“Capita seeks to raise £700m as losses deepen”

Apr 26, 2018 | In the news

Tags: Capita
An independent (financial adviser’s) view

I remember when cassettes were the thing, recording all of my vinyl LPs so I wouldn’t have to turn them over and to cut out the crackles  using the miracle of Dolby technology. Now we’re realising that, despite their faults, those LPs and 45s were a pretty good thing. Not the best analogy, I know, but for all the faults of the Prison Service, what possessed the government to think to think that Capita could do better for less money? And that’s just one bit of our lives (well, some people’s lives) they’re running. Check out their website and you’ll see they have their now-lossmaking-fingers in 20 or more different pies. Will we/they never learn? Probably not.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.