Day: October 8, 2018

Business Secretary Greg Clark has appointed Andy Haldane to be Chair of the Industrial Strategy Council, an independent body set up to assess the government’s progress on the commitments made in its modern Industrial Strategy.

Mr Haldane is the Chief Economist of the Bank of England where he is responsible for research and statistics as well as being a member of the Monetary Policy Committee.

The Council will meet for the first time at the beginning of November. Mr Haldane will be joined by senior individuals from business, academia and civil society from all corners of the UK.

Business Secretary Greg Clark said:

We are getting on with delivering the modern Industrial Strategy with record levels of investment in R&D, the fastest growth in infrastructure spending in the G7, the biggest shakeup to technical education in a generation and Sector Deals to put the UK at the forefront of the industries of the future.

The Industrial Strategy Council has an important role to play holding the government to account by monitoring its success delivering the Industrial Strategy and its impact on the economy.

I am delighted that Andy Haldane has taken on this important role which will give the Council authority and independence, as well as the benefit of his thought leadership in this area.

Chief Economist of the Bank of England Andy Haldane said:

The Industrial Strategy is one of the most critical strands of work taking place across government and has the potential to raise living standards across the whole of the UK, boost people’s earning powers and put the UK at the forefront of future industries internationally.

I am delighted and honoured to take the role of Chair of the Industrial Strategy Council and look forward to working with leading business men and women, investors, economists, and academics to provide impartial and independent evaluations of the government’s progress in delivering on the Industrial Strategy.

Governor of the Bank of England Mark Carney said:

Productivity is an important determinant of the Monetary Policy Committee’s forecasts for economic growth and inflation. Understanding the impact of the government’s policies on the outlook for productivity is therefore of great importance to the Bank’s work. Andy’s new role will help both to deepen that understanding and, consistent with our remit, to support the government’s objectives for growth and employment.

The work programme of the Council will be developed by the Chair and its members and its remit will include reviewing the impact of the Industrial Strategy to date and its contribution to UK economic growth, as well as recommending a series of success measures for the implementation of the Industrial Strategy White Paper.

It will also provide advice on delivery against these measures and their contribution to UK economic growth and ways to improve the measurement of success, particularly in terms of productivity and the better use of data across government.

The Council will publish a regular public report assessing progress on implementation of the Industrial Strategy against success measures and on ways to improve measurement and evaluation.

It will meet 3 to 4 times a year and it will agree its annual work programme and priorities with BEIS and HMT. The Chair will meet annually with the Business Secretary and the Chancellor to discuss its work programme and progress.

Plans to convene an Industrial Strategy Council were announced in the Industrial Strategy White Paper and is a result of the Green Paper consultation, in which many businesses, universities and other stakeholders proposed that the Industrial Strategy needs to have clear measures of success, and an ongoing mechanism to evaluate progress.

Notes to editors

• Andy Haldane is chairing the Industrial Strategy Council in a personal capacity during his term of office. It is not an institutional responsibility of the Bank of England.
• Andy Haldane will not be receiving a salary for this role.

A man from Middlesex has been prosecuted after being caught on film dumping waste on private land in Romford.

Brian Christopher Stokes, of Lyncroft Avenue, Pinner, was charged with dumping waste without an environmental permit, contrary to section 33 (1) (a) of the Environmental Protection Act 1990.

At Barkingside magistrates’ court on Friday 5 October, district judge Gary Lucie sentenced Stokes to 100 hours’ unpaid work, ordering him to pay costs of £1,500, and an £85 victim surcharge.

The court heard Stokes was captured on CCTV controlled by Havering Borough Council, arriving on private land at the old Decathlon site in Angel Way, Romford, Essex, on 14 July 2016. Stokes was filmed driving a white dumper truck to the rear of the site, emptying the contents, described as “building materials in heavy duty bags,” from the truck to the land. He’d previously removed the vehicle’s number plates.

Enforcement officers from Havering Council passed the CCTV footage to the Environment Agency and Metropolitan Police. On 21 July 2016, police officers attended a different location in Romford. The same vehicle used by Stokes a week earlier was seen being driven onto this site. Officers identified Stokes as the driver.

District judge Lucie heard the Angel Way site, went from “being completely clear to being full to the brim of waste,” although Stokes was only responsible for some of the waste dumped there.

Simon Graham-Harrison, who brought the case against Stokes for the Environment Agency, said:

Stokes’s actions showed a blatant disregard for the environment. In cases like this, where the actions of individuals threaten to undermine legitimate waste businesses, we have no hesitation in prosecuting those involved.

To ensure that the right waste gets to the right place, we encourage the public and businesses to check that their waste carrier is registered on www.gov.uk, and to ask to see a copy of the waste transfer note for the waste. If possible, take a photo of the note on your phone.

Stokes pleaded guilty at an earlier hearing.

A list of registered waste-carriers can be checked online here.

Dr Alastair McPhail CMG OBE has been appointed Her Majesty’s Ambassador to the Federal Democratic Republic of Ethiopia, Her Majesty’s Non-Resident Ambassador to the Republic of Djibouti and Permanent Representative to the African Union in succession to Ms Susanna Moorehead. Dr McPhail will take up his appointment in January 2019.

CURRICULUM VITAE

Full name: Dr Alastair McPhail CMG OBE

Married to: Jo McPhail

Children: Two sons

2018	FCO, Director of Communication
2017 to 2018	FCO, FCO Co-ordinator, UK-France Summit
2014 to 2017	Jerusalem, Consul General
2013	Full time language training (Arabic)
2011 to 2013	Juba, Consul General, then Her Majesty’s Ambassador
2009 to 2010	FCO, Deputy Director, Estates Change
2009	Bamako, UK Special Envoy to Mali and Head, Crisis Management Team
2006 to 2009	Rome, Minister/Counsellor and Deputy Head of Mission
2005	Full-time language training (Italian)
2004 to 2005	FCO, UK Special Representative for Sudan
2002 to 2004	FCO, Head, Sudan Unit
2000 to 2002	FCO, Head, Egypt, Libya and Sudan Section, Near East and North Africa Department1
1996 to 2000	Ankara, First Secretary (Political/Military)
1995 to 1996	Full-time language training (Arabic and part-time Turkish)
1994 to 1995	FCO, Nuclear Weapons Desk Officer, Security Policy Department

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David Andrew Marsden (62), from Exeter, was the director of finance company First Capital Factors Limited (FCF). Incorporated in 2009, FCF offered recourse factoring facilities for small and medium businesses where they would buy a company’s invoices to provide them with advanced finance.

To be able to purchase their clients’ invoices, FCF secured funding from other companies. However, one of FCF’s funders spotted irregularities within FCF’s portfolio and sought advice from a business advisory firm in August 2016, who agreed that these concerns within FCF’s loan book.

The funder used its statutory right as a fixed charge holder to appoint an administrator and following further enquiries, it was discovered that David Marsden instructed a number of his clients to produce false invoices, before he submitted them to FCF’s funders to secure illegitimate funds.

FCF operated a back-to-back receivables finance facility, where FCF would assign debts to the funder in exchange for 65% funding. Using this method, David Marsden fraudulently secured close to £4.3 million before transferring money from FCF to other companies he was connected with in order to avoid paying his creditors.

On 18 September 2018, the Secretary of State accepted a disqualification undertaking from David Marsden, after he admitted acting in collusion with certain clients to defraud a back to back receivables finance provider.

Effective from 9 October 2018, Andrew Marsden is now banned for 10 years from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.

Martin Gitner, Deputy Head of Insolvent Investigations for the Insolvency Service, said:

All the evidence pointed to Andrew Marsden orchestrating the scheme and he clearly controlled all the companies he colluded with to raise millions of pounds worth of false invoices.

His substantial ban will protect other creditors from suffering losses and improve standards in the marketplace. It should also act as a deterrent to others who may be tempted to misuse invoice finance facilities in order to secure illegitimate funds.

Notes to editors

David Andrew Marsden is from Exeter and his date of birth is July 1954.

First Capital Factors Limited (Company Reg no. 07011294) was incorporated in September 2009.

On 18 September 2018, the Secretary of State accepted a disqualification undertaking from David Andrew Marsden, after he admitted acting in collusion with certain client entities to defraud a back to back receivables finance provider.

The fraud was principally conducted by instructing the colluding FCF clients to raise invoices which could be notified to the Back to Back Receivables Finance provider and against which an advance could be requested. As a result, FCF had access to funds in the sum of at least £4,281,000 to which it was not entitled, which can be attributed to funds advanced against the false invoices raised under the direction of Mr Marsden.

His ban is effective from 9 October 2018 and lasts for 10 years.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

• act as a director of a company
• take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
• be a receiver of a company’s property

Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.

Persons subject to a disqualification order are bound by a range of other restrictions.

The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

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