Northern Rock’s finance chief has said that the nationalised bank’s loan
repayment to the government will have to be put off until 2011.
Ann Godbehere told the Treasury Select Committee that after stress-testing
the plan against an earlier decline in the housing market, the loan repayment
would be postponed for six months and the guarantees may have to be extended
The Treasury is still looking for someone to tot up the value of the bank
after the government loan is stripped out .
Godbehere added: ‘The taxpayer will get repaid but it will come in more
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