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UK hits bankers with one time 50% bonus tax



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Good. The bankers are screaming that the world is going to end, but nobody really cares any more. In fact, let them go to Dubai where their kitch Palm Island is sinking along with the economy. Go for it and no need to send a postcard because nobody cares.

Britain's Labour government slapped a one-off levy on bank bonuses on Wednesday and said it would hike income tax for all but the poorest in 2011, delaying action to tackle a record deficit until after an election it is expected to lose.

Despite warnings by ratings agencies that debt has to be reined in, finance minister Alistair Darling revised up his borrowing forecast for this year to a record 177.6 billion pounds ($290 billion) or 12.6 percent of GDP, from 175 billion.


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