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'Super tax' on bank bonuses: After fury over huge payouts, Alistair Darling to target City fat cats

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Bankers are to face a new 'super-tax' on their bonuses. Chancellor Alistair Darling is preparing the plan to appease public anger over sky-high City pay. Thousands of executives are expecting huge bonuses just 18 months after helping bring the economy to its knees. Government sources confirmed that options for Wednesday's Pre-Budget Report include a levy on bankers who receive bonuses over a certain level. City insiders said they were braced for a 60 per cent super-tax rate and predicted an exodus of high earners from Britain. Another possibility is an increase in the employer's National Insurance charge on banks that pay big bonuses. In other developments in a make-or-break week for Labour:

 

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Pre-Budget Report: 'Super tax' on bank bonuses as Alistair Darling to target City fat cats | Mail Online


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