Tax yield from bankers' bonuses will top £2bn | Business | guardian.co.uk .
If we'd have listened to the economists from the right we'd not have done this.
If we'd have believed the evidence it would only have collected one quarter or less of the sum now expected to be recovered.
Judgement has to over-rule economists and forecasts on occasion: that's the moral of this.
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Alistair Darling only predicted £550m…does that make him a bad economist?
Bank error in his favour I think it is called
Better than the £billion that would have been payable on the £20 billion of bonuses paid in 2006:
http://www.guardian.co.uk/business/2006/aug/17/executivesalaries.executivepay1
Probably not.