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Euro MP Urges Parliament to End Bankers' Discredited Bonus Culture The European Parliament in Strasbourg will this week vote on a crucial first reading deal on new laws to end the risk taking culture in banking that led to the global economic crisis. The deal negotiated by Vice Chair of the Economic and Monetary Affairs Committee, Euro MP Arlene McCarthy was reached in a series of talks between the European Parliament, Council and Commission. It will mean that new laws on bankers' bonuses will be implemented for the upcoming bonus season. Speaking in the debate in Strasbourg TODAY (Tuesday 6 July) Arlene McCarthy said: “We have a duty as legislators...
Euro MP secures crucial deal to end Bankers' Bonus Culture Vice Chair of the Economic and Monetary Affairs Committee, Euro MP Arlene McCarthy has secured a crucial first reading deal on new laws to end the risk taking culture in banking that led to the global economic crisis. The deal reached in a series of talks between the European Parliament, Council and Commission will mean that new laws on bankers' bonuses will be implemented for the upcoming bonus season. Arlene McCarthy said: "Two years on from the global financial crisis, these tough new rules on bonuses will transform the bonus culture and end incentives for excessive risk taking. A high-risk...
Mobile Phone Ruling Good News for Consumers Labour MEPs have welcomed a European court ruling that has today (Tuesday) rejected attempts by major mobile phone operators to challenge an EU cap on the cost of using mobile phones abroad. Arlene McCarthy, the Euro MP who steered the mobile roaming law through the European Parliament as Chair of the Consumer Protection Committee, said: "Today's judgement from the European Court of Justice shows we were right to act against excessive charges by mobile operators for using your phone in another EU country. “It is now time for the mobile operators to show that they have learned their lesson...
New EU rules to end rip off car repairs New rules adopted by the European Commission today will put the consumer in the driving seat, giving them more choice and better prices when getting their cars fixed. Local Euro MP and Consumer Champion Arlene McCarthy said: “For too long car manufacturers have locked consumers into anti-competitive warranty and servicing arrangements and held a cloak of secrecy over repair and maintenance by restricting access to vital information.” “These new rules will open up the market for repair and maintenance by improving access to technical information needed for the repairs, and making it easier to use alternative spare parts. Given...
Arlene says review of law required Responding to the tragic events in Cumbria yesterday, Local Euro MP and campaigner on European Gun Reform Arlene McCarthy said: “I am shocked and saddened for the families of the victims of this violent and senseless shooting. Police must now be given time to conduct a full investigation so that we can ensure the right lessons are learnt.” “I hope the investigation will establish the facts and in particular whether Derrick Bird had a history of mental illness and whether this was known when he was issued with a licence.” Arlene added: “A new EU law on the control...
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Labour MEPs have welcomed a European court ruling that has today (Tuesday) rejected attempts by major mobile phone operators to challenge an EU cap on the cost of using mobile phones abroad. Arlene McCarthy, the Euro MP who steered the mobile roaming law through the European Parliament as Chair of the Consumer Protection Committee, said: "Today's judgement from the European Court of Justice shows we were right to act against excessive charges by mobile operators for using your phone in another EU country. “It is now time for the mobile operators to show that they have learned their lesson...
New rules adopted by the European Commission today will put the consumer in the driving seat, giving them more choice and better prices when getting their cars fixed. Local Euro MP and Consumer Champion Arlene McCarthy said: “For too long car manufacturers have locked consumers into anti-competitive warranty and servicing arrangements and held a cloak of secrecy over repair and maintenance by restricting access to vital information.” “These new rules will open up the market for repair and maintenance by improving access to technical information needed for the repairs, and making it easier to use alternative spare parts. Given...
Responding to the tragic events in Cumbria yesterday, Local Euro MP and campaigner on European Gun Reform Arlene McCarthy said: “I am shocked and saddened for the families of the victims of this violent and senseless shooting. Police must now be given time to conduct a full investigation so that we can ensure the right lessons are learnt.” “I hope the investigation will establish the facts and in particular whether Derrick Bird had a history of mental illness and whether this was known when he was issued with a licence.” Arlene added: “A new EU law on the control...
