MPs Demand End To £1B Windfall For UK Gilt-Holders
Law360, London (February 12, 2019, 12:23 PM GMT) -- The British government faced mounting pressure on Tuesday to change a calculation for inflation that hands holders of gilts an extra £1 billion ($1.3 billion) in interest every year, as two panels of lawmakers called on civil servants to help “correct the error.”
Two panels of lawmakers want HM Treasury, pictured, and another government department to end a bureaucratic stalemate that they say has created a windfall for government bond holders. (AP) The House of Commons Treasury Committee and the Lords Economic Affairs Committee want to break a bureaucratic stalemate that they say has created a huge windfall for government bond holders....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!