Kelly was questioned by members of the Treasury select committee over who was responsible for the loss, which included a £12m provision for redundancy costs, and for the security at the Royal Mint that resulted in the theft of £25,680 earlier this year.
Royal Mint chief executive, Gerald Sheehan, blamed the loss on over-ambitious expansion plans and a fall in the international demand for coins. The Mint however has moved into profit over the first seven months of the year and expects to finish the year in the black.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements