I wrote here a few days ago about Mapeley’s falling share price. The company came to public attention several years ago when it bought hundreds of HMRC buildings in a deal which was controversial because the group was based offshore.

This month the government announced it would close more than 90 tax offices. 

Here is the latest update on the situation - and how it could impact Mapeley - from the Guardian’s David Hencke. The story is entirely confirmed by the department.

The pertinent quote is this: “HMRC benefit from having a very flexible contract with Mapeley…for roughly 80 per cent of its estate across the country. Any risk relating to the property we vacate will rest with our PFI landlord.”

December 11, 2008 5:43pm in UK politics | Comment