Independent on Sunday: Duke may be called as witness in property deal
The Duke of Westminister could be called as a witness in a multimillion-pound legal wrangle over a house he sold in London’s Eaton Square, in 2007. The house was sold on in 2010 for £20.5m, and the proceeds from that 2010 sale have been frozen by a court order. There is no suggestion of wrong-doing on the part of the Duke.
Sunday Times: RBS plans salary boost to dodge bonus cap
Royal Bank of Scotland is looking at increasing the base salary of some its top investment bankers as new EU rules limiting bonuses to one or two times annual wages come in next year. Talks are under way with the government body responsible for the taxpayers’ stake about the plans.
Sunday Telegraph: Bank promises to tackle any housing bubbles
The Bank of England’s deputy governor Andrew Bailey has said that regulators are keeping a close eye on the housing market and will clamp down on any signs that prices are spiralling out of control. There is no evidence of a housing bubble at the moment, he added.
Mail on Sunday: Price rise for National Grid delayed by Ofgem
Ofgem has put on hold plans to introduce new charges for using the National Grid that could have added £20 to household bills. The plans are being delayed by a year as the regulator considers “significant” new information in power firms’ responses to its consultation.