Teignbridge MP welcomes Chancellor’s announcement of windfall tax on bankers after condemning Government for lack of action

Earlier this year Teignbridge MP Richard Younger-Ross condemned the return of the bonus culture, strongly criticising the Government for not tackling the problem head on. Now he has welcomed news that a windfall tax on bankers will be announced in the Pre Budget Report tomorrow (Wednesday, December 8).

Richard said: “Public anger over bankers’ pay will not go away and the Government have sat back and let it rumble on. At last, however, they are now heeding my calls and formulating plans for a windfall tax on banker’s bumper bonuses. It’s been a long time coming but I welcome the news.”

In July the MP called for rigorous control of the bonus culture and tabled an early day motion urging the Government to limit bonus payments to bankers by applying a 90% tax on all bonus payments in excess of 15% of salary.

(from a press release from Richard Younger-Ross’s office)

• About
• Latest Posts

the Devon Week

The Devon Week is the name for our Staff Writers here at the Devon Week. If you'd like to become a staff, or named, writer drop us a line. The Devon Week is part of News and Media Republic, a not-for-profit social enterprise, which aims to encourage debate and engagement in the political, social and creative life of the region

Latest posts by the Devon Week (see all)

• Culture coups and opening up | 5 things in Devon - June 5, 2021
• Pub Style: The best ways to accessorise for an evening at the pub - May 19, 2021
• Submissions and commissions | Creative Devon - May 7, 2021