While he appears to concede that the supertax
on banker bonuses has failed, he does not seem unduly alarmed.
Ditching the modest rise of the minimum wage, the freeze on energy prices or the tax
on banker bonuses on the other hand might deprive the party of the few policies that are actually popular with voters.
The others were the über - Blairites, who support immigration and Europe but who would like Miliband to ditch what they perceive to be anti-business policies on the minimum wage, energy companies, taxes
on banker bonuses and their mansions.
The chancellor, in a speech to the Federation of Small Businesses (FSB) last night, defended the free - market against what he sees as an anti-business culture created by the debate
on banker bonuses
- not giving the banks a tax cut, but putting a tax
on bankers bonuses to get young people back to work;
Howie Hawkins, the Green Party candidate, has laid out how he would raise $ 34 billion: stop rebating $ 16 billion annually to Wall St. speculators from the stock transfer tax; raise $ 8 billion, and give 95 % of us a tax cut, by going back to the state tax system of 30 years ago; and raise $ 10 billion by a 50 % tax
on bankers bonuses after we gave them trillions of dollars in bail out.
Not exact matches
Today's must - read story is by Fortune's Claire Zillman
on why
bankers are likely to get smaller
bonuses this year, the first drop in four years.
CEO Vikram Pandit Kenneth Lewis Company Going Against Him Slow to cut costs, snowballing losses, spins all results positively, voracious consumer of taxpayer funds Bad acquisition of Countrywide, worse deal for Merrill,
bonus scandal, gorged
on i -
bankers at peak of market Going For Him Engineering background, Suaveness.
Maybe not this year or next, but when the next financial crisis in banking happens this next time it will be
on a far worse scale and impact to the people and the
bankers will still get their
bonus's, stock options and buy more airplanes.
Our changes will split up the big banks so that in future
bankers can not gamble and gorge themselves
on fat
bonuses on the back of a taxpayer guarantee.
The Labour leader, who faces a near - impossible balancing act whenever trade union demonstrations take place, refused to go
on the march but gave an address at the end of it in which he promised to tax
bankers»
bonuses, build 100,000 houses and end the privatisation of the NHS.
John Rentoul, chief political commentator for The Independent
on Sunday, writes that «the tax
on bankers»
bonuses was the final act of self - destruction» for the Labour Party, and that «Brown's reversion to class - war politics has compounded his error.
Conservatives have declared a new class war, but it's not
on bankers earning seven - figure
bonuses.
It has allowed the
bankers to get away with extravagant
bonuses and yet is turning
on the poorest and most vulnerable.
That, or a raid
on the
bankers»
bonuses.
Shadow chancellor Alan Johnson commented
on the cancelled meeting: «It's no wonder the meeting
on bankers»
bonuses has been called off - all the Tory - led government has to offer is hot air.
Even his most conspicuous successes: the attack
on Rupert Murdoch
on phone hacking, his stance
on bankers»
bonuses and his opposition to intervention in Syria in 2013 earned praise from the parliamentary party and broad respect in the media, but did little to rehabilitate his rather pathetic public persona.
«If you don't move with it, we end up being ideologically beached — defending
bankers»
bonuses, saying you can't have a top rate of tax
on earnings above # 150,000 and a living wage.
«You can't trust the Conservatives when they don't want to clamp down
on the
bonuses of greedy
bankers.
Ed Miliband is pursuing a dodgy but popular attack
on bankers»
bonuses today, so expect that to come up.
Having bashed the
bankers round the head with a whopping 50 per cent tax
on all
bonuses over # 25,000, he was finally turning his ire to the Tories.
If new international rules
on bankers»
bonuses don't work the Tories reserve the right to take further action, including using the tax system.
There's George Osborne tottering off to Europe to try to stop a restriction
on bankers»
bonuses.
And so far in this campaign, Miliband has distanced himself from New Labour by adopting a series of left - wing policies: abolishing charitable status for private schools; extending the tax
on bankers»
bonuses; supporting the introduction of a mansion tax
on # 2m houses and a so - called Robin Hood tax
on financial transactions.
Ed Miliband's party will promise to fund the package via a tax
on bankers»
bonuses and high - earners» pensions in its 2015 manifesto.
The
bonus was that the coalition has a five - year plan too — one to eliminate the structural budget deficit (at least
on paper) bequeathed by the
bankers bust or, in coalition - speak, by New Labour.
Barber also came out in support of Darling's «super-tax»
on bankers»
bonuses.
That's why Labour acted to introduce the levy
on bankers»
bonuses.»
Director general Richard Lambert said: «A headline - grabbing tax
on bankers»
bonuses may have populist appeal, but the government needs to take care not to put the UK's financial services sector at a comparative disadvantage internationally.»
Returning to the campaign trail after a short holiday in Cornwall, Miliband has pledged to keep the
bonus tax
on bankers indefinitely alongside the new rate of 50p for high earners with salaries
on or above # 150,000 — something that was only ever meant to be temporary when it was introduced.
In advance of the Budget, the opposition called for a cut in VAT and a one - off tax
on bankers»
bonuses to fund youth job schemes and affordable house building.
The one - off tax
on bankers»
bonuses has raised # 2bn, which is twice as much as the Treasury had originally forecast.
The leader of the opposition still favours righteous anger as his line of attack, berating the prime minister for ideologically motivated spending cuts and a failure to clamp down
on bankers»
bonuses.
Courtesy of the taxpayer, corporations are sitting
on $ 2 trillion in cash and
bankers and hedge - fund managers are getting big
bonuses.
Millions of hours of manpower put in by investment
bankers on Wall Street and the lawyers who enabled them — the kind that brought home those bright shiny
bonuses that are now causing a populist uprising in the hinterlands — have been wasted away by what is kindly called the credit crisis.
In the unusual
bonus claim case of Herbert v JP Morgan (2012), he successfully defended the investment bank against a High Court, Queen's Bench Division claim by an
banker for a
bonus based
on an alleged negligent misrepresentation during the recruitment process.
Essex Court Chamber's Andrew Hochhauser QC and David Craig, instructed as counsel by Mark Levine and Daniel Naftalin, of Mishcon de Reya, representing 21 former Dresdner Kleinwort
bankers, were celebrating a significant victory after the Court of Appeal granted permission to challenge Commerzbank in a dispute over
bonuses on Tuesday (8 March 2011).
Representing a number of former Dresdner Kleinwort
bankers, who won their battle
on first instance [2012] EWHC 1189 and
on appeal [2013] EWCA Civ 394 to force Dresdner Kleinwort to pay out
bonuses promised to its investment
bankers prior to its takeover by Commerzbank in 2008;
Lois Rogers has experience in representing
bankers and has written for Family Law Week
on bonuses and family law, whilst Sophie Cantillon also has extensive experience representing financial professionals.
In this edition, we look at the long - awaited Seldon decision
on compulsory retirement age, the outcome of the
bonus claim brought by 104
bankers against Commerzbank and the employ Read more...
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Bonuses This Year for Some Wall Street
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