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She added: 'We have been forced to conclude that consumers have paid too much towards the cost of investment in the industry, and the companies have received the lion's share of the benefits of privatisation.'Average bills, according to the NCC, have gone up by 67 per cent but in some areas have doubled. JUST when it seemed Tom Watson was a past rather than a present master there was a sharp revision of opinions yesterday. Investigators believe the blasts may be the work of the Serbian mafia, increasingly involved in smuggling and protection rackets in southern Hungary.. The Irish border, a dangerous, wriggling serpent with its head in one sea and its tail in another, was created jointly by man and nature. During this financial year, income tax should raise around pounds 64.4bn, compared to the pounds 73.9bn to be collected by Customs & Excise.Public discontent about the growth and intrusiveness of taxes has thrown up a succession of folk heroes, from William Tell to Lady Godiva. Like our own Bournemouth Symphony, the Florida Phil' is a seaside touring band.

OPINION among dealers in Old Masters is divided over whether a Canaletto bought at Christie's yesterday for pounds 2.2m is a bargain. They were due to be briefed by Madeleine Albright, US ambassador to the United Nations, and General John Shalikashvili, the US armed forces chief. THE MOTIVE for unifying the Government's public spending and tax decisions in a single Budget each year was to let the Cabinet realise the full tax implications of its spending decisions. So far there is just one trust - a pounds 30m fund launched by Kleinwort Benson last year. NEW equipment fitted in British charter aircraft helped avoid two disasters in Spanish airspace in the past two months. Mr Smith noted that the 'magic words' were not actually in the formal text delivered by the Queen in the Lords.

Now, with the rise in the number of attacks by Palestinians, they are contemplating using them. The United Nations said more than 335,000 villagers had fled north, while Israeli intelligence sources put the figure at 150,000. On the third day of Israel's air, sea and land assault on pro-Iranian militiamen in Lebanon, the Prime Minister, Yitzhak Rabin, said that the aim was to create a flow of refugees to force the Lebanese and Syrian authorities to take action against the gunmen.As the US Secretary of State, Warren Christopher, cut short a visit to Asia and the President, Bill Clinton, praised Syria for its restraint in keeping out of the conflict, Mr Rabin appears to have decided that world opinion will allow him to create a civilian exodus to pursue his military aims in south Lebanon, where Israel is primarily trying to eliminate the pro-Iranian group Hizbollah. Not surprisingly, according to the police, I was the first tourist to be mugged in eight years.The team of nine crack detectives went undercover and staked out all the local banks. A new second market purely for institutional investors is one suggestion, while others are pressing for a further relaxation of entry rules and requirements.On a broader horizon the exchange is presiding over something with far greater responsibility than just allowing companies access to alternative funding; it has a hand in the future development of the UK economy.Closing the doors in June would deny those companies less than two years old a viable opportunity to expand, and further depress investor interest in those companies already on the USM.There is a way for the exchange to avoid a total disaster. Nothing wrong with that: long-distance motorway miles are better than a low reading racked up around town.Last stop was Porsche's imposing Reading headquarters. On becoming a junior member of the staff in 1938, Watson was instructed by Mann to catalogue the furniture.