed off defeat in some of its biggest court battles, its latest accounts show.

(This could undermine attempts to reduce the deficit and public borrowing)

Companies and Markets

Uber to beef up its security team as it seeks to put data safety back on course

Uber, the ride-hailing service provider, is to quadruple the size of its security team as it seeks to appease worries about data privacy, defend against hackers and even protect its offices and employees from physical attack.

BP fights to stem damage from Hurricane Ike natural gas ruling

Energy group says it did not try to profit from price distortions after the 2008 disaster

The Times

Tax concessions urged to help commuters go the extra mile

Workers should be given tax breaks to share cars as part of reforms to encourage more people to commute long distances, ministers have been told.

Double parking detective gets off

A retired policeman has had a £100 parking fine overturned after proving that he did not exceed the two hour time limit at Homebase in Winchester, Hampshire, but had driven to and from the store twice in three hours.

Oil states burn billions as global axis of power shifts

With Brent crude at $50 a barrel, energy giants are fighting to keep their place at top table.

Good times come to an end in America’s fracking boom town

(Falling oil prices are hitting towns that boomed when oil was $100 a barrel hard)


Oil woes add to members of 90% club

More than a tenth of the companies on the Alternative Investment Market are in the “90 per cent club”, having lost that proportion of their stock market worth since their peak, with much of the damage coming in the oil and gas and mining sectors.

The Guardian

New wave of female bikers claims the freedom of US highways

The macho culture of motorbike gangs has never seemed conducive to the empowerment of women, but a new generation of female bikers in the US is defying the stereotypes to claim the freedom of the roads.

Government’s £30m scheme to help small businesses criticised as a failure

A £30m government scheme to help small businesses pay for expert advice has been branded a flop after only a fraction of the cash was handed out.

Posted by Lois Hardy on 17/08/2015