Alistair Darling, chancellor, is preparing a crackdown on “extraordinarily high” bankers’ bonuses when he makes his pre-Budget report on Wednesday, but is expected to reject a windfall tax on bank profits. The chancellor is understood to have ruled out changes to stop banks offsetting past losses against tax, also on the grounds that it would weaken the capital position of banks, the FT said.

This entry was posted by Stacy-Marie Ishmael on Monday, December 7th, 2009 at 4:00 and is filed under Capital markets, People. Tagged with Alistair Darling, Banks, bonuses, executive pay, UK. Edit this entry.