Govt forces pay transparency but not bonus tax on banks
Banks will reveal salary details of their highest paid staff and lend businesses £190bn this year under Project Merlin, but their top earners will not be hit with a bonus tax, the government said today.
In the deal hammered out between ministers and the City, banks will increase lending including £76bn to small firms, and improve transparency around staff pay. HSBC, Barclays, Royal Bank of Scotland...
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