Barclays pushes for industry task force (FT)
Barclays and the British Bankers’ Association are pushing for the creation of a task force on banking standards, led by the chief executives of the big four UK banks.
Bermuda deals blow to Cameron’s hopes for tax evasion deal (FT)
Bermuda will not commit to a convention on fighting tax evasion ahead of next week’s summit of the Group of Eight leading economies, in a blow to David Cameron’s hopes of securing agreement from all Britain’s offshore centres in the run-up to the meeting in Northern Ireland.
Network Rail told by regulator to cut costs by £2bn (BBC)
Network Rail has been told by the rail regulator that it must find savings of £2bn over the next five years at the same time as improving punctuality.
Ofgem set to 'break stranglehold' in the energy market (BBC)
The energy regulator Ofgem has set out plans to "break the stranglehold of the big six energy suppliers".
Pensioners and working mothers push UK employment to record high (Telegraph)
Pensioners working into retirement pushed UK employment to a record high between February and April, as the number of employed over-65s rose above one million for the first time.