Twitter | Search | |
Andrew Verity
BBC economics correspondent. Should mean I'm corresponding with everyone: get in touch. Views mine: facts, everyone's.
3,415
Tweets
886
Following
6,526
Followers
Tweets
Andrew Verity retweeted
David Leigh Feb 22
Couple filmed being evicted on Channel 5 TV show win damages
Reply Retweet Like
Andrew Verity Feb 21
Replying to @Life_Disrupted
If that's true, a) I'm sorry to hear it and b) you're not the only one.
Reply Retweet Like
Andrew Verity retweeted
Paul Carlier Feb 21
Replying to @andyverity
Consistent with construction industry report that confirms majority of firms having to pay more to hire and retain staff as supply or cheaper EU labour declined following Brexit vote.
Reply Retweet Like
Andrew Verity Feb 21
Coming up on News at One in a few minutes: improvements in pay and productivity - but are they a blip or a trend?
Reply Retweet Like
Andrew Verity Feb 21
Productivity improved by 0.8 per cent in the last quarter of 2017, according to the latest "flash estimate" by the Office for National Statistics.
Reply Retweet Like
Andrew Verity Feb 21
"the growth in employment was most pronounced in higher-skilled occupations such as associate professional, professional and managerial occupations." (ONS)
Reply Retweet Like
Andrew Verity Feb 21
Even though unemployment rose, employment also rose - by 88,000. Unlike in 2016, that increase in the size of the workforce is now being driven by UK-born workers (ONS)
Reply Retweet Like
Andrew Verity Feb 21
The rate of unemployment has ticked up from 4.3% to 4.4% in the latest ONS figures. Pay rises were slightly better than expected - up 2.5% excluding bonuses.
Reply Retweet Like
Andrew Verity retweeted
Alison Loveday Feb 20
Just finished wake up to money interview - great that GRG is getting the national media attention it deserves
Reply Retweet Like
Andrew Verity retweeted
James Hurley Feb 20
And, so far, 72 per cent of customers who have received a decision from the GRG complaints process have been told they will not be offered a financial settlement. Perhaps Sir Callum McCarthy's warnings about GRG remediation in the s.166 foreword were on the money...
Reply Retweet Like
Andrew Verity retweeted
Clive Lewis Feb 20
I got called out the other week by snr execs for daring to challenge their version of reality as regards the s166 report into unit. Like I said then, let the public judge who was misleading who. Read the document in full here - it’s a litany of despicable behaviour
Reply Retweet Like
Andrew Verity Feb 20
2/2 Phase 2 would have determined the root causes of mistreatment and whether it was sanctioned by management - and whether there were other causes...Promontory were contracted to do this. Why did the FCA refuse to let them go ahead, instead taking it in house? see p. 309
Reply Retweet Like
Andrew Verity Feb 20
1/2 The s.166 report doesn't criticise individuals - though it does say who ran the Global Restructuring Group on page 47 - including Stephen Hester and Nathan Bostock (now Santander chief exec). RBS disagreed with its findings and decided not to move on to Phase 2...
Reply Retweet Like
Andrew Verity Feb 20
The bank points to findings that - on the basis of information available to it they did not find "widepread, systemic" in some areas - eg artificially distressing business to get them into GRG. Most were already distressed - though it doesn't say why.
Reply Retweet Like
Andrew Verity Feb 20
The key passages in the s.166 skilled person's report into GRG are in paragraph 1.6 and 1.7 of the executive summary page 12. "Management was aware..of an intentional, co-ordinated strategy...that was the underlying cause" of poor treatment
Reply Retweet Like
Andrew Verity Feb 20
The full, unredacted Section 166 report into mistreatment of business customers by RBS's GRG group is now published by the committee here:
Reply Retweet Like
Andrew Verity retweeted
Vince Cable Feb 19
. report, unexpurgated, published at last. Disgraceful mismanagement by covering up details of abusive treatment of and named senior management. CEO of has to go over his role in GRG. Now 4 years since I referred to FCA.
Reply Retweet Like
Andrew Verity retweeted
James Hurley Feb 19
Lawrence Tomlinson, the entrepreneur and former government adviser, reveals the inside story of his fight to expose the GRG scandal at RBS
Reply Retweet Like
Andrew Verity retweeted
Andrew Penman Feb 18
The well-meaning but banal “See it, say it, sort it” slogan was launched in Nov 2016 by rail minister and I must have heard it 1,000 times since then, torturing my every journey. In the name of sanity make it stop.
Reply Retweet Like
Andrew Verity Feb 17
I think the pictures are better in the original radio piece...I have the perfect face for it and so does Vince 😄
Reply Retweet Like