TaxCorporate TaxBudget 2010: £2bn payroll tax made twice as much as predicted

Budget 2010: £2bn payroll tax made twice as much as predicted

Darling says hit on bankers excessive bonus culture made £2bn

Alistair Darling has said the tax on bankers bonuses raised £2bn, twice as
much as expected.

The Chancellor said the UK was right to clamp down on the excessive bonuses
that the banking sector commanded.

He also said the Treasury had received a total of £8bn in fees and charges
from the banking sector after bailing out the banking system.

“Imporoved global financial regulation [of the banking sector] must be the
priority,” he added.

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