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UKFI - The taxpayers’ new company

Posted by AccountingWEB in Tax, In business on Wed, 05/11/2008 - 15:07

The chancellor, Alistair Darling has announced the nation’s new investments in the banks bailed out out in the financial crisis of the last few months, will be managed on a commercial basis by a new arm’s-length company, ‘UK Financial Investments Limited’ (UKFI), which is wholly owned by the Government.

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