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Business Analysis & Features

What The Sunday Papers Said


Independent on Sunday: Workers for UK firm beaten by Dubai police

Human Rights Watch has accused managers at a construction business co-owned by Balfour Beatty of handing striking workers over to Dubai police, who beat, imprisoned and deported them. Balfour Beatty denied the claims, saying it acted in accordance with local law.

Sunday Times: Luxembourg tax loophole exploited by Amazon

Amazon has routed £11m worth of sales through Luxembourg, taking advantage of a legal tax strategy which means it was recently able to report £4.3bn sales in the UK, but only pay £4.2m in tax. It books UK sales via Luxembourg, which pays the UK a delivery fee.

Sunday Telegraph: Banks urged to compete more in lending to SMEs

The Treasury is expected to call on banks to increase competition in lending to small and medium-sized businesses later this week as it publishes a survey of SMEs by British Chambers of Commerce and the Federation of Small Businesses.

Mail on Sunday: Lenders to crack down further on mortgages

More banks are expected to bring in restrictions on mortgage lending ahead of possible moves by regulators to cool house prices. Last week Lloyds said buyers would be able to borrow only four times their salaries for loans above £500,000.