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Banks deserve this!

I have little sympathy for banks who have been dolling out huge bonuses to staff. Over the past 10 years to my knowledge a major high street bank' private banking service held a clint's money in a discretionary plan and each year made numerous changes to equity hodings which earned the bank loads of money. My client got bo monetary benefit from this and after the 10 years saw no increwase at all before the current downturn started! Banks have a lot to answer for so a windfall tax would be some retribution. Another might be to force banks and all investment comapnies to operate a 'profit share' pay structure thereby doing away with 'bonuses' altogether.

Posted by: Derek Vivian, IFA

07 Dec 2009 | 11:06
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Banks slam Budget windfall tax on bonuses

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