Nicola York

Nicola York has left MoneyMarketing

1

Chancellor will not move on bonus tax

Chancellor Alistair Darling has warned banks that he will not water down the 50 per cent tax on bank bonuses despite many banks saying it will lead to an exodus of staff from the City.

 

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LibDems say Tata has Pada “over a barrel”

Liberal Democrat Shadow Secretary of State for Work and Pensions Steve Webb says Tata Consultancy Services has the Personal Accounts Delivery Authority “over a barrel” now that it is the only administrator left in the bidding process for personal accounts.