banking crisis

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Some bad news over breakfast for City bankers
Osborne’s £800m raid hits banks

By Alex Stevenson and Ian Dunt The City’s bankers found themselves £800 million worse off this morning after chancellor George Osborne unexpectedly hiked taxes. The bank levy, a permanent annual tax rather than a windfall levy, was originally being phased in to the full 0.075% rate. This morning Mr Osborne scrapped the incremental rate with… Read more »

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George Osborne was accompanied by Vince Cable in the meeting
Govt unity questioned in delayed bank talks

By Peter Wozniak A ministerial meeting with Britain’s biggest banks has been overshadowed by the stormcloud hanging over the business secretary. The talks were postponed yesterday when the chancellor was stuck in New York after he became a victim of the adverse weather conditions disrupting air travel. Debate over the Christmas round of bank bonuses… Read more »