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Ratified NewsLord Levene calls on Chancellor to delay new CGT rateLord Levene of Portsoken brushed aside opposition to his proposed third term as chairman of Lloyd’s of London yesterday as the Treasury launched a consultation on a fundamental overhaul of the world’s oldest insurance market.<br/> <br/> Lord Levene also added his voice to protests over Alistair Darling’s proposed reforms to the capital gains tax (CGT) regime and a clampdown on wealthy nondomiciled foreigners.<br/> <br/> With four days to go before Mr Darling’s Budget, Lord Levene called on him to delay introduction of a flat 18 per cent rate of CGT and a £30,000 levy on “nondoms” and consider the consequences.<br/> <br/> Lord Levene is also chairman of IFSL, the former British Invisibles, which promotes the international activities of UK-based financial institutions. “I hear many voices raised with considerable concern about both [CGT and nondom] issues,” the Lloyd’s chief said.<br/> <br/> “The proposals were perhaps put together rather hurriedly. The City of London is a major financial centre. If we are going to do anything that makes it less attractive then we need to consult on it and tell people why we are doing it. My feeling is that it’s worth taking a bit more time,” Lord Levene said.<br/> <br/> He was speaking as the Treasury launched a 12-week consultation exercise on a wide-ranging set of reforms to the Lloyd’s Act, which has not been updated since 1982.<br/> <br/> A joint proposal published yesterday by the Treasury detailed plans, including relaxing the selection process for chairman and deputy chairman, scrapping the obligation of the Governor of the Bank of England to approve appointments to the Lloyd’s Council, and dropping a ban on underwriters buying brokers.<br/> <br/> The act was outmoded and had been drawn up when Lloyd’s was “a very different animal” and before regulators - including the Financial Services Authority – existed.<br/> <br/> He said Lloyd’s had consulted widely on the proposals and had already made compromises. He said the only serious concerns were over business arrangements for brokers and rules governing acquisitions and asset sales. He dismissed concerns in small pockets of Lloyd’s about his decision to stand again as chairman. It is understood there is limited opposition to both market reforms generally and Lord Levene.<br/> <br/> “I have yet to find anybody, nor have any of my colleagues, that are opposed [to my reelection],” he said.<br/> <br/> Lord Levene’s appointment will have to be ratified by Lloyd’s 18-member council. The proposed reforms to the Lloyd’s Act will have to go before both Houses of Parliament.Read Full Article Writers Ratify ContractMembers of two writers? unions ratified a three-year contract with Hollywood’s movie and television production companies.Read Full Article World Briefing | Americas: Mexico: Laws to Rein In Negative Campaigns GainConstitutional amendments that would limit negative campaigns and profoundly change the rules for Mexican elections were assured of passage late Thursday when a majority of state legislatures ratified them.Read Full Article $1bn handout flows to OpelAlmost $1 billion in subsidies will begin flowing to Optus and Elders this week after the Federal Government ratified a rural broadband deal with the companies.Read Full Article External News for: ratifiedNUMMI workers ratify severance agreement - San Francisco Business TimesBoston GlobeNUMMI workers ratify severance agreementSan Francisco Business TimesUnion workers have ratified an a severance package agreement with the New United Motor Manufacturing Inc., which will stop producing cars on April 1. ...NUMMI workers ratify severance dealUPI.comNUMMI Workers Ratify Plant Closing PackageAFL-CIO (blog)UAW reaches severance deal at NUMMI plantDetroit Free PressLos Angeles Times -The Associated Press -BusinessWeekall 305 news articles »NUMMI workers ratify severance agreement - San Francisco Business TimesBoston GlobeNUMMI workers ratify severance agreementSan Francisco Business TimesUnion workers have ratified an a severance package agreement with the New United Motor Manufacturing Inc., which will stop producing cars on April 1. ...NUMMI workers ratify severance dealUPI.comNUMMI Workers Ratify Plant Closing PackageAFL-CIO (blog)UAW reaches severance deal at NUMMI plantDetroit Free PressLos Angeles Times -The Associated Press -BusinessWeekall 305 news articles »Tentative Teachers Agreement Ratified - Indiana's NewsCenterWANETentative Teachers Agreement RatifiedIndiana's NewsCenterFORT WAYNE, Ind. 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