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- Title
BANKER BASHING MAY LEAD TO AN EXODUS FROM THE CITY.
- Authors
Congdon, Tim
- Abstract
The article focuses on the bank-bashing in London, England wherein the financial differentials between the city and national average has been widening. Bank-bashers state that the large personal incomes depends on the hidden official affirmation of the government and remain credited to high productivity in financial industries. It says that financial crisis would have an immense effect on the tax payers and were characterized by enormous tax payments on profits and incomes in the city.
- Subjects
LONDON (England); UNITED Kingdom; BANKING industry; INVESTORS; FINANCIAL crises; WAGE differentials; TAX assessment
- Publication
Economic Affairs, 2010, Vol 30, Issue 3, p93
- ISSN
0265-0665
- Publication type
Academic Journal
- DOI
10.1111/j.1468-0270.2010.02032.x