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UK

Bangladesh’s stolen billions: Europe and UK must act

Bangladesh’s ex-leader Sheikh Hasina and her entourage had nearly two decades to feather their nests before they were driven out of the country in a popular revolution last summer. Bangladesh’s new government says that nearly $248 billion (€237bn) was stolen by her and her cronies. Businesses linked to Hasina’s Awami League took out huge loans from state-owned banks that were never repaid. That cash was funnelled out of Bangladesh using the Hundi money transfer system. An investigation by the Observer and Transparency I...

‘Better Regulation’ is progress towards EU reforms

We know that EU rules can all too often thwart firms’ best efforts to grow their business and to create new jobs. The UK has not been shy in pushing for the change that is long overdue and we have led the debate in Europe about reducing the burden on business. That’s why, as part of our long term economic plan, I set up a taskforce of British business leaders in 2013 to look at the kind of reforms that we need to sweep away poorly-understood and ineffective rules and do away with the creep of similarly pointless regulation in the future. CamronThat tas...
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