windfall tax

Some sort of windfall tax may well be a justifiable part of any government plans to attack our deficit problems, but it should not be given the prominence that it is likely to receive this week.

Alistair Darling is considering hitting bankers with a windfall tax on their bonuses, it has been reported. The Chancellor was said to be keen on the idea, which will dismay the City but appeal to taxpayers who are angry at bonus payments expected to reach £6 billion this year.