LEADING MPs on the Commons Treasury Committee vowed this weekend to turn up the political heat on an embattled private equity industry in the autumn, despite an inconclusive report today from the cross-party group on the controversial sector, The Times reports.
The eagerly awaited report on private equity from the committee emerges this morning as an interim and mainly factual analysis, and will be greeted with relief by the industry. However, it quickly emerged that the lack of any immediate, firm verdict on the sector is set to prove only a temporary reprieve for its rich bosses. OIL prices climbed to within a cent of a record close in New York on Friday, raising concerns about the effect of higher energy costs on inflation, according to The Independent. The surge is of particular concern as the threat of interest rate increases continue...
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