In the last Action 2000 report before the turn of the year, unveiled at the National Infrastructure Forum, the government's millennium watchdog said 98% of businesses in the financial sector have reported a 'blue' rating, Blue, the highest rating awarded by Action 2000, meanst 'no risk of material disruption has been found.' Michael Foot, managing director of financial supervision at the FSA, said he was confident the remaining 2% would be fully compliant by mid November.'We are confident any remaining problems are manageable and will be resolved in good time,' he added.The Inland Revenue and Customs & Excise were also given the blue rating.Nick Montagu, chairman of the Revenue, said: 'Taxpayers, employers and their advisers can be confident the Inland Revenue is prepared to cope with the millennium date change. 'In fact the Inland Revenue has been coping with Year 2000 dates since the start of the tax Year 1999/2000 in April.'However Action 2000 chairman Cruickshank warned that services which rely on millennium compliance efforts outside the UK, including the transport and finance industries 'should continue to monitor the readiness of, and collaborate with their international partners.'
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