Sunday, 6 December 2009

Again, from The BBC

Darling warns banks over bonuses
Chancellor Alistair Darling has warned banks that the government will "not be held to ransom" over bonuses.
He played down reports he will hit bankers with a windfall tax on bonuses in Wednesday's pre-Budget report.
He later told The JT: " I want to make it quite clear that if the banks don't make substantial changes to the current bonus culture, then I won't hesitate to warn them again."

A senior source in the banking industry said: " We fully understand why the Chancellor has instituted a rigorous regime of warning us periodically about the bonus culture and we fully intend to carry on as usual."

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