Parliamentary Search

Proceeding contribution from Andrew Pelling (Independent (affiliation)) in the House of Commons on Wednesday, 9 December 2009. It occurred during Ministerial statement on Pre-Budget Report.

Pre-Budget Report

As politicians are to blame, like bankers, perhaps the top 25 per cent. of our salaries should also be taxed at 90 per cent. However, the Chancellor mentioned in his speech a £550 million yield from the special tax levy, which is the equivalent of £1.1 billion in paid bonuses. Is he implying that the measure is a ban on bonuses? Otherwise, bankers will either redefine themselves as working for hedge funds or non-bank banks, or domicile themselves outside the UK to receive such bonuses.

Secondary information

Type
Proceeding contribution
Reference
502 c386 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
Bank services Banks Income tax Financial institutions Fiscal policy Economic situation Economic policy Economic growth Inflation Forecasts Pensions National insurance contributions Public sector net cash requirement Young people Unemployment benefits Tax allowances Taxation Unemployment Retail prices index Economic recession World economy Pre-Budget report 2009
Link
View this Proceeding contribution on www.publications.parliament.uk