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BBC will have to open its books to the National Audit Office
Auditors to gain access to BBC books

By politics.co.uk staff The National Audit Office (NAO) is to gain full access to the accounts of the BBC for the first time, it emerged today. Following weeks of negotiations between the department for culture, media and sport and the BBC authorities, it will be announced at the Lib Dem conference today that the NAO… Read more »

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Lord Turner has argued that the focus on bonuses ignores larger structural problems
FSA chief: ‘We need to move beyond demonisation’

By Peter Wozniak Excessive bonuses were merely a symptom of “ill-designed” regulation which caused the economic crisis, the head of Britain’s financial watchdog has said. Lord Turner, chief of the Financial Services Authority (FSA), conceded that bad banking practices were a contributor to the crash, and argued executives could have done more to avert disaster…. Read more »