City bankers complain 50 pc tax rate penalises them for reckless gambling ‘as if it’s a bad thing’

‘Why do we have to pay extra taxes because of our reckless gambling?’ asked a furious a city worker yesterday. It’s almost as if we’re being punished for reckless speculation, he argued.

City sources say feelings are running high, and some form of industrial action may take place. A go slow on insane risk taking has been mooted in some quarters. Rumours have emerged of a work to rule – where workers stick to the letter of financial regulations. ‘We might even emigrate – then you’ll be sorry,’ said one options trader. 



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Posted: Apr 30th, 2009 by

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