Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Rods2]

In the tax year 2011/12, the financial services industries paid £63bn in tax in the UK. This is about 10% of all tax raised. So the next time the UK population are bashing the banks and the liability they are and how the bailout has crippled the country. The cost to the bank bailouts was £83bn, which has now been reduced to in the region of £40bn, where RBS and Lloyds have been paying money back to the government. So at its peak the bailout cost 15 months of tax the financial services contribute to the Exchequer, which is now reduced to 8 months tax they contribute every year.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9754995/Taxes-paid-by-UK-financial-services.html

Where would the UK economy now be without this important UK industry and the people they employ?

Yes, there have been regularity failures and the banks have done inexcusable things because they could get away with it, which has been very wrong, but we need this industry. They banking sector of the financial services industry does need to be reformed with a much stronger BOE regulation framework.

[STMO123]

As I said the other day, most people don't feel emnity towards the banks, just the fat cats who ran them.
There's no getting away from the sharp practices they used, and are still using, to deprive Joe Soap of his hard-earned. The money that they pay in tax started off in someone else's pocket.