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Brown creates new business department DBERR

Prime Minister Gordon Brown has created a new governmental department to deal with business enterprise and regulation.

The new Department for Business, Enterprise and Regulatory Reform will be headed up by John Hutton, former secretary of state for Work and Pensions.

Brown says: “The new department will be responsible for creating the conditions for business success, developing deeper and more effective engagement with business, with the ability to promote the competitiveness agenda across critical areas of government policy. It will provide support for the Business Council.

“It will also be responsible for promoting choice and quality for consumers through competition policy and for ensuring an improved quality of life for employees.

“A key priority for the department will be its cross-government role in promoting better regulation across the business, public and voluntary sector.”


Rubicon to offer Accelerator software on pay as you go basis

Rubicon Software Group is to trial its Accelerator business processing software with loan and mortgage brokers on a pay-as-you-go basis.The technology will be provided via a web browser, rather than needing to be installed in-house and can be paid for on a monthly basis rather than via a large up-front licence fee.This will give brokerages […]

Base rate rises hit B2L amateurs hard

First, one of my Mortgage Strategy columns is referred to in a House of Commons debate. Second, our masters in Europe finally agree with me about the Equitable Life pensions fiasco and that the Financial Services Authority’s role in it still needs to be investigated. Perhaps adequate compensation will now be paid to those policyholders who were left high and dry.

Advantage tops RAMP league

Advantage has taken top spot in a lender league table compiled by the Regulatory Association of Mortgage Packagers for May. John Rice, managing director of RAMP, says: “Never has a new lender had such a dramatic start with us. Advantage had a lot of support due to its excellent products.”

Study on lender IT to focus on instant offers

Instant offers using automated valuation models are what separates the best lenders from the rest, says Frank Eve Consulting as it launches its ann-ual benchmark study on lender intermediary technology.The sixth annual study, in association with the Council of Mortgage Len-ders, the Intermediary Mortgage Len- ders Association and Mortgage Strategy, will look at how lenders […]

Abe and Modi

India: Modi, reform and the oil price fall

Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?


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