Banks get the begging bowl out for small business lending fund
A group of six of our most prominent high street banks have got the begging bowl out again and headed for the Treasury, reports Ben Fox.
City
City bonuses set to rise following withdrawal of payroll tax
A new study has shown that Alistair Darling’s ‘bankers’ bonus tax’ reduced the amount paid out in City bonuses, reports Left Foot Forward’s Claire French.
Cross-party support for curbs on City excess
A YouGov poll commissioned by Compass, “shows huge majorities want action on high pay.” Although attitudes are broadly similar across social class and party allegiance, “Thatcher’s children” – those born since 1975 – are less likely to support new taxes on the bonuses.
Osborne City plan links to Tory backers revealed
George Osborne’s widely-trailed plans to abolish the Financial Services Authority, unveiled yesterday, appear to pose more questions than they answer. The proposals – to disband the FSA and transfer its powers to the Bank of England and a new quangotest