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Shadow Chancellor investigated over expenses

Conservative shadow Chancellor George Osborne is being investigated by the parliamentary standards watchdog over his mortgage allowances.

The parliamentary commissioner for standards John Lyon confirmed yesterday that he is investigating a complaint over Osborne’s mortgage claims.

The accusations came from Labour Party chairman Laurie Barton who alleges that Osborne took out a mortgage of nearly £5,000 more than the price of his house and claimed allowances to cover interest payments on the whole debt, rather than just the cost of buying the house.

A spokesperson for Osborne denied the claims and said he has been open about his expenses.

A further claim that Osborne had flipped his second home to avoid capital gains tax will not be investigated by the commissioner as it is a matter for HMRC.


FSA in talks with Serious Fraud Office over Keydata

The FSA is in talks with other regulators including the Serious Fraud Office regarding £103m in missing assets and a number of tax irregularities in some of Keydata’s products.

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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