Results tagged “Alistair Darling”

BOOK
On the Brink, Hank Paulson
Headline Business Plus, £18.99
3/5

IN A NUTSHELL
A flurry of names and phone calls, the former US treasury secretary's book is more concerned with reliving the crisis than reviewing it

Speculation that JP Morgan will abandon its move to Canary Wharf because of the bonus tax is incorrect.

The future of the bank's Riverside South headquarters, currently under construction, was reported to be in doubt after a phone call last month between JP Morgan chief executive Jamie Dimon and Alistair Darling.

Chancellor of the Exchequer Alistair Darling was in Canary Wharf this morning and used the opportunity to criticize the return of the bonus culture.

Mr Darling singled out Goldman Sachs, which reported bumper profits last week, saying it sent out the "wrong signals" with huge pay awards.

IT was billed as the financial plan which would help shrink the impact of Britain’s much-feared recession.

But Wharf shoppers and businesses have not flocked to praise the Government’s high-risk plan to kick-start the UK economy.

The Government has announced a 2.5 per cent cut in VAT until the end of 2009 as it moves to combat the effects of recession.

Chancellor Alistair Darling pledged to slash VAT to 15 per cent from next Monday (December 1), reportedly saving consumers around £12.5billion.

PRIME minister Gordon Brown wants to "root out the irresponsible risk taking" in the banking sector after launching a £37billion taxpayer bail-out.

The Government are to pump £20billion into the Royal Bank of Scotland and £17billion into the recently-merged Lloyds TSB and HBOS institution.