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The Reporting on Payment Practices and Performance Regulations 2017 came into force on 6 April 2017. [3] Under the rules introduced in April 2017, all large UK companies are required to publish specific information regarding their payment policies, practices and performance — including the average time taken to pay supplier invoices — twice ...
The Financial Services Compensation Scheme (FSCS) is the UK's statutory compensation scheme for customers of UK authorised financial services firms. This means it can step in to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. Compensation can be in any form and by any method it determines is appropriate. [1]
The Post Office agreed to pay £300,000 in costs for the failed recusal application. The Post Office's own costs of the recusal application were over £212,000, which including £34,165 for solicitors and £174,815 for counsel.
A Royal Mail spokesman said: “The CWU can be in no doubt of the impact its reckless pursuit of 19 days of industrial action has on our weakened financial position and the job security of its ...
Although compensation payments seem to have been deducted from profits for tax purposes, they appear to have been ignored when calculating executive pay. In year ending 2022 the CEO was paid a salary of £436,000 and a bonus of £137,000. [ 36 ]
The group took the Post Office to court and, following two favourable judgments in Bates & Others v Post Office Ltd, accepted a settlement of £57.75 million, which left the 555 claimants with little money after legal fees were paid. Bates has continued to campaign for fair compensation for subpostmasters.
The royal family's "salaries" had last made headlines in November 2019, following unconfirmed reports that Prince Andrew, Queen Elizabeth's second-youngest son, would forgo his annual payment of ...
The dispute centred on 'modernisation plans' which Royal Mail said were required to remain competitive, however the CWU believed that these might have led to around 40,000 job losses. [1] Additionally there were disputes surrounding flexible working hours, pay rises and pensions.
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