Showing posts with label fine?. Show all posts
Showing posts with label fine?. Show all posts

Monday, December 17, 2007

HMRC to be fined £50Bn over lost CD's?

Norwich Union was fined £1.2m for putting 632 of its customers at risk of fraud according to Timesonline. I reckon that works out, pro rata at about £50Bn for the 2 lost CD's. I know it would be pointless fining them because its only tax payers money going round.

But wouldn't it concentrate a few minds if all, or at least some, was deducted from HMRC's Senior Managers' bonuses or index linked pensions? Better still if some of it was paid by their political masters as well, now that would set an interesting precedent and make them apply some oversight.