LankyAnglican (Free subscription) | yesterday
The BBC's Business Editor, Robert Peston , has been almost ubiquitous on the BBC airwaves since the beginning of the 'financial crisis'. He went a bit quiet after the return of Stephanie Flanders * from maternity leave, and I breathed a big sigh of relief. But he was on the Today Programme this morning, and I felt the need to post! As a regular Today Programme listener, I have become...
John Moss's Blog (Free subscription) | yesterday
This post from Robert Peston is just so wrong on so many levels. This is not just speculation about what might be in the PBR from a well-connected journalist. This is specific detail on how the law will change and who will be affected. This is so out of line with the rules that Parliament is supposed to operate by and really is a quite serious breach of constitutional protocol. It may...
Paul Owen (Free subscription) | 12/03/2009
According to the BBC's Robert Peston , the board of RBS has been given legal advice that it would be incumbent upon them to quit if the government vetoed the proposed £1.5 billion in bonuses currently being proposed to reward the bank's investment banking section, that's the same section that is currently at risk if losing a few more billion in the hole in the desert that is Dubai....
Business Pundit (Free subscription) | yesterday
... said that the bonus tax could dissuade overseas investors from doing business in the UK. The BBC’s Robert Peston writes that hundreds of banks will be affected: The tax will hit British banks as well as overseas banks with subsidiaries or branches in London. It means that banks from Britain’s Barclays, through France’s BNP Paribas, to Goldman Sachs of the US will all be affected....
BBC News (Free subscription) | 12/06/2009
The Treasury is considering a windfall tax on British-based banks, BBC business editor Robert Peston has learned.
Constantly Furious (Free subscription) | 12/07/2009
Oh Darling, what are you talking about? According to the excitable BBC, Alastair Darling is considering whacking those eeeeevil Banks and those greeeeedy Bankers with additional taxes. BBC Business Editor Robert Peston has had his little tummy tickled, and he thinks this is a simply marvellous idea: "..taxing bankers rather than banks would not weaken the banks and could raise several...
Social Europe Blog (Free subscription) | 12/06/2009
The BBC’s Business Editor Robert Peston has announced on his blog that the UK Treasury plans a windfall tax on banks, most likely to be announced next Wednesday in the Pre-Budget Report. Even though the details are not decided yet the reasoning for the one-off tax, that is likely to target bonus payments, is clear: “It [...]
UK Libertarian Party (Free subscription) | 12/07/2009
... A scheme could be unveiled in Alistair Darling's pre-Budget report this week. BBC business editor Robert Peston said taxing bankers rather than banks would not weaken the banks and could raise several hundred million pounds. Awesome, absolutely awesome, isn't it... Our Government's big plan to prevent fiscal meltdown is to steal some petty cash from the bankers. And to cut the spending...
Iain Dale's Diary (Free subscription) | 12/06/2009
Is there a single more irritating phrase on British Television than "The BBC has learned..."? It's trotted out time after time on stories which are not BBC exclusives. Take this tweet from BBC News The Treasury is considering a windfall tax on British-based banks, BBC business editor Robert Peston has learned.. http://bit.ly/5Vg3YO The phrase is repeated on the BBC website HERE...
Next Left (Free subscription) | 12/07/2009
So reports the BBC's Robert Peston : What the Chancellor has in mind - and what may be announced in Wednesday's pre-budget report - is not a classic windfall tax, which would be levied on banks' profits. Instead it would be a super-tax on bonuses over a certain level paid to British based investment bankers. I am not sure how brilliantly clever it is for senior Conservatives to brief...
SNP Tactical Voting (Free subscription) | 12/06/2009
... into the liability when it was RBS, HBOS and Lloyds who got us into this mess? (According to Robert Peston it will; and so will foreign banks with operations in the UK. I would expect a very strong opposition to this from those camps) I'm all for superprofits being hit with supertaxes but it has to be across the board. We can't strangle RBS and Lloyds before they can walk for themselves...
Why Now? (Free subscription) | 12/07/2009
... of natural disaster, rather than the result of the unvarnished greed of the financial sector. As Robert Peston notes the attitude on the other side of the pond is quite different: However, several ministers and officials have told me that the goverment is determined to extract revenue from banks for taxpayers and simultaneously prevent the banks from awarding substantial bonuses to...
John Moss's Blog (Free subscription) | 12/04/2009
... had and were relying on short-term finance which of course dried up that month. I will leave it to Robert Peston to sum it up. "It would be staggering if the Treasury wasn't aware of this, very worrying indeed." Indeed!
Love and Garbage (Free subscription) | 12/03/2009
Robert Peston reported last night that the directors of the Royal Bank of Scotland are threatening to resign en masse if they are not permitted to pay bonuses to the investment banking arm of RBS, as has been threatened by government statements earlier this year. What is surprising is that this has been viewed with shock and astonishment. It was always misleading to suggest that bonuses...
Liberal Burblings (Free subscription) | 12/02/2009
Oh dear….and that’s from the immaculately reliable Robert Peston. One is reminded of a well-known riposte from a certain Mr Harry Callahan: “Go ahead, make my day”. photo credit: Smeerch
