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Labour: Government doing too little on existing abuse laws

Labour have welcomed reports that the Government is planning to criminalise emotional abuse.

But Shadow Home Secretary Yvette Cooper claimed the number of domestic violence cases being prosecuted under current laws was falling.

We have called for Theresa May to strengthen the law on domestic violence for some time, so I hope these suggested measures make a difference.

However, the government is still doing too little to enforce the present law, where the proportion of domestic violence cases reaching prosecution or conviction is falling, even though reported cases are going up. under Theresa May domestic violence courts and refuges are closing and specialist domestic violence police officers are being cut.

Unfortunately despite the measures being briefed today, under Theresa May the clock is being turned back on violence against women.

– Theresa May

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Labour: Govt decision on EU bank cap a 'climbdown'

Ed Balls said the decision not to challenge the EU cap was a 'humiliating climbdown'. Credit: Peter Byrne/PA Wire/Press Association Images

Shadow chancellor Ed Balls said the Chancellor's decision not to pursue a challenge to an EU cap on banker bonuses "is a humiliating climbdown".

Mr Balls also accused the Chancellor of trying to "sneak out" the decision under the cover of the Rochester and Strood by-election.

He added: "The Chancellor revealed his true priorities when he decided a year ago to spend taxpayers' money fighting a bank bonus cap while working families face a cost-of-living crisis. He should tell taxpayers how much money he has now wasted on this challenge, which we warned him against.

"Labour will reform the banks and levy a tax on bank bonuses to fund a paid starter job for young people out of work for over a year."

Osborne: EU bank challenge 'unlikely to succeed'

Chancellor George Osborne said the legal challenge was withdrawn because it was 'unlikely to succeed'. Credit: Philip Toscano/PA Wire/Press Association Images

Britain said it was withdrawing its legal challenge to a European Union limit on bankers' bonuses because it was "unlikely to succeed".

In a statement Chancellor George Osborne said: "I'm not going to spend taxpayers' money on a legal challenge now unlikely to succeed.

"These rules may be legal but they are entirely self-defeating, so we need to find another way to end rewards for failure in our banks."

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Cable: RBS computer systems 'decades out of date'

Business Secretary Vince Cable said the Royal Bank of Scotland's IT systems were "decades out of date" after the bank was fined £56 million for a computer failure that left customers unable to access their accounts.

This is another disastrous fine for RBS after a series of failures. RBS's priorities under Fred Goodwin meant that it neglected its IT systems, which in some cases are now decades out of date.

The new management is taking action by compensating people and investing in new IT which is right, but in many cases it's too little too late.

What matters now is that RBS can continue to overhaul its digital infrastructure to provide the modern services customers and businesses rightly expect.

– Vince Cable

RBS fined for 'failing to identify and manage IT risks'

The Financial Conduct Authority said it fined the Royal Bank of Scotland for failing put in place resilient IT systems.

Tracey McDermott, director of enforcement and financial crime at the FCA, said:

Modern banking depends on effective, reliable and resilient IT systems. The banks' failures meant millions of customers were unable to carry out the banking transactions which keep businesses and people's everyday lives moving.

The problems arose due to failures at many levels within the RBS Group to identify and manage the risks which can flow from disruptive IT incidents and the result was that RBS customers were left exposed to these risks.

– Tracey McDermott
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