Connect with us

Published

on

The scandal-hit CBI, Britain’s biggest employers’ group, says it has passed fresh information to the police relating to a report of a “serious criminal offence”.

The body said it was “liaising closely” with officers as it remains mired by allegations of historic workplace misconduct.

The allegations culminated in director general Tony Danker being sacked earlier this month and three other current employees being suspended.

The CBI has made clear previously that Mr Danker was not the subject of the most serious allegations, including rape, that had been made to date.

Nevertheless, he hit out at the organisation’s handling of the affair in an interview earlier this week, claiming he had been made the “fall guy” for the CBI’s failings as an employer going back before his tenure.

While he admitted several instances of making colleagues feel “very uncomfortable”, he has denied any suggestion of wrongful physical contact and complained that his reputation has been wrongly trashed.

The CBI responded by saying the decision to dismiss him was made on strong legal advice and he was free to seek redress if he felt poorly treated.

Please use Chrome browser for a more accessible video player

11 April: CBI boss Tony Danker sacked

Mr Danker has been succeeded as director general by Rain Newton-Smith, the organisation’s former chief economist.

Sky News has reported how she was parachuted into the role after chairman Brian McBride told members he was unsure whether the lobby group could have avoided collapse if it had run a lengthy process to find a successor.

The total number of people being investigated by City of London Police is not known.

The Guardian reported earlier this month that it had been approached by more than a dozen women claiming they had been victims of sexual misconduct.

One alleged she had been raped at a staff party in 2019 but had not told the police.

The CBI did not disclose what alleged incident its action related to.

The statement read: “Late yesterday afternoon, the CBI was made aware of additional information relating to a report of a serious criminal offence.

Read more from business:
Tesla signals more price cuts ahead as demand for electric cars wanes
Capita admits customer, staff and supplier data may have been accessed by hackers

“We have passed that information immediately to the police, with whom we are liaising closely and who have asked us not to comment further on potentially criminal matters.

“Recognising the need for confidentiality, we urge anyone, including the media, who has further information in relation to any alleged offence to also report that to the police.”

The statement added that the law firm investigation it commissioned to examine several areas including its handling of the scandal would report back imminently.

“The board will be communicating its response to this and other steps we are taking to bring about the wider change that is needed early next week,” the statement concluded.

Continue Reading

Business

Post Office Horizon Scandal: Four suspects identified by police

Published

on

By

Post Office Horizon Scandal: Four suspects identified by police

Four suspects have so far been identified by police investigating possible criminal charges in the Post Office scandal, Sky News has learned. 

Sources have said that among the offences being considered are perverting the course of justice and perjury.

Hundreds of sub-postmasters were wrongly prosecuted for stealing from their branches between 1999 and 2015 after faulty Horizon software caused accounting errors.

Money latest: Trump policy ‘could wipe billions from UK economy’

The Metropolitan Police is a so-called core participant in the Post Office public inquiry and has been monitoring and assessing material submitted.

It is expected that the number of suspects being investigated by police could rise in the next six to 12 months.

More than a million documents are believed to be being sifted through and the number of police officers investigating the scandal has also risen from 80 to 100, with work across every single police force.

More from Money

It is not expected, however, that any charges will be brought before 2027/28, and that time frame could be extended.

A Sky News source said the number of suspects was seemingly “just a starting point”.

A meeting took place this weekend between more than 150 sub-postmasters, including Sir Alan Bates, and the Metropolitan Police.

Sir Alan said he had been told by officers that “it was going to take a few years” and that there are “no restrictions on how high investigations will take them”.

He also said the priority for sub-postmasters was financial redress and then, after that, victims will be “looking for people to be held to account”.

Read more from Sky News:
Energy bills forecast to rise again in January
Grangemouth oil refinery owners reject bid

A Metropolitan police spokesperson said: “Yesterday [17 November] we met with Alan Bates and some of the affected sub-postmasters to provide a brief on our progress and next steps.

“Our investigation team, comprising around 100 officers from forces across the UK, is now in place and we will be sharing further details in due course.

