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GamesIndustry.biz (Free subscription) | 9 hours ago
The Chancellor of the Exchequer, Alistair Darling, has kept quiet on possible tax breaks for the videogames industry in his Pre-Budget Report (PBR), released today. In his 45-minute speech he did make passing reference to a "remarkable record of ideas and innovation" in the UK, and that "to promote growth, we need to invest in the dynamic sectors of the future - in digital,...
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People Daily (Free subscription) | 12/08/2009
Britain's Chancellor of the Exchequer Alistair Darling is considering introducing a tax on bankers' bonuses, it was revealed Monday. Darling, who is Britain's Finance Minister, will publish a pre-budget report on Wednesday. Darling has told his Treasury officials to make plans to target bankers with a windfall tax. This would stem public unrest at the profits banks are making in the wake...
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Banking Times: Daily Banking News (Free subscription) | 12/07/2009
The Chancellor of the Exchequer may impose a windfall tax on bankers whose bonuses exceed a certain level. According to reports, Alistair Darling is considering a one-off levy, details of which could be announced in his pre-budget report on Wednesday. Public outrage over bank bonuses has been heightened by last week’s revelation from the National Audit Office [...]
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The Telegraph (Free subscription) | 12/06/2009
This Wednesday we are once again set to enjoy what will doubtless be a dour presentation of our national finances from Mr Darling, sounding not so much like a Chancellor of the Exchequer as like a bank manager. Come to think of it, given the Government's huge stakes in banks, that is not inappropriate.
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Peston's Picks (Free subscription) | 12/02/2009
The directors of Royal Bank of Scotland have been given legal advice that they would have to resign if the chancellor of the exchequer were to block them from paying the bonuses they regard as essential to maintain the competitiveness of the group. I have learned that they sought this legal advice after the Chancellor, Alistair Darling, insisted last month that the Treasury will...
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24/7 Wall St. (Free subscription) | 9 hours ago
The executives and traders at Goldman Sachs (NYSE:GS) and other successful financial firms in the US had better hope that the American government does not follow UK precedent on collect money from banker bonuses. Alistair Darling, Chancellor of the Exchequer, said that the UK will tax every banker bonus over $41,000 by 50%. According to Bloomberg, [...]
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Independent.ie - European RSS Feed (Free subscription) | 7 hours ago
The pound fell against the euro and the dollar after UK Chancellor of the Exchequer Alistair Darling told parliament the country would borrow more money and cut his 2009 forecast for the economy.
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Market Watch (Free subscription) | 12 hours ago
Investors will be watching closely, but it’s bankers who will be sweating ahead of Chancellor of the Exchequer Alistair Darling’s presentation Wednesday of the British government’s annual pre-budget report.
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US News & World Report (Free subscription) | 5 hours ago
The U.K. Chancellor of the Exchequer today ended swirling uncertainty over plans to tax banking bonuses by giving financial firms the choice of deploying their profits on rebuilding their capital or spending them on staff bonuses and incurring a one-off supertax. Alistair Darling, delivering his pre-Budget report speech this afternoon, said: “This should be a time [...]
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CJR Daily (Free subscription) | 7 hours ago
The big news of the day, by our lights, comes from across the pond, where British regulators continue to outclass their American counterparts by actually bringing some pain to the bankers, rather than quivering in fear of upsetting them. The UK government, led by Chancellor of the Exchequer Alistair Darling, will slap a 50 percent windfall tax on any...
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Wall Street Pit (Free subscription) | 7 hours ago
Are British bankers headed to the pub early today to drown their sorrows? Little doubt, as the Chancellor of the Exchequer Alistair Darling (British equivalent to Treasury Secretary Tim Geithner) announced that year-end bonus pools for British banks will be hit with a one-time, top line tax of...
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DealBook (Free subscription) | 9 hours ago
Britain's chancellor of the Exchequer, Alistair Darling, announced on Wednesday a one-time tax on bank bonuses, a widely expected move.
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The Lichfield Blog (Free subscription) | 42 minutes ago
Lichfield and Burntwood residents have been promised first class front line services, despite Government plans to cut public funding. The pledge comes from Staffordshire County Council Leader Philip Atkins in the wake of the Chancellor of the Exchequer’s pre-budget report which was announced today (December 9). Alistair Darling revealed that public finances were deeper in the red...
