Organised criminals accessed the records of up to 100,000 taxpayers in a breach at HMRC, leading to an estimated £47 million loss for the tax authority.
HMRC granted powers to seize funds “direct recovery” from bank accounts
Tax inspectors will now have direct access to bank accounts to recover unpaid taxes as part of a renewed effort to reclaim billions lost to evasion and avoidance.
UK Treasury borrowing is set to exceed projections by £63bn.
A leading think tank has warned that the Treasury is on course to overshoot public borrowing forecasts by £63bn compared to estimates made before Labour came to power as Chancellor