“Initially four suspects have been identified and we anticipate this number to grow as the investigation progresses.”

Continue Reading

Business

Energy bills to rise again from January but spring falls to come, research firm Cornwall Insight forecasts

Published

on

By

Energy bills to rise again from January but spring falls to come, research firm Cornwall Insight forecasts

Energy bills are to rise again next year, according to a respected forecaster.

Costs from January to March are projected to rise another 1% to £1,736 a year for the average user, according to research firm Cornwall Insight.

The energy price cap, which sets a limit on how much companies can charge per unit of electricity, is also expected to rise, costing typical households an extra £19 a year.

It’s a further increase after energy costs rose 10% from October.

After the latest hike, there were hopes of a fall in the new year, but volatile wholesale gas and electricity markets are still above historic average costs.

Money blog: Supermarket-own champagne beats expensive brands in taste test

Prices have gone up due to supply concerns arising from Russia‘s war in Ukraine, and maintenance of Norwegian gas infrastructure.

More on Cost Of Living

But spring is expected to herald a reduction as is October 2025, Cornwall Insight said.

Please use Chrome browser for a more accessible video player

‘Energy prices make me depressed’, pensioner Roy Roots said in August

Every three months energy regulator Ofgem revises the cap based on wholesale costs.

The official January price cap announcement will be made on Friday.

It comes as millions of pensioners lost their automatic winter fuel allowance payment after the government means-tested the benefit.

Meanwhile, Cornwall Insight’s principal consultant Dr Craig Lowrey warned “millions” of households won’t heat their homes to “recommended temperatures, risking serious health consequences” with bills on the rise.

“With it being widely accepted that high prices are here to stay, we need to see action,” he said, suggesting options like cheaper rates for low-income homes, benefit restructuring, or other targeted support for the vulnerable “must be seriously considered”.

The energy price cap system is being reviewed by Ofgem with possible changes to the standing charge coming over the next year.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

The long-lasting solution to high energy bills is the transition to UK-produced renewable power, the firm said.

“While there will be upfront costs, this shift is essential to building a sustainable and secure energy system for the future.”

Continue Reading

Business

Grangemouth oil refinery owners reject US-led approach as closure looms

Published

on

By

Grangemouth oil refinery owners reject US-led approach as closure looms

The owners of Scotland’s only oil refinery have rejected a US-led approach about a possible bid for it months before its scheduled closure.

Sky News has learnt that a consortium said to be led by Robert McKee, an American energy industry veteran, wrote to Petroineos, the owner of the Grangemouth site, to express an interest in buying it.

The approach, which is understood to have been made earlier this month, was rejected by Petroineos, which is 50%-owned by the petrochemicals empire founded by the Manchester United FC shareholder Sir Jim Ratcliffe.

The consortium is understood to comprise The Canal Group, which is reportedly developing a green energy refinery in Texas, and Trading Stack, a Middle East-based commodities trader.

Mr McKee spent nearly four decades with ConocoPhillips, one of the biggest energy companies in the US.

Sources close to the situation said that Petroineos had rebuffed the offer in order to concentrate on a publicly announced plan to transform the century-old plant into a finished fuels import terminal.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

They added that the nature of the consortium’s approach had raised questions about its access to financing and expertise in operating an asset of this kind.

More from Money

The Grangemouth refinery, which employs about 450 people, loses about £200m annually.

Its other shareholder is the state-backed Chinese energy giant PetroChina.

The site is due to close next year.

A person close to the consortium insisted that its financing was robust and said it would assess the feasibility of building a new refinery elsewhere in the area.

They added that the consortium had had “positive interactions” with trade union officials, and believed that there was scope to rapidly make Grangemouth’s refinery operations profitable.

On Monday, a spokesman for Petroineos said: “Since the Petroineos joint venture was formed 13 years ago, our shareholders have invested nearly £1bn in the refinery, only to absorb losses of £600m.

“Last week, the refinery lost £385,000 on average each day and we expect to lose more than £150m in total during the course of this year.

“We have not received any credible or viable bids for the refinery.”

A spokesman for the consortium declined to comment.

Continue Reading

Trending