Tough times at the Council helm
Article Abstract:
The Bristol City Council met to set the poll tax on Mar 6, 1990, and as a result, a riot occurred in which five police were injured and 21 arrests were made. Bristol City Council chief executive Walter Miller believes that the poll tax is a mistake, and he feels that the UK government could have made the poll tax more acceptable by increasing revenue support grants. The Bristol rate was set at 490 pounds sterling, a decrease from the original 520 pound estimate but above the 330 pound limit the government desired. Miller believes that there was little room to maneuver on setting the rate since reducing the poll tax equates to reducing the city budget. Miller states that collecting the poll tax will cost 22 pounds per head for a total of six million pounds more than collecting the domestic rate due to the need to increase tax collection personnel, upgrade computer systems, and enhance tax collection points.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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The loneliness of the long-distance whistleblower
Article Abstract:
Baring Investment Bank's former chief of group treasury and risk Ian Hopkins is contesting the Securities and Futures Authority's (SFA) decision to penalize him for his role in the collapse of Barings Bank. Based on the report submitted by the Board of Banking and Supervision, the regulatory body has ruled that Hopkins' inability to detect the illegal activities of rogue trader Nick Leeson demonstrated his failure to exercise skill, care and due diligence. As punishment, the SFA is proposing to prohibit Hopkins from working in the British financial center for three years and to fine him 10,000 pounds sterling. Hopkins is protesting this move, claiming that he did raise a number of documented concerns and was even resented by his colleagues for questioning their practices. The former Barings risk manager is determined to clear his name and save his professional reputation.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1996
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European parental perambulations
Article Abstract:
A draft was brought before the European Council on June 5, 1986 proposing a minimum three-month leave for both parents of children up to the age of two (five for handicapped children); provisions were also proposed for single parents and parents of handicapped children. Even though the proposals had strong support from various groups, the draft was dropped from the June agenda, due to the English government's opposition to the proposals. The Government believes that parental leave should be a matter of negotiation between employer and employee and that the proposals would place a heavy burden on businesses.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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