Student loans chief Ed Lester to stand down
Friday 25 May 2012
Student Loans Company head Ed Lester will stand down when his
contract expires next year in the wake of controversy over his tax
Mr Lester was paid through a company in order legally to reduce his liability for tax until ministers intervened in February this year.
The Student Loans Company said his contract expires at the end of January next year and work had begun to recruit his replacement.
A Student Loans Company spokeswoman said: "Ed Lester's two-year contract ends on January 31 2013.
"The process to recruit his replacement is under way now to ensure that there is a smooth handover in the change of leadership at the Student Loans Company."
The arrangement for Mr Lester's pay was disclosed in an HM Revenue and Customs (HMRC) letter obtained under the Freedom of Information Act by Exaro News and BBC Newsnight.
Following the revelations in February, Treasury Chief Secretary Danny Alexander said the way in which Mr Lester received his £182,000 salary would be changed and launched a review of similar arrangements across Whitehall.
The review identified more than 2,400 cases of public sector staff being employed indirectly - some potentially avoiding full income tax for a decade or more.
Since January, 350 such contracts have been ended and tighter rules have now been introduced.
Yesterday Mr Alexander said everyone in the public sector "should be on the payroll and paying the correct amount of tax".
Look beyond the usual shows for the best festive telly
Geoffrey Macnab does not like the comedian's big screen debut
The battle for control of Stieg Larsson's £30m legacy
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
Ten best places to live in the UK: Hart in Hampshire takes top spot
Winter Solstice marks shortest day of the year
Burglar steals video tapes of child abuse, hands them into police
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
Tom Daley ‘is gay because his father died’ says UK evangelist
Iain Duncan Smith leaves Commons food banks debate early
David Cameron takes his biggest gamble yet as he gets tough on Europe over immigration
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Anachronistic and iniquitous, grammar schools are a blot on the British education system
Scientists ‘incredibly concerned’ for fate of banana as plagues and fungus infections spread across world’s supplies
- 1 Tim Sherwood challenges Daniel Levy to set out vision for Tottenham Hotspur’s future
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 #Teamnigella: It’s the only side to be on
- 5 Christmas comes early: Justin Bieber is 'retiring from music'
- < Previous
- Next >
Negotiable: Capita Education Resourcing Permanent Team: Year 6 Teacher - Gilli...
Negotiable: Capita Education Resourcing Permanent Team: Teacher of English - S...
£59999 - £80001 per annum + Benefits: Pro-Recruitment Group: A Top 10 firm in ...
£50000 - £75000 per annum + benefits + bonus: Harrington Starr: Project Manage...