British Government again into real punches either bank robbing banks

 Tie him down by inflation economic recovery

Merlin program is already imposed by the British authorities to the banking sector the second Under the plan, the Ministry of Finance will strictly control the amount of bank executives bonuses, and promptly disclose certain details of the wages of high earners. In addition, the program also force banks to lend to enterprises, whether the monitoring by the Bank of England lending target. Bloomberg analysts said, the UK's biggest state-owned banks Royal Bank of Scotland will become the biggest victims of Merlin program, and its 27% about 9.5 billion pounds of bonuses will be forced to cut, severely reducing the competitiveness of the bank's personnel. HSBC or Barclays Bank at 100 million pounds annual salary of executives can get 25 million pounds in cash, Royal Bank of Scotland Bilaoaide banks and many times more. Analysts believe that, as shareholders of big banks, the British government that this is self-defeating, reducing the burden for banks if the government no longer believed that more banks will choose to flee overseas.

this week, European and American financial institutions will soon celebrate the bonus awards, bonuses on Wall Street executives are still high, but the British bank executives are worried, because the government not only increase the tax to the banking industry, but also repeated measures for the introduction of salary limit, but from time to time to force businesses to grant a loan support, banking has become a veritable British media reported on February 10, in order to support economic development, the British Ministry of Finance under the ruthless killer of the banking industry again, signed Merlin plan on bank loans, wages and bonuses made clearly defined.


2 �� 10 evening, the Bank of England interest rate decision announcement, its benchmark interest rate unchanged at 0.50%, in line with expectations. In addition, the Bank of England also maintain the quantitative easing in the 200 billion pounds the same size. Last December the UK CPI index was as high as 3.7% annual increase, well above the central bank's target level of 2.0% maximum. Minister of Culture in the UK commercial release of Skye Boolean White Paper commitment to help small and medium enterprises to take advantage of niche markets in India and China advantage, the British National Bureau of Statistics February 10 latest data show that last December, the British trade deficit a record 92 billion pounds, significantly reduced the economic recovery hopes.

economic downturn, the Government only to the banking industry British Chancellor of the Exchequer announced Osborne February 9, 2011 will abolish tax discount rate of the banking sector, so that the tax revenues throughout the year increased by 8 billion pounds, the UK banks need to pay the total tax revenue will reach ? 2.5 billion higher than the previous plan of 17 billion pounds. 2013 and 2014, the United Kingdom the tax revenue will increase to 26 billion pounds. Osborne said the tax increase bank bank operating environment to ensure the stability and security, the additional income of 800 million pounds to help the British Government to deal with huge budget deficits.

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