#WeGotYourBack #WeGotItCovered #BreakingNews #UK #London #ExpressNews #BBC  #TVLicence  #LicenceEvaders

There are around 26 million UK premises with the £145.50-a-year licences making up almost 80 per cent of the corporation’s £4.8bn income.

Yet fewer evaders are being caught despite increasing numbers of home visits.

Of 3 million enforcement visits in 2015/16 just 298,000 evaders were caught – a fall of almost 20 per cent in five years.

The National Audit Office estimates the rate of TV licence fee dodging was between 6.2 per cent and 7.2 per cent at the end of 2015/16 meaning the corporation lost between £251 – £291 million.

In a stinging report, the NAO said the BBC’s aim to slash the evasion rate to 3.95 per cent by 2020 is “unlikely to be achieved.”

Every percentage point reduction in the evasion rate is worth around £40.5million in extra income.

Reducing it to below 4 per cent would boost the BBC’s coffers by at least £91million a year.

Amyas Morse, head of the NAO said: “The BBC has made progress against most of its main performance targets for collecting the licence fee, increasing revenue every year since 2010-11, and reducing collection costs by 25 per cent over the same period to £99.6 million.

“It has, however, had less success achieving its aim to reduce licence fee evasion.

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The Price Of Bitcoin Has Fallen More Than 10%, After Bitfinex Hack. £49M Worth Of Bitcoin Stolen

#WeGotYourBack #WeGotItCovered #BreakingNews #BBCNews #HongKong Economy #HongKongDigitalCurrencyExchange #BitfixenHack  #Bitcoin #49M

The price of bitcoin has fallen more than 10% after the Hong Kong-based digital currency exchange Bitfinex said it had suffered a major hack.

The security breach led to the possible theft of bitcoin worth $65m (£49m).

Bitfinex told the Reuters news agency on Wednesday that nearly 120,000 bitcoin were stolen from its exchange platform.

All transactions on the virtual exchange have been suspended while the security breach is investigated.

In a statement on its website, Bitfinex said that it was “deeply concerned about the issue and we are committing every resource to try to resolve it”.

The hack is one of the biggest thefts in bitcoin’s history and is being treated as a “major deal” by many in the virtual currency community.

“Unfortunately, we continue to have vulnerabilities in the form of exchanges and wallets,” former Singapore-based bitcoin broker David Moskowitz told the BBC.

“The vulnerabilities almost always occur on the exchange or wallet side and this is an area that continues to need improvement and more secure protocols, no different than when a bank gets robbed.”

Securing bitcoin trading platforms has been a key challenge, with hacking and thefts seen as the biggest threats.

In 2014, the Tokyo-based Mt Gox trading exchange declared bankruptcy when hundreds of millions of dollars in bitcoins vanished or were stolen.

But Mr Moskowitz stressed that in spite of the latest alleged theft “the core protocol is extremely robust and has not been hacked”.

He said while there would most likely be a price correction in bitcoin, he remained confident that it would continue to be an appealing alternative asset.



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Mr Cameron Will Travel To Brussels For His Last European Council Summit As Prime Minister.

#WeGotYourBack #WeGotItCovered #BreakingNews #ITVNews #UK #Brussels #Politics #DavidCameron #EuropeanCouncilSummit #EULeaders

David Cameron is to meet leaders of other EU states for the first time since the referendum vote for Brexit.

Government sources said that the PM would use the potentially awkward meeting to urge the other 27 leaders and EU institutions to take a “constructive” approach to negotiations over a new relationship with the UK.

But he will resist pressure for an early start to the two-year talks process, insisting that it is a matter for his successor as PM to decide when to issue formal notification of Britain’s intention to leave the EU under Article 50 of the Lisbon Treaty.

The new PM may not be in place until as late as September 2.
The new PM may not be in place until as late as September 2. Credit: PA

Despite calls for an “immediate” move to withdrawal negotiations from European Commission president Jean-Claude Juncker, the new PM may not be in place until as late as September 2.

Health Secretary Jeremy Hunt has suggested Britain could hold another vote on the leaving the EU.

Mr Cameron will attend a working dinner devoted to the consequences of the referendum vote, which has sent shockwaves through Europe’s political establishment and sent stock markets tumbling across the continent.

