Headline:
Description:
Charities miss accounts deadline
More than one in ten of the UK's biggest charities are failing to file their accounts on time, new research reveals. The Charity Commission report said 11 of the 100 top charities failed to file accounts by the appropriate deadlines last year leaving them in breach of charity law. The study also showed that a quarter of all charities missed the statutory ten-month deadline in 2005 leaving over £6 billion of charitable funds unaccounted for. More soon.
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OFT 'ready to see suppliers go bust'
The Office of Fair Trading (OFT) would be prepared to see small grocery suppliers put out of business by big supermarket chains if the savings made were passed on to consumers. OFT chief executive John Fingleton made the admission in an interview with Mail on Sunday in which he said he did not believe that the the voluntary code of conduct, which governs supplier complaints against supermarkets, should be rigorously policed saying it was the OFT's duty to protect consumers. "Suppliers might like to keep prices higher but the market should be led by what consumers want - not by bureaucratic decision-making," he said. "It would be ridiculous to keep prices artificially high to placate suppliers. There are always winners and losers. If one company goes out of business, there will soon be another to take its place. Even if everyone goes bust and business shifts abroad, those trucks importing goods to our supermarket chains will need to be filled up in the other direction." Fingleton's comments follow last week's decision by the OFT to refer the £95 billion UK grocery market for investigation by the Competition Commission.
More than one in ten of the UK's biggest charities are failing to file their accounts on time, new research reveals. The Charity Commission report said 11 of the 100 top charities failed to file accounts by the appropriate deadlines last year leaving them in breach of charity law. The study also showed that a quarter of all charities missed the statutory ten-month deadline in 2005 leaving over £6 billion of charitable funds unaccounted for. More soon.
* * *
OFT 'ready to see suppliers go bust'
The Office of Fair Trading (OFT) would be prepared to see small grocery suppliers put out of business by big supermarket chains if the savings made were passed on to consumers. OFT chief executive John Fingleton made the admission in an interview with Mail on Sunday in which he said he did not believe that the the voluntary code of conduct, which governs supplier complaints against supermarkets, should be rigorously policed saying it was the OFT's duty to protect consumers. "Suppliers might like to keep prices higher but the market should be led by what consumers want - not by bureaucratic decision-making," he said. "It would be ridiculous to keep prices artificially high to placate suppliers. There are always winners and losers. If one company goes out of business, there will soon be another to take its place. Even if everyone goes bust and business shifts abroad, those trucks importing goods to our supermarket chains will need to be filled up in the other direction." Fingleton's comments follow last week's decision by the OFT to refer the £95 billion UK grocery market for investigation by the Competition Commission.
Date:
15.05.2006
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