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News and views from the business world.

The government will unveil a new Office of Tax Simplification to streamline the UK tax regime. Mike Warburton, a Tax Partner at the accountants Grant Thornton, tells us whether this scheme will in fact further complicate tax matters.

Later, the US Bank Goldman Sachs announces its results for the second quarter of the year. It comes in the middle of accusations that they had a major role in the credit crunch and a $0.5 billion fine from US regulators. We ask Chris Orndorf, chief investment officer at Orndorf Capital Management, how much more legal action we can expect against Goldman Sachs.

Ocado is about to float on the stock market and is expected to start conditionally trading tomorrow, with a full listing on Monday. We talk to Henk Potts from Barclays Wealth and Tim Brookes, former CEO and Chairman of Jessops, who in October 2000 pulled its float two days before it was due to go to market.

British-based airline Flybe has just placed an order worth just over 拢3 billion for 140 new aircraft. This is despite the ash clouds, industrial action and other bad news for the airline industry. Jim French, Chief Executive Officer of Flybe, explains how they have been able to afford such expenditure.