Thousands of construction contractors face fines and a potential loss of business for failing to file their tax returns under a new HM Revenue and Customs scheme.
HMRC said that since the Construction Industry Scheme started in April, the number of firms filing monthly returns on time had declined, with only 75% of 166,000 returns expected for September actually received - The Daily Telegraph
Those who cope with the sardine-can conditions of the Northern Line, known to commuters as the "misery line", each morning can be excused from being stopped in their tracks by the news that London’s transport system has been voted the best in the world in a poll of world travellers by TripAdvisor – The Independent
Efforts are being made this week to prevent Britain’s first species extinction in the new Millennium – of a beetle that was discovered only two years ago – The Independent
Vast areas of Brazil and Paraguay and much of Bolivia are choking under thick layers of smoke as fires rage out of control in the Amazon rainforest, forcing the cancellation of flights – The Independent
Battersea Power Station has had its heritage status upgraded from a Grade II to a Grade II* listing. The Art Decor brick behemoth on the banks of the Thames in southwest London was part of the coal-fired electrical generating facilities set up as part of the national Grid – The Times
A Gloucester father admitted shooting himself in the chest with a nail gun so that he could gain criminal compensation by saying he had been attacked. David Russell, 38, claimed he was unable to work after being shot seven times in the chest by a gang – The Times
BAA, the airport operator, is so indebted that the Competition Commission will investigate whether the situation will become a threat to passengers and airlines – The Times
MPS last night called for the break-up of London's airport monopoly after it emerged that its Spanish owners are facing a dual threat to its profits that could could leave the company with a financial hole of £150M, affecting future investments. Ferrovial, the Spanish construction group that owns BAA, has been told by the Competition Commission it cannot charge as much as it says it needs to for airport improvements and the current credit crisis also means it cannot secure any more cheap loans to cover the cost of buying BAA - The Daily Telegraph.
British Land, the UK's second largest property company, became the latest victim of the credit crunch yesterday when it withdrew the sale of part of its £1.6bn shopping centre Meadowhall. The company, which began marketing the 75% stake in May, said it had pulled the sale because of "uncertainty in the financial markets" which had made it "unlikely" to achieve the desired price - The Daily Telegraph
The government's policy of handing over the clean-up of atomic power stations to the private sector was in crisis last night after the Nuclear Decommisioning Authority put on ice a £3.8bn plan to outsource the dismantling of five "Magnox South" plants, including Sizewell A and Dungeness A - The Guardian