Alistair Darling on Wednesday urged bankers to demonstrate they “live on the same planet as the rest of us” by curbing bonuses. Defending his new 50% bonus supertax, the chancellor said his aim was to change banks’ behaviour rather than raise revenue. He spoke as France outlined its plan to follow Britain’s one-off tax, although Paris has adopted a narrower definition of the bankers covered by the bonus levy above €27,500 (£24,500). Darling’s estimate that the tax would raise £550m is likely to be surpassed given that many banks have indicated they will reward their traders regardless.

This entry was posted by Gwen Robinson on Thursday, December 17th, 2009 at 5:01 and is featured in The 6am Cut London (17 Dec 2009) . Tagged with Alistair Darling, bonus tax. Edit this entry.