§ Mr. Tim Smith
asked the Chancellor of the Exchequer what has been the outcome of Her Majesty's Customs and Excise investigations at Johnson Matthey Bankers.
§ Mr. Brooke
Her Majesty's Customs and Excise have completed their inquiries at Johnson Matthey Bankers in connection with possible VAT offences in relation to gold bullion. I am informed by the commissioners that there are no grounds for prosecuting Johnson Matthey Bankers or any of its employees.