Donations accounting costs Hain job
Work and Pensions resigns over unreported campaign donations
Work and Pensions resigns over unreported campaign donations
Peter Hain yesterday quit his cabinet post as the pressure over accounting
for donations to deputy leadership campaign became too much to bear.
Hain came under fire in December after admitting he had not declared the full
list of donors that contributed to his failed bid for the deputy leadership of
the Labour Party.
Because of ‘administrative failings’ within his campaign, there were
donations to his deputy leadership bid which were not registered within the
normal time to the Electoral Commission, Hain said. The failings emerged after
an audit of Hain’s campaign finances.
Hain had declared £82,000 but the total amount raised by his campaign team
last year is thought to top £100,000.
Yesterday Hain said he was stepping down to ‘clear my name’.
‘I severely and seriously regret the mistake in declaring donations late,’
Hain said.
Further reading:
Hain apologises for late accounts
Brown voices fury at Hain donation row
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleNigel Farage has pledged to raise the personal tax-free allowance to £20,000, a move the Institute for Fiscal Studies says could cost up to £80bn annu...
View articleThe Bank of England will delay its much-anticipated interest rate decision tomorrow (Thursday, May 8) by precisely two minutes to observe a national m...
View articleChancellor Rachel Reeves has ruled out any increases to UK wealth taxes in the upcoming Autumn Budget, putting an end to speculation over potential hi...
View articleWhen Chancellor Rachel Reeves rises to deliver her Spring Statement on Wednesday, she will be doing so with a tighter fiscal straitjacket than any of ...
View articleAccountants urged to monitor fiscal impact amid rising debt concerns Read More...
View articleTo fund this sustainably, the top one percent of high-value properties, such as large warehouses used by online giants will be asked to pay more to su...
View articleThe UK’s tax landscape faces its most significant overhaul in decades with the new Finance Bill potentially marking the end of non-dom tax statu...
View articleFollowing the UK Budget announcement, key figures across finance, tax, and business have responded to the Chancellor’s measures, highlighting potentia...
View article