Comment: Taxing times for the banks

By now, it doesn't matter much whether there is going to be a tax on bonuses, a tax on banks or a tax to make it hard for banks to pay them.

By declaring war on bankers, ahead of Wednesday's Pre-Budget Report, Chancellor Alistair Darling is only making it less likely that UK taxpayers will get a quick return on the billions pumped into the banking system over the last two years.

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