“Greenshil and Archegos: two more sorry tales”

Apr 6, 2021 | In the news

An independent (financial adviser’s) view

Another lesson of history: every ten years or so, the same old financial scandals rear their uglies again. One, Greenshill, was bankrolling the Indian owner of British Steel,  and looks likely to shred the remaining credibility of David Cameron, late of this parish, who was trying to get Rishi to bail them out and save his £60m potential bonus. The owner of other, Archegos (name should have been a giveaway), was cleverer still, borrowing (very) big from lots of big banks, none of whom knew the other was lending. Sound familiar? From 2008? Will 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.