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Monday, January 18, 2010

Going For Broke

The Times reports that there is anger and confusion in the world of broking, over the government's "bonus tax".

Brokerages are still unclear as to whether they will be hit by the tax. It seems that one firm is considering not paying it, whilst others are preparing a joint approach to the Government, arguing that they should not be caught by the tax as they did not receive any bailout money.

This confusion is hardly surprising, the heart of government is known to be confused and directionless; therefore any policy announcements made are themselves confused and directionless.

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