Former Northern Rock shareholders will challenge the government’s
compensation terms in the High Court, today.
Following the nationalisation of the bank in February, shareholders fear the
Treasury’s terms would result in little or no compensation and believe it
prejudices a valuation of Northern Rock by accountants BDO Stoy Hayward.
The case, which is expected to run for three days, is being brought by SRM
Global, RAB Capital, and a group of private shareholders. SRM, the largest
share-holder, has so far argued for a 400p a share, reports the Telegraph.
The action is also supported by Legal & General, the third-largest
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
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