Sunday 26 July 2015

When will the Treasury & the HMRC wise up to the 'non' Crown preference rip off?

In the event of a company going into insolvency the Crown who picks up annually £200M+ worth of costs should be able to claim that back as a secured creditor - the proceeds presently go to the banks as the secured creditor.
 
Gordon Brown as Chancellor was right to make all unsecured creditor equal with the removal of Crown preference - What he and the officials did not anticipate was the banks and asset based lenders would make themselves the secured creditors and take the money that should have gone to SMEs and the tax payer!

The banks are pocketing £200+ of money that should have gone to the taxpayer through fraudalent charges!

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