Business quote of the day: “It is a game of cat and mouse and HMRC is losing”

Margaret Hodge advocates naming and shaming of tax avoiders.

“It is a game of cat and mouse and HMRC is losing”

Margaret Hodge, chair of the Public Accounts Committee, says the UK tax authorities should name and shame those who sell or buy tax avoidance schemes as the Committee published a report criticising the abilities of HMRC.

Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.