“TSB investigated over IT meltdown”

Jun 6, 2018 | In the news

An independent (financial adviser’s) view

This was the headline on this morning’s BBC news. Perhaps it was the fact that the regulator, the FCA, is taking such relatively prompt action to investigate the trials and tribulations brought about by these Anglo-Spanish computer problems that grabbed the headline writers’ attention. The extent to which this is a first world problem was highlighted by the third item, tales of of children trapped in lava flows in Guatemala. A country in which, I suspect, an online banking failure would have very little effect. I hope we’re contributing a small proportion of the FCA’s £573m budget to help them.

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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.