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HMRC chief executive Lin Homer to stand down in April

Lin Homer will stand down as HMRC chief executive after four years. Credit: PA

The head of HMRC, who faced criticism for her handling of tax-dodgers, is quitting her post, the Government has announced.

Lin Homer will stand down as HM Revenue and Customs chief executive after four years in the role.

Ms Homer, who was made a Dame in the New Year's Honours list, came under fire from MPs last year for her handling of tax-dodgers.

She said it had been a "privilege" to work for HMRC.

Chancellor George Osborne said Ms Homer "made a real contribution to public service modernisation and transformation".

Trading in China suspended after shares plunge 7%

Trading in China's leading share index has been suspended early after a dramatic 7% fall on the first trading day of 2016.

An investor in Beijing takes a nap in front of an electronic board showing stock information on the day the markets were shut early. Credit: Reuters

An initial 5% fall on the Shanghai Composite Index - the benchmark for Chinese markets - led to a 15-minute break in trading but the resumption saw a further slump.

The day's trading was ended 90 minutes early after the stock market fell 7%, triggering a new "circuit breaker" suspension mechanism, which was introduced to ward against volatility in the market.

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