By Richard Johnstone | 23 April 2014
The chair of the Public Works Loan Board has stepped down after it was revealed that he had not declared a bankruptcy when he was being appointed to the role.
Tony Caplin had been a commissioner on the PWLB, which makes loans to local authorities, since 2003. He was appointed as the chair of the board, part of the Treasury’s Debt Management Office, by Prime Minister David Cameron in 2013.
However, the Mail on Sunday revealed that he had been made bankrupt in 2012.
A government spokesman said that, under Whitehall rules on appointments to public bodies, Caplin should have declared he was bankrupt. When this was pointed out to him, he resigned.
Caplin has also stepped down as a member of Medical Research Council following the revelations.
