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Lord Oakeshott has left his Treasury role “by mutual agreement” after criticising the Government’s Project Merlin bank deal. The departure was confirmed live on Channel 4 News by Danny Alexander.
Chancellor George Osborne makes the bank levy permanent and immediate in a decision finalised on Monday by a Coalition “stung” by accusations they had given the banks a tax cut writes, Faisal Islam.
Channel 4 News has learned that David Cameron’s new Trade Minister is in line for a £3.6m share payout from banking giant HSBC – as the Government attempts to strike a deal on bankers’ bonuses.
Channel 4 News has learned that David Cameron’s new Trade Minister is in line for a £3.6m share payout from banking giant HSBC – as the Government attempts to strike a deal on bankers’ bonuses.
Jon Snow
I went up to the 16th floor in the Finance Ministry to interview the new Minister of Finance Samir Radwan. We were greeted by men in bowties and dinner jackets. Outside some 50 tanks are drawn up around the tomb of the unknown warrior where President Sadat was assassinated.
Faisal Islam blogs from Davos on the day that the bankers fought back.
Chancellor George Osborne has defended his austerity plan to Channel 4 News saying that abandoning the deficit reduction plan, would drag the country “back into the danger zone”.
Chancellor George Osborne has defended his austerity plan to Channel 4 News saying that abandoning the deficit reduction plan, would drag the country “back into the danger zone”.
Jon Snow
What a time to be a journalist – the last few days alone have produced a maelstrom of news that has left seasoned hacks wondering where on earth to turn next.
A former Swiss banker tells Channel 4 News that providing data on offshore bank accounts to WikiLeaks might put pressure on tax authorities, but he refuses to name names.
JP Morgan announces a trebling of pay and bonuses for its investment bankers to more than £1.1billion in the last quarter. Siobhan Kennedy assesses what this means for the rest of the “bonus season”.
Barclays boss Bob Diamond tells MPs banks should be “allowed to fail”, and that the credit crunch “blame game” is over – but pledges to show restraint in bonus season, as Siobhan Kennedy writes.
Gary Gibbon
Our Political Editor reports a minor victory for the Government over banker bonuses – but will the public notice?
The Oldham and Saddleworth by-election is a crucial early test of the Tory-led Coalition. But as voters prepare for Thursday’s vote, broadcaster Peter McHugh writes that all bets are off.
Amid reports that RBS’s chief executive is in line for a £2.5m bonus, Prime Minister David Cameron says the state-owned bank should be leading the way in awarding smaller bonuses.