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The multi-billion-pound self-certification mortgage industry, in which customers are not required to provide proof of income, is set to be banned by the financial regulator.The Financial Services Authority (FSA) is effectively planning to kill off self-cert home loans by introducing a rule compelling lenders to insist that customers provide evidence of their income, the Times writes.Sir Michael Bishop turned down the chance yesterday of becoming the chairman of ITV, believing that he lacked the energy to sort out the chronic problems affecting the broadcaster of X-Factor. The former chairman of bmi, the airline, concluded that the commercial broadcaster was crippled by a dysfunctional board and strained relationships with its investors, the Times writes.Lloyds Banking Group may have to pay out at least £300m in fees to investment bankers to underwrite its planned £11bn rights issue. The huge payout could again ignite a row about bankers' bonuses. As Lloyds is 43%-owned by the Government, a large part of those fees will be borne by the taxpayer, the Times reports.The Financial Services Authority should bring criminal charges against those responsible for circulating rumours about the personal financial affairs of JJB Sports' executive chairman Sir David Jones, according to one of the group's largest shareholders. David Herro, chief investment officer at Harris Associates, which holds a 14.5% stake in JJB, said that the rumours were part of a "planned, concerted attempt to destabilise" the company, the Telegraph reports.Six European bankers at Lehman Brothers are claiming £70m for lost pay and bonuses from the administrators of the collapsed bank. The claims are contained in filings related to Lehman Brothers Holdings Chapter 11 administration in the US. The document shows that Italian banker Riccardo Banchetti, the former joint chief executive of Lehman in Europe and the Middle East, is claiming $26,040,000 (£16.4m), despite having held the job for only a few weeks before Lehman went into bankruptcy last year, the Telegraph reports. Britain is on the brink of emerging from recession, business leaders predicted yesterday. According to the latest survey for the British Chambers of Commerce (BCC), which assessed the confidence of more than 5,500 companies, "the decline in economic activity is coming to an end, though much of the rebound is from historic lows," the Independent reports.Britain must raise taxes by £26bn per year or cut public spending by 17% in the three years to 2013-14, over and above the measures proposed in this year's Budget, a report published today warns. PricewaterhouseCoopers, the accountancy firm, says that the damage to the economy inflicted by the recession means that fiscal tightening will need to be more aggressive than anticipated by Alistair Darling in this year's Budget, the Times writes.Gordon Brown faced the humiliating prospect of repaying more than £12,000 ($19,000) of cleaning, laundry and gardening expenses deemed excessive by an independent review. The prime minister is the most high-profile target of Sir Thomas Legg, who informed MPs of the results of his independent investigation into five years of parliamentary expenses claims, the FT reports. JPMorgan's top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head of the investment bank will mean a diminished role for its London operations. Jamie Dimon, JPMorgan's chief executive, made a surprise visit to London last week, meeting about 70 senior managers, to reassure them that the City and Europe remain crucial to the bank's future, the group said, the FT reports. First there was the bagless vacuum cleaner, then the towel-less hand dryer: Now James Dyson, the British inventor, has developed a bladeless electric fan which goes on sale on Tuesday in the US and Australia. The Dyson Air Multiplier fan uses advancements in airflow engineering instead of traditional blades to 'multiply' air 15 times and push out 119 gallons of smooth and uninterrupted air every second, the FT reports.The Government has strongly criticised the controversial FTSE100-listed mining group Vedanta Resources, saying that it had failed to do enough to consult with indigenous people over a proposed bauxite mine in India. Vedanta's plans to develop a site in the state of Orissa failed to include plans for adequate and timely consultation with Dongria Kondh, an indigenous people in the area who believe mountains that Vedanta plan to excavate are sacred, the Independent reports.