BoE says banks should be taxed over bail-outs - papers

In a speech which sends shivers of concern down bank shareholders' spines, Paul Tucker raised the idea that in the future the Government should be able to "claim back the eventual cost" of a capital injection into stricken banks after the financial crisis is finished. The comments, made in a speech in Tokyo, come amid growing disquiet on both sides of the Atlantic that normal taxpayers are having to bear the burden of a financial collapse which was not their responsibility. In his first major speech since his promotion to deputy Governor responsible for financial stability, Mr Tucker, one...