CBI head warns banks over 'toxic' bonuses

Richard Lambert, director-general of the CBI (Confederation of British Industry), urges politicians to avoid levying taxes on banks, as it would eventually be the customer paying these in bank charges.  The reason politicians are levying a tax on banks is to try and avoid continuous payments of high bonuses.

Taxes will be levied once banks grant their bankers too much bonuses, hence why Lambert warned the banks to be cautious about so called ‘toxic bonuses’.  Despite Lambert’s  urge, charges on banks’ balance sheets will soon be implemented by George Osborne, a British Conservative Politician.

Source

Wim Verhoeven