Friday, December 11, 2009

Britain, France to get tough on banker bonuses

BRUSSELS, Dec 10 (Reuters) - British Prime Minister Gordon Brown and France's President Nicolas Sarkozy are in complete agreement on moves to levy taxes on bankers' bonuses, Brown's spokesman said on Thursday after the two leaders met.

'Obviously they shared their thoughts on that and they are both completely aligned on the importance of that sort of scheme to ensure that going forward we don't repeat the same mistakes of the past and move towards an era of more responsible banking,' Brown's spokesman said.

He said Brown and Sarkozy met for around 30 minutes before an EU summit, holding what he described as 'tete-a-tete' talks on their initiative, which in Britain's case involves imposing a 50 percent tax on bonuses above 25,000 pounds ($40,600).

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