Homer To Head The FCA?

My thanks to a loyal reader who has alerted me to the rumour that is currently doing the rounds, wrt Lin Homer.

It seems her time in HMRC may soon be coming to and end.

Apparently she will be taking over the role of CEO of the Financial Conduct Authority (currently held by Martin Wheatley).

As to whether this is a promotion for Homer, or simply a side step to take her out of HMRC, I have no idea.

Regarding Wheatley, well it seems he has lost the support of the politicians. As per This is Money:

"Wheatley has lost the support of senior politicians who believe the regulator has failed to protect small firms mis-sold risky insurance by banks. Critics say the FCA has also lost credibility following a bungled leak of market sensitive information about an insurance industry probe last year. 

 One Westminister insider told the Mail: ‘There are serious doubts about Martin Wheatley across the piste – including from inside the Treasury. There is currently a massive row over whether he should remain in his post.’

As noted, Homer's appointment is but a "rumour", this may be complete BS!

Tax does have to be taxing.

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