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When the cap was introduced, most banks regated banker salaries to incorporate previous bonus levels into salaries so it wasn’t effective anyway. Senior bankers tend to be rewarded on a ‘total comp’ basis, so whether it’s salary or bonus is largely irrelevant :shrug:

No chance the Tories will squeak home. They’re ****ed.

Agree with that 100%

Don’t think we misaligned…….problem we have relative to Norway is a much more complicated tax system now……so even getting to a register would take years. We need some ‘quick wins’ (hate using w@nky project management speak), so nail the big corporations now, and get the NHS review underway...

Agree with the theory…..but HMRC aren’t even on top of answering their bloody phones…….they are absolute light years behind smart tax accountants and wealth managers…….closing the gap even slightly will take years and many millions, so any ’money accrued’ (if there is any) is years and years...

How do you practically implement a wealth tax on assets ? How often (and how) do you value property, particularly if it’s abroad ? Other assets like artworks etc (if you don’t include these, that‘s where money will go) ? Liquid assets are arguably easier to capture - interest payments and...

I have a few stories that might involve them…… :lolol:

you 100% weren’t - I reported to him (indirectly - one level below) ! It was abundantly clear to us from very early on he wasn’t well - think the stresses of the crisis had taken their toll (unsurprisingly) - I remember him actually dropping off during a meeting. He didn’t stay long, but...

Lehman didn’t cause the financial crisis…….they were one of a large number of contributory institutions including government and regulators. They were particularly illiquid (having gone particularly large in the MBS market) and lacked sufficient collateral to borrow enough from the Fed or to...

Shouldn’t be if you look at where I started

Accepted of course…easy confusion on here sometimes :lolol: Anyway, I knew commenting on a political thread was a mistake. Won’t happen again.

Are you being deliberately thick or just provocative? I though HTs unnecessarily patronising response was wanky - not the argument :shrug:

Yes. Had to have stern words with my gamekeeper about the foxes again and then had a problem at the Porsche garage with the wife’s runabout - meant I had to pick up Tabitha and Sebastian from Ardingly in the bloody Range Rover. FML.

No no no, I ‘misunderstood the narrative’ (only popped back on because you tagged me, I see I’ve been give the honour of a coveted HWT ignore - ah well, I’ll cope 😄).

:smile:

Thanks prof. Going back to not commenting on political threads.

Maybe. I just thought the reaction was………wanky.

Blimey. I’ve got several pals with kids in private education…….many have sacrificed all manner of things to make that happen. None of them live in mansions or drive porsches.