U.K. Treasury prepares multi-billion pound - wait, make that multi-million pound - windfall tax...

|By:, SA News Editor

U.K. Treasury prepares multi-billion pound - wait, make that multi-million pound - windfall tax on banks. "It is a matter of justice," said one minister. "Investment banks are making exceptional profits as a result of the intervention of government and the Bank of England to limit the economic damage from the mess caused by those very same banks. So it would be outrageous if they paid those profits to employees and bonuses. We are determined to prevent that."