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Cameron planning a second coalition with Lib Dems
The PM is known to be in talks with Cabinet ministers for planning a second coalition with the Liberal Democrats. Plans include Backbench Tories getting a say in deciding the new power-sharing agreement.
Ecclestone denies bribing jailed German banker Gerhard Gribkowsky in F1 sale
Bernie Ecclestone and his offshore Bambino family trust are accused of paying a $44m bribe to Gerhard Gribkowsky, the ex-chief risk officer of German bank BayernLB, which owned a 47.2% stake in F1. Ecclestone denies the claim and says that the banker threatened to tell HMRC that he controlled the trust if the $44m was not paid.
HS2 lashes out at claims that costs could top £80bn
HS2 Limited poured scorn on the Institute of Economic Affairs’ claims that cost of building the new railway line could top £80bn. A spokeperson told the City AM that the first phase from London to Birmingham can be built within the target of £17.1bn by 2016.
House of Fraser mulls London listing
The high end retailer wants to resolve its complex ownership structure by returning to the stock market. Currently, 49% is owned by Icelandic banks and chairman Don McCarthy’s family owns 20%. Other shareholders including Scottish tycoon Tom Hunter and Lloyds Banking Group,