Back in the trough: Barclays, HSBC, RBS and Lloyds. Fit for the slaughterhouse the lot of 'em.
Yep, having been bailed out the banks to the tune of 85 BILLION QUID (see previous post http://tiny.cc/owsvk), and having got us into this mess in the first place, more details have today emerged of the much anticipated bank levy. Turns out the banks will incur a derisory tax of £1.15bn next year, rising to £2.5bn in 2014 – that’s peaking out at the same amount that the government clawed back from Child Benefit.
Worse, likelihood is that the big banks will actually be better off because of favourable changes to corporation tax.
Worse still, certain bankers have the audacity to complain that taking capital out of the banks will damage the recovery.
Worse worse still, the banks continue to make it difficult for borrowers, while the bankers themselves are back in the trough awarding themselves record bonuses.
Expletives fail me.
http://www.guardian.co.uk/business/2010/oct/21/bank-levy-what-the-experts-say