In a written statement to Parliament yesterday, Alistair Darling gave a clear
warning to the banks there would be ‘no automatic right of access to the
Treasury would expect high-level conditions to be met before capital could
be offered to any eligible institution, including a plan to meet an appropriate
level of capitalisation, sustainable business model, broad-based funding model
and a credible senior management team.
The statement could be seen as a rebuttal to Sir Peter Burt and Sir George
Mathewson, the former bank executives who have been pushing to keep HBOS
independent by scrapping its merger with Lloyds TSB, the Financial
Darling’s warning also quashes any remaining hope for Barclays’ investors the
bank might get more favourable terms on government capital than it is currently
receiving on its £7bn fundraising.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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