LONDON - The British government announced a one-time tax on bankers' bonuses as it laid out plans for the country's ravaged economy ahead of a looming general election. Treasury chief Alistair Darling said Wednesday it was payback time for banks tha
Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.The first £25,000 of bonuses will be ex
LONDON - The government announced its intention on Wednesday to apply a one-off 50-percent tax on bankers' bonuses over 25,000 pounds to claw back half a billion pounds of state money spent on rescuing ailing lenders. Chancellor of the Exchequer Al
The chancellor will levy a one-off tax on the billions of pounds set aside by banks to pay bonuses in his pre-Budget report in an attempt to highlight the government’s tough response to public anger over bankers’ remuneration.Instead of legislating
Northern Ireland Office staff received performance payments of almost £600,000 in 2008-09, it has been revealed.In a Commons written reply, NIO Minister Paul Goggins told Liberal Democrat Treasury spokesman Vince Cable the largest bonus award
MPs have criticised bonuses totalling £295,000 paid to UK Border Agency officials last year, saying it was still clearly under-performing.UK Border Agency documents show a raft of cases where there is no formal record of applicants having le
LONDON - The government is considering slapping a supertax on bankers' bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said Monday. Chancellor of the Exchequer Alistair Darling is mulling the le
LONDON - The government is considering slapping a supertax on bankers' bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said Monday. Chancellor of the Exchequer Alistair Darling is mulling the le
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