UK Finance News

The new UK coalition government announced today that it would focus on reducing the record deficit running at 11% GDP as a priority during their elected term.
“The deficit reduction programme takes precedence over any of the other measures in this agreement, and the speed of implementation of any measures that have a cost to the [...]

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A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

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France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]

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Despite their differences of opinion on financial regulation, British PM Gordon Brown and French President Nicolas Sarkozy have united in an article published in the Wall Street Journal today, calling for a level playing field for taxing bonuses and restricting pay across the world.
In what is seen as an open attempt to lure US President [...]

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The shadow chancellor George Osborne was greeted with howls of derision today as he called upon the UK’s high street banks to clampdown on big bonuses and instead to make the cash available to businesses to help people keep their jobs.
Osborne said he was talking about “emergency measures this Christmas” when he made the statement, [...]

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