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British Treasury Targets Banks to Increase Tax Revenue

New York Times Original article ›

Keywords:


Britain's banks 2010-2014

09/13/2011

Grouped Articles

Osborne Promises More Regulatory Powers to Split Up British Banks

New York Times 02/04/2013

British Treasury Targets Banks to Increase Tax Revenue

New York Times 12/04/2014

U.K. Banks Face Costly Overhaul

Wall Street Journal 09/13/2011

ICB Takes Shot at Bank-Heavy Britain

Wall Street Journal 09/13/2011

Banks Build Contingencies for Euro Zone Breakup

New York Times 11/25/2011

Britain Backs Banking Overhaul

New York Times 12/20/2011

Credibility of elites tested in the decade following the financial crisis of 2008-2009- falling incomes in the U.S. and high unemployment in Europe, and disaffection in local regions such as Scotland

09/20/2014

Policies of Gordon Brown and Alistair Darling in a Labor government increased the role of the financial sector in the British economy and the part played by London as financial capital, only to lead to a near collapse of the banks in the financial crisis of 2008-2009. Brown and Darling are both Scots who failed to see the effects on regions in Britain such as Scotland, already affected by deindustrialization under the Conservative Thatcher government, and now hit by the repercussions of the financial crisis under first Labor and then austerity Conservative government of David Cameron. Irwin faults the elites for failing to grasp the effects of their policies on average working people, the risks involved in an overblown speculative financial sector, and only waking up with the elections for the European parliament and tense moments before the referendum in Scotland.

Grouped Articles

In Scotland and Beyond, a Crisis of Faith in the Global Elite

New York Times 09/20/2014

The world economy: Wealth without workers, workers without wealth

Economist 10/06/2014

How Righteousness Killed the World Economy

New York Times 10/12/2014

Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’

Wall Street Journal 10/14/2014

Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post

Washington Post 10/24/2014

British Treasury Targets Banks to Increase Tax Revenue

New York Times 12/04/2014

Treasury chief Osborne's difficult task reducing Britain's deficit and balancing the budget- 2010-2015

12/04/2014

The hope in the 2010 budget presented by George Osborne was for Britain to have a balanced budget by 2015. The budget deficit is now forecast at 5% at the end of the fiscal year 2015 because of lower tax receipts. The Office of Budget Responsibility forecast is for a balanced budget in 2019 or in subsequent years if productivity remains low.

Grouped Articles

Tough Slog to Balancing U.K.’s Budget

Wall Street Journal 12/04/2014

U.K. Plans New Taxes on Banks, Multinationals

Wall Street Journal 12/04/2014

Overheard: A U.K. Gut Punch

Wall Street Journal 12/04/2014

British Treasury Targets Banks to Increase Tax Revenue

New York Times 12/04/2014


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