Public outcry as MPs’ set to get 11 percent pay rise

RADIO: MPs’ pay should be increased by nearly than £8,000 to £74,000 after 2015, the Commons expenses watchdog has said. The Independent Parliamentary Standards Authority (Ipsa) has proposed the changes today but has also recommended reducing MPs’ perks such as claiming dinners on expenses. However, several MPs are warning that the proposals will face a…

Russia chairs G20 business summit in London

RADIO: Business leaders from the G20 countries – called the B20 – met in London to discuss recommendations on how to tackle the Eurozone crisis and stimulate growth across different regions and industries. The meeting comes ahead of July’s G8 summit in Northern Ireland. Voice of Russia’s Nima Green reports. Top of the agenda was how to tackle the…

London: the millionaire magnet

RADIO: London is the city with the most multi-millionaires in the world, according to a new list of the mega-wealthy. Voice of Russia’s Nima Green reports on why London is such a big draw to those with cash to splash. The capital is home to 4,224 ‘ultra-high net worth’ residents, showing that despite Britain’s austerity measures, plenty…