The U.K. government is fighting an unwinnable battle against tax avoidance, lawmakers warned, as they called for greater transparency from companies and more resources to police compliance.
Following is a summary of independent forecasts for the U.K. economy from HM Treasury in London:
Drax Group Plc is set to receive a British government guarantee on debt for its project to switch the U.K.’s largest coal-fired plant to burn biomass.
Following is the text of an advertisement by the U.K. Treasury seeking a new governor for the Bank of England. The ad will be placed in the Economist magazine on Sept. 14 and on the government’s public appointments website.
The U.K. sued the European Central Bank over plans to block trades in some euro-denominated securities from being cleared outside of the 17 countries that share the currency.
Losses stemming from Royal Bank of Scotland Group Plc’s toxic assets have fallen to an estimated 45 billion pounds ($72.5 billion), the Asset Protection Agency said in its annual report today.
The following issue went on sale today:
U.S. prosecutors are seeking forfeiture of more than $5.1 million from former Bernard Madoff aide Annette Bongiorno, according to an e-mailed statement.