Rod Kent, former
Bingley chairman, expressed his regret yesterday, telling a Commons Treasury
select committee hearing nationalisation had been the only option after a run on
Kent apologised for his management’s role in the lender’s demise and said the
bank’s board ‘accepts it is fully accountable for what happened’ and was
However, Richard Pym, B&B’s chief executive, blamed the media for playing
a part in the panic which led to the lender’s demise. He stood by the lender’s
statement of September 25 – before it was ‘over-run’ by withdrawals – that it
was ‘strongly capitalised’.
Two days after the statement, the company was told its capital position did
not meet levels required by the Financial Services Authority. Pym said the
customer panic was fuelled by reports suggesting government aid was planned.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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