Government revenue misses targets with fee delay

(CNS Business): The failure of government and the private sector to be able to pull together new corporate governance standards in time to collect newly proposed feeson hedge fund directors is partly to blame for government’s revenue predictions now falling short of the anticipated $80million surplus as had been required by the UK in this year’s budget. Speaking about the issues on Thursday at the Cabinet press briefing Rolston Anglin said that some of the $30million of revenue the government hoped to earn, but didn’t, was dependent on the fees that will eventually come from the hedge fund industry and new regulations. Read more on this and other new stories on CNS Business