Britain’s tax authority and state benefits administrator
HMRC has filed a bankruptcy petition against Jamie Carragher in the Insolvency and Companies Court over an unpaid tax bill. Carragher’s representatives say the matter is private and will be settled imminently. The case was filed Wednesday and the HMRC notes offer support to debtors and stress bankruptcy is a last resort.
The Bank of England has reported that 65,945 mortgage approvals were granted in April, up from March’s 63,979, with remortgaging activity stable. Consumer credit rose modestly while net lending to households increased, amid expectations of further rate rises as inflation remains a concern.
The government has unveiled plans to give England’s mayoral authorities a share of income tax to fund local development. While praised as a potential fix for regional inequality, the policy will take years to implement and risk leaving slower-growing areas behind, as councils seek to borrow for major projects amid central oversight.