Alistair Darling is ready to take action to help banks and building societies
secure more finance to facilitate fresh mortgages, after the mortgage-backed
securities market virtually dried up last year, cutting off what had become a
crucial source of mortgage lending.
The latest figures indicate house prices are continuing to tumble and home
buying activity has plummeted to the lowest levels for four decades, The
The chancellor is expected to order an extension of the
Bank of England‘s
emergency £50bn special liquidity scheme introduced this year to help ease
funding strains on banks caused by the credit crisis.
The scheme enables banks to swap mortgage-backed bonds issued before the end
of 2007 for much more tradeable Treasury bills which can then be used to raise
funds in the markets.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay