A canny accounting move by former UK chancellor George Osborne that reaped 120 billion in profits for the government is now turning sour and risks growing the fiscal hole challenging his successors.
A decade ago this week, Osborne declared that income from bonds the Bank of England acquired under its quantitative-easing program could be used to reduce government debt. That was a boon when he was trying to shrink the country’s deficit under the austerity imposed after the financial crisis.
The deal struck with the BOE meant the government, while benefiting from payments at the time, would also have ...
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APPLETON, Wis. (WBAY) - An Appleton medical clinic will pay over $382,000 to settle accusations from the U.S. Attorney’s Office that it submitted false claims to Medicare and offered medically unn...