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Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.
Wednesday, 11 March 2009
HMRC Chooses RBS
A snippet from the City Diary of yesterday's Times:
"HM Revenue & Customs has had to go looking for another bank. This follows the decision in 2004 by the Bank of England to withdraw from the provision of retail banking and clearing services to government departments and corporate customers in order to concentrate its core responsibilities, HMRC tells me.
(Does anyone know whether this decision led to a more diligent and careful stewardship of the UK economy from Threadneedle Street? Someone remind me.)
So Revenue & Customs had to go through a public procurement process to find the right bank.
Citigroup and, er, Royal Bank of Scotland.
RBS seems to have been a long way into its present troubles when it was selected for the HMRC job.
Still, life goes on."
Tax does have to be taxing.
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