Twenty-seventh Report of Session 2012-13 PDF Download
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Author: Great Britain: Parliament: House of Commons: European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 9780215053152
Category : Political Science
Languages : en
Pages : 100
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Book Description
Author: Great Britain: Parliament: House of Commons: European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 9780215053152
Category : Political Science
Languages : en
Pages : 100
Get Book
Book Description
Author: Great Britain: Parliament: House of Commons: European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 9780215065889
Category : Political Science
Languages : en
Pages : 84
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Book Description
Author: Great Britain. Parliament. House of Commons. European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 0215081005
Category : Political Science
Languages : en
Pages : 108
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Book Description
Author: Great Britain. Parliament. House of Commons. European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 0215081110
Category : Political Science
Languages : en
Pages : 88
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Book Description
Author: Great Britain: Parliament: House of Commons: European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 9780215054227
Category : Political Science
Languages : en
Pages : 92
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Book Description
Author: Great Britain. Parliament. House of Commons. European Scrutiny Committee
Publisher: The Stationery Office
ISBN: 0215083784
Category :
Languages : en
Pages : 141
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Book Description
Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts
Publisher: The Stationery Office
ISBN: 9780215054067
Category : Business & Economics
Languages : en
Pages : 46
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Book Description
The Treasury acts as both the finance ministry and economic ministry but it appears to neglect its role as finance ministry. Its own accounts are impenetrable and there are many instances of poor decision making by departments, which the Treasury could and should have prevented. While staff turnover fell in 2011-12, it is still very high. Furthermore, the Treasury remains committed to cutting its headcount by a third and there are still very few women at senior levels. The support provided to banks in the last crisis helped prevent the banking system from collapse. The Treasury has successfully withdrawn nearly all of the taxpayer guarantees to banks but the taxpayer still owns some £66 billion of shares in RBS and Lloyds, a sum which is yet to be recovered. The Treasury has not convinced that it understands either the risks it has taken on by indemnifying the Bank of England against losses on Quantitative Easing or the expected economic benefits. Some £375 billion has so far been injected into the economy as an 'experiment' but the Department could not explain what the effect has been on the whole economy or on different parts of society. The National Loans Guarantee Scheme achieved just 15 per cent of its intended take-up and has now been superseded by a more generous Bank of England scheme. The Treasury needs to be clear what it wants this Bank of England scheme to achieve, and how it intends to monitor it.
Author: Great Britain: Parliament: House of Commons: Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215053213
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
The Treasury should re-establish the annual Budget as the main focus of fiscal and economic policy making. The Autumn Statement is not, nor should it be, a second Budget. An additional budget can create uncertainty and carries an economic cost. Treasury and business managers also need to ensure that there is adequate Parliamentary time to allow proper scrutiny of the Finance Bill. About half of general government expenditure is to be protected from the new spending cuts but the complete protection of ring-fenced departmental budgets will be difficult to sustain while other departments are substantially affected. The Committee also intends to question the future Governor of the Bank of England, Dr Mark Carney, on possible alternatives to the inflation targeting that currently underpins the work of the Monetary Policy Committee of the Bank. The Treasury and to some extent the Bank were at fault for failing to coordinate the announcement of the Asset Purchase Facility transfer with that of the November MPC press release. It is vital that the MPC fulfils its duty to demonstrate its independence. There is concern at reports that the Funding for Lending Scheme may be biased in favouring lending for mortgages rather than lending to SMEs. The sums expected from the sale of the 4G spectrum and Swiss tax repatriation represent the majority of the additional receipts the Treasury intends to offset against the tax reductions and investment but both are uncertain. The Chancellor must also use the 2013 Budget to set out a clearer strategy for fuel duty over at least the medium term
Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215045331
Category : Banks and banking
Languages : en
Pages : 48
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Book Description
The Financial Services Bill is the most important overhaul of financial regulation ever undertaken in this country. The work of the Treasury Committee and the Joint Committee has secured improvements in some areas. They have also gained a commitment from the Government to look again at the Bank of England's current antiquated corporate governance, and its accountability to Parliament. The Bank must not be permitted to carry on with an outdated Court. Instead of drafting a fresh Bill, the Government has presented Parliament with multiple amendments to the already extremely complex Financial Services and Markets Act. The proposed legislation is therefore much more complicated than it need have been. Some of the key issues and recommendations include: that, the Court of the Bank of England should be given the statutory duty to undertake retrospective reviews of the Bank's performance; that, when public funds are at risk, the Chancellor of the Exchequer should be given the general power to direct the Bank of England; whether the Treasury Committee should have a role in the appointment and dismissal of the Governor of the Bank of England; amending the Bill to make competition an objective of the Prudential Regulation Authority; examining whether there is a way of requiring the Financial Conduct Authority in legislation to publish board minutes while not setting a precedent on the degree of intervention in how boards function; amending the Bill to ensure that Parliament may request retrospective reviews of the Financial Conduct Authority's work
Author: Peter Alldridge
Publisher: Oxford University Press
ISBN: 0191073962
Category : Law
Languages : en
Pages : 250
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Book Description
The fallout from the financial crisis of 2007-8, HSBC Suisse in 2015, and the Panama Papers in 2016 has generated calls for far more vigorous and punitive responses to tax evasion and greater international co-operation against mechanisms for giving anonymity to the ownership of property. One mechanism to ensure compliance is the use of the criminal justice system. The announcement in 2013 by the then Director of Public Prosecutions, Keir Starmer, of a policy of increasing rates of prosecution for tax evasion raised squarely the issue of whether increased involvement of criminal law and criminal justice in tax evasion would be justifiable or not. The relationship between tax evasion and the proceeds of crime is taking on increasing importance: treating the 'proceeds of criminal tax evasion' as falling within the 'proceeds of crime' regime inevitably expands the scope of both. In this book, Peter Alldridge considers the development of the offences and the relationship between tax evasion offences and other criminal offences; the relevant rules of evidence; prosecution structures, decision-making processes, and alternatives to prosecution. Specific topics include offshore evasion and the relationship of tax evasion with other crimes and aspects of the criminal justice system. A topical and lively discussion of a heated debate.