But he has not been invited to the second day of the summit, when the other 27 leaders will hold informal discussions on the stance the EU should take towards the UK’s demands.

Standard & Poor's downgraded the UK
Standard & Poor’s downgraded the UK Credit: PA

The summit comes a day after ratings agency Standard & Poor’s downgraded the UK by two notches from its top AAA grade to AA, warning that victory for Leave had led to “a less predictable, stable and effective policy framework”.

A Government source said Mr Cameron would use the meeting to “encourage people to think about how the UK and EU make the best of the decision of the British people”.

He will make the point that, until the withdrawal negotiations are complete, the UK remains a full member of the EU entitled to the full rights of membership.

After telling the House of Commons on Monday that it was vital for Britain to maintain the “strongest possible” economic links with the EU, Mr Cameron will tell fellow leaders that a good economic relationship is in the interests not only of the UK but of all the remaining member states.


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David Cameron: ‘ I Promise To “Steady The Ship” Over The Coming Months Before Stepping Down In October’

#WeGotYourBack #WeGotItCovered #BreakingNews #ITVNews #BBCNews #UK #Politics #DavidCameron #Resignation #BritexitVictory

Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union.

Youtube video: Published on Jun 24, 2016:  Brexit: David Cameron resigns as UK votes to leave BBC News

Speaking outside 10 Downing Street, he said he would attempt to “steady the ship” over the coming weeks and months but that “fresh leadership” was needed.

The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.

UKIP leader Nigel Farage hailed it as the UK’s “independence day”.

The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results.


“I do not think it would be right for me to be the captain that steers our country to its next destination,” he said in a statement outside Downing Street.

Mr Cameron, flanked by his wife Samantha, said the result was the “will of the British people” which was an “instruction which must be delivered”.

Close to tears and with his voice breaking, Mr Cameron said: “I love this country and I feel honoured to have served it and I will do everything I can in future to help this great country succeed.”


The referendum, called by Mr Cameron, delivered a shock victory for the Leave campaign.

The Brexit vote immediately sent the pound tumbling and sparked calls for his resignation.

Boris Johnson is the early favourite to replace Mr Cameron.

David Camerons full speach

Good morning everyone, the country has just taken part in a giant democratic exercise, perhaps the biggest in our history.

Over 33 million people from England, Scotland, Wales, Northern Ireland and Gibraltar have all had their say.

We should be proud of the fact that in these islands we trust the people for these big decisions.

We not only have a parliamentary democracy, but on questions about the arrangements for how we’ve governed there are times when it is right to ask the people themselves and that is what we have done.

The British people have voted to leave the European Union and their will must be respected.

I want to thank everyone who took part in the campaign on my side of the argument, including all those who put aside party differences to speak in what they believe was the national interest and let me congratulate all those who took part in the Leave campaign for the spirited and passionate case that they made.

The will of the British people is an instruction that must be delivered.

It was not a decision that was taken lightly, not least because so many things were said by so many different organisations about the significance of this decision.

So there can be no doubt about the result.

Across the world people have been watching the choice that Britain has made.

I would reassure those markets and investors that Britain’s economy is fundamentally strong and I would also reassure Britons living in European countries and European citizens living here there will be no immediate changes in your circumstances.

There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.

We must now prepare for a negotiation with the European Union.

This will need to involve the full engagement of the Scottish, Welsh and Northern Ireland governments to ensure that the interests of all parts of our United Kingdom are protected and advanced.

But above all this will require strong, determined and committed leadership.

I’m very proud and very honoured to have been Prime Minister of this country for six years.

I believe we’ve made great steps, with more people in work than ever before in our history, with reforms to welfare and education, increasing people’s life chances, building a bigger and stronger society, keeping our promises to the poorest people in the world and enabling those who love each other to get married whatever their sexuality, but above all restoring Britain’s economic strength.



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RBS Confirms Plans To Close 32 NatWest Brances Across The UK.

#WeGotYourBack #WeGotItCovered #BreakingNews #SkyNews #RBS #NatWestBank #ClosingBranches #JobCuts #TradeUnion

State-backed lender Royal Bank of Scotland is axing around 600 jobs as it shuts 32 branches of NatWest.

Trade union Unite said the banking group was to announce closures across its NatWest network in the North, the Midlands, east of England and London. In addition, hundreds of branches will change their opening hours, the union said.

RBS, which remains 73% owned by the taxpayer following its state rescue at the height of the financial crisis, confirmed that jobs were to go.

A NatWest spokesman said: “Where there are job cuts this is clearly difficult news for staff affected by these changes.

“We are doing everything we can to support them, including seeking redeployment opportunities wherever possible and ensuring that compulsory redundancies are kept to a minimum.”

Unite regional officer Lyn Turner said: “With job losses across the country and surviving branches on reduced hours, there’s no doubt this latest round of cuts will hurt the bank’s customers as well as our members.

“With every branch closure Natwest is slamming its doors on another community, dangerously undermining the bank’s long-term future.”

Unite said there would be 18 branch closures in the northern region with up to 217 job losses, plus 13 closures in the Midlands and East, with up to 176 jobs going, as well as 200 job losses in London and the South East, with one branch to close.

The latest cuts mean RBS has axed 1,500 roles so far this year as it looks to trim costs and stem losses.

In February, the lender reported its eighth year in a row of annual losses for 2015, posting a deficit of £2bn.

It is shutting branches as it cuts costs and adjusts to a change in customer behaviour as more people bank online.

NatWest said: “Banking has changed significantly over the last few years and the way our customers want to interact with us is also changing.

“We review our branch network regularly to make sure the services we provide are appropriate for each local community, based on our customers’ usage and other ways to bank in the local area.”

The job cuts come on the same day as outgoing Treasury permanent secretary Sir Nick MacPherson told a newspaper that the Government would have to make a judgment on whether to sell its £19bn stake at a loss.

He told the Financial Times it was “going to be tricky” for the state to sell the whole stake before the next election, but that keeping it in the public sector would be bad for the bank and returning it to private hands would boost lending to the economy.


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UNICEF Study Shows That UK Is Failing To Improve The Well-Being Of Children From Poor Backgrounds.

#WeGotYourBack #WeGotItCovered #BrakingNews #UK #SkyNews #ChildrenInBritain #Health #Education #Food #ChildPoverty #NationalLivingWage  #UNICEFUK

The Government is reprimanded for its record on helping disadvantaged children eat healthily, exercise and learn.

The UK is failing to improve the well-being of children from poor backgrounds, according to a damning study by UNICEF.

When it comes to healthy eating, the gap between rich and poor is so big that Britain came last.

The UK was also near the bottom on physical activity, while in education the UK ranked 25th out of 37 countries.

British children from disadvantaged backgrounds are now lagging behind Slovenia, Poland and Romania for their ability in reading, maths and science.

UNICEF UK’s Lily Caprani said: “We must be more ambitious for our children. Britain can and must do better.

“What really stands out for the UK is that children who are at the very bottom of the income distribution, so those with the most disadvantages, are doing particularly badly when it come to things like healthy eating, because we are really slipping behind other nations.

“Income inequality is very, very big and growing.

“For those children in the most disadvantaged households, if it wasn’t for things like tax credits to protect their incomes, we’d actually see the biggest levels of inequality in the entire industrialised world.”

Paul Gilling is a PE teacher at a primary school in Newham, East London, where a quarter of children receive free school meals.

He said the challenges there were typical of many poorer communities in the UK.

“The diet of the children is quite poor – high sugar foods, high fat foods, are easy to buy. The children come to PE overweight, or with high BMI index.

“Parents are worried about letting their children out to play by themselves, they are worried about stranger danger. Or they can’t participate in sport because they need to go and do religious studies after school, or their parents are working.”

Children’s groups said the Government needed to do more to address inequality for poor pupils in the UK.

Matthew Reed, chief executive of The Children’s Society, said: “It’s time we renewed the fight against child poverty in Britain and the Government could make a good start by abandoning its planned four-year benefits freeze, which will make life harder for millions of children.”

The Government said its policies were helping to lift children out of poverty.

A spokesman said: “We’re working to eliminate child poverty and improving life chances for children and there are now 300,000 fewer children in poverty.

“We know there’s more we can do and that’s why we’ve introduced the National Living Wage, which is increasing the incomes of the lowest paid.

“All infant pupils can now get free school meals – meaning 1.3 million more children get a nutritious free meal at lunchtime, saving families hundreds of pounds.”


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BREAKING NEWS: 11.5 Million Documents Leaked, Exposing The Hidden Wealth Of Some Of The World’s Most Prominent Leaders.

#WeGotYourBack #WeGotItCovered #BreakingNews #SkyNews #WorldLeaders #HiddenWealth #OffshoreAccounts #DocumentsLeaked #Presidnts #Politicians #Celebrities

The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities – including three former Tory MPs and six peers – has been revealed in a massive leak.

Millions of documents leaked to a number of media organisations across Europe apparently show the ways the rich and famous can exploit secretive offshore tax regimes.

It is reported that journalists from more than 80 countries have been reviewing 11.5 million files leaked from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm.

Pakistani Prime Minister Sharif looks on during a lecture on Sri Lanka-Pakistan Relations in Colombo

Nawaz Sharif, Pakistan’s PM, is named in the Panama Papers

Among the revelations is a network of secret deals and loans worth £2bn which apparently leads to Russian President Vladimir Putin.

According to The Guardian, one of the media organisations receiving the leaked documents – the so-called ‘Panama Papers’ – reveal:

:: Six members of the House of Lords, three former Conservative MPs and dozens of donors to UK political parties have had offshore assets.

:: A key member of FIFA’s powerful ethics committee, which is supposed to be spearheading reform at world football’s scandal-hit governing body, acted as a lawyer for individuals and companies recently charged with bribery and corruption.

:: Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.

Ukraine President Poroshenko gives a briefing at Nuclear Security Summit in Washington

Petro Poroshenko, president of Ukraine, is said to have a fortune offshore

:: Among national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.

:: The families of at least eight current and former members of China’s supreme ruling body, the politburo, have been found to have hidden wealth offshore.

:: Twenty-three individuals who have had sanctions imposed on them for supporting the regimes in North Korea, Zimbabwe, Russia, Iran and Syria have been clients of Panama-based Mossack Fonseca. Their companies were harboured by the Seychelles, the British Virgin Islands, Panama and other jurisdictions.

One leaked memo from a partner of Mossack Fonseca said: “Ninety-five per cent of our work coincidentally consists in selling vehicles to avoid taxes.”

Britain's Prime Minister Cameron and his Icelandic counterpart Gunnlaugsson attend the Northern Future Forum in Reykjavik

David Cameron, pictured with Iceland’s PM, has vowed to tackle tax secrecy


The company has denied any wrongdoing. It says it has acted beyond reproach for 40 years and that it has had robust due diligence procedures.

The document leak comes from the records of the firm, which was founded in 1977.

The information is near live, with the most recent records dating from December 2015.

Around 370 reporters from 100 media organisations have spent a year analysing and verifying the documents.

David Cameron has promised to “sweep away” tax secrecy – but his political opponents claim little has been done.

He is planning a summit of world leaders next month, which will focus on the conduct of tax havens.

The Prime Minister set out his line in 2011 when he said: “We need to shine a spotlight on who owns what and where the money is really flowing.”

Oxfam’s head of UK policy, Richard Pyle, said: “This leak highlights the key role that UK-linked tax havens like the British Virgin Islands play in allowing a privileged elite to dodge paying their fair share of tax.

“People in the world’s poorest countries pay the highest price for the billions of lost tax money when their governments are unable to fund life-saving healthcare such as midwives and vaccinations for children.

“The UK is in a unique position to help clean up the murky world of tax havens – starting by ensuring that the real beneficiaries of shell companies registered in the UK’s Crown dependencies and overseas territories, such as the British Virgin Islands, are revealed ahead of May’s Anti-Corruption Summit in London.”

Campaign group Global Witness said: “This investigation shows how secretly-owned companies, many of them based in the UK’s tax havens, can act as getaway cars for terrorists, dictators, money launderers and tax evaders all over the world.

“The time has clearly come to take away the keys, by requiring the collection and publication of information on who really owns and controls these companies.

“This would make it much harder to launder dirty money and leave the rest of us safer as a result.”


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