Backdating child tax credit
Nineteen-year old Nicola Mc Kenzie told the Victoria Derbyshire programme on Tuesday that her child tax credits were stopped after she was wrongly accused of being married to a dead 74-year-old man.Jon Thompson, HMRC’s chief executive, said: “We want to reassure customers who have had their tax credits stopped that we will prioritise their cases, and make sure that they are processed as quickly as possible.
Other retailers such as Lotte Mart and Homeplus were also found guilty of selling the deadly product.HMRC has allocated 150 staff to help those who may have been affected and said it will assess cases as quickly as possible.If you believe you had tax credits incorrectly cancelled, call the number on the decision letter and request “mandatory reconsideration”.The BBC reported today that the Government was “close to” signing a new deal with Concentrix before the blunders were uncovered and the deal was swiftly cancelled. Concentrix said in a statement that the termination had come “as a significant shock”, adding that it “did not give us the opportunity to communicate appropriately with our staff ahead of the announcement.” Authorities have launched an investigation into Barclays chief executive officer Jes Staley for trying to identify a whistleblower, the bank said on Monday.The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are both investigating Mr Staley after the bank notified them that Mr Staley had tried to identify the author of two anonymous letters, which were sent to the board and a senior executive in June 2016.Thousands of people who wrongly had tax credits stopped may be able to claim back-dated payments.
Concentrix, which which was supposed to save the government £1 billion by cutting tax credit fraud and overpayment, had its contract terminated on Tuesday after a series of blunders which have left thousands without access to vital cash were uncovered by the BBC.
In a message sent to the bank's 75,000 employees, the banker said that anyone can make mistakes while insisting that staff had to maintain the highest professional standards.
The head of the International Monetary Fund (IMF), Christine Lagarde, must stand trial in France over a payment of €403 million (now £340m, then £290m) to tycoon Bernard Tapie, a France's highest appeals court has ruled.
A senior executive at HSBC has been arrested at New York's JFK airport for his alleged involvement in a conspiracy to rig currency benchmarks, according to reports.
Mark Johnson, global head of foreign exchange cash trading in London, was reportedly arrested on Tuesday.
Antoine Deltour and Raphael Halet face suspended sentences of 12 months and 9 months and were ordered to pay fines of €1,500 (£1,230) and €1,000 (£822) for their role in the so-called Lux Leaks scandal.