Bankers are like the boy who cried wolf
Bankers are up in arms about the one off tax on bonuses, but they still don’t get it. They have no divine right to giant bonuses every year. The Chancellor’s proposal today is at the modest end of what he could have done, and is only a single one-off tax.
Bankers would be well advised to stop complaining and spend today instead reading what happened to the boy who cried wolf.
Robert Peston has an interesting take on the bonus tax. He clearly thinks it is a clever move.