Who said this?: For all the clever innovation in the financial system, its Achilles heel was, and remains, simply the extraordinary — indeed absurd —
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The bank levy: surely this is targeting the wrong thing?
The government has published legislation for the new thank you levy. They say it will raise £2.5 billion a year – curiously, a figure lower
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King: wholly inequitable, not sober
I note Mervyn King has promised us a ‘S.O.B.E.R.’ decade of savings, orderly budgets and equitable rebalancing. He’s deluded. What is equitable about 500,000 public
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The £19 billion tax subsidy for banks
The report I have written for the TUC on the corporate tax gap, published today, highlights three key issues. The first, and the headline maker
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Banks: double subsidised when the rest of us must feel the pain
As the TUC and many papers report this morning: Despite being rescued by taxpayers during the crash, UK banks will avoid paying £19 billion of
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Have the bankers left? Of course not!
There is hardly a day goes by when we do not hear a story about someone who is threatening to leave the UK because of
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If UBS doesn’t prosecute its bankers Switzerland is corrupt
The FT reports: UBS has tried to draw a line under its upheavals during the global credit crisis, acknowledging serious errors but declining again to
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PIGS, brought down irrationally
As the FT notes: Investors in eurozone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt
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British banks, dirty money
A new report from Global Witness, a coordinating committee member of the Task Force on Financial Integrity & Economic Development of which Tax Research UK
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