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News comments:
The silly season continues.

Did you know the UK collects its taxes and deposits them in an American bank? Yep, Citi collects the tax of UK citizens. Isn't that bizarre? (HMRC Bank Accounts)

But then it gets worse. If you want to pay some pension contributions you pay them into Alliance & Leicester. A bank owned by a Spanish bank, Santander. (HMRC Bank Accounts)

Now I wouldn't dare say that Citi and Santander are banks with a reputation but ...

Citi is the worlds largest money launderer (rinse) (businessweek)

Santander is bust (dailyrecord)

Why don't HMRC use a UK tax payer owned bank like RBS or LLoyds? They need liquidity and deposits as much as any other bank.

Truly shocking.

Today's shorts:
HMRC to fine people for not being tax payers (thisismoney)

HMRC clamps down on SDT (ftadviser)

BBC rapped for tax offences (dailymail)

Beer to get stamp duty (bighospitality)

Today's longs:
Brits say NON (independent)

Gossip:
HMRC to be fined by FSA for money laundering failures.