Friday 8 March 2013

Bankers and the top rate tax cut - another update

OK, as I thought it looks like there was a bit of expectations management around Barclays. It actually has 428 employees earning £1m+, not 600.

So adding that to the HSBC figure we get 632 £1m+ employees across those two banks. RBS figure is rumoured to be around 200, UPDATE: according to the Guardian's Jill Treanor the RBS total is 92,
so Lloyds and Standard Chartered might push the total over 1,000 for all the UK-listed banks.

Of course not all these will be UK taxpayers, though.

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