UK - Government report on private equity to be delayed

The House of Commons' Treasury Select Committee will delay until October recommendations on changes to the governance of the pirvate equity industry in the UK. The House of Commons was originally expected to publish a report before the annual summer recess but the scope of the enquiry is such that more hearings have become necessary. It is expected that the committee will publish its findings prior to the release of the pre-Budget report, which some have speculated could include changes to the tax laws affecting private equity. Chancellor Alistair Darling has given mixed signals on the issue of late.