In the news this morning, the Care Quality Commission is warning that the care sector as a whole is at risk as figures show the number of care homes in England fell to 16,614 in summer from 18,068 in 2010. The National Audit Office says cancelling the Thames garden bridge project could cost taxpayers £22.5m. And analysis by the OBR shows the government missed out on hundreds of millions of pounds of revenue by pre-announcing stamp-duty changes.
CQC warns care sector at risk (The Guardian/FREE)
Care home closures are putting the quality of social care services at risk, according to a study by the Care Quality Commission.
Cancelling Thames garden bridge could cost £22.5m (FT/£)
Cancelling the Thames garden bridge project could cost taxpayers £22.5m, according to a report by the National Audit Office.
OBR warns on pensions effect (The Telegraph/FREE)
Analysis by the Office for Budget Responsibility warns that the removal of tax relief on the pensions of higher earners will cost the Exchequer £5bn a year, and that those affected will instead put money into property or tax-efficient investment.
Tenant farmers’ compensation claim to be heard (The Times/£)
Seven tenant farmers in Scotland are set for a court hearing next month as they seek compensation from the government for losing their homes.
Sainsbury’s targets department store feel (The Guardian/FREE)
Larger Sainsbury’s outlets will increasingly take on the appearance of department stores, chief executive Mike Coupe said as he unveiled the first store to feature both Argos and habitat concessions.
Ted Baker profit up 20% (The Guardian/FREE)
Ted Baker reported a 20% rise in earnings to £21.5m in the 28 weeks ended 13 August, while revenue rose by 14.4% to £259.5m.
Pure Gym calls off IPO (The Times/£)
Pure Gym has called off plans for an initial public offering, citing current market volatility.
US bank heads warn could start moving staff in 2017 (The Independent/FREE)
The heads of two US banks warned that employees could start being transferred out of London next year if it seems likely there will be a hard Brexit.
Germany’s OfficeFirst delays IPO (FT/£)
Germany’s IVG Immobilien is delaying a planned initial public offering of its OfficeFirst unit due to a significant deterioration in the market environment.
