The risk posed by surging house prices has now spread beyond London but intervening by raising interest rates remains a last resort, Bank of England deputy governor for financial stability Jon Cunliffe said yesterday. Cunliffe stressed that although the central bank cannot control house prices it can try to prevent them exacerbating household debt levels. - The ScotsmanLeading investors in Sports Direct will vote against the re-election of the chairman and other board members at September's annual general meeting in protest at the multimillion-pound bonus scheme pushed through this week for the retailer's founder, Mike Ashley. Shareholders unhappy about the deal are planning coordinated action through the Association of British Insurers' (ABI) investment committee and the National Association of Pension Funds (NAPF). - The GuardianThe British investigator hired by GlaxoSmithKline months before it became embroiled in a major bribery scandal in China has accused the company of concealing the full extent of the allegations it faced. Peter Humphrey, who was subsequently arrested in China accused of illegally purchasing personal information and is now facing trial, said he felt "cheated" by the drug maker, according to the FT. Mr Humphrey conducted an investigation for GSK months before it was publically accused of spending as much as £320m bribing doctors and officials in China to win sales. - The TelegraphThe chief executive of HM Revenue & Customs is facing a double grilling from MPs over how the tax authority exaggerated its success in squeezing additional revenues from reluctant taxpayers. The National Audit Office yesterday criticised HMRC over a mistake that led it to proclaim greater success for its compliance division than was actually being achieved. - The TimesRyanair is restarting British domestic services, with daily flights from Glasgow and Edinburgh to London starting in the autumn. The Irish airline abandoned internal flights three years ago but believes a changing market and its own focus on business passengers makes the routes viable. Ryanair will operate three daily services each way from Stansted to the Scottish cities, setting up operations at Glasgow International instead of Prestwick for the first time. - The GuardianLabour is to raise the prospect of further parts of the rail network being taken back into public ownership when it announces plans to subject franchises to a competitive bid between the state and private sector as they come up for renewal. - The GuardianBC