Barclays under mounting pressure after it emerges that the incoming chairman Nigel Higgins has invested in tax evasion programs
City & Finance reporter for the Daily Mail
Barclays is under growing pressure when it turns out that new chairman Nigel Higgins has invested in tax evasion programs.
Rothschild's former banker, 58, who joins Barclays next year, was a member of two projects – Eclipse Film Partners and Film Development Partnership – hired by HMRC for investment in film tax relief projects.
Under Pressure: Incoming Chairman Nigel Higgins has invested in tax evasion programs
The three founders of Film Development Partnership were imprisoned in 2016 for nine years each.
John Mann, a member of the Finance Committee, said, "It would be helpful if the new chairperson confirmed that Barclays is not advising people on this type of system."
Barclays declined to comment last night.