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BRITAIN’S biggest banks face compensation claims worth billions amid accusations of mis-selling "absurdly complex products" to small businesses. More than 90 per cent of the complex interest rate hedging products could have been mis-sold, the Financial Services Authority (FSA) revealed. I'm sure everybody completely understands these details. Lenders have already set aside more than £700million to compensate potential claims but many experts warn the final cost could exceed £10BILLION. However, the bankers will still be getting their bonuses. BRITISH burgers could have been contaminated with horse meat for more than a year. Is anyone really that surprised. Could can mean anything. The Food Standards Agency’s boss said that “filler” from Poland containing beef and horse meat could have been used by the Irish processor at the centre of the scandal for at least 12 months. Appearing before a committee of MPs, FSA chief executive Catherine Brown said: “This filler had been used for a year. “When the Polish get to the bottom of this we hope to know whether it’s likely this has been going on for all that time.” She also stressed there could be prosecutions over the scandal. Tim Smith, of Tesco — which was rapped over a burger with 29 per cent horse meat — told the committee the firm had taken legal advice about the possibility of being sued. TWO thirds of Britain’s £11billion aid budget is channelled through fatcat global bodies that cream off admin costs, a report warns today. Basically, we've all known that there is too much of the money raised by charity going into administration costs. The report, by MPs on the International Development Committee, says two thirds of taxpayers’ aid spending in 2011-12 — including nearly 40 per cent bound for individual nations — went via agencies such as the UN and World Bank despite their “high costs and limited effectiveness”. A shocking picture accompanies this story. t was like a trip tback to the 80s when I was a YTS Teacher at cornwall College as we learnt a shocking fact about Britain. Among the major European countries, we are in the relegation zone when it comes to youth unemployment. Only crisis-hit Spain has higher numbers of young unemployed than the UK. 'One Nation' ... Labour leader Ed Miliband. Nearly one million British youngsters cannot find work, and tens of thousands have been seeking jobs for more than a year. We covered a story last week that many don't want to work as it would affect their benefits